Premia is proud to have been pioneers on Arbitrum and now we’re happy to bring you ARB/DAI options. Our devs have been head down getting these options ready for you since ARB launched a couple days ago and now ARB options are live. Let’s dive in!

ARB/DAI Option Info

A couple days can feel like an eternity in crypto but we’re happy to announce the world’s first ARB options are now live.

ARB/DAI options are available exclusively on Arbitrum network. A friendly reminder, if you need to bridge over to Arbitrum you can do so by easily accessing the Swap & Bridge feature on Premia.

We understand the need for traders to have access to ARB options to hedge against spot holdings, hedge against their airdrop, or to increase/decrease exposure, that’s why we worked as fast as we could to get this together for you.

ARB/DAI Uni V3 Price Oracle

With a Chainlink Oracle unavailable currently for ARB, Premia’s ARB/DAI options are utilizing Uniswap v3 pricing oracle. This is a preview of things to come with Premia v3 where oracle pricing can come from Uniswap or Chainlink.

The ARB side of the option pair queries the ARB/ETH Uni v3 TWAP (time weighted average price) and cross checks against the ETH/USD Chainlink price feed to get ARB quotes in USD. The DAI side of the option pair uses the DAI/USD price feed from Chainlink to get the DAI quote in USD.

The Uniswap v3 price oracle for ARB options will transition to Chainlink when the Chainlink oracle goes live. Please note that Uniswap oracles are can be volatile and are more subject to issues than Chainlink oracles.

Get Started with ARB Options

Just like other option pairs on Premia, purchasing ARB Call options will require users to have ARB to pay the fees and users will need the base pair (DAI) to purchase options from the Put pool. Again, all the bridging and swapping you need to do can be done without having to leave the Premia protocol by using the Swap & Bridge feature.

ARB/DAI pools will launch with the standard $PREMIA emissions as incentives as well as the protocol fees earned by LPs for depositing in the pool. vxPREMIA holders in the DAO can vote to increase rewards to these pools so keep an eye on your vxPREMIA Dashboard.

Ready to start trading ARB options? Head over to Premia and get started.

Questions About ARB Options?

Feel free to hop into our Discord and we’d be happy to discuss any questions you may have about the new ARB/DAI Option pools!

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