The Uniswap Foundation plans to launch the gRHO platform of Panoptic.

Uniswap Foundation allocates $379,000 to Panoptic for developing v4 liquidity interface

Panoptic raises $7 million to build perpetual options platform for DeFi

👀 Our @code4rena audit for Panoptic is live until July 7! $18,000.00 in bounties for poking around the Uniswap of options. More details below👇

Heads up: the @panoptic_xyz competitive audit ends July 7th! There's still time left to submit your findings for a share of the $18,000 prize pool!

🧵 Selling Volatility in DeFi: Straddle vs Strangle — Who Wins? We ran a full-year backtest on Panoptic’s perpetual $ETH options. ​ 3 roll frequencies: → Daily → Weekly → Monthly ​ Here’s what actually works 🧨👇 ​ First things first, some explanation of these strategies: ​ Short Straddle • Structure: Sells an at-the-money (ATM) call and put. • Payoff: Max profit when price hovers near the strike → both legs stream fees. • Risk: Sharp move in either direction = one leg goes deeply in-the-money, causing losses. • Ideal: Low volatility, mean-reverting markets. ​ Short Strangle • Structure: Sells out-of-the-money (OTM) call and put. • Payoff: Profits from wider price range staying between strikes = longer fee streaming. • Risk: Breakouts beyond either leg trigger losses that scale fast. • Ideal: Sideways, range-bound markets with no major breakouts. 1. Daily Rolling 🔄 Constant re-centering = smoother returns 🤏 Straddles outperformed: tighter fee zones = more yield 📉 Drawdowns stayed shallow, even in volatile weeks ​ 2. Weekly Rolling ⚖️ Best balance of stability and capital efficiency 💸 Straddles again won: more consistent premia than strangles 📉 Max drawdowns ≈ -6%, quick recovery after market moves ​ 3. Monthly Rolling 🎢 Much more volatile — longer exposure to directional trends 🥵 Strangles got hit hard: up to -14% drawdowns 💰 Calm months were profitable, but rare ​ 💡 Conclusion Straddles win — especially with tighter roll schedules. Why? → Closer to the action = more fees → Require more active management ​ Well-managed short vol strategies can generate consistent yield — but only if you're disciplined and ready to adapt. ​ #DeFi #Options #Volatility #ETH

New $18,000 competitive audit, STARTS NOW Welcome Panoptic, a DeFi options protocol designed to enhance LPing and trading. 10 days to help secure @panoptic_xyz with the biggest prizes go to the rarest vulnerabilities found. Check out the audit docs below for more details.⤵️ https://t.co/S1lQDkAdjQ

All $UNI rewards will be redistributed to depositors, LPs, and option traders based on their Panoptic points allocation. Only eligible pools qualify ⤵️

On Panoptic, you can literally spy on who's about to get liquidated.If your margin hits 100%… gg.Looks like it might be time to check if you're competing in the trading competition on @Base. 👀 https://t.co/LwaVk5smLq

SNXweave Weekly Recap 187

Someone just walked away with a +93.67% profit on Panoptic. Options hits different when you know what you’re doing. 😮‍💨 https://t.co/pFv97vpcg7

📢 Now live on @Liquidity_Land! Deposit via @Liquidity_Land to get: ✨ 100% Initial Boost (2x points) 📈 5–7%+ APY on USDC, ETH, BTC (no IL) LP to get: ⚡️ Up to 112%+ APR on ETH/USDC Deposit single-sided and lend passively—LPs earn Uniswap fees + Panoptic premiums. https://t.co/Vg4z7VztPs

Trading JPMD options on Panoptic? | Stop Losing Start Trading https://t.co/UXIUajhzTv

Panoptic is the Uniswap of options.

One protocol prices volatility. The other is volatility. Perps? Options? Both? Find out which approach to derivatives is your favorite. Spartan Spaces with @Panoptic_xyz. Tomorrow.

Straddle vs Strangle — which DeFi volatility delta-neutral strategy wins? We backtested both on ETH/USDC (0.3%) from May ‘24 to Apr ‘25 using Panoptic’s perp options. 🔥 One strategy returned +10.46% with zero directional bias. Let’s break it down 👇 In TradFi, straddles and strangles are popular volatility strategies. Straddle: long call + long put at the same strike. Strangle: long call + long put at different strikes (OTM). → Both bet on price movement, not direction. Here’s what happened 👇 🔷 Long Strangle: ✅ Outperformed long straddle over a 1-year backtest: +10.46% vs +3.28%. 💰 Lower premium drag due to OTM legs activating only on strong breakouts. 📉 Shines during big directional moves, especially when $ETH dropped ~56%. 💤 Underperforms in sideways markets, as price may stay between strikes. 🔶 Long Straddle: ⚡ Quick activation near spot captures small moves better than strangle. 🧊 Higher fee accumulation, even during low-volatility periods, drags returns. 📈 Peaks in monthly rolling, with potential 10–15% gains during volatility spikes. 🔄 More sensitive to rebalancing: monthly > weekly for capturing trends.

Panoptic Intern is $601k Richer Than Andrew Tate | Options Hour https://t.co/LmsbjvFQLl

We are thrilled to announce that Panoptic LPs and option traders will now be able to earn $UNI token incentives by providing liquidity to select Uniswap v4 and Unichain markets.

-71.32% loss on a short perp-like risk reversal. Perps offer big moves—but bigger risks. At Panoptic, you can trade perps and use options to control risk, define max loss, and trade smarter. 🧠 Why gamble when you can strategize? https://t.co/huRT6vkve3

🎙️ The next Spartan Space is set: Perps vs Options – The Great Debate. @Panoptic_xyz joins us to break down two of DeFi’s most powerful primitives.🗓️ June 17⏰ 18:00 UTC📍 https://t.co/RGU5p6WLqjWhich side are you on? https://t.co/jzo2hxTssd

This trader on @Base executed a multi-leg options strategy on May 21—positioning perfectly as $ETH tested the critical $2,500 level. With balanced exposure across strikes at $2,345, $2,774, and a $2,460 put, they captured profits regardless of direction. While ETH consolidated around $2,500, the trader generated a 2.92% return (347% APY) in just one week on 2,357 USDC margin. Month In Review 🎯 BIG NEWS: @Coinbase's $2.9B acquisition of @DeribitOfficial signals crypto options' mainstream inflection point. This landmark deal creates one of the world's largest comprehensive crypto platforms. 🏆 Our Base trading competition wrapped up with MASSIVE success - over $205K volume, with winner Ohmmm.eth crushing a +52% return through strategic long calls! 📊 New research reveals the "Relief Risk Premium" - call wing sellers on $ETH earned mean monthly premia of 2.8% (39.5% annualized). 🔬 Panoptic Spotlights Our founder @Guil_Lambert joined @tastyliveshow to discuss crypto options signals and $BTC's next moves. 📈 #ResearchBites Cross-chain analysis shows Base exhibits higher baseline implied volatility but smoother dynamics vs Ethereum, creating unique arbitrage opportunities with price dislocations exceeding ±150 USDC! 🚀 What's Next: Bitcoin trading competition launched June 2 and goes until June 30! Plus, catch us at @Permissionless (Brooklyn, June 24-26) & @EthCC (Cannes, June 30-July 3).

We've hit a significant milestone! Over $10M in options traded on Panoptic with $5M in just the last month. Thank you to everyone who saw perpetual options and said, "finally, I'm in." Check out the live data on @Dune👇 https://t.co/POxBhBJLDi

Now tracking @Panoptic_xyz V1.1 on @base & @ethereum Panoptic v1.1 is a decentralized, oracle-free perpetual options trading protocol https://t.co/zif8OPU1lM

🏁 The Panoptic trading competition on @Base has officially ended!After two weeks of trading, LPing, and depositing, participants competed for $5,000+ USDC, 5M+ Pips, and a 23” jumbo plushie.Here are the results 👇 https://t.co/uvDry6zMlI

👉 Are DeFi options on @Base outperforming Ethereum? New quantitative research analyzes the price, implied volatility, and bearish/bullish strategies across Ethereum and Base revealing surprising insights: 💧 ETH/USDC Pool Price • Minute-level analysis shows frequent dislocations between Base and Ethereum prices and deviations of up to $150 USDC in either direction. • These deviations were transient and often clustered during volatility events. • Likely drivers: sequencer delays, cross-chain latency, and JIT liquidity provisioning on Base. ⇒ These dislocations present short-lived arbitrage opportunities for high-frequency or cross-chain traders. 🌡️ Implied Volatility (IV) Findings • Ethereum exhibited sharper IV spikes, particularly mid-2024 — consistent with deeper liquidity and speculative flows. • Base showed a slightly higher baseline IV but with smoother and more stable behavior. • The IV spread (Base – Ethereum) hovered slightly above zero on average, confirming Base tends to price in more persistent tail risk. • Large negative IV spreads (–100 IV pts) appeared during Ethereum IV surges—ideal windows for cross-chain vol trades. ⇒ Trading edge: short Ethereum vol during spikes, long Base vol during low-IV periods. 🧠 Strategy Results • Short Calls: Outperformed with +17.65% on Base and +14.76% on Ethereum; benefited from high IV and low realized volatility. • Long Calls: Underperformed with –18.06% on Base and –14.76% on Ethereum; premium drag outweighed limited upside. • Long Puts: Best-performing strategy; returned +17.58% on Ethereum vs. +13.42% on Base despite identical payoffs—reflecting Ethereum’s cheaper IV. • Short Puts: Negative returns (–17.58% ETH, –13.42% Base), but Base’s higher premia helped cushion downside. #DeFi #Ethereum #Base #QuantResearch #CryptoOptions #Panoptic #IV #Volatility #Arbitrage

Panoptic is headed to the 6ix, #Consensus2025 roll call, who’s joining? https://t.co/xwplB8uzN1

Beyond the Greeks w/ Panoptic: Analyzing the call wing premia https://t.co/34qfcQ7uZA

Perps on Panoptic? Yes—you can trade perps using options. This Panoptic trader made +74% this week and EARNED the funding rate. Meanwhile, on platforms like @HyperliquidX, longs are paying funding. Realized funding fees on Panoptic (earned +10 bps over 6 days): Funding rate on Hyperliquid (longs paid -33 bps over 6 days): They’re now sitting in 2nd place in our @Base Trading Competition 👀

Conversion Therapy: From Uniswap LP to Market Maker on Panoptic https://t.co/GoCCMIdWcm

This trader on @Base opened a perpetual call option on May 6—just hours before Ethereum’s highly anticipated Pectra upgrade. While $ETH price initially held steady post-upgrade, renewed global optimism ignited a sharp rally, sending ETH soaring over 28% and breaking past $2,300.​Thanks to 10x leverage, the trader netted a +21% return on notional (+210% on margin), all while paying less than 1% in streaming premia. This performance made them a top contender for first place in Panoptic’s ongoing Base trading competition.📅 Month In Review🚀 BIG NEWS: Panoptic has officially launched on Base, bringing gas-efficient, fully onchain options trading to #DeFi! Trade options directly onchain, short tokens with limited risk, and provide liquidity with leverage.​🏆 Join our two-week trading competition on Base with $5,000 in cash prizes, over 5,000,000 Pips, and a giant plushie up for grabs! Contest ends May 19th - don't miss out!📊 We've just launched our new "Risk Analysis" feature! Now you can instantly see how your collateral requirements change with price movements and clearly view your liquidation thresholds. Real-time risk management at your fingertips!🎙️ Panoptic SpotlightsOur founder @Guil_Lambert was featured on @growuniswap's Ungovernable Podcast sharing Panoptic's origin story and his vision for on-chain options and Uniswap.🔎 #ResearchBitesDeep OTM put options sellers saw mean monthly premia of ~3.9% (58.6% annualized) for ETH/USDC pools from May 2021 to March 2025, with cumulative premiums of 153%!​🔜 What's Next: Panoptic is live on Base and kicking things off with a trading competition. Join now!

2️⃣ Jumps in IV! 📍 Jumps in crypto have exhibited extremely fat tails! Panoptic volumes and flows could help stabilize volatility in pools.

Beyond the Greeks with the Panoptic Team: IV and Market Structure on Base https://t.co/3Zz4QbbDNW

New competition incoming! To celebrate our launch on @Base, Panoptic is kicking off a two-week trading competition with: 💰 $5,000 🔥 5M+ Pips 🧸 One absurdly large plushie Ready to enter the competition? Let’s go over the details 👇 https://t.co/zbMW11E8Q5

Conversion Therapy: From Uniswap LP to Options Trader on Panoptic https://t.co/lnnXicROzs

🌴 Panoptic is touching down in Dubai for #TOKEN2049 If you’re into options, LPing, or just want alpha and vibes—DM us or come say hi IRL. 📆 April 30 – May 1 📍 See you in Dubai habibi

Beyond the Greeks: Research Bites with the Panoptic Team https://t.co/5ypuy09e6f

📍 OTM options have more convexity with respect to volatility, meaning they have more explosive payoffs. 📍⬆️ Payoffs = ⬆️ Demand = ⬆️ VRP 📍 Panoptic converts higher demand into 💰 with a SPREAD MULTIPLIER to further compensate options sellers.

What if @Panoptic_xyz was a furry logo 💜 https://t.co/61VEqdNqNk

New feature alert: You can now visualize how your collateral impacts your PnL! Panoptic lets you use either token in a market as collateral, giving you more flexibility when funding your account to trade. Now, we show how those deposits affect your open positions with the updated PnL curve 📈

Beyond the Greeks: Research Bites with the Panoptic Team https://t.co/Vj4QAVbRDg

If you’re at #PBW2025 and want to chat with the Panoptic team IRL, our DMs are open—come say hi! https://t.co/8RyOPHE4j4

Beyond the Greeks: Research Bites with the Panoptic Team https://t.co/X5JgtezZz2

Panoptic is the place to park your ETH.Earn 7.78% APY on your ETH Deposits into the $WETH / $USDC market today! https://t.co/j8mkmfqpiw

Stop leaving money on the table! Only on Panoptic can you unlock out-of-range liquidity from @Uniswap and turn it into real profits—start earning the fees traditional LPs miss out on! https://t.co/Yx5C6Zi2Dd

⏲️ Only 12 hours left! Deposit $100+ in any Pips pool on gRHO and earn 2x Panoptic points! Hurry—this limited-time boost ends tonight at 11:59pm ET | 03:59 UTC.

We’re beyond excited to have @guil_lambert featured in this week’s Builder Stories on @UniswapFND! A huge thank you to Uniswap for supporting Panoptic as we build gRHO—the game-changing interface for passive LPs that tackles the impermanent loss problem head-on. Check out the full interview below.👇

✨ 60.5M points issued to Panoptic users in the last 2 weeks, with leveraged @Uniswap LPs (option sellers) taking the biggest share!Our Pips Leaderboard has been updated! Check to see if you're climbing the ladder or have been knocked down a few steps...👀 https://t.co/bcd2GmB0x4

The ✨'s aligned Come meet Panoptic at the @Unichain booth! Claim an NFT, get merch, and geek out during office hours with @Uniswap, @Panoptic_xyz, and other @Unichain builders! 🤓 📅 Thu, Feb 27, 2:00 - 3:30 pm MT 📅 Sat, Mar 1, 10:00 - 11:30 am MT 📍 Unichain Booth 407

✨ 27.5 Million Pips have been issued this week!Panoptic Point balances are now updated on Ethereum Mainnet & Unichain. https://t.co/rzbs9UCIsz

Are any @Uniswap LPs feeling queasy about trading options?🤯 Surprise—you’re already trading options! But in an incomplete market.Panoptic fixes the missing piece in DeFi. https://t.co/a0qyMqmUJY

The rumor is true, Panoptic is going on tour 🎙️Exclusive insights from the Panoptic team: Options trading, market insights, and strategies to maximize @Uniswap LP profits!📍 Catch us on X and YouTubeHere's our tour schedule for the week 👇 https://t.co/hm0NJ3sTRC

Beyond the Greeks: Research Bites with the Panoptic Team https://t.co/jX7bjI9LSF

Panoptic has launched on @Unichain! We're innovating on the LP experience. Try it out here ➡️ https://t.co/d4fKBtC7Ez https://t.co/A2GuhLx2tV

📢 Panoptic Passive Liquidity Quest is live on @DeBankDeFi! Deposit USDC to the USDC/WETH market on Panoptic MAINNET & start earning while unlocking DeFi’s next evolution! Rewards: 💰 5x $100 cash lucky draw 🫴 Passive USDC yield ✨ Earn Pips + Boosts for DeFi users ❌ No IL

✨ 173,092,711 Pips have been issued! ✨Earn points by depositing, LPing, or trading on Panoptic—and get rewarded while you earn. https://t.co/Hbzw9fxZpd

✨ Pips are now live on $BTC! ✨Earn Panoptic Incentive Points (Pips) in the $WBTC / $USDC (0.30%) market on Ethereum Mainnet—just look for the ✨Pips✨ icon.• Deposit WBTC or USDC• Accumulate streamia by LPing• Accumulate streamia by trading options https://t.co/wuPiNg9CrD

Stop Losing, Start Trading + Options Hour w/Panoptic https://t.co/KZoOfmVWpZ

✨ Pips are now live on Unichain! ✨Earn Panoptic Incentive Points (Pips) in the new $WETH / $USDC (0.05%) market—just look for the ✨Pips✨ icon.• Deposit USDC or WETH• Accumulate streamia by LPing• Accumulate streamia by buying options https://t.co/oXxRoZlxQ0

Panoptic is live on @Unichain—our first L2 integration! This is a big leap in helping LPs be more profitable, manage risk, and earn passive yield. LP better here ➡️ https://t.co/d4fKBtC7Ez https://t.co/PN3Kk77K5w

Stop Losing, Start Trading + Options Hour w/Panoptic https://t.co/xZtdIiKapm