Quickstart
Introduction
The easiest way to get started with MYSO is by using the Simulation Tool to calculate potential premiums that you can earn writing call options on your tokens.
Once you've selected a coin, the tool automatically checks whether it can be used for call or put writing.
Eligibility Criteria
The tool evaluates a coin based on the following criteria: ✅ The coin exists on an EVM chain ✅ The coin’s FDV and trading volume are sufficiently large ✅ The coin has relevant CEX listings
These factors help determine whether it is possible to match an institutional trading firm with the user through MYSO v3.
👉 If all sections are green or yellow, there is a high likelihood of finding a match.
Indicative Premium Calculation
The tool then calculates indicative premiums that users can earn by writing calls. The results are displayed in a matrix:
X-axis → Different days to expiry (e.g., 7 days, 30 days, 60 days)
Y-axis → Different strike levels (e.g., 100%, 110%, 120%)
100% = Strike price equal to the current spot price (at-the-money)
110% = Strike price 10% higher than the current spot price
Inside each matrix cell, users can see the indicative relative option premium they could earn. For example, a 10% premium means that 10% of the notional value locked as collateral can be earned upfront.
Example Calculation
📌 Scenario: Writing a covered call on $100K worth of XYZ tokens with a 10% premium 💰 Outcome: The user receives $10K upfront upon trade inception and keeps it no matter what.
Trade Execution
At the bottom of the page, users can specify their preferred parameters for writing calls. These details are then shared with institutional trading firms, who may respond with a tradeable quote.
If a user receives a tradeable quote, they can proceed to settle the trade on-chain.
How to Execute a Trade
The trading firm generates a shareable link via the MYSO DApp containing a trade summary.
The user reviews and verifies trade details (e.g., those agreed upon via Telegram).
The user executes the trade by submitting an on-chain transaction.
What Happens on Execution?
An escrow contract is automatically created.
The user's notional amount is transferred into the escrow.
The option premium is automatically pulled from the trading firm and sent to the user.
Post-Trade Settlement
After the option expiry, the user has two possible outcomes:
1️⃣ If the option expires unexercised → The user can withdraw their tokens from given escrow via the "My Positions" dashboard. 2️⃣ If the option is exercised → The user automatically receives the conversion amount in their wallet.
✅ No further action is required from the user.
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