diff --git a/proposals/OGP-automator.md b/proposals/OGP-automator.md new file mode 100644 index 0000000..c0eafdb --- /dev/null +++ b/proposals/OGP-automator.md @@ -0,0 +1,33 @@ +# Opyn Gamma Automator + +| | | +| -------- | -------- | +| Status | Draft | +| Author | Willy Shen | +| Discussion | Discord | +| Labels | | +| Repo | [https://github.com/shenwilly/opyn-auto](https://github.com/shenwilly/opyn-auto) | + +## Introduction + +Automator contracts for redeeming otokens and/or settling vaults on Gamma. + +## Details + +- Option holders can approve their tokens for automatic redemption on expiry (if ITM). +- Option writers can set us as operator for automatic settlement of vaults. + +We use [Gelato](https://github.com/gelatodigital/poke-me) to automate the execution. +A small percentage of payouts are taken from each successful order to cover for Gelato gas fees. + +## Milestones + +- App is currently live at [https://autogamma.netlify.app/](https://autogamma.netlify.app/) +- Get feedback and make changes. + +### Ideal Launch Date + +- Contracts and web app are already live. + +## Funding Request and Budget Breakdown +- 0.5 ETH for contract deployment and testing on mainnet.