Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Create OGP-automator.md #18

Open
wants to merge 1 commit into
base: main
Choose a base branch
from
Open

Create OGP-automator.md #18

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
33 changes: 33 additions & 0 deletions proposals/OGP-automator.md
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -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.