Every feature, strategy, and tool on Obsidian explained. Start with what each branded component actually does, pick a trading strategy, or wire an AI agent to the protocol.
Write covered calls and cash-secured puts. Collateral is custodied by smart contracts — never a centralised operator. Every option is an ERC-721 NFT you can trade, transfer, or flash-exercise. Built on Arbitrum, settled on-chain.
Deposit an asset, earn the fee every time a trader borrows it for a single transaction. Mantle pools service Eruption (zero-capital exercise) and any external caller that repays within the same tx. No lock-ups — withdraw anytime. Your pool fills first; if it lacks liquidity, the flash router falls back to Uniswap v3 or AAVE v3 and shows you the fee comparison up front.
Supply an asset to earn interest from borrowers. Borrow against your collateral at up to 90% LTV with cross-margin across every market. Positions with a health factor below 1 can be liquidated by anyone, who keeps a 10% bonus on the seized collateral. Works like AAVE or Compound: per-market collateral factors, reserve factors, borrow caps.
Uniswap v3-style concentrated liquidity for volatile pairs. Pick your price range; your capital only works inside that band but earns amplified fees when price is there. LP positions are NFTs — transferable, composable, and withdrawable any time.
Curve-style StableSwap for pegged assets (USDC / USDT / DAI). Tight slippage when the basket is balanced, automatic rebalancing fees when it drifts. A single LP NFT represents your share of every stable in the pool.
The live bid/ask book. Asks are options already written and listed for sale. Bids are escrowed offers to buy an option at a specific strike, expiry, and amount — a writer can fill one with a single transaction to collect the premium without going to the marketplace.
Chain two options into a single position to free up collateral. Protective spreads (e.g., debit call spread, bull put spread) can recover up to 95% of locked collateral by pairing a long and a short leg. Credit spreads release the rest of the collateral in exchange for a capped max-loss. Supports vertical, calendar, and diagonal constructions.
Exercise an in-the-money option with no upfront capital. In a single transaction: flash-borrow the strike cost from Mantle (or a fallback source), exercise the option to receive the underlying, swap it back for the strike currency, repay the flash loan, and pocket the net profit. Only works when the ITM spread covers the flash fee + platform fees.
Every active option you have written accrues OBS rewards for its lifetime. The longer your position stays open, the more you mine. Rewards stop the moment the position exercises, expires, cancels, or is dissolved from a chain.
Sell upside on an asset you own. Collect premium. Lose nothing if price stays flat or drops.
Agree to buy an asset at a lower strike in exchange for premium. If assigned, you own the asset at a discount.
Bull call / bear put / bull put / bear call. Cap both profit and loss for a net credit or debit.
Sell short-dated, buy long-dated at the same strike. Profit from time decay and volatility shifts.
Calendar + vertical. Different strikes AND different expiries. For directional bets with time decay tailwind.
Exercise ITM options with zero capital — flash-borrow, exercise, swap, repay, keep the profit.
HTTP/JSON surface for read, simulate, and signed-write actions. Base URL: api.obsidian.trading.
Model Context Protocol server exposing every read + signed-write as a typed tool. SSE or stdio.
Downloadable skill bundle for Claude Code / Claude Desktop agents. Drop into ~/.claude/skills/.
Typed client wrapping the API + MCP surface with viem + EIP-712 signing helpers.