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.
On-chain options, forged in glass. Write covered calls and cash-secured puts; the collateral is sealed in a contract — never an operator — and every option is an ERC-721 you alone can move. Built for the hands that hold it, human or machine.
Deposit once and earn a fee every time the protocol borrows your asset for a single transaction and hands it straight back. Mantle is the molten layer beneath the crust — the pressure that feeds every Eruption.
Pour your whole portfolio into one molten pool and borrow against all of it under a single health factor — nothing sits idle. Magma is the reservoir deep underground: one connected body of liquidity and shared risk. The pool shares the heat both ways.
Lend one asset against one collateral in a market sealed off from the rest; when a stream runs hot, the others never feel it. Lava is magma that reached the surface and split into separate channels — each its own stream, each its own risk.
Stray below your collateral line and Cascade takes the position — collateral reclaimed at a penalty to keep the protocol solvent, the fee paid to the keeper who acts. Cascade is the molten chain reaction: go over the edge and it pours, and it doesn't stop at one.
Trade at pool price, or aim your liquidity into a chosen band where it earns amplified fees. Prism splits the market the way glass splits light — your capital works only where you point it. LP positions are NFTs, withdrawable any time.
Swap pegged dollars with almost no slippage and earn the fees when the basket drifts. Obelisk is the monument that does not move — stable assets held flat, now including SOT. A single LP NFT is your share of the whole basket.
The live ledger of every option for sale and every standing bid. Asks are options already written and listed; bids are escrowed offers a writer can fill in a single transaction. The Book is where the market shows its hand.
Heat two option legs together into one position and free the collateral trapped between them — protective spreads recover up to 95% of what a single leg would lock. The Forge is where raw options become something sharper: verticals, calendars, diagonals.
Exercise an in-the-money option with nothing down — borrow the strike, exercise, sell, repay, and keep the difference, all in one transaction. Eruption is the surface giving way: pressure released in a single violent instant. It only fires when the profit clears the fees.
Every option you keep written mines OBS for its entire life — the longer it stays open, the more you pull from the rock. Quarry stops the moment the position closes: exercise, expiry, cancel, or dissolve. Patience is the pickaxe.
Lock collateral and mint SOT — a dollar that holds because anyone can always redeem it for a dollar of collateral. No incentives, no faith required. Sands of Time is the hourglass that always reads $1, however the market runs.
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.
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.