steption.
Testnet
PREVIEWExplore sample markets. Paper trades use no funds.How it works
STELLAR OPTIONS PROTOCOL

Options markets

Find your position. Define your risk.

Built on Stellar
ONE NETWORK. DEFINED RISK.

A different way
to hold your ground.

Trade XLM puts and capped calls.
Every lot backed before you buy.

Explore the mechanics
Sample collateral
0.00 USDC
Upfront maximum payout100% reserved
No margin callsCollateral stays in the contract
Sample markets
00 series
X$
XLM / USDCOne pair. Two directions.
Downside protectionCapped upside
XXLM / USDCEuropeanCash settled
MarketExpiry Strike / capPremium AvailableCollateral / lot

Loading markets…

Reading market inventory.

0 markets · Illustrative prices and inventoryAll amounts in USDC · Network fees in XLM

Create a series

Fixed terms. Fully reserved in USDC.

Collateral required200.00 USDC

Creating an offer transfers this reserve to the contract. Sold lots stay locked until oracle settlement. You can cancel unsold lots.