Abyssal.fi — Decentralized Options on Solana

Overview

Abyssal.fi is a decentralized on-chain options market built on Solana. It enables trading of European-style, cash-settled options on crypto, equities, and commodities. All options are settled in USDP (Pacifica stablecoin) and priced using the Black-Scholes model combined with the AFVR implied volatility surface.

Key Features

•European-style options (exercisable at expiry only)

•Cash-settled in USDP — no physical delivery

•15 markets: crypto (BTC, ETH, SOL), equities (NVDA, TSLA, PLTR, etc.), commodities (XAU, XAG, etc.)

•NFT-backed positions — each option position is represented by a unique on-chain NFT

•Automated delta hedging by the protocol

•LP vault for liquidity providers to earn fees

•Black-Scholes pricing with real-time Greeks

•Auto-faucet: 1000 USDP + SOL credited on first wallet connection (devnet)