A Bitcoin holder who wants less downside exposure today usually sells the asset or shorts a perpetual futures contract, taking on funding costs and liquidation risk. On-chain options offer a third path consisting of paying a fixed premium, keeping the Bitcoin, and handing the crash risk to whoev...
Source: [CryptoSlate](https://cryptoslate.com/on-chain-options-close-in-on-cryptos-21b-a-day-perp-market-to-deepen-liquidity-everywhere/)