GammaSwap

Volatility trading protocol enabling long/short vol positions on HyperEVM LP pools

Multi-Layer

ACTIVEDecentralized Exchanges

TL;DR

GammaSwap is an innovative decentralized derivatives protocol that enables trading of volatility by allowing users to borrow LP positions from AMM liquidity pools, creating a market for going long or short on implied volatility without needing a traditional options exchange or order book. It is one of the most technically novel volatility products in DeFi, built for sophisticated traders who want directional exposure to price swings rather than just price direction.

Key Facts

CategoryDecentralized Exchanges

LayerMulti-Layer

StatusActive

Websitegammaswap.com

Key Features

1It is one of the most technically novel volatility products in DeFi, built for sophisticated traders who want directional exposure to price swings rather than just price direction

2This creates an elegant two-sided market: liquidity providers earn borrow fees that compensate them for IL risk, while volatility traders gain convex exposure to price movement

3For LPs seeking to hedge their impermanent loss exposure on HyperEVM AMMs, GammaSwap provides a natural counterparty

4A liquidity provider who is short gamma can take an offsetting long-gamma position through GammaSwap, dramatically reducing the directional risk of market-making in volatile assets

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Decentralized Exchanges on Hyperliquid

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