Learn about Premia Blue, the next generation DeFi Options Exchange! Premia Blue is the premier DeFi Options Exchange on Arbitrum.

Learn about Premia Blue, the next generation DeFi Options Exchange! Learn with the premier DeFi Options Academy. Premia Blue are the premier DeFi Options Academy.

Premia Blue - Decentralized Options Exchange | DeFi Options

Begin your journey of mastering crypto options trading on Premia.

Trade fully customizable European-style options on any ERC-20

Earn yield from automated Strategy Vaults

Seamlessly enter long- and short positions on any option

Fully customize your LP risk profile with range orders

Interact with the protocol programmatically via API or the Premia SDK.

💎 Time to learn the "what" of Premia Blue!

Premia Blue: DeFi Options Made Easy

To learn what options are and what makes them so great, check out the Options 101 courses here in the Premia Academy!

Crypto Options on Premia

Strategy Vaults

Covered Call Vaults underwrite call options on the underlying asset on an automated basis. The goal of this strategy is to retain exposure to the underlying asset while generating extra income from premiums. However, if the underlying asset rapidly rises in price, this strategy may incur a loss, since it's based on short call options collateralized by the underlying asset.

Cash-Secured Put Vaults underwrite put options on the underlying asset on an automated basis. The goal of this strategy is to utilize the collateral asset (e.g. USDCe) to generate extra income from premiums. However, if the underlying asset falls  in price, this strategy may incur a loss, since it's based on short put options.

Range Orders

Users on Premia can buy/sell options on any ERC-20 of their choosing, participate in automated liquidity strategies, or provide liquidity via range orders to maximize fees earned. 

Premia Blue - DeFi Options Exchange

Learn about trading options on Premia Blue, the next generation DeFi Options Exchange! Options are the most flexible financial derivatives in DeFi.

Learn about trading options on Premia Blue, the next generation DeFi Options Exchange! Learn with the premier DeFi Options Academy. Premia Blue are the premier DeFi Options Academy.

Trading Options on Premia | DeFi Options

It's time to learn how options are traded on Premia Blue:

💎 Time to learn the "how" of crypto options!

Options Primer

Call Options: Grant their holder the right to buy an asset at a specified price and date.

Put Options: Grant their holder the right to sell an asset at a specified price and date.

Trading Options on Premia

Options on Premia: Options are represented by tokens that can be traded, utilized in range orders, or held until expiration and exercised.

Managing, Settling, and Exercising (Portfolio Page)

Closing With Limit Orders

Utilizing Range Orders

Learn about range orders on Premia Blue, the next generation DeFi Options Exchange. Range orders are the most efficient way of providing liquidity in DeFi options.

Learn about range orders on Premia Blue, the next generation DeFi Options Exchange! Learn with the premier DeFi Options Academy. Premia Blue are the premier DeFi Options Academy.

Range Orders on Premia | DeFi Options

Range orders are a way for sophisticated traders to maximize capital efficiency and trading fees earned. 

Create permissionless pools for any option

💎 Smart Range Orders

Concentrated Liquidity Pools

Smart Range Orders allow LPs to fully customize the options that their capital will be used to underwrite, granting them full control over their risk exposure, a first in DeFi options!

Setting Range Orders

Long-Collateral: These orders only hold long options or the collateral asset. The collateral inside will be used to buy options as they become cheaper and those options will be sold back into collateral as they become more expensive. Conversions will automatically generate maker rebates in the process.

Collateral-Short: These orders only hold short options or the collateral asset. The collateral inside will be used to sell options as they become more expensive and those shorts will be converted back into collateral as they become more in demand. Conversions will automatically generate maker rebates in the process.

Why To Use Range Orders

Range orders generally require a great deal of management and maintenance in order to maximize utilization and efficiency, which is why we've developed an open-source Range Order Bot that abstracts away the complexities of programming. Check it out here!

💡 Range Order Bot

Range Orders on Premia

Learn about Strategy Vaults on Premia, the next generation DeFi Options Exchange. Strategy Vaults are the easiest way to provide liquidity in DeFi Options.

Learn about Strategy Vaults on Premia, the next generation DeFi Options Exchange. Learn with the premier DeFi Options Academy. Premia Blue are the premier DeFi Options Academy.

Strategy Vaults on Premia | DeFi Options

Users can easily provide liquidity on Premia Blue using automated Strategy Vaults. Depositing assets to a Vault nets users a proportional share of PnL, Premia rewards, and ARB incentives from the Vault.

💡 Strategy Vaults

What Are Vaults Useful For?

Covered Call Vaults underwrite call options on the underlying asset on an automated basis. The goal of this strategy is to retain exposure to the underlying asset while generating extra income from premiums. However, if the underlying asset rapidly rises in price, this strategy may incur a loss, since it's based on short call options collateralized by the underlying asset.

Cash-Secured Put Vaults underwrite put options on the underlying asset on an automated basis. The goal of this strategy is to utilize the collateral asset (e.g. USDCe) to generate extra income from premiums. However, if the underlying asset falls in price, this strategy may incur a loss, since it's based on short put options.

Introduction to Vaults

Potential Risks: The Covered Call Vaults might lose in up-trending market conditions, whereas the Cash-Secured Put Vaults might lose during downtrends. 

Using Premia Blue’s Vaults

1. Go to the "Vaults" tab inside app.premia.blue

2. Filter by the asset of the Vault you want to deposit to. 

3. Click on the Vault you want to deposit in. Users can deposit the underlying asset to the Call Vault, or USDCe to the Put Vault. Traders can use Premia Blue's in-app Swap & Bridge to get the asset they need.

4. Here, you can see how the Vault functions, and its historical performance. Remember that the Call Vault is a bearish strategy, while the Put Vault is a bullish strategy. Next, click "Add" to add liquidity to the Vault.

5. Enter the amount of the underlying asset or USDCe you want to deposit. 

6. Approve and Sign the transaction in your wallet, and you're done! Your position is now accruing a proportional share of PnL, PREMIA rewards, and ARB incentives.

Strategy Vaults on Premia

Test your knowledge of Premia Blue and crypto options!

Exam: Introduction to Premia Blue

Premia Blue is the world's first crypto options platform to combine a CLAMM, Strategy Vaults, and an orderbook into a non-custodial exchange. Are you ready? It's time to learn how to trade options!

Premia Blue is a decentralized options platform where users can buy and sell DeFi Options with customizable strikes and expiries on multiple crypto assets.

Course overview

Introduction to Premia Blue

Premia Blue - DeFi Options Exchange

Trading Options on Premia

Range Orders on Premia

Strategy Vaults on Premia

Exam: Introduction to Premia Blue