Options DEX · live on Base mainnet
Every option is issued on one shared, standardised grid of strikes and expiry dates, so liquidity pools together instead of scattering across thousands of one-off contracts. Create and trade fully on-chain options on any asset Chainlink prices — no approvals, nothing off-chain.
Options can be created on any Chainlink price feed, by anyone, with no approval. Strikes and expiry dates come from one shared, standardised grid, so traders meet in the same markets instead of scattering across thousands of one-off contracts.
How it works in detailOptions are a $10+ trillion market in traditional finance, and on-chain they are still scarce, illiquid and permissioned. Stochastic Finance makes them issuable by anyone, on any Chainlink feed, with every position fully backed by the collateral behind it.
An out-of-the-money option costs a fraction of collateral and pays a multiple of it if the move lands — leverage without a liquidation price
Cap downside on a position you already hold. Your maximum loss is the collateral you posted, known before you trade
Positions are ERC-1155 tokens on a public ledger — transferable, composable, and tradeable anywhere that supports the standard
Exercise fees are the protocol's revenue line, earmarked for STFIN holders once the token launches. Swap fees stay with liquidity providers
Options DEX
Stochastic Finance is a decentralised exchange for options on Base. Every option leg trades in its own swap pool against USDC, so you can buy or sell a position at any moment before expiry, straight from your wallet. No order book to fill, no market maker to quote you, no account to open.
Each leg has its own constant-product pool, the same curve as Uniswap V2. Buy with USDC and sell back for USDC, any time until expiry.
The router prices every option from the live Chainlink spot. Trades near fair value pay the 2% floor. Trades that push a pool far from fair value pay more, so stale prices can't be farmed.
All swap fees stay in the pool, with no protocol cut. LP shares are transferable tokens, and anyone can open a pool for any option on the grid.
Every swap carries a minimum-out guard and a cap on the USDC it may spend. If the price or fee moves past it before your transaction lands, the swap reverts and nothing moves.
Option legs are standard ERC-1155 tokens, so you can also send them to any wallet or trade them on any venue that supports the standard. Read how the dynamic swap fee is calculated.
The protocol is live and settling real options on Base. What follows is the token STFIN, the option chain builder and the listings.
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The live contracts are listed in the documentation, verified on BaseScan.
Two people: a derivatives quant and an infrastructure engineer.
STFIN airdrop
STFIN is the protocol's native token, with a fixed supply of 10,000,000 and no further minting. 1% of that supply is set aside for the people who used the protocol first — not for buyers, and not for anyone who showed up after the snapshot.
Post USDC collateral and mint a position. Every option in existence started this way.
Buy or sell either side of an option on the AMM. Volume counts toward eligibility.
Seed a pool and keep it there. Depth held over time is weighted most heavily of the three.
Eligibility is measured from on-chain activity on Base mainnet. The snapshot date and the full criteria will be published here and to the newsletter before the snapshot is taken.
The token is not live yet. No STFIN contract has been deployed and there is no sale, presale or allowlist. Any token, pool or form claiming otherwise is not ours — the airdrop will be announced from this site and our own channels only.