Contract Specifications

	BNB Options	SOL Options
Denomination currency	ERC20 USDT	ERC20 USDT
Option Exercise	European style (An option may be exercised by the buyer only at expiry) Post expiry, Short Option holders need to claim back the left-over collateral and Long Option holders need to claim the value of their Long Option via DBOE website or directly via DBOE’s Clearing Smart Contract	European style (An option may be exercised by the buyer only at expiry) Post expiry, Short Option holders need to claim back the left-over collateral and Long Option holders need to claim the value of their Long Option via DBOE website or directly via DBOE’s Clearing Smart Contract
Settlement Basis	Cash	Cash
Contract Size	1 BNB	1 BNB
Strike Price Intervals	$10 interval DBOE will list At-the-Money (ATM) strike put and call options and the next twelve strike prices above and below the ATM strike. ATM strike refers to the strike price nearest to the level of the underlying price on the listing day.	$10 interval DBOE will list At-the-Money (ATM) strike put and call options and the next twelve strike prices above and below the ATM strike. ATM strike refers to the strike price nearest to the level of the underlying price on the listing day.
Protection Range (%) (over spot price as of listing time)	For example, given underlying price of $250, protection range will be $50	For example, given underlying price of $250, protection range will be $50
Minimum Price Fluctuation	0.001	0.001
Contract Listing	Three nearest weeks	Three nearest weeks
Last Trading Day (LTD)	Last Friday of the week	Last Friday of the week
Last Trading Time (LTT) on LTD	3 pm GMT (11 pm SGT)	3 pm GMT (11 pm SGT)
Final Settlement Price	The underlying price will be the arithmetic average of three (3) price snapshots prior to the LTT on LTD. DBOE will query for five (5) price snapshots prior to the LTT on LTD and pick the remaining three (3) snapshots after removing the minimum and maximum from the five. DBOE reserves the right to amend this algorithm depending on prevailing market conditions in order to offer fairness and transparency to all market participants.	The underlying price will be the arithmetic average of three (3) price snapshots prior to the LTT on LTD. DBOE will query for five (5) price snapshots prior to the LTT on LTD and pick the remaining three (3) snapshots after removing the minimum and maximum from the five. DBOE reserves the right to amend this algorithm depending on prevailing market conditions in order to offer fairness and transparency to all market participants.