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# Why will retail and professionals love DBOE?

**Demand side**

* Directional (bullish) speculation
* Hedging (downside protection)

Pros

* Cheaper payout driven by price range speculation
* Flexibility to extend the speculation range simply by buying contiguous DBOE options
* No risk of Auto-Deleverage (ADL)

Cons

* Might require some education at first
* Multiple trades needed to replicate a regular option

 

**Supply side**

* Underlying holders sell to enhance yield
* PTGs can be market makers or liquidity providers

Pros

* Higher flexibility when risk is broken into smaller chunks
* Lower collateral required when compared to other DEXes
* Built-in hedge (no execution basis risk)

Cons

* Slightly more complicated to price
* Thin premium for far OTM options might be less appealing to sellers