> For the complete documentation index, see [llms.txt](https://docs.antimatter.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.antimatter.finance/antimatter-perpetual-options/core-concept/permission-less-protocol.md). # Permission-less protocol The beauty of decentralized finance is that it allows everyone to build financial products and tools in different ways. The rise of Uniswap proves that a decentralized protocol can fill a large gap of token trading and listing through smart contracts. With the foundation of spot trading being consolidated, there are needs for permission-less protocol for derivatives. Antimatter is designed for permission-less deployment of perpetual options. Anyone can create option markets and customize their option products. To create an option market, the Antimatter protocol requires several parameters: * Target assets (The crypto asset that you want to create option for) * Underlying assets (The reserve assets to back the option) * Price range ( Each option has a price range with price floor and ceiling) {% hint style="info" %} Example: You can create an ETH perpetual option with price range from 100 to 4000 USD. {% endhint %} The option market creation supports various asset types across ERC20, BEP20, HECO etc. The underly assets support basket of stable-coins such as USDT, USDC, DAI, BUSD. The issuance of an option product comes with two tokens: call and put tokens. The call and put tokens can be used to generate, redeem, or liqudity provision to the secondary market. It is important to reiterate that a pool/market simply comprises an autonomous smart contract deployed on the relevant blockchain network, operated directly by users calling functions on it (which allows them to interact with other users and/or pool their own selected assets in a peer-to-peer manner), and with no further control by or interaction with the original entity which had deployed the smart contract. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.antimatter.finance/antimatter-perpetual-options/core-concept/permission-less-protocol.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.