# 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)

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Example: You can create an ETH perpetual option with price range from 100 to 4000 USD. 
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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.