I'm thinking of building a smart contract that executes BTCUSD put/call options. Anyone interested in the concept?
It would an example put option would work would be:
- I want to sell a put option. Therefore I freeze a certain amount of BTC/ether within the contract.
- The person who wants to buy the option, pays the price I want to the contract
- Upon the contract expiration, the contract pays off some of the frozen BTC to the buyer, sends the rest & purchase price to the seller.