🧑‍🏫FAQs

Find answers to some of the most frequently asked questions for Gamma Options protocol.

General

Q: What is the best way to contact Gamma?

A: The best way to contact us is to send us an email at [e-mail]. You can also send as a DM on Twitter.

Q: Are these options European or American?

A: You can trade European options on Gamma.

Q: Does Gamma sell any of my data?

A: No. However, please note that blockchains are inherently transparent, so all your blockchain interactions are accessible through blockchain explorers like Etherscan.

Q: What cryptocurrencies can I deposit?

A: We support USDC and ETH.

Q: What blockchain is Gamma running on?

Right now, Gamma is running on a private blockchain called GammaNet. It's used for practice trading. GammaNet is a private Ethereum blockchain, and we plan to release on Ethereum Mainnet soon. Setting up GammaNet to practice is easy, you can follow our guide to setup GammaNet.

Q: Can anyone see my wallet balance?

A: Yes, through blockchain explorers like Etherscan. Gamma doesn't show user balances to third parties.

Q: How do I know that I will be paid correctly if I make a profit?

Smart contracts make sure that user balances are always correct.

Why doesn't the portfolio page show my delta?

What does value mean?

What happens on the settlement date?

Can I take my options off the platform?

Can I move my options off the platform?

What happens to options after they expire?

How do I find the amount of money I have made or lost?

Who can see my positions?

Can I trade on Gamma as a US citizen?

Does Gamma report my profits to any government agency?

Can I deposit Bitcoin?

Can I trade Bitcoin options?

Can I use tether?

Why is Gamma Options better than Deribit (or other Cefi exchanges)?

Why is Gamma Options better than Lyra (or other Defi)?

How do fees work on Gamma?

Are there any governance rules about how much an option's volatility can move?

Smart Contracts

Does this platform have open access to my crypto wallet?

How do I know that my funds are safe after I deposit them on the Gamma platform?

Does anyone besides myself ever have access to my trading account?

Can anyone ever move my assets without my permission?

Has Gamma's code ever been audited?

What is a smart contract?

Is this exchange safe?

What does address mean?

Where can I find the address of my positions?

Can I use Etherscan to track my trades?

Can I lose more money then I have on the exchange?

Can Gamma go into my wallet without my permission?

How do you calculate gas charges?

What happens if the ethereum network goes down?

What happens if the exchange goes down?

Do we have protection against flash loan attacks (both on Uniswap and Gamma)? If so, how do they work?

Who is the smart contract owner (admin)?

When will the switch to the governance system happen?

User Interface (UI)

What is the bell for?

What does PNL mean?

What is a call?

What is a put?

How does Gamma calculate collateral?

What is mark price?

What is open price?

Can I rearrange the home screen?

How do I hide expirations I don't want to see?

What is IV?

What is delta?

What is QTY?

What is +%5?

What is -%5?

What is VOL?

What is OPEN?

What does yellow health mean?

What does red health mean?

Trading

Can I trade with just USD?

Can I trade with just ETH?

What are my risks when selling a put option?

What are my risks when selling a call option?

Under what circumstances will Gamma no longer allow me to trade?

Will there ever be a time when I cannot close a position myself?

How much leverage am I given as a trader?

Where is the close all button?

What is the smallest amount I can trade?

What is the largest position I am allowed to have?

Can I trade a structured product?

Can I move my positions to another exchange?

How do I download my trade history?

Where do I find my maximum possible loss on a trade?

Where do I find my maximum possible gain on a trade?

Can I trade without leverage to avoid paying margin fees?

Can there ever be a time when there are no markets in an option?

Where do I find all of my open positions?

How do I know my trade was executed?

How can I hedge my positions?

Is there a place I can hedge?

How to trade profitably?

How do I exercise an option I own?

What happens if I get assigned on an option I’m short?

Can I transfer my option tokens?

Can I plug in an API to trade with?

What are different strategies I can use to make money?

What is a covered call?

What happens at expiration of my locked up cash and my left over delta's (positions)?

Market Making (LP)

What is an AMM?

What is an LP?

How does an AMM work?

What are the risks joining the LP?

Does the LP hedge it's delta risk?

Do I earn tokens as part of the LP?

How much leverage am I given as a LP?

What does pool mean?

How do pools work?

Can anyone join a pool?

Does close all also close my LP positions?

What does fee earned mean?

Can I create my own option?

How much money do I need to join a liquidity pool?

What happens when I exit an LP position?

Where do I find all of my pool positions?

How can I create an LP pool as only a scale down buyer of options?

How can I create an LP pool as only a scale up seller of options?

How do I create an LP position where I will only be a (net) buyer?

How do I create an LP position where I will only be a (net) seller?

Margin

Why would I ever be liquidated?

How does the margin system work?

What does it mean to have excess liquidity?

What does borrow rate mean?

What is the borrow rate?

When is my health to low?

Where can I find the amount of USD that I am allowed to move back to my wallet?

What does excess liquidity mean?

What does liquidation price mean?

What does Borrow Rate mean?

What does health mean?

Where can I find the amount of money I am borrowing?

Where can I find the amount of ETH I am borrowing?

What happens to options after they expire if I have moved them off the platform?

Why can't I move my excess liquidity off the exchange?

What does debt mean?

What does net liquidity mean?

How much can I borrow?

Who is liquidating my positions?

How does liquidation work?

How do I liquidate a position?

Is there a liquidation pool I can join?

How does Gamma liquidate my position if I have moved them off the exchange?

How can I get my health back to green?

How do I calculate my daily margin?

Can I collect interest?

How do I deposit funds?

How do I deposit Eth?

How do I get started?

What is an option?

What does expiration mean?

Where can I download settlement and liquidation bots?

How do I run settlement and liquidation bots?

What happens if I get liquidated?

Lend

Do I earn tokens as part of the margin pool?

Is there an Insurance pool?

How does the Insurance pool work?

How do I make money joining the Margin pool?

What is my risk in joining the margin pool?

What does redeem mean?

What does repay mean?

How do I use the repay button?

Troubleshooting

I am missing positions?

I don't see my positions?