Solana DeFi Protocol Delta One Raises $9.1M to Offer Crypto Options Trading

The Delta One protocol offers users an automated, low-risk way to earn yield by investing in baskets or vaults of crypto options, a type of derivative that gives the purchaser the right to buy or sell an underlying asset at a set price on a set date. Options trading has long been popular in traditional finance, but the cryptocurrency-backed version has only recently started moving beyond institutions to retail investors, partly due to the complexity.