A Game of Premiums Through A Myriad of Complexities! — A Deep-Dive into On-Chain Option ProtocolsAre Decentralized Derivative Markets the New Meta? *On-chain derivatives are a tough nut to build. From pricing mechanisms to assimilation of collateral in the engine — everything has to be done in a sophisticated manner to ensure liquidity in the system. The work doesn’t end at maintaining liquidity, you have to keep it from getting fragmented. Market sentiments go south, and that fragmented liqu...