The Binary Options Settlement Protocol, BIOPset, is an audited, on-demand, censorship-resistant, peer-to-pool protocol for transparent binary options trading.
The platform essentially provides liquidity providers ("options writers") with passive returns and empowers speculative traders ("options holders") to profit from forecasting the direction of asset prices.
The protocol is governed by a decentralized autonomous organization ("DAO") called the Settlement DAO.
The latest version (BIOPset Version 4) allows traders to speculate on the price of Chainlink tokens (or LINK) going up or down.
These are the official documents as of April 21st, 2021.
If you have any questions or concerns after reviewing this documentation, please join the discussion on Discord.
If there is anything unclear or out of date, please submit a pull request.