Currencies32936
Market Cap$ 2.58T-2.27%
24h Spot Volume$ 81.05B+37.5%
DominanceBTC59.43%+0.07%ETH6.90%-3.75%
ETH Gas0.58 Gwei
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Oiler Network

Oiler Network OILPrice N/A

OIL Price

N/A

General Info

Contracts/Explorers:

Tags (Sub-Categories):

# Inactive

Funds and Backers

Description

Oiler Protocol provides instruments for trading / betting on changes in blockchain protocol parameters.

Oiler Network (OIL) Chart

Oiler Network price Index provides the latest OIL price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

IDO

6 May 2021 — 8 May 2021

Raised

N/A

Price:

$ 0.750

Tokens For Sale:

1,775,000

Platform:

N/A

ATH ROI:

4.1x  +310.1%

Additional Data

ATH Market Cap

$ 2.99M

Max Supply

OIL 100,000,000

Total Supply

OIL 100,000,000

IDO ROI

100%

0.00x

IDO Price

$ 0.750

8 May 2021

All Time High

$ 3.08

1 Jun 2021


All Time Low

$ 0.0212

26 Dec 2023

Trending Oiler Network Fiat Pairs

What is Oiler Network (OIL)?

Where does the name come from?

Oiler historically is a person working on an engine of an industrial mechanism. It is a tribute to hard working protocol engineers and builders. It is also a word play on oil (Ethereum gas), and Euler name. It combines tireless engineering work, gas trading and mathematics behind finance.

Instruments

While we are waiting for EIP-1559, Oiler delivers the initial set of instruments — binary options for hashrate, block gas limit and block times. They are fully collateralized — each option contract locks 1 USDC until option expiry or exercise (whichever comes first). Important thing to notice is that Oiler does not deliver a ‘gambler’s type’ binary options that have the strike price set at the current market price (so you would only bet about the direction of the price move at the given moment). Oiler delivers binary options in the format as they are known in TradFi — the strike price is set away from the current market price and the holder of the option receives a 0 or 1 USDC payout depending on whether the strike price is reached before the expiry. Because of this 0 or 1 payout, the binary options are also called digital or cash-or-nothing options.

Option Types

Based on price movement direction and the behaviour around the strike price:

Based on the behaviour dictated by the underlying:

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