Oddz

Market position

Oddz positions itself as a multi-chain options and perpetuals venue and aggregator, and states an intention to be the first perpetuals and options platform on Bitcoin Layer 2. Rather than competing purely on its own order flow, it aggregates liquidity from established perpetuals venues such as GMX, Hyperliquid, Aevo and KTX. Publicly tracked token metrics are small, with a market capitalisation in the low tens of thousands of dollars and roughly $59.2K of TVL as reported by CoinMarketCap, and the token trades far below its January 2022 all-time high.

Stated points of difference include offering options and perpetual swaps in one interface, aggregation across multiple perpetuals DEXs for price and liquidity comparison, one-click funding of positions with any held cryptocurrency, clearer presentation of funding rates and their effect on user funds, cross-margin and cross-leverage across protocols via off-chain position management, self-custody, customizable option parameters, zero gas fees for options trading, and an embeddable options UI for partner platforms.

Technology

The platform executes derivatives contracts on-chain across EVM networks, with the site citing Base and Arbitrum and planned Bitcoin Layer 2 deployments, and documentation citing Ethereum, Avalanche, Binance Smart Chain, Polkadot and Polygon. Design elements described include an aggregation and smart-execution layer that sources liquidity from external perpetuals DEXs, an in-built oracle for real-time market data, account abstraction, layer-2 and relayer approaches to reduce latency and gas costs, self-custodial position management, and off-chain position management intended to support cross-leverage across protocols. Contracts, a public GitHub organisation, an audit page and a bridge are referenced; an ERC-20 ODDZ contract is deployed on Ethereum.

Go-to-market

Distribution combines a direct web application for options and perpetuals trading with an integration package that places the Oddz options interface inside partner platforms. Ecosystem partner and backer sections appear on the site, and community channels include Telegram, Twitter/X, Discord, Medium and GitHub. Token distribution began with an initial DEX offering in March 2021 and included seed, private, early-supporter and public sale allocations, with staking rewards and referral bonuses used as user incentives.

Retail and self-directed crypto derivatives traders seeking options and leveraged perpetual exposure without custody or KYC requirements; liquidity providers and token stakers; and third-party DeFi platforms and exchanges that want to add options trading for their own users through the Oddz DEX package.

Geography

The site is operated under Corvell Labs Pvt Ltd; the leadership described in public coverage is India-based, and the founder holds an engineering degree from the Global Academy of Technology. The protocol itself is accessible globally and non-custodial with no KYC requirement.

History

Founded in late 2020 as a multi-chain options and derivatives protocol, Oddz published its whitepaper on 1 March 2021 and held an initial DEX offering on 18 March 2021. Early documentation described a trustless options, conditional-trade and futures platform spanning Ethereum, Avalanche, Binance Smart Chain, Polkadot and Polygon. The ODDZ token reached its all-time high in January 2022. The product subsequently expanded into perpetual swaps, with a 2024 roadmap covering integrations of GMX, Hyperliquid and Aevo (May 2024), KTX (August 2024), a native Oddz perpetuals chain testnet (October 2024) and a perpetuals chain mainnet plus native perp aggregation in Q1 2025.

Risks & controversies

Publicly tracked token metrics indicate very limited liquidity and scale: a market capitalisation of about $12.95K, reported 24-hour volume of $0, and a price roughly 100% below the January 2022 all-time high, with the all-time low recorded in March 2026. TVL is reported at about $59.2K. The protocol carries a CertiK rating of 3.2. Several roadmap items, including the native perpetuals chain and Bitcoin Layer 2 deployment, are stated as plans rather than delivered products, and the developer documentation was last updated four years prior to retrieval.