Create a Thetanuts AMO to provide liquidity directly to Thetanuts' options vaults

Governance Proposals AMOs
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  1. You’re absolutely right most users will use the AMM. This is a behaviour we observe from wallet analytics on different vaults for different projects based on deposit sizes.

  2. The individual option vaults are not tokenized. In this frax AMO, we are aggregating several sub vaults and minting an Index token that represents its fair value. It is not using black scholes.
    each vault can be expressed as: Value of underlying + aggregated premiums accumulated.
    Therefore the value of the index position is: value of underlying + total aggregated premiums accumulated across all sub-vaults.

i hope this was useful, more product explanation content will be launched on Thetanuts Medium in the next two weeks