Description of the Eonian Option
The Eonian Option is a type of perpetual option we created in which the user can select the strike price and number of contracts included in the option. The concept of an everlasting option can be visualized as a collection of infinite options, all having the same strike, but with one-day expiration intervals. As a result, the basket of an everlasting option comprises 50% of an option that expires the next day, 25% of an option that expires the day after that, 12.5% of an option that expires three days later, and so on. Hence, the Eonian Option can be deemed as either a Call or a Put Option, but without an expiration date.
Eonian Options can be represented as follows.
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