12 Watchlists
DeFi
OIL Price
Contracts/Explorers:
Ethereum
Funds and Backers
Wallets
No wallets found yet
Oiler Protocol provides instruments for trading / betting on changes in blockchain protocol parameters.
IDO
6 May — 8 May 2021
Raised
N/A
Price:
$ 0.750
ROI:
0.04x -96.3%
Platform:
N/A
ATH ROI:
4.1x +310.1%
Market Cap
$ 839.69K
FDV
$ 2.77M
ATH Market Cap
$ 2.59M
24 Trade Vol.
$ 3.25K
Vol. (24h) / MCap
0.00387
Max Supply
OIL 100,000,000
Total Supply
OIL 100,000,000
Circulating Supply
OIL 30.34M
(30.3% of Max Supply)
Listing Date
6 May 2021
IDO Price
$ 0.750
8 May 2021
IDO ROI
0.0369x
All Time High
$ 3.08
1 Jun 2021
All Time Low
$ 0.0212
26 Dec 2023
From ATH
From ATL
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:
Oiler Network's All Time High (ATH) of $ 3.08 was reached on 1 Jun 2021, and is currently -99.1% down.
The current circulating supply of Oiler Network is 30.34 Million tokens, and the maximum supply of Oiler Network is 100.00 Million.
Oiler Network’s 24 hour trading volume is $ 3.25 Thousands.
Oiler Network's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 839.70 Thousands.
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