# Protocol Overview

Revolutionary stock options trading protocol with infinite liquidity, efficient option pricing, and low fees.

### Let's start by outlining how people traditionally think exchanges function

<figure><img src="/files/GPOAgdxpnOZ4YsRyHutu" alt=""><figcaption><p>Individuals trading Over-the-Counter (P2P)</p></figcaption></figure>

Although there was a period when individuals traded one-on-one, this form of trading was extremely illiquid and both buyers and sellers had to wait to match their orders. The system needed change.

### How it really works

<figure><img src="/files/jIjyWPpTtZBQMg2nx7OI" alt=""><figcaption><p>Exchange with Market Makers</p></figcaption></figure>

Market Makers were formed to create liquidity in markets, profiting between the bid and ask spread. They however started exploiting this power, manipulating market prices by trading the underlying asset until the contracts they held were in profit, screwing over the retail trader, and even going as far as halting trading when they were in a loss.&#x20;

### Our model to take over

<figure><img src="/files/DEUeZl94TKUl7zE9Y9a7" alt=""><figcaption><p>Project Kairo</p></figcaption></figure>

By leveraging decentralized technology, we want to create a world in which anyone, anywhere can have access to a fair financial system.&#x20;

* With option contracts being priced fairly.
* Maximum liquidity for traders and minimal exposure for liquidity providers.
* No halting of trading.
* No KYC or registration required.
* Trustless, permissionless, borderless DAO.
* From trading TSLA calls to SPY puts by simply connecting your wallet.


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