DeFi options protocol's TVL dropped significantly over the past three months since the collapse of Terra/Luna and amid a series of crypto platforms' liquidations and withdrawal freezes.
Albeit this, the three protocols we highlighted in our first note have shown no signs of slowing down in terms of launching new updates and products.
DeFi options protocols are still at the beginning of their development and need to see to some of their own issues before being able to challenge CeFi/Deribit.
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