# What is Jasper Vault?

## Introduction

Jasper Vault is a peer-to-peer interoperable options protocol to drive options for the 99%, making DeFi options intuitive, simple and safe. With the protocol's innovative application of Account Abstraction (AA) technology, Program Derived Addresses (PDAs), and Atomic Swaps via Hash Time-Lock Contract (HTLC), the protocol enables peer-to-peer trading and interoperability between wallets on different chains.

Jasper Vault offers the following:

[**Degen Options**](https://docs.jaspervault.io/welcome/broken-reference) is the 0DTE At-The-Money European options on ETH and WBTC, offering an alternative to perpetual trades. Users don’t have to worry about being liquidated by scam wicks.

## Platform Advantages

#### For Option Buyers

* Trade options with NO Scam Wick 
* Trade swaps via physical delivery of options 
* Trade options in intuitive and beginner-friendly mode

**For Option Sellers**

* Peer-to-pool-to-peer model without counterparty risk via Jasper Vault’s Defi Options Vault (DOV) 
* Earn additional option protocol fees from trading on Jasper Pro