> For the complete documentation index, see [llms.txt](https://docs.jaspervault.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jaspervault.io/welcome/what-is-jasper-vault.md).

# 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**](broken://pages/l7jREuriaOaEXH0UhVjW) 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

 


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