
Panoptic
Panoptic is a novel onchain options protocol built on Uniswap and the premise that LP = Options. Panoptic unlocks a new revenue stream for LPs by lending out LP tokens to option buyers, who pay a premium on top of Uniswap fees. Panoptic boosts capital efficiency by allowing LPing on leverage and hedging directly in‑protocol through bullish, bearish, or delta‑neutral LP positions. LPs can also be passive by depositing single-sided tokens to earn lending fees without impermanent loss. Backed by: Uniswap Labs Ventures, Uniswap Foundation, Coinbase Ventures, Jane Street. Offering 5–7%+ APR on USDC, ETH, and BTC deposits—no impermanent loss. Earnings come from passive lending to Uniswap LPs on Panoptic. Offering 25–112%+ APR on ETH/USDC via: (1) Uniswap fees (21–95%) and (2) Panoptic streaming premia (4–17%) from lending LP positions—up to 3× Uniswap returns.