Does Hook use oracles?
No, the options are oracle-free! The results of the settlement auction determine whether an option ends up in or out of the money. Because of this, any NFT (even 1/1's) can have call options written on them.
Our vBid product does depend on a floor price oracle; however, you can safely use the protocol oracle free as long as you don't make vBid offers, even when you accept a vBid offer for an option.
Does Hook charge fees?
Hook does not charge fees on the protocol level, however, there is a 10% fee on options sold through its' marketplace on https://app.hook.xyz/.
Has Hook been audited?
Yes! We've been audited by Sherlock and are insured up to $2.5m. A copy of our audit can be found here.
Hook's bid pools (vBids) were recently audited by Zach Obront.
I discovered a bug/vulnerability. Who should I report it to?
Please join our Discord and open up a 'Help' ticket.
I want to write a call option on my NFT, but it's not a supported collection. Can it be added?
Yes, we're always looking to add new collections based on our community's feedback. Please join our Discord and open up a 'Help' ticket.
Updated 4 days ago