What makes Divergence unique:

• True Decentralization: No centralized authority deciding on options pricing. Buyers and sellers collectively price volatility via bonding curve.
• Ultimate Composability: Capability to support ANY asset as options underlying, collateralized by ANY fungible ERC-20.
• Freedom of Choice: LPs of ANY size get to set the terms and determine EXACTLY what binary options are sold — underlying assets, collateral, strike price, expiry & open price of a new term.
• Ease of Use: In ONE step, create an AMM pool trading binary options that are auto-exercised and auto-rolled over.

The DIVER token has three major uses initially. More use cases will be added and introduced per development of the project and platform:

1) Staking

Token holders who stake DIVER tokens will be eligible to claim, on a periodic basis, a certain percentage of protocol fees that go into the fee pool.

2) Buy Back & Burn

A portion of protocol fees will also be swapped for DIVER and taken out of circulation to create deflationary pressure and support the token.

3) Governance

Token holders can vote to determine relevant parameters of the platform, including fee rates, introduction of new supported underlying assets, and more.