Panoptic vaults
About Panoptic
Decentralised trading platform, built on top of Uniswap, that lets people trade options on crypto assets that never expire.
The current listing contains $100.6K TVL in 2 vaults with a TVL-weighted average APY of 0.0% (annualised, last 30 days).
Panoptic is a decentralised options trading protocol founded in 2022 by Guillaume Lambert, an applied-physics professor at Cornell University, together with Jesper Kristensen. It grew out of academic research: Lambert's paper describing a perpetual, oracle-free options protocol was published in 2022, and the idea was supported by one of the first grants awarded by the Uniswap Foundation, which allowed him to take a sabbatical from Cornell to build it.
The project attracted early backing from well-known names in crypto and traditional finance, raising around 11.5 million U.S. dollars across two seed rounds — one in 2022 led by gumi Cryptos Capital and one in 2023 led by Greenfield Capital — with participants including Uniswap Labs Ventures, Coinbase Ventures and Jane Street.
Panoptic is best known for pioneering perpetual options — options that never expire — built directly on Uniswap's liquidity. After an extensively audited testing phase, it went live on Ethereum in December 2024 and has since expanded to other networks such as Base and Unichain.
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
POPT-V1.1 USDC LP on ETH/USDC 5bps Panoptic | 0.0%* | 0.0%* | 0.0%* | --- | 0.0% | 0.0% | USDC | $10.14K $623.50K | 1.4 | --- | Unknown | Unknown |  | ||
Return Finance USDC Vault Panoptic | --- | --- | 0.0%* | --- | 0.0% | 0.0% | USDC | $90.42K $90.42K | 0.04 | --- | Unknown | Unknown |  |
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