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sBTC Options Protocol Implementation#1

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adeshola-code wants to merge 4 commits intomainfrom
feature/add-contract
Open

sBTC Options Protocol Implementation#1
adeshola-code wants to merge 4 commits intomainfrom
feature/add-contract

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Overview

This PR introduces a comprehensive implementation of the sBTC Options Protocol, a decentralized platform for Bitcoin options trading on Stacks. The protocol leverages sBTC for collateral and settlement, providing a secure and efficient way to trade Bitcoin options.

Key Features

  • Secure options trading with automated settlement
  • Seamless sBTC integration for Bitcoin collateral
  • Robust price oracle system with validity checks
  • Efficient balance and collateral management
  • Comprehensive security measures and parameter validation

Changes

Core Protocol Implementation

  • Implemented core trading functions (deposit-sbtc, create-option)
  • Added option lifecycle management (exercise-option, expire-option)
  • Integrated price oracle system with validity checks
  • Implemented administrative functions for protocol management

Security & Validation

  • Added comprehensive parameter validation
  • Implemented strict balance and collateral checks
  • Added authorization controls for different user roles
  • Integrated price validity window checks

Documentation

  • Added detailed README with protocol overview
  • Included comprehensive function documentation
  • Added integration guides and examples
  • Documented security features and system parameters

Impact

This implementation provides a foundation for secure and efficient Bitcoin options trading on Stacks, enabling:

  • Trustless options creation and settlement
  • Secure collateral management
  • Reliable price feeds
  • Flexible parameter configuration

Deployment Notes

  • Requires sBTC integration
  • Oracle deployment needed for price feeds
  • Administrative setup required for initial parameters

Checklist

  • Code follows project style guidelines
  • Documentation is comprehensive and up-to-date
  • Security measures are implemented and tested
  • Error handling is comprehensive
  • Parameter validation is thorough
  • Integration guide is complete

Additional Notes

The protocol is ready for security audit and testing in a staging environment before mainnet deployment.

- Added `update-btc-price` function to update the BTC price.
- Added `get-current-btc-price` read-only function to retrieve the current BTC price.
- Added `set-oracle-address` function to set a new oracle address.
- Included necessary assertions for authorization and parameter validation.
- Implemented `deposit-sbtc` function to allow users to deposit sBTC.
- Implemented `create-option` function to create new options with specified parameters.
- Added necessary assertions for parameter validation and balance checks.
- Updated user balances and option storage accordingly.
- Added `exercise-option` function to allow users to exercise their options.
- Added `expire-option` function to handle the expiration of options.
- Included necessary assertions for authorization, expiry checks, and status validation.
- Updated user balances and option status accordingly.
…idelines

- Detailed overview of the sBTC Options Protocol.
- Description of core trading functions, oracle functions, and administrative functions.
- Explanation of system parameters, error codes, and data structures.
- Security features and integration guide for implementing an oracle and creating options.
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