what's Kodachi?

Kodachi is a decentralized cross-chain options and perpetuals trading platform designed to enable advanced derivatives trading in the DeFi ecosystem. It allows users to trade options and perpetual futures across multiple blockchains, providing liquidity providers and traders with tools to hedge risks and speculate on asset prices without centralized intermediaries. The platform integrates with existing DeFi protocols like SushiSwap, particularly on networks such as Katana (the DEX on Ronin), where liquidity providers can sell call and put options on their positions while continuing to earn swap fees. This enhances yield generation by layering options strategies on top of existing liquidity provision, optimizing capital efficiency. Kodachi's architecture leverages automated market makers and primitive contracts to facilitate these trades, supporting cross-chain interoperability to bridge liquidity between ecosystems. It aims to democratize access to sophisticated financial instruments typically available only on centralized exchanges.

Kodachi is listed as a cool app on the Katana platform alongside other DeFi protocols.