Dymmax is a novel protocol aiming to build a decentralized platform for options emission and secondary circulation. Dymmax is based on a well-studied parimutuel model allowing to issue options without a seller. Buyers of various option types (PUT CALL IRONFLY) form a joint bank which is guaranteed to be sufficient for expiration payments. The price of every option type is calculated off-chain when all bets are done for maximum auction efficiency. All matched orders are tokenized in the form of ERC-20 tokens providing a way for the secondary market. New at-the-money optionsсобе with the same expiration day are issued every day supplementing existing supply and increasing liquidity.DMX is the native utility token that is used for: Increase Cashback from trading commissions Voting for new options Voting on DYMMAX development paths Staking to participate in the liquidity pools