Unlike traditional options, which often involve complex pricing models, margin requirements, and centralized intermediaries, Dibs is a simplified, DeFi-native solution:
✅ No centralized control – Fully decentralized and peer-to-peer
✅ No unnecessary complexity – No order books or Greeks only simple price-locking mechanics
✅ Trade RWAs, not just stocks & crypto – Secure assets like gold, real estate, and collectibles

Your loss is capped at the upfront amount (premium) you paid to secure your Dibs. Unlike full ownership, you never lose more than your initial stake, giving you built-in downside protection.

Yes, you can trade the Dibs itself till expiry and on expiry the holder can can choose to exercise it for underlying.

In order to redeem your Dibs on the date of expiry, you need send in the strike price multiplied by lot size (i.e exercise amount) for asset with the NFT and receive the lot size. Once done you need to submit the form here: https://lnk.polytrade.finance/dibs_redemptionform

There’s a small upfront cost (premium) to secure a Dibs position, which varies based on the asset. Additionally, if you choose to exercise your Dibs, standard settlement fees may apply. There are no hidden fees or intermediaries.

You can buy or sell the dibs itself, but you cannot exercise it for the underlying. Dibs can only be exercised on the expiry date.