KAKI is a decentralized options protocol built on Arbitrum. Our mission is to lower the threshold of options and allow more retail traders to enjoy options. The options prices on KAKI are from BS mode, and the spot price is generated by spot transactions rather than oracle feed because the automated market-making mechanism is used for spot exchange. KAKI team is devoted to achieving a writer market-making and decentralized options exchange, which can simultaneously hedge Delta risks and recycle options.