1️⃣ How Hypersurface Actually WorksThere has been increasing interest in how on-chain options liquidity is created and how Hypersurface operates under the hood.👇 This post breaks down the mechanics. -2️⃣ How options liquidity works in traditional marketsIn OTC options markets, liquidity is not passive.When a user sells an option, a desk takes the other side and replicates the payoff through delta hedging.This process requires collateral to secure the position and capital to hedge directional ex