threesigma.xyz/blog/defi-options-landscape
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European options can only be exercised or settled at the expiration date
Orderbooks, AMMs, Structured Products, and AMM Powered
American options can be exercised anytime before expiration
Bermudian options can be exercised at specific pre-expiration dates
At expiration, asset-settled options deliver or exchange the underlying asset, while cash-settled options use cash or stablecoins.
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