Oddz Review 2026: Perps and Options Aggregator

Oddz is a derivatives platform that began with on-chain crypto options and now describes itself as a perps and options aggregator. Its homepage says users can trade both in one place on Base, Arbitrum and planned Bitcoin Layer 2 networks. DefiLlama lists it under Options on Avalanche and BNB Chain, with a listing date in late 2021.

The main pitch is aggregation. Oddz says it connects to venues such as GMX, Hyperliquid and Aevo so traders can reach deeper liquidity without moving funds between platforms. It also offers liquidity pools where providers earn option premiums, and staking of the ODDZ token for a share of settlement fees.

The activity signals are weak. Tracked TVL is about $59,000, and the token has a market cap reported around $100,000 by third-party price pages. The homepage footer is dated 2024 and the roadmap runs only to early 2025, so readers should confirm what is live. The site is run by Corvell Labs Pvt Ltd, per the footer.

Oddz works on two layers. For options, it began as an on-chain protocol where liquidity providers fund pools and earn the premiums that buyers pay for call and put contracts. For perpetuals, it acts as an aggregator that looks across partner venues and sends a trade to the one with the best terms.

An aggregator does not hold deep liquidity itself. It reads prices from other exchanges and routes orders there, so the quality of execution depends on those partners. The homepage names GMX, Hyperliquid and Aevo, and lists KTX as a planned addition.

The project also talks about managing positions off-chain to enable cross-leverage across protocols, and a native perp chain. These are described as goals on a roadmap, not confirmed features. Staking the ODDZ token is described as a way to earn a share of settlement fees.

Oddz does not publish a fee schedule on its homepage. It mentions optimised trading costs and a share of settlement fees for stakers, but gives no percentages.

Users should expect to see trading fees, funding rates and network gas in the trading interface. Where an order is routed to a partner venue, that venue's own fee structure also applies. Check the quoted cost before confirming any trade.

DefiLlama records two audits for Oddz, and the homepage links to an audit page, but the auditors and findings are not summarised on the homepage. Read the reports directly. The homepage describes self-custodial solutions, yet routing trades to third-party venues means you also take on the contract and liquidity risk of those venues.

The project does not state a regulatory licence on its homepage. Derivatives trading may be restricted where you live, so check local rules. Leveraged perps and options can lose money quickly, and the very low TVL and token liquidity add practical risk if you need to exit.

Oddz is for experienced DeFi derivatives traders who want perps and options from one front end and can judge smart-contract and liquidity risk. It is a poor fit for beginners or anyone who needs deep liquidity and a clear, current roadmap.