# Options Primer

Night.win is not an options trading platform.&#x20;

Night.win is a new token model that uses concepts pulled from AMMs, on chain options platforms like Lyra, and mathematical finance to modulate token supply based on an option like mechanic.

Nevertheless we employ a great deal of options terminology within this document. So the team decided it might be useful to include this primer.

This was adapted from the Options Primer found in the [Lyra docs](https://docs.lyra.finance).  But only includes information relevant to our project.&#x20;
