Everlastings are options that never expire (∞) and that constantly readjusts its strike price so that traders can be exposed to options without the need to select a strike, select an expiry time, or manually roll over their funds at expiry. They bring the power and efficiency of perpetuals to the world of options.
The everlasting market is powered by a decentralized Serum orderbook, with a backstop vAMM liquidity engine.
You can learn more about everlastings here.

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