> For the complete documentation index, see [llms.txt](https://docs.carmine.finance/carmine-options-amm/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.carmine.finance/carmine-options-amm/use-cases.md).

# Use cases

Here is a short incomplete list of functionalities/usages that Carmine Options AMM has.

* Gaining profits from token's increase in value with limited risk
* Protection against price drops of crypto assets
* Hedging and protection against impermanent loss
* Protecting against under the water loans
* Hedging portfolio
* Trading volatility
* VIX equivalent
* No liquidation loans
* Hedging and protection against loan liquidation
* Protection against game commodities price drops
* Protection against price drops of NFTs
* Speculation on price decreases with limited risk