Asteria Decentralized Options Protocol (ADOP) is the decentralized Automated Options Market Making (AOMM) mechanism based on the On-Chain Shared Liquidity Pool infrastructure. Through AOMM, ADOP achieves real-time pricing and quantity quotation on customizable option structures and automatic exercising for option settlements. Through ADOP, ordinary investors can benefit from options market making that generally is only achievable by large professional institutions in traditional finance. By staking into Asteria's on-chain shared liquidity pool, operated and protected by ADOP, investors automatically contribute market-making capital and share the benefits. ADOP also implements Delta Hedging as professional risk management, with an Aggregator mechanism to dynamically adjust positions on spot. Perpetual swap and the options market elevates the capital efficiency of the shared liquidity pool, which significantly enhances the system stability and ensures the safety of market makers' capital. Meanwhile, financial engineering technologies such as the Black-Scholes model and dynamic Implied Volatility estimation deploy options pricing and quantity quotations expertly. ADOP also applies the Non Fungible Tokens on ERC1155 protocol to map options participants' rights and obligations and integrate a platform token mining scheme. The ADOP NFT, by its unalterable and transferable nature, will ignite the options OTC market, significantly expanding options trading dimensions and boosting the total market liquidity. In short, ADOP brings the AOMM mechanism on-chain, implementing intelligent risk management and a specialized options pricing model. Using smart contracts and integrating state-of-the-art Oracle and L2 solutions, Asteria is building the next generation of decentralized option trading platforms as Professional as Morgan Stanley and as Straightforward as Uniswap.