OpenDelta Profile Banner
OpenDelta Profile
OpenDelta

@opendelta_

618
Followers
10
Following
1
Media
18
Statuses

A yield-bearing synthetic dollar for the Bitcoin ecosystem.

Joined September 2023
Don't wanna be here? Send us removal request.
Pinned Tweet
@opendelta_
OpenDelta
14 days
Today we're happy to announce our $2.15M pre-seed round, led by @6thManVentures ! OpenDelta is developing USDO, a yield-bearing synthetic dollar for the Bitcoin ecosystem.
Tweet media one
13
8
37
@opendelta_
OpenDelta
11 days
What is OpenDelta? OpenDelta is building USDO, a synthetic dollar for the Bitcoin ecosystem. Users can mint USDO using BTC as collateral. That collateral is then hedged to create a delta-neutral position that is stable in dollar terms. USDO is minted in proportion to the…
2
3
8
@opendelta_
OpenDelta
7 days
USDO is a synthetic dollar for the Bitcoin ecosystem, which means our goal is to ultimately have it available across all layers and asset protocols. But USDO will be available first via Runes. Why Runes? Runes are emerging as one of the premier fungible token standards on…
2
1
7
@opendelta_
OpenDelta
14 days
USDO will launch first on Bitcoin's mainnet via the Runes protocol. Ultimately, however, we'll launch across a number of different asset protocols and layers in the Bitcoin ecosystem. Our goal is to become the synthetic dollar of choice for users of Bitcoin and its layers.
2
1
5
@opendelta_
OpenDelta
14 days
We've got a lot more announcements coming in the very near future as we approach launch! If you'd like to stay in the loop, you can sign up for updates on our website below!
0
1
4
@opendelta_
OpenDelta
9 days
One of the core features of OpenDelta's infrastructure is our use of off-exchange settlement. Users deposit BTC to mint USDO, and OpenDelta uses that BTC to enter into a hedged position on a derivatives exchange. But, that BTC doesn't actually sit on the exchange. Instead,…
1
1
4
@opendelta_
OpenDelta
10 days
@BOf3rp We use BTC as collateral rather exclusively. Ethena generates additional yield from the use of sETH (which introduces additional duration and smart contract risk). We will also tokenize across various BTC-native layers to provide synthetic dollars to the Bitcoin ecosystem.…
0
0
1