🐱 ANNOUNCEMENT: Squeeth launch dates!
• Jan 10th - Mainnet Squeeth launch on Ethereum!!
• Jan 24th - Crab strategy launch 🦀
• February / March - Squeeth on L2
One day you're gonna tell everyone you were one of the first to squeeth 😏
Guys if she:
- makes you feel secure
- wants to exercise
- protects you against a breakdown
- becomes more valuable during tough times
- gives you the right, but never the obligation to do something
She's not your girl, she's a put option
1/ We’re excited to announce at we’re live on mainnet at ! For the first time you can protect your
@compoundfinance
deposits against both technical and financial risks at .
🍄 It's the moment we've all been waiting for... Opyn V2 is live on mainnet!
Head over to to try it out
Check out Opyn v2 new features, security & audit details, and more in the latest blog post:
We're super excited to have raised a seed round to build a safer DeFi 🙂
- Hedge your ETH risk and protect your Compound deposits at
- Start building at
- Join the conversation at
We're excited to announce that the Opyn v2 protocol is now integrated on mainnet with market-leading decentralized oracle network
@chainlink
to power the Opyn Oracle module! Opyn v2 protocol went live on December 29th, 2020 with a WETH-USDC options market
1/ We’re excited to launch
@compoundfinance
COMP put options! You can protect yourself if COMP falls to $150 or lower before July 3rd.
New ETH put is live as well! You can protect yourself if ETH falls to $230 or lower before July 10th.
Here is an overview of the incident affecting ETH Put contracts. No other contracts are affected. ~371k USDC was lost. We worked with
@samczsun
to whitehack, securing ~439k USDC. Affected users, please see below. Full post-mortem coming in next few days.
We are excited to announce we will be joining the
@Blast_L2
competition!
Athena has her eyes on Opyn [redacted] on Blast 👀
Tweeting more alpha this week...
The year is 2021. You’re trading squeeth and flerps while saying gm to your favorite anon friends on ct. You spent 2 hours last night talking to someone on discord named smallbraincatperson about convexity and pure gamma. $ETH is $10,000. Life is good.
Here’s our full post-mortem analysis from the Opyn ETH Put Exploit, and most important, the steps we are taking to learn and grow from this as a company. Please let us know if you have any questions or feedback.
Updates on today's exploit: we have the utmost respect & empathy for our early users & want to do right by our community. We will be reimbursing ETH put sellers in full who were affected by the vulnerability. We will have more details re reimbursement process in the next 3 days
Everlasting Options → "Squeeth" (ETH²)
Power perpetuals provide global options-like exposure without the need for strikes or expiries.
Squeeth Squad, LFG 😤
I've been working on a new financial product with
@danrobinson
and the team
@opyn_
: the power perpetual.
If the price of ETH doubles, the ETH^2 power perp 4Xs, the ETH^3 power perp 8Xs, and the ETH^5 power perp 32Xs.
🏛️ Today, we're excited to introduce the new Opyn brand!
Check out our new homepage ↓
Start trading with the new orderbook ↓
Read about our new brand ↓
🎉 Partial collateralization is live on mainnet!
🚀 Enhanced leverage for short options
🤑 Sell MORE options to generate HIGHER yield
📊 Commit less capital, allowing more portfolio flexibility
This is a major capital efficiency improvement for DeFi 🥳
We're hyped to announce Opyn's next product: the Zen Bull Strategy!!🧘♀️🐂
Zen Bull allows users to stack ETH while maintaining 1:1 ETH exposure (delta = ~1)
The strategy performs best in zen (calm) markets when the price of ETH increases slowly!
1/ We’re excited to bring you a new series of ETH protection, allowing you to protect yourself if ETH falls to $150 or lower before April 24th, completely trustlessly at !
Squeeth is a major innovation for DeFi derivatives:
In short, Squeeth makes options perpetual and is a very effective hedge for Uniswap LPs and 𝑎𝑙𝑙 ETH/USD options.
Read more:
Tomorrow we're launching the first Squeeth Strategy: The Crab Strategy 🦀
The strategy is ideal for sideways market conditions when the price of ETH fluctuates within a relatively stable range with periods of low volatility
Earn Squeeth funding on ETH deposits with one click
🐱 Squeeth is a DeFi-native option.
Four ways to Squeeth:
• Long Squeeth
• Short Squeeth
• Automated Squeeth Strategies
• Uniswap v3 SQTH-ETH Liquidity Providers
🧠🧵👇
1/ We’re excited to launch new $YFI, $BAL, and $WETH put options and a $ETH call option!
-
@iearnfinance
Oct 2 $25000 Put
-
@BalancerLabs
Oct 22 $22 Put
- WETH Sep 18 $380 Put
- WETH Oct 30 $360 Put
- ETH Oct 30 $500 Call
🏛️ We're launching the first-ever partially collateralized options in DeFi on June 29! Even more capital efficiency 👀
What questions do you have?
We want to create the most helpful tutorials and Youtube videos! 🤓📈
Does somebody have a red flag? Because you just summoned THE BULL.
Terrible jokes aside, Opyn is pleased to announce its newest automated squeeth strategy: the Zen Bull 🧘♀️🐂
You’re going to want to read this 👇
🦀 Excited to announce the automated Squeeth Crab Strategy is now live!!
The strategy makes money in crab markets - when ETH is moving sideways, like a crab 🦀🦀🦀!
LFC! 👉
New protocol coming SOON™️
It’s a perp protocol, which may initially elicit a sigh since there’s a million perp protocols these days – all with incremental improvements to the status quo.
But this perp protocol is truly unlike any other perp protocol out there. It enables so so
🎉Opyn has surpassed 2.5 BILLION in cumulative notional trading volume and $200m+ TVL! 📈
We're focused on building the options infrastructure for DeFi derivatives so anyone can launch products with underlying options strategies. This also applies to building on Squeeth 👀
Automated covered call strategies have been taking off in DeFi recently, offering users 30% - 40%+ projected APY on ETH & BTC deposits.
Yesterday,
@StakeDAOHQ
hit capacity for its ETH & BTC Covered Call Vaults 📈
What are covered calls, and why is it a popular strategy? 🧵👇
1/ Buy or sell ETH protective put options today at
What does Opyn’s protection on ETH give you?
- Security against ETH volatility
- The ability to safely manage your ETH business finances
- Peace of mind for new ETH holders
1. We wanted to share a few updates with Squeeth nation.
The team has been heads down designing and building for close to a year now on what is to become the next frontier for Opyn.
A frontier into a new world… PerpWorld. 🌎📈
1/ These past two weeks we have stress tested the protocol, implemented robust monitoring, reviewed our internal testing processes. After these improvements, we are reinstating the options schedule w/ ERC20 options only.
Two new ERC20 options are live today (YFI, WETH).
1/ Opyn v2 is currently in audit! While it’s being audited, we’re hyped to introduce v2's exciting improvements. You can already start learning about and developing on v2 today!
Additionally, we are excited to announce the Opyn v2 Bug Bounty:
gm to everyone planning to build on top of Squeeth
• Teams building yield strategies
• Lending protocols
• Arb bot devs
• Active Uniswap v3 liquidity managers
Coming Soon: Eth Put Option oTokens (oETH). Protect yourself against ETH volatility with Opyn!
Keep the upside, protect yourself against the downside!
Interested in beta-testing downside protection on your ETH, or providing protection to others? join
🗣️ CRAB v2 EARLY ACCESS SIGNUP TODAY 🦀
Bypass the caps on crab v2!
FOR A LIMITED TIME crab v1 depositors will be able to sign up for early access for crab v2.
This will guarantee your spot in crab v2 right when it drops!
Everything you need to know 👇
1/ We’re excited to launch new $CRV, $COMP and $WETH put options!
-
@CurveFinance
$3 Sept 25th CRV put option
-
@compoundfinance
$150 Sept 25th COMP put option
- $370 Sept 11th WETH put option
- $360 Dec 25th WETH put option
Thanks to those of you who contributed to the polls!
1/ 🚨 Opyn has officially passed $100 MILLION in volume & just recorded our highest week in volumes & users! This is just the beginning. A trusted options protocol is critical to unlock
#DeFi
's true potential & we're committed to building a better, more inclusive financial system
🎉 Opyn has surpassed 1 BILLION in cumulative notional trading volume and sits just shy of $100m TVL!
1,000,000,000 is a big number, but this is just the beginning.. We're working on some exciting new things, so reaching 10 billion might come sooner than you think 😏 LFG
We are excited to announce a regular oToken schedule. Every Thursday evening (PT), we will launch a near ATM put on ETH expiring in 2 weeks (Friday expiry). We will help bootstrap the markets for at least the next quarter. We will also run a poll to launch experimental oTokens!
Crazy! Today is the last Friday on earth without audited squeeth contracts.
Problems squeeth solves for derivatives in DeFi:
• Strikes and expiries in options
• Fragmented liquidity
• Liquidation risk with leverage
• Sustainable yield
Time to innovate and evolve 🧠👇
1/ 🥳 Date is set, partial collateralization is launching on June 29!
Inspired by reg T today we introduce the first-ever on-chain margining system for vanilla options, which is superior in its capital efficiency to any other proposed in DeFi
Details ↓
Opyn just hit $2.8mm in notional volume with $860k in daily notional volume yesterday! Protect yourself against ETH flash crashes and volatility today at
We're launching limit orders this week on !
By using limit orders, traders are allowed to specify a set price where they are willing to buy or sell options rather than buying or selling based on current market prices.
Placing limit orders will be free
1/ Calling all DeFi BUIDLers — we wanted to share some ideas for building with options (oTokens) in DeFi!
We’re super excited to be sponsoring
@ETHGlobal
ETHOnline! We’re offering prizes for building on Opyn v2. Hackers will get early access to v2 👀
🌱 We're hiring!
We're looking for a Community Manager to take the lead growing Opyn's community and working closely with the product and engineering teams to improve UX.
Req: 1 yr exp in DeFi, empathetic, gets the vibe, brings the memes, likes the squeeths. That’s it!
Hey all, it seems like there has been an issue with some oTokens contracts. We are working hard on understanding this issue so we can let help users as best we can. We have removed liquidity from Uniswap in the mean time. Would be best to not open new vaults at the moment.
Announcing the next Opyn OG
@poapxyz
: Crab Auction POAP 🦀🤓
The OG Crab Auction POAP will be awarded to users who educate themselves about the Crab Strategy Auction, which occurs every MWF at 16:30 UTC @
Eligibility 👇
In light of current market volatility, we are restricting transactions for certain securities to position closing only, including $AMC and $GME. Read more here.
🐱 ANNOUNCEMENT: Squeeth launch dates!
• Jan 10th - Mainnet Squeeth launch on Ethereum!!
• Jan 24th - Crab strategy launch 🦀
• February / March - Squeeth on L2
One day you're gonna tell everyone you were one of the first to squeeth 😏
🦀 Crab v2 contracts have been sent to audit! The strategy will launch in July 🛳️
• New Hedging Mechanism
• ETH or USDC Deposits
• Partial Fills of Hedges
• Variable Hedging Frequency
• Better Crab Memes
Crab v2 will have an increased capacity so more people can squeeeeth!
1/ New series of ETH protection is live! You can protect yourself if ETH falls to $240 or lower before June 19th.
Thanks to those of you who contributed to the poll. ETH call options was the winner and will be released in the next two weeks :)
🥳 We're launching the first-ever partially collateralized options in DeFi TOMORROW!
Partial collateralization means you can use less collateral to sell options. In other words, partial collateralization allows you to sell MORE options and generate HIGHER yield.
Cheat sheet 👇