Opyn protocol
Overview
Opyn is a decentralized options protocol built on Ethereum. It allows users to create, buy, and sell options using ERC-20 tokens called oTokens. The protocol enables margin trading and on-chain settlement of options contracts.
Within the DeFi Intel graph, Opyn connects to 4 tracked entities, most strongly to Ethereum, Squeeth, Lyra Finance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 90% |
launched | Squeeth | 85% |
competes_with | Lyra Finance | 70% |
competes_with | Panoptic | 70% |
More on Opyn
Frequently asked questions
What is Squeeth?
Squeeth is an Opyn product that gives traders convex, gamma-like exposure to an asset, offered alongside the protocol's perpetuals.
What is Flo?
Flo is Opyn's automated market-making vault, allowing passive liquidity providers to earn trading fees from the protocol's markets.
Is Opyn custodial?
No. Opyn describes its design as non-custodial, permissionless and immutable.
Sources
Facts on this page were verified against the following sources.