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Opyn

Opyn is building DeFi-native derivatives and options infrastructure in the DeFi space.

What is Opyn?

Opyn is a decentralized finance (DeFi) platform that provides infrastructure for creating, buying, and selling options on ERC-20 tokens. Founded in 2019 by Nick Sawinyh, Zubin Koticha, and Alexis Gauba, Opyn aims to offer users tools for hedging, speculation, and yield enhancement through options trading.

How Does Opyn Work?

Opyn operates by allowing users to mint oTokens, which are tokenized representations of options contracts. These oTokens can be traded on decentralized exchanges, enabling users to engage in options trading without intermediaries. The platform supports both call and put options, providing flexibility for various trading strategies.

What Makes Opyn Unique?

Opyn distinguishes itself by introducing innovative products like Squeeth, a power perpetual that tracks the price of ETH squared, offering unique leverage opportunities. Additionally, Opyn's integration with protocols like Uniswap enhances liquidity and accessibility for users.

Who Are the Founders of Opyn?

Opyn was founded by Nick Sawinyh, Zubin Koticha, and Alexis Gauba. Their combined expertise in blockchain technology and finance has been instrumental in developing Opyn's options infrastructure.

Latest News

What Key Events Have There Been for Opyn?

Opyn has achieved significant milestones, including the launch of Squeeth, the first power perpetual in DeFi, and securing investments from prominent firms like Paradigm and Dragonfly Capital.

Project Announcements

Opyn continues to innovate in the DeFi space, with ongoing developments aimed at enhancing options trading and introducing new financial instruments.

Upcoming Events

Latest Airdrop

As of now, there is no official announcement regarding an upcoming airdrop for Opyn tokens.

Projects Announcements

Where to Buy Opyn?

Opyn's Squeeth (oSQTH) token can be traded on decentralized exchanges such as Uniswap V3, particularly in the OSQTH/WETH pair.

Opyn Price

Daily Trading Volume

As of June 5, 2025, the daily trading volume for oSQTH was approximately $323.32.

All-Time High

The all-time high for oSQTH was $1,098.20 on January 20, 2022, representing a significant decrease compared to the current price.

All-Time Low

The all-time low for oSQTH was $49.69 on November 22, 2022, indicating substantial growth since then.

Market Cap and Valuation

Market Cap

As of June 5, 2025, the market capitalization of oSQTH was approximately $805,000.

Fully Diluted Valuation

The fully diluted valuation of oSQTH is calculated based on its total supply and current price, providing insight into its potential market value.

Opyn Price Prediction

While specific price predictions for oSQTH are not available, factors such as market sentiment, adoption rates, and overall DeFi market trends are likely to influence its future price movements.

FAQ

What is the Purpose of Opyn?

How Can I Participate in Opyn's Ecosystem?

What Sets Opyn Apart from Competitors?

Is Opyn Secure?

What are the Risks Associated with Opyn?

Community Sentiment

5.76K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.