|All Time High:|
|Market Cap: |
|The price of #OPIUM today is $0.08 USD.|
The lowest OPIUM price for this period was $0, the highest was $0.077, and the current live price for one OPIUM coin is $0.07728.
The all-time high OPIUM coin price was $21.44.
Use our custom price calculator to see the hypothetical price of OPIUM with market cap of BTC or other crypto coins.
|The code for Opium crypto currency is also #OPIUM. |
Opium is 2.8 years old.
|The current market capitalization for Opium is $1,267,701.|
Opium is ranking downwards to #846 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #OPIUM.|
Today's 24-hour trading volume across all exchanges for Opium is $32,734.
|The circulating supply of OPIUM is 16,403,623 coins, which is 16% of the total coin supply.|
Note the limited supply of Opium coins which adds to rarity of this cryptocurrency and increases perceived market value.
Opium Protocol 2022 updates
LARGE PROTOCOL UPDATE: BUILDING ON THE BEAR MARKET -Please carefully read the disclaimer below- — 2022 Summary: - The Opium Protocol has seen a staggering 500 million USD in traded notional in the past year;, The highly-anticipated Opium v2 was successfully launched on Arbitrum and Polygon, bringing even more functionality and flexibility for market making and arbitrage;, The protocol boasts a custom derivative constructor for altcoin and exotic options or futures, allowing for an unprecedented level of customisation;, Decentralised Order Books, built on the cutting-edge 1inch Limit Order Protocol and integrated with 1inch pathfinder, provide unparalleled efficiency and security;, The release of RFQ system v1.0 brings support for protocol-agnostic DeFi options, further expanding the possibilities of the protocol;, The protocol agnostic Dutch auctions feature, enables both users and third party smart contracts to launch auctions in order to get fair price;, The Web3 ID protocol, known as “Know Your Cat” (KYC) was also launched and released, adding an extra layer of security and compliance to the platform., — Looking behind - As we reflect on the past year, we are filled with gratitude for the dedication and passion of our community. From the countless hours spent on calls and chats, to the tireless contributions on Github, you have been the driving force behind our progress and success. It is with great ex...
Opium Cheshire cats support Binance proof of identity
It may proof humanity, KYC and region of a holder. — Binance-style Cheshire — Intro - Last year the Opium team presented Cheshire cat NFTs that can be used as an access token and also acquire the reputation of the user, KYC, humanity checks, and much more. Those NFTs are only transferable to your other addresses and they provide an interesting basis for the development of decentralized compliance tools, opening new possibilities. Even though not every project needs compliance or wants to implement, we are big fans of such developments. It is not only helping to implement necessary checks but also opens DeFi protocols for institutional investors and “pro/arc/regFi” version of protocols. We believe that this will make DeFi stronger and more mature, also leading to institutional adoption. A few weeks ago, Binance introduced a great new feature — BAB tokens. These soul-bound tokens are used as proof of identity for Binance users who have completed KYC verification. BAB tokens help Cheshire to implement humanity checks, regional checks, and KYC checks all at the same time. We couldn’t miss out on this great initiative, so we immediately implemented these standards into our Cheshire cats. We’re now ready for development and experimentation on this exciting journey*! “BAB token will function as a Binance identity that can be used and verified by third-party protocols for a variety of purposes. This will h...
Introducing Dutch auctions for DeFi Option Vaults
Selling ETH options on “gas efficient & optimal revenue” auctions. — TLDR; Dutch auctions are part of price discovery in Opium 2.0. Non-interactive and extremely cheap, they are ideal for both blockchain and DeFi options. The Dutch auction is the open descending price counterpart of the English auction. Here the auction has a start value higher than every interested bidder, and gradually lowered until there is a bidder that is interested at that price. — Pricing of DeFi options - The use of DeFi/crypto options is becoming more and more popular. As usual, the initial demand comes from professional players via centralized settlement but we see that first decentralized versions are growing in popularity too — used both by smart contracts as well as end users! Just like Uniswap got popular after centralised exchanges became mature, DeFi protocols may see an increase in adoption when there is enought centralised markets. Pricing options (and especially crypto-options) is difficult, in the end it is all about the market price that you can get. Market-makers, crypto hedge funds, and other participants are trying to create valuation models or hedge when possible. When you want to trade such a complex instrument from a smart contract there is almost no other way than using an auction. Many automated trading strategies utilized by Opium, Ribbon, Thetanuts, and other DeFi Option Vaults are running decentrali...
Opium V2: your out-of-the-box derivative protocol
DeFi and CeFi: a tale of two worlds - One of the many lenses through which we can assess the maturity of the current state of DeFi is by ranking the volume of its financial instruments and then compare the findings to their CeFi counterparts. As other analysts have already pointed out, the most significant disparity between traditional financial markets and the cryptocurrency market lies in the difference between the size of the derivative market and market share of spot assets. While, in the traditional financial markets, derivative volume dwarfs equities and other spot assets by a multiple greater than 30, in the cryptocurrency market options are only a relatively thin slice of the pie. The DeFi ecosystem has been so far a retail market largely dominated by spot exchanges. In hindsight, it was a logical trajectory as the mechanics underlying the financial primitives of spot exchanges are inherently more easy to implement than the financial wizardry required to concoct a derivative market. However, as the rate of institutional adoption keeps increasing, the DeFi instrument volume ratio will start to mirror CeFi: this means a potential growth for the DeFi derivative market that could be many orders of magnitude. The bottlenecks that have prevented the growth of the DeFi derivative market can be summed up in two main categories: technical and demographics. If it is in large part true that the cryptocurrency market first star...
Non-fungible Cheshire cats (Opium ID)
Introducing decentralized Know Your Cat (KYC) technology for unique non-transferable IDs. — — Introducing Cheshire - Opium Team presents Cheshire cat avatars. It is a unique NFT that can be used for verification, achievements, reputation, or access to special products. Your Opium avatar may be transferable, however, the recipient’s address must confirm that it belongs to the same person. Your avatar is a smart, wonderful, mystical, and magical creature — the Cheshire cat. For now, Cheshire has the most important part of its body — the smile and later can be upgraded with colored fur, clothes, and more attributes that will give him different super-skills in the DeFi world.We are ready for Metaverse! And you? Cheshire cats are not part of Opium Protocol but can be used to identify or verify users and community members for various purposes. For example, a fully regulated company that builds on top of the protocol will have an opportunity to use Cheshire as an ID to provide basic/extra services. With our community we believe that DeFi will grow substantially, therefore it will require solutions for verifications and differentiation of user roles. Cheshire will have a set of parameters and achievements that will allow to get unique services and features directly from smart contracts. — How to mint - Initial minting of Cheshire cats will start around the New Year date for those users of Opium.Fina...
Looking Back and Forward — September edition
Looking Back and Forward — September edition - If Autumn represents progress and maturity, then Opium is certainly flowing with the seasons. As September draws to a close, we contributors are proudly looking back at all the developments. Considering how many people are building and how many interesting governance proposals are coming in, we know that next month will be even more impressive. — Governance Updates - Exciting discussions are taking place on the governance forum as we speak, with some significant ideas for improvement being suggested and approved. The proposal to change the DAO Arbitrator has passed. Users agreed to designate the Opium Aragon DAO as an Arbitrator, meaning that off-chain efficient voting is now backed by an on-chain Arbitrator. This means that the voting process combines off-chain convenience with the on-chain standard of security! A proposal to extend the OPIUM/1INCH liquidity mining program was put to vote and the outcome was a unanimous “pass”. Click here to stay in the loop Also on the topic of governance, a brand new proposal relating to the incentivization of long-term DAO participation has been put forward. If approved, it could mean that committed community members have more voting power. What are your thoughts? We’d love to hear them Regarding liquidity mining programs and liquidity mining possibilities, discussions are in full swing on the community forum. Community me...
Build a call option on Opium
The Opium protocol is a universal protocol to create, settle and trade virtually all derivatives and financial instruments in a professional and trustless way. It allows anyone to build custom exchange-traded products on top of the EVM-Compatible blockchains. Once created, they can be traded freely via a network of relayers and will be priced according to supply and demand. In our tutorial we will walk through the logic of a basic call option on ETH as an underlying. If you are not familiar with the concept of call option, have a look at this introductory article. You can find all the code in this tutorial on github. As our repository uses the hardhat’s forking feature to run our tests against the Opium Protocol’s Ethereum Mainnet contracts, we will need an Infura project ID — or any other node service provider of your choice, you name it. Set your Infura project id and mnemonic in a .env file with INFURA_API_KEY and MNEMONIC as the respective environment variables. Next, let’s clone the repository and try to run the tests.git clone firstname.lastname@example.org:RiccardoBiosas/opium-call-option-example.git cd opium-call-option-example yarn install yarn test Assuming everything has been set up correctly, all unit tests should pass with a green check mark. Congrats! — Code walk-through - At the core of each financial product built on top of the Opium Protocol there are two main components: the derivative recipe and the ora...
Looking back and forward August 2021
The season is changing, and so are we: As summer comes to a close, the team here at Opium are reflecting on our many successes in terms of developments and product updates, and we are optimistically looking forward to next season.. — This month’s highlights are as follows: — Product Updates - — ReaIT.co Decentralized Protection. — A game-changing development has occurred on the ReaIT.co platform; users can finally get protected by Opium’s decentralized insurance, meaning properties on the platform can access coverage for more than just water and fire damage. Now, thanks to Opium, ReaIT members can rest easy knowing that their cash flow is being protected because, with Opium decentralized insurance, landlords will continue to receive rental income when their tenant fails to pay. To access ReaIT Insurance, you must be a KYC-approved user of ReaIT and a non-US citizen. Staking for RealT Insurance is available (only for non-US citizens) here: Opium.Finance — Staking Further information about these topics can be found here: First Decentralised Protection for RealT “no-occupancy” event was launched on Opium Protocol — Governance Updates - In August, the Opium governance forum was buzzing with activity, with several important topics being discussed. Opium users have called for improvement and an increased level of clarity regarding the proposal process. For example, it has been sugge...
Looking back and forward August 2021
The season is changing, and so are we: As summer comes to a close, the team here at Opium are reflecting on our many successes in terms of developments and product updates, and we are optimistically looking forward to next season.. — This month’s highlights are as follows:Product Updates — ReaIT.co Decentralized Protection. — A game-changing development has occurred on the ReaIT.co platform; users can finally get protected by Opium’s decentralized insurance, meaning properties on the platform can access coverage for more than just water and fire damage. Now, thanks to Opium, ReaIT members can rest easy knowing that their cash flow is being protected because, with Opium decentralized insurance, landlords will continue to receive rental income when their tenant fails to pay. To access ReaIT Insurance, you must be a KYC-approved user of ReaIT and a non-US citizen. Staking for RealT Insurance is available (only for non-US citizens) here: Opium.Finance — Staking Further information about these topics can be found here: First Decentralised Protection for RealT “no-occupancy” event was launched on Opium ProtocolGovernance Updates In August, the Opium governance forum was buzzing with activity, with several important topics being discussed. Opium users have called for improvement and an increased level of clarity regarding the proposal process. For example, it has been suggested that proposals sh...
First Decentralised Protection for RealT “no-occupancy” event was launched on Opium Protocol
Users of RealT platform can get decentralised protection. — Why it is important RealT.co is a progressive technology platform that offers investors the ability to purchase fractional real estate powered by blockchain. For around $50, you can purchase one token (or as many as you would like to invest) of a property. Investors are then paid a percentage of the tenant’s rent based on their investment in USDC through Ethereum or xDai network. Opium, based on Ethereum, is a decentralized protocol, hosted through the Polygon network. One of the main use cases of Opium is protection (decentralised insurance). Currently, all the properties offered on RealT.co are covered by the standard insurance to protect them from real estate disasters like fire and water damage. What is not insured, is the occupancy (monthly rent payment). For example, in the event of a fire, it might take three months for repairs and renovations. The renovation expenses are covered by the property insurance; but if the tenant has to relocate, they do not pay rent during this time. This means rent will not be distributed for this property for those 3 months. The insurance offered through Opium Protocol will continue to distribute rental payments when the tenant doesn’t pay. Protection by Opium ensures RealT member’s cash flows.How it works — I. Buyers. — Buyer goes through several steps here.Choose a nominal to protect. The amount of re...