|All Time High:|
|Market Cap: |
|The price of #OPIUM today is $0.15 USD.|
The lowest OPIUM price for this period was $0, the highest was $0.155, and the current live price for one OPIUM coin is $0.15481.
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 ETH or other crypto coins.
|The code for Opium crypto currency is also #OPIUM. |
Opium is 1.7 years old.
|The current market capitalization for Opium is $1,465,640.|
Opium is ranking downwards to #828, by market cap (and other factors).
|There is a modest daily trading volume on #OPIUM.|
Today's 24-hour trading volume across all exchanges for Opium is $49,775.
|The circulating supply of OPIUM is 9,467,631 coins, which is 9% of the total coin supply.|
Note the limited supply of Opium coins which adds to rarity of this cryptocurrency and increases perceived market value.
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 email@example.com: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...
Looking Back and Forward. July 2021.
July has been a lovely summer month for the Opium team and the Opium community, with some exciting developments happening, meeting our passionate builders face-to-face, as well as launching some interesting new products. Here’s a rundown of what we’ve been up to: — Product Updates - — Staking Pool Performance. — Every Friday, we will now be posting our staking pool performance to keep users and interested parties up to date with our results. The ‘return since inception’ feature allows users to view the stakers total return on each pool from its inception date until the present date. This way, the Opium community, as well as new, prospective stakers will be able to see how our pools are performing and use the information to inform their investment decisions — but don’t forget, past performance is not a guarantee of future performance! — SpaceX Rideshare Insurance. — Due to the successful landing of the Falcon 9 at Cape Canaveral launched by SpaceX — the first reusable rocket to land successfully — stakers of our SpaceX insurance pool have enjoyed some healthy returns, receiving 100% of staked nominal and premiums on the 8th of July. — @UMAprotocol Thanks, Elon! — HOPIUM vs COPIUM NFT. — One of the great ideas of how to name Opium product — HOPIUM and COPIUM. Such ideas deserve NFT for sure! — @safetyth1rd ...
Call options on $OPIUM: an alternative to liquidity mining
We introduce a simpler way for $OPIUM holders to get yield on their tokens. — In short: Stake your $OPIUM to exchange future upside for premiums now or pay a fee to get xxx-leveraged upside! Over time, in DeFi, numerous liquidity mining programs were designed and distributed hundreds of tokens in rewards. However simple we tried to make it, liquidity mining could be tricky. It involves staking other tokens together with $OPIUM, going to AMMs, risking Impermanent Losses and several other small obstacles that may have prevented some token holders from getting the most out of their tokens. As a part of Opium Smart Farming, we are thrilled to introduce $OPIUM call options. — OPIUM Call Option - A call option is a financial contract that gives the option buyer the right, but not the obligation, to buy the $OPIUM tokens at a specified price at specific maturity date, typically from several months to a year. Seller of such option is obliged to sell $OPIUM at that specified price at maturity if desired by the buyer. Traditionally, a call option buyer profits when the underlying asset increases in price. They can buy the asset at a lower price specified in the call option contract and immediately resell it at a higher price. In OPIUM, there are typically used $OPIUM-settled options, which eliminate the need to buy and then sell tokens. Suppose the price of the $OPIUM token is above the strike price at maturity. In that ...