|All Time High:|
|Market Cap: |
|The price of #OSQTH today is $96.38 USD.|
The lowest OSQTH price for this period was $0, the highest was $96.38, and the current live price for one OSQTH coin is $96.38432.
The all-time high OSQTH coin price was $1,079.
Use our custom price calculator to see the hypothetical price of OSQTH with market cap of BTC or other crypto coins.
|The code for Opyn Squeeth crypto currency is #OSQTH. |
Opyn Squeeth is 1 year old.
|The current market capitalization for Opyn Squeeth is not available at this time.|
Opyn Squeeth is ranking downwards to #9393, by market cap (and other factors).
|There is a big daily trading volume on #OSQTH.|
Today's 24-hour trading volume across all exchanges for Opyn Squeeth is $2,046,835.
|The total supply of OSQTH is 71,307 coins.|
A highlight of Opyn Squeeth is it's exceptionally low supply of coins, as this tends to support higher prices due to supply and demand in the market.
|OSQTH has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.|
View #OSQTH trading pairs and crypto exchanges that currently support #OSQTH purchase.
What Opyn Users Should Know Ahead of The Merge
Opyn supports The Merge and does not have plans to support any forks in our web app. Opyn will only work on the canonical chain that is moving to PoS. If a canonical PoW ETH fork emerges, the Squeeth interface will not support forked PoW Squeeth, vault NFTs, or Crab Vault receipt tokens. To learn more about The Merge, see Ethereum’s announcement. As an Opyn user, you do not need to do anything. Assuming the Merge is successful, the Squeeth Protocol will continue to work without issue through the transition from proof of work (PoW) to proof of stake (PoS). Opyn’s web app (squeeth.opyn.co) will also continue to function. Though if any third-party infrastructure providers (e.g. node providers) have downtime, some users may experience brief periods of unavailability. It’s also worth noting the possibility of increased ETH price volatility leading up to and around the merge. Squeeth offers exposure to the squared price of Ethereum, so ETH volatility is particularly pertinent. Users who are short Squeeth or deposited in the Crab Strategy should monitor ETH price volatility and liquidation levels. Users who are long Squeeth should continue to monitor their positions and the funding cost of Squeeth. Please take note of The Merge timeline and manage your positions accordingly. Given Squeeth uses the Uniswap v3 GMA (geometric moving average) TWAP as an oracle price, we want to highlight changes that accompany The Merge: Uniswap v...
Opyn launches $1M ImmuneFi Bug Bounty Program
The ImmuneFi Bug Bounty program aims to strengthen Opyn’s security while boosting collaboration with the greater DeFi ecosystem as part of our coverage partnership with Sherlock Protocol. Opyn has launched a $1 million bug bounty program with ImmuneFi as part of our $10 million coverage partnership with Sherlock Protocol. This partnership will cover Squeeth smart contracts and incentivize ethical reporting of potential security vulnerabilities or exploits. The ongoing bug bounty program will go hand-in-hand with Sherlock’s $10 million smart contract coverage to advance the security of Opyn. Sherlock is a risk management platform built on Ethereum and designed to keep end users protected by providing affordable and scalable coverage to protocols. ImmuneFi is the leading bug bounty platform that has already paid out over $10 million in bounties, having prevented over $20 billion in potential losses with around $78 million worth of bounties currently available. ImmuneFi is trusted by a number of DeFi protocols including The Graph, Nexus Mutual, Olympus and many others. The bug bounty program is focused on Opyn’s smart contracts and DApp and focuses on preventing:Loss of user funds (principal) by freezing or theftTemporary freezing of funds for more than 1 weekUnable to call smart contract — Bug Bounty Reward Distribution. — The breakdown of the rewards are in accordance with ImmuneFi’s distribution criter...
The New Opyn
Today, we’re introducing the new Opyn brand, including a new homepage and a redesigned options chain!What is Opyn? Opyn is a capital efficient DeFi options protocol that allows users to buy, sell, and create options on ERC20s. For developers, Opyn is the most flexible and secure options protocol in DeFi. The name Opyn comes from our mission to empower people through an inclusive, fair and open financial system.Why are we rebranding? We started Opyn in 2019, three friends obsessed with crypto and DeFi 😊 We designed the first logo at like 2am in a Berkeley apartment (fun fact: it’s a mushroom 😂 ) Since then, we’ve shipped two versions of Opyn and the team has grown from three to ten — spread across six continents. What started as a few users has turned into a community that has collectively traded more than $322,707,593 of Opyn options. As we’ve grown, we’ve realized we needed to refresh to reflect the protocol’s evolution and community’s feedback! We focused on the following three values:Learning and TeachingThe crypto community is incredible, and a huge part of what got us into this space in the first place! Jamming on ideas and buidling with ya’ll is the best, and we value learning and helping spread what we’ve learned :) 2. EmpathyWe’ve always focused on the protocol and our users, iterating towards the best possible experience. Our goal in the long run, as is the case for many of us he...
Opyn closes $6.7mm funding round led by Paradigm
The most powerful, capital efficient DeFi options protocol. February 3, 2021 — Decentralized options protocol Opyn has closed a $6.7mm Series A funding round, led by Paradigm. Follow-on backers include Kain Warwick and Stani Kulechov. Dragonfly participated after leading the seed round. The funds will be used to further development and security of the gamma protocol, decentralize the protocol further, and grow the Opyn team, focusing on key research and engineering hires. “Options are a $300 trillion market that Opyn is reimagining by making it more inclusive, fair, and transparent” said Zubin Koticha, Co-Founder and CEO of Opyn. “Working with Dan and Matt at Paradigm has been incredible — they have helped us design elegant upgrades to the protocol, and are our secret sauce in building code that forever changes the way options are thought about and traded.” “We are thrilled to partner with Zubin, Aparna, Alexis and the rest of the outstanding Opyn team as they build the primary DeFi options protocol,” commented Matt Huang, Co-founder and Managing Partner at Paradigm. “Options are a key primitive in financial markets, and we are particularly excited to help the team research cutting-edge topics such as capital efficiency, AMM-design, and scaling.” In June of 2020, Opyn raised a $2.16mm seed round from top DeFi investors, led by Dragonfly with participation from Balaji Srinivasan, Robert Leshner, Ve...
Opyn v2 Gamma Protocol Launches Using Chainlink Oracles to Settle Options
We are 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. These options leverage the Chainlink ETH-USDC Price Feed oracle to obtain the current ETH price used during settlement. — Understanding Opyn v2. — Opyn is an open, decentralized options platform built on Ethereum that enables users to trade DeFi options. Aiming to be the most capital efficient options protocol in DeFi, in Opyn, traders and investors can interact with the protocol by depositing collateral in a vault to create and sell put and call options (oTokens), earning premiums on those options. Alternatively, users can buy options (oTokens) to hedge against volatility or make trades. Opyn v1, built on top of Convexity Protocol, laid the foundation for DeFi options as the first live ERC20 options protocol. For the first time, anyone could create, buy, and sell options on any ERC20 token. Since the Opyn v1 release in February 2020, more than 100 options were launched with over $115m in volume traded. Over this time, we’ve heard helpful feedback from Opyn users and the community, resulting in the development of Opyn v2 (Gamma Protocol), which lays a foundation for a more capital-efficient and highly liquid options protocol. — Opyn v2 Leveraging Chain...
Opyn v2 Introduction + Bug Bounty
Overview of Opyn v2 and announcing v2 Bug Bounty. — Opyn v1 laid the foundation for DeFi options as the first live ERC20 options protocol. For the first time, anyone could create, buy, and sell options on any ERC20 token. Opyn v1 will remain live on the Ethereum network, providing a venue for American, physically settled options. We’ve heard your feedback and been developing Opyn v2, which lays a foundation for a more capitally-efficient and highly liquid options protocol. Opyn v2 is currently undergoing audit. This post will provide a high level overview of v2:European, cash-settled optionsMargin improvements (spreads!)Auto-exercise for in the money options upon expiryEarn yield (& gov tokens) on collateralCall options without multipliersOperators to allow contracts to act on a user’s behalfOracle used for option settlement priceFlash mintsDeterministic option contract addresses, names, symbolsAnyone can create new options if the product has been whitelisted — European, cash-settled options. — v2 moves to cash-settled, European options to enable margin improvements by allowing for safe constructions of spreads. European options mean that option holders can exercise options only upon expiry. While this may seem restrictive (doesn’t allow for early exercise), given adequate liquidity, selling American options is almost always more profitable than exercising early, because with early exercise y...
BUIDLing with Options (oTokens) in DeFi Pt. 2
Calling all DeFi BUIDLers — we wanted to share some ideas for what you can build with Opyn v2! Opyn’s new v2 allows you to create put and call options with spreads for capital efficiency, and is great for applications ranging from protection and hedging to taking views on different cryptocurrencies.Learning Resources Options are an incredibly versatile financial instrument — in fact you can create any financial payoff using just put and call options. Here are some great resources to get started with learning about options:Khan Academy video seriesInvestopedia’s Options GuideIdeas — Rollovers. — Allow users to rollover their options from one expiry until the next. For example, if a user holds on to an option that expires on Oct. 30, give them the ability to have that option automatically rollover to expire on a date in the future eg. Nov 30. You can accomplish this relatively simply using the new “operator” functionality in Opyn v2, where users can delegate vault actions to another smart contract. — Interfaces. — Create interfaces for users to access and interact with Opyn v2. This could be an easy to use options interface for folks who are new to options, an explorer type interface to see what’s going on across the protocol like OpynMonitor, a more advanced interface for sophisticated traders, an integration with an existing interface like Zerion and Zapper, or something else en...
Insurance Options Oracle
Maker Medianizer. — — 9/29/20 Update. — Insurance oToken Oracle Update: Maker holders have approved the executive vote which includes Opyn’s oracle whitelisting application. We have unpaused the insurance contracts and they are functioning normally. — 9/24/20 Update. — Insurance oToken Oracle Update: Maker holders have approved Opyn’s oracle whitelisting application in the polling process. Opyn’s proposal will be bundled and available for the executive voting process on Friday 9/25. If approved, oracle changes and whitelisting will be implemented shortly thereafter and the insurance oTokens will be able to be unpaused. Polling vote results: https://vote.makerdao.com/polling-proposal/qmeuuzmxbs8kymukxfrpfs8hlphvzwxuhrregyxwa5qgpr — 9/14/20 Update. — Maker requires that the proposal must be live on the forum for 7 days before moving to polling. The polling vote will happen on 9/21/20 and if approved will advance to the executive vote on 9/25/20. — 9/13/20 Update. — Opyn has been working with Maker to restart Maker’s v1 medianizer oracle, which would unpause the Opyn cDAI, cUSDC, and aUSDC insurance contracts. The process will include whitelisting the v1 medianizer on the v2 medianizer as well as changes to allow the v1 medianizer to query the v2 medianizer for the ETHUSD price. This would be a temporary fix until the existing insurance options have expired and any fu...
Opyn ETH Put Exploit Post Mortem
This post provides information about the Opyn oETH put exploit. Specifically,what we are doing about it,the timeline of events of the Opyn oETH put exploit,an analysis of the exploit itself,details about the white hat actions taken to recover at risk funds, andnext steps going forward. oETH Put users: Please see this first post for an overview of the exploit that drained funds. Users of other options: Note that only ETH put oToken contracts were affected.What are we doing about it? We have the utmost respect and empathy for our early users and want to do right by our community. For put sellers: We are reimbursing ETH put sellers in full who were affected by the vulnerability via the process outlined here. All oETH put sellers have now been reimbursed in full. For put buyers: Further, in order to provide liquidity to oETH put buyers, for the next two weeks, we will buy ETH put options for 20% above Deribit best ask price. Additionally, in the case that any unsold oETH puts end up in the money before expiry, users will be able to exercise by sending us a message on Discord. For all users: Please do not create any new oETH put vaults or buy/sell oETH puts except through the process defined above with the Opyn team. We understand that this was an extremely stressful day for users. The exploit itself is on us. We let users down. Reimbursing all put sellers in full is the fair path forward. Our goal now is to regain user t...
Opyn ETH Put Exploit
An exploit affecting the Opyn ETH Put contracts has been discovered. All other Opyn contracts other than the ETH Put contracts are not affected by this exploit. Since then, we have taken steps to mitigate further loss and will work to assist those who were affected.What happened? This morning, at approximately 4:00 AM PT, we became aware of an exploit on the Opyn ETH Put contracts via a user report in our Discord chat. This exploit allowed an attacker to “double exercise” oTokens and steal the collateral posted by certain sellers of these puts. At the time of this post, we’ve found 371,260 USDC that has been stolen from these contracts, but this amount may change as our investigation continues. 439,170 USDC from outstanding vaults was successfully recovered by a white hat hack that the Opyn team conducted on the Convexity Protocol to mitigate further loss. (Update: Working with samczsun we were able to whitehack an additional 132,995 USDC.) Because Opyn is a permissionless and decentralized protocol, we do not have the ability to shut off access to our contracts as many other protocols do. To mitigate further loss, we removed liquidity from our ETH Put pools on Uniswap to prevent others from buying these oTokens and removed the ability to buy ETH Puts on the opyn.co website. In order to ensure liquidity for existing oToken holders, we also offered and continue to offer to purchase all ETH Put oTokens that were outstandi...