Understanding Perpetual Vaults in DeFi: Structured Products with Underlying Options Strategies

Wade Prospere Sep 29 · 23 min read Table of Contents: Intro Selling Covered Call Options vs. Selling Put Options Covered Call Strategies in Action Ribbon Finance: ETH Covered Call Vault (T-ETH-C) Stake Dao: Active ETH Covered Call Strategy (Active ETH CC Strategy) Ribbon Finance: BTC Covered Call Vault (T-WBTC-C) Stake Dao: Active BTC Covered … Read more

Opyn Partial Collateralization: How to Trade Partially Collateralized DeFi Options

Wade Prospere Jun 30 · 15 min read tl;dr Opyn is launching the first-ever on-chain margining system for partially collateralized options The upgrade allows options to be collateralized with less than their max loss (<1 asset for call, <strike for puts), increasing capital efficiency and providing leverage for DeFi options Margin requirements are based on … Read more

Introducing Opyn Developer Toolkit

Wade Prospere Jun 25 · 8 min read tl;dr — Today we are announcing the release of Opyn’s Developer Toolkit, a suite of resources to make it easier for developers to build options products in DeFi. BUIDLIng in DeFi just got easier! Since launching v2, we’ve been talking to some amazing devs about building really … Read more

BUIDLing with Opyn — DeFiDollar’s Opeth powering Stablecoin Loans

Wade Prospere Apr 27 · 3 min read Options are one of the most versatile financial instruments in DeFi.They allow traders to make money in virtually any market environment — bull, bear, or kangaroo. Yet given counterparty risk, most DeFi protocols require 100% collateralization of assets, leading to capital-inefficient markets. At Opyn, we’re focused on … Read more

Announcing WBTC Options

Wade Prospere Apr 2 · 3 min read We are so excited to announce that WBTC options are coming to the most powerful, capital-efficient DeFi options protocol. In addition to WETH-USDC options, Opyn users will be able to trade WBTC-USDC options on Opyn v2 starting Thursday, April 1st. Since launching Opyn in February 2020, more … Read more

Opyn Ecosystem Grants

Wade Prospere Mar 26 · 4 min read Today we’re announcing the launch of the Opyn Ecosystem Grants: Round 1. Since the mainnet launch of Opyn in February 2020, users have traded more than $150mm of notional volume in options with Opyn, and the amount of developers building on top of the gamma protocol has … Read more

$3,000+ Opyn Meme Challenge!

Wade Prospere Mar 19 · 3 min read Over the last few weeks we’ve seen some hilarious options memes in our Discord and twitter DMs, so we thought we’d make it a competition. Since this is DeFi, we’re adding a little twist. For the next ~two weeks (March 19 to April 1st), we’re going to … Read more

Opyn & 0x Community AMA Recap

Wade Prospere Mar 16 · 7 min read Opyn and 0x hosted a joint community AMA on Thursday, March 11th on the 0x Discord! Co-founder and CEO Zubin Koticha, Head of Research Andrew Leone, and Head of Marketing and Community Wade Prospere answered questions submitted by the Opyn and 0x Community. The conversation was organized … Read more

Opyn USDC Liquidity Rewards Program

Wade Prospere Mar 5 · 5 min read *note, this blog post was updated on March 22, 2021 to reflect the following: assuming a balanced orderbook, rewards for asks are 3x the rewards for bids, minimum reward for bids is 0.3% of spot, and rewards will be claimable every 4 weeks to save users gas. … Read more