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

Partially Collateralized Options — Now in DeFi

zk – Zubin Koticha Jun 6 · 11 min read Mechanism — Opyn partial collateralization Why do we need a margin system? One of the biggest limitations of DeFi options so far is how capital intense they are to mint — users have been required to post 100% of the strike price as collateral. In … Read more

The New Opyn

opyn Jun 2 · 5 min read 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 … Read more

This Week in DeFi – April 30

To the DeFi community, This week, Polygon (formerly Matic) has broken away from the pack of competing Layer 2 solution providers for the Ethereum Network, with DEX like Quickswap that live on Polygon surging to hundreds of millions in transaction volume each day. L2 DEX trading volume in the last 24hrs: 1 @QuickswapDEX $198,701,299 (29% … 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

This Week in DeFi – April 9

To the DeFi community, This week, Chainswap raised $3 million in a funding round led by Alameda Research and the OKEx OK Block Dream Fund, while also taking the rare step of announcing an upcoming airdrop before the snapshot has been taken. Chainswap currently bridges between Ethereum, BSC, and the Huobi ECHO chain, with plans … 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