Opyn

Opyn builds DeFi-native derivatives infrastructure. The team leads in financial research, building the first-ever decentralized options platform and first power perpetual protocol. We also invented the strikeless perpetual option (Squeeth!) and the most successful volatility strategy in DeFi (Crab). Users have traded $16 billion notional volume with our products. Opyn is backed by Paradigm, Dragonfly, and other amazing partners.

Our mission is to democratize finance by building inclusive, fair, and transparent technologies. Opyn’s products advance the promise of DeFi by creating non-custodial and permissionless systems that will improve – and eventually eat – the traditional financial system. The future of finance is on-chain and we are building it.

Opyn is launching a power perps protocol. It unifies DeFi primitives like linear perps, borrowing and lending, stablecoins, AMMs, and option-like perps and allows them to play together. Its margin system massively improves capital efficiency without compromising on DeFi’s trustless nature. It's Uniswap but for perps: a permissionless protocol where anyone can deploy a power perp market for any asset.