Opyn Squeeth OSQTH

Opyn Squeeth is a financial derivative product developed by Opyn, a company focused on building DeFi-native derivatives and options infrastructure. Squeeth, which stands for "squared ETH," allows traders to have perpetual exposure to ETH². It is designed to provide traders with a simple way to track and gain exposure to the performance of ETH in the decentralized finance (DeFi) ecosystem.

Opyn Squeeth is unique compared to other cryptocurrencies because it is a financial derivative that offers traders perpetual exposure to ETH². This means that Squeeth allows traders to benefit from the price movements of Ethereum squared (ETH²), which can result in higher returns when Ethereum goes up and lower losses when Ethereum goes down. Additionally, Squeeth is designed to have exposure to pure convexity, leading to potentially higher premium rates. Opyn's goal is to provide a DeFi-native derivatives and options infrastructure, making it easier for developers and builders to integrate with Squeeth's core contracts and explore various powerful use cases.