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opyn
1/ Calling all DeFi BUIDLers — we wanted to share some ideas for building with options (oTokens) in DeFi! We’re super excited to be sponsoring ETHOnline! We’re offering prizes for building on Opyn v2. Hackers will get early access to v2 👀
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…
opyn opyn @opyn_
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opyn Oct 2
Replying to @opyn_
2/ 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.
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opyn Oct 2
Replying to @opyn_
3/ Options are an incredibly versatile financial instrument. In fact, you can create any financial payoff using just put and call options. Learn more: - Khan Academy () - Investopedia ()
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opyn Oct 2
Replying to @opyn_
4/ Without further ado, onto the ideas! Rollovers: Allow users to rollover their options from one expiry to the next. For example, if a user holds an option expiring Oct. 30, allow that option to automatically rollover to an option with a future expiry eg. Nov 30.
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opyn Oct 2
Replying to @zerion_io @zapper_fi
5/ Interfaces: Create interfaces to access Opyn v2. - Simple options interface for new folks - Explorer interface like - Advanced interface for sophisticated traders - Integrations with existing interfaces like or
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opyn Oct 2
Replying to @opyn_
6/ Portfolio Managers: With Opyn v2’s new “operator” functionality, users can delegate out portfolio management to dedicated portfolio managers. These managers could be individuals or smart contracts that employ specific strategies.
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opyn Oct 2
Replying to @UniswapProtocol
7/ Hedging for LPs: Uniswap LPs can help reduce impermanent loss in ETH:Stablecoin pools using straddles (put and call with same strike) and strangles (put and call with different strike). - Strangle () - Straddle ()
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opyn Oct 2
Replying to @opyn_
8/ Structured products: You can use options in combination with other financial primitives to build interesting structured products. For example, you could attach a call or put option to an ERC-20. Structured product ()
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opyn Oct 2
Replying to @opyn_
9/ Volatility Oracle: Using put and call options you can develop a volatility oracle like the VIX, which tracks volatility in traditional finance. VIX ()
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opyn Oct 2
Replying to @0xProject
10/ OTC oTokens Interface - To avoid slippage, large oToken users are looking for ways to conduct OTC trades for oTokens. You could facilitate this w/ as a settlement layer, building a simple interface for parties to interact with eachother while preserving anonymity.
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opyn Oct 2
Replying to @opyn_
11/ The possibilities with oTokens are limitless - we’re excited to see new ideas you'll come up with! We’re happy to help at any time. You can find us on the Opyn discord () or the opyn channel on the ETHOnline Discord () 😁
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