Protocol | Coverage | % |
---|---|---|
Squeeth by Opyn | $10,000,000 | 36% |
Euler | $10,000,000 | 36% |
Tempus Finance | $7,340,000 | 28% |
Nifty Options by Teller | $10,000 | 0% |
Total Covered | $27,350,000 | 100% |
Squeeth (squared ETH) is a Power Perpetual that tracks the price of ETH². This functions similar to a perpetual swap where you are targeting ETH² rather than ETH. Long Squeeth gives traders a leveraged position with unlimited ETH² upside, protected downside, and no liquidations. Squeeth buyers pay a funding rate for this position. In contrast, short Squeeth is a short ETH² position, collateralized with ETH. Traders earn a funding rate for taking on this position, paid by long Squeeth holders.
Euler is a non-custodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset.
Tempus is a multi-chain fixed-income protocol that integrates with lending protocols, staking protocols, and yield aggregators, and lets users fix or speculate on the yield generated by them.
Nifty Options is the first on-chain NFT options trading protocol whose contract allows the right to sell a specific NFT at an agreed upon price and expiration date in the future. Hedge NFTs. Borrow against NFTs. Sell NFT options.