Opyn’s protocol operates a decentralised derivatives market that supports oToken-based calls and puts, power perpetuals and the Squared ETH (Squeeth) product, offering high-leverage exposure to ETH²

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This includes its popular product Squared ETH, also known as Squeeth, which allows users to gain exposure to ETH².

Launched in alpha in 2019, Opyn’s core product is a decentralized derivatives market where users can trade calls and puts using Opyn’s oToken option tokens and its so-called "power perpetuals," high-leverage tokenized contracts that derive value from the exponential power of the underlying asset.