Volume (24h)
$139.09
0.89 %
Total supply
7,965 OSQTH
Max. supply
25,999 OSQTH
Opyn Squeeth (OSQTH)
$ 82.35
0.89 %
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Key data
updated $0Market cap$0
Volume 24h$139.09
Opyn Squeeth (OSQTH) is a decentralized financial instrument built on Ethereum. It represents a synthetic token that tracks the squared price of ETH, offering unique exposure to Ethereum's volatility. OSQTH is designed for advanced users seeking innovative ways to hedge or speculate on ETH price movements.
Frequently asked questions
What is Opyn Squeeth and how is it different?
Opyn Squeeth (OSQTH) is a synthetic token that tracks the squared price of ETH, amplifying its volatility. Unlike traditional tokens, it offers a unique way to gain leveraged exposure to Ethereum's price movements without requiring margin or borrowing.
How does Opyn Squeeth technology work?
OSQTH operates using smart contracts on Ethereum, leveraging decentralized protocols to create synthetic exposure. It uses a mechanism called 'Squeeth' to mathematically track the squared price of ETH, enabling users to interact with ETH's volatility in a novel way.
How is OSQTH minted and distributed?
OSQTH is minted through Opyn's platform by depositing collateral (usually ETH) into smart contracts. The supply is dynamically adjusted based on user demand and the underlying ETH price, ensuring the token's value aligns with its intended purpose.
How can I store or use Opyn Squeeth?
OSQTH is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet. It's primarily used for hedging or speculative purposes in decentralized finance (DeFi) platforms, allowing users to interact with ETH's squared price movements.