New protocol coming SOON™️
It’s a perp protocol, which may initially elicit a sigh since there’s a million perp protocols these days – all with incremental improvements to the status quo.
But this perp protocol is truly unlike any other perp protocol out there. It enables so so much more than just going leveraged long 📈 or short 📉. Maybe calling it a perp protocol is a disservice to what it really enables 🤔
Opyn’s new protocol unifies DeFi primitives and allows them to play together 🫂.
It’s permissionless and for any asset ♾.
It’s not CeDeFi ❌.
It massively improves DeFi capital efficiency, without compromising on DeFi’s trustless nature ���.
It unlocks never before seen products and makes existing products massively more efficient 🤯.
We will be sharing more over the coming weeks, but wanted to start with an overview of the building blocks of the protocol — specific power perpetuals, what they represent, and what they enable for traders.
For an overview of perpetuals and Power Perpetuals check out the Everything is a Perp and Power Perpetuals papers.
https://t.co/xc0BQGZOI0
https://t.co/TCyigW8BiE
To start, the 4 fundamental power perps in the protocol are 0-Perps, 1-Perps, 0.5-Perps and 2-Perps. They can be traded on ANY asset.
The number X in X-Perp refers to the power of the power perp. So a 0-Perp is a perp that targets an asset raised to the zeroth power (e.g. ETH^0), a 1-Perp is a perp that targets an asset raised to the first power (e.g. wBTC^1), etc.
Stay tuned for our exploration of the 0-Perp - the underappreciated workhorse that unlocks leverage, borrowing/lending and so much more in Opyn’s new protocol.
Imagine thinking you just have to invest in magic Internet beans & you can retire next week
(Meme Lords pretty much have retail believing this 🤣🤣🤣)
All my family and friends are non crypto people. Like 95%… extended as well…. Normies to the core. Whateve they bought ever is on my suggestion
But this season they all bought one coin… all by themselves without me saying anything,like $50 $100 worth … lol guess which coin
Most other coins holders sell their bags when they get listed on Tier 1 Exchanges
All my MOG cousins market bought more mog on @coinbase today
We are a cultured group of moggers
You’re just a “community”
We are not the same
Get MOGGED BOZO🫵😹
Lock down your assets with Wallet Guard 🔒
Our new Soft Locking feature adds an extra layer of security to your preferred wallet in seconds for 0 gas fees!
Try it out now in the Security Dashboard 👇
https://t.co/CU0Ui3UCqp
Vincent was impressed by the Southern French artist Adolphe Monticelli's emphatic brushwork and habit of using generous amounts of paint. Can you see the resemblance?
1 Vincent van Gogh, Vase with Chinese Asters and Gladioli,1886
2 Adolphe Monticelli, Vase with Flowers, c. 1875