About

Opium Protocol is a decentralized protocol for creating, settling, and trading any type of derivative. It enables individuals to create and deploy their own automated trading strategies, derivatives, and structured products without coding experience. The protocol provides customizable and efficient derivative products, compatible with various DeFi ecosystems. Opium also has a governance system and supports developer initiatives through grants and bug bounty programs.

History

Opium is a universal and robust protocol that allows for creating, settling, and trading decentralized derivatives on Ethereum. Opium allows combining an oracle with a financial instrument. Every position is represented by a token that can be traded, sent or stored in cold wallets. Opium Exchange, built on Opium Protocol, is an open trading platform for virtually all synthetic derivatives. Swap Rate is a platform built on Opium Protocol where you can hedge against or speculate on the interest rate fluctuations in DeFi lending and borrowing. Anyone can create synthetic derivatives on Opium Exchange via the listing form or build on Opium Protocol—it’s open-source! The latest product built on opium Protocol is Opium Insurance—a user-friendly solution for buying and selling risk protection (such as smart contract exploits, credit default events, stablecoin custodian insolvency, impermanent loss, price volatility, SAFT risk and, off-chain risks)