EP 42: Economics of #OPYN Explained. And How OPYN Works | oToken DeFi Options Model

Opyn is an open decentralised insurance platform built on
Ethereum that allows users to protect themselves from certain
risks they face in DeFi. Opyn is built with the Convexity
Protocol, a protocol that allows DeFi users to create call and
put options. Anyone can buy options ($oTokens) to protect
themselves against DeFi risk. Users can also deposit collateral
into a vault to mint and sell $oTokens, receiving a premium from
protecting others.  


Opyn's value is in creating an environment with many
opportunities for value creation. One does not need to own the
underlying asset and can simply trade the options contract in the
secondary market.   


$oToken is tradable in Opyn platform, Uniswap (V1) and 0x (V2).
One of its specialities is the ability to combine option contract
on one wallet address which will appeal to users.