No Liquidation, Squared Leverage!? Squeeth Is Nuts!

No liquidation squared leverage Squeeth is nuts

Squeeth is short for Squared Eth. It’s a new power perpetual from Opyn allowing users to benefit from convexity when going long ETH. Long squeeth (ETH²) gives you a leveraged position with unlimited upside, protected downside, and no liquidations. Compared to a 2x leveraged position, you make more when ETH goes up and lose less when ETH goes down (excluding funding). Eg. If ETH goes up 5x, squeeth goes up 25x. You pay a funding rate for this position. There’s also a Short Eth option as well as automated strategies to help take some of the pain out of managing your positions.

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