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…
By: Robin Schmidt • Loading...
DeFiSqueeth 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.
Advertisement
The Defiant Daily
“an industry must-read”
Get an edge in Crypto with our free daily newsletter
Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri
90k+ Defiers informed every day. Unsubscribe anytime.