February 1, 2022, 9:47AM EST
• 7 min read

A look at Opyn’s Squeeth Perpetual

Quick take

  • Squeeth (a derivative developed by Opyn) is a power perpetual indexed to the price of ETH raised to the second power. 
  • Power perpetuals are an iteration on everlasting options, which attempt to consolidate options market liquidity similar to perpetual futures.
  • Composable perpetual options-like exposure has the potential to be a useful lego in the DeFi stack (specifically for structured products) while also supporting the development of novel volatility-based on-chain derivatives.

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