(OPB)

Total Value Locked$5,086,276

Chain Breakdown
Solana	$5.09m

USD SOL

Information

Protocol Information

OpenDelta's perpetual bond (OPB) is created by hedging Bitcoin collateral across a variety of global derivatives exchanges in a trust-minimized way. This process creates a position that’s stable in dollar terms, protects the holder against downside risk, and earns continuous yield from the derivatives market funding rate.

Category: Basis Trading

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Token Information

Address:solana:o...YZ6QKE

View on Solscan

Methodology

TVL is calculated by multiplying the OPB token supply by the current USD value of 1.0 OPB. Initially worth $1.0, 1.0 OPB now reflects its increased value from accrued interest, derived using amountToUiAmount approach of Solana Token2022 Interest Bearing extension.

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Competitors

Ethena USDe ($5.9b)USDX Money ($489.12m)BounceBit CeDeFi Yield ($432.13m)Resolv USR ($261.31m)BounceBit Premium ($169.96m)Manta CeDeFi ($124.18m)Manta MYield ($59.16m)Astherus USDF ($56.67m)Superstate USCC ($45.64m)Resolv RLP ($34.62m)

Raises

Total raised: 0m
11/27/2024 : Pre-seed+

OpenDelta Perpe...(OPB)