Ask about OpenDelta Perpetual BondKey Metrics
Total Raised$2.5m
Apr 26, 2024$2.5mRound: Pre-SeedInvestors: 6th Man Ventures
Nov 27, 2024Round: Pre-seed+Investors: Anatoly Yakovenko, Anagram, Stepan Simkin, Bartosz Lipinski, Shane Molidor
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
Methodology
TVL: 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.View code on GitHubCompetitors
Frequently Asked Questions
What is OpenDelta Perpetual Bond?
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.
What is OpenDelta Perpetual Bond's TVL?
OpenDelta Perpetual Bond currently has $12.3 in total value locked. TVL has increased 2.5% over the past 30 days.
What chains does OpenDelta Perpetual Bond operate on?
OpenDelta Perpetual Bond operates on Solana. Solana holds the largest share at 100%.
How does OpenDelta Perpetual Bond's TVL compare to similar protocols?
Among Basis Trading protocols tracked by DefiLlama, OpenDelta Perpetual Bond ranks #34 by TVL. The category holds $7.055b across 35 protocols, and OpenDelta Perpetual Bond accounts for <0.1% of that total. Other leading protocols include Ethena, Falcon Finance, and Solstice.