
Opyn
Opyn is a permissionless perp trading protocol that lets anyone deploy a perp trading ecosystem for any pair of ERC-20 tokens.

What is Opyn?
Opyn is a permissionless perp trading protocol that enables anyone to deploy a perp trading ecosystem for any pair of ERC-20 tokens. The platform reimagines DeFi primitives as perps, including stablecoins, Uniswap LPs, linear perps, and gamma perps. Opyn features automated market making vaults where users can passively provide liquidity and earn fees on every perp trade. The protocol offers TradFi-level capital efficiency with on-chain portfolio margin, where all collateral assets work together as part of a portfolio. Opyn is backed by investors including Robot Ventures, 1kx, Coinbase, and Coinfund, and offers a $1,000,000 bug bounty.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.

