Understanding Squeeth | A Token To Track ETH² From Opyn

For more information about squeeth see the full article at https://jamesbachini.com/squeeth

A constant challenge for traders is to increase the upside potential of a trade while limiting the downside risk. Enter squeeth, or squared Ethereum which makes holders more money when price goes up and loses less when price goes down. Sound too good to be true? Well there must be a catch, right?

Squared ETH or Squeeth is a perpetual options protocol that provides unlimited upside leverage with no liquidations on long positions.

Squeeth isn't just a tool for traders, it can be used as a hedge for liquidity providers on Uniswap and it can provide a funding rate yield in sideways markets.

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#Squeeth #Opyn #DeFi