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February 1, 2022, 9:47AM EST
• 7 min read
- 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 structured derivatives products, while also supporting the development of novel volatility-based on-chain derivatives.