1inch integrates with Opium It's time for some new earning | Opium News

1inch integrates with Opium

It's time for some new earning opportunities!

We're glad to announce an integration with the derivatives platform Opium, which will enable users to take advantage of its derivatives pools directly in the 1inch dApp.

Crypto derivatives work similarly to options contracts, enabling users to purchase insurance against, for instance, a significant decline in the price of ETH, or, conversely, to bet on an increase in its price.

For instance, a user can buy Turbo ETH with a strike price of $2,200, which means that if ETH’s price goes above $2,200 at a specified date in the future, the user will automatically collect the difference between the price at the time of purchase and $2,200.

Users providing liquidity to derivatives pools will collect yields coming from fees paid by buyers of derivatives.

Based on performance at the time of launch, the annualized return for the Turbo 1INCH derivatives pool on Ethereum is projected to be 8.9%.

Initially, the Turbo 1INCH derivatives pool will be available on Ethereum, while on Polygon, users will be able to choose between Turbo 1INCH, Turbo ETH and the ETH Dump Protection.

Check this Help Center article for more details:
https://help.1inch.io/en/articles/6162115-what-is-1inch-turbo-and-how-does-it-work

More info: https://blog.1inch.io/1inch-integrates-with-opium-aa98d496a004

Retweet: https://twitter.com/1inch/status/1534898782592045057

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