OpenDelta Perpetual Bond
OpenDelta Perpe...
Description
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.
Total Value Locked
$5,042,351
| Solana: | $5.04m |
|---|
Charts
- Flows
Methodology
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.
Protocol Information
Token Information