Squeeth, the new derivative launched by Opyn, is officially launched on Ethereum's mainnet.

On January 11, Opyn, the DeFi protocol of choice, announced that the new update, Squeeth, was announced on the Ethereum mainnet. Opyn developers write about the products. SQUEETH claims to be a "new DeFi primitive" that allows Stabilitycoin / ETH providers to receive exchange rates without being affected by Ethereum's volatility. DeFi clients can block the use of value tokens, leveraged tokens, options and futures offered through decentralized processes. The product also leads to a discussion of new developments in synthetic derivatives.