Opyn Will Launch First Squeeth Strategy Tomorrow

TokenInsight news, decentralized options platform Opyn announced that it will launch its first Squeeth strategy, called The Crab strategy, on January 25. The strategy is actually a variation of the Gamma Scalping strategy for situations where market prices are moving sideways but volatility is low. The strategy has been packaged into a structured product and smart contracted. It can automatically handle deposits and withdrawals and adjust its internal ratio of long Squeeth contracts to ETH spot collateral to create a risk-neutral exposure to ETH price movement risk. Squeeth, an ETH power perpetual contract developed by Opyn, has been officially launched on Ethereum mainnet on January 11.