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.