OpenDelta Perpe...
(OPB)

Total Value Locked$5,045,989

Chain Breakdown
Solana	$5.05m

USD SOL

Information

Protocol Information

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.

Category: Basis Trading

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Token Information

Address:opbrKSFx...YZ6QKE

View on Solscan

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.

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Competitors

Ethena ($3.6b)USDX Money ($182.29m)BounceBit Premium ($182.18m)Manta CeDeFi ($121.07m)Manta MYield ($114.56m)Superstate USCC ($35.64m)Resolv ($25.44m)BounceBit Easy ($11.85m)Tangible Arcana ($2.09m)Astherus USDF ($2m)

OpenDelta Perpe...(OPB)