Daniele from Opyn here. Our goal is to offer options for DeFi and we are glad to be considered as an alternative for this yETH strategy. We are always supportive of community projects focused on growing the ecosystem and create value for final users.
The proposed strategy could be implemented using our current protocol with minimal effort.
The vault could use options already available in Opyn. Based on our current metrics and volumes we are confident that strategy underwriting/overwriting ETH would be quite successful given sufficient liquidity.
Additional notes about Opyn:
- We finalized Opyn v2 (Gamma Protocol) and is in the auditing process. V2 is a big step forward and will be optimized to be more capital efficient, increase liquidity and facilitate unique automated trading strategies.
- In addition to v2 we are building new trading venues and an option specific AMM to ensure a more liquid markets around options.
We would love to collaborate and integrate Opyn as the option protocol for this yETH and future yEarn strategies.