Opium is a universal and robust protocol that allows for creating, settling, and trading decentralized derivatives on Ethereum. Opium allows combining any oracle with any financial instrument. Every position is represented by a token that can be traded, sent or stored in cold wallets.
Opium Protocol is different from its competitors because by design it does not allow for on-chain tail risk (ie. unlimited losses or returns). Instead, it offers robust and universal financial primitives on-chain, whilst allowing for more advanced features (eg. order books, combined orders, market making strategies) off-chain through metatransactions.
How to use Opium?
The best way to get started is by heading over to [Opium Finance, https://opium.finance/]. There you can find all new Turbo and Insurance products together with Staking pools. Please DYOR before using any products. For more professional traders there are Opium Exchange where you can find all derivatives currently listed and view their details as well as a walkthrough for first-time visitors.