Opyn is Live on Mainnet!
Today, we’re excited to release the alpha version of Opyn.co on the Ethereum mainnet!
At Opyn, we are building a noncustodial margin trading platform on top of Ethereum, Compound, Uniswap, and DAI, enabling anyone to go long or short on ERC20s with a powerful and easy-to-use platform.
Opyn lets you easily track and manage your long and short positions. It helps you keep tabs on your returns, reminds you to adjust collateralization, and helps you close out positions. ETH, REP, 0x, and BAT trading are available immediately, with other tokens coming soon.
Over the coming weeks, we will be working to integrate other DeFi platforms, allowing us to pool liquidity from multiple decentralized exchanges and lending platforms to get users the best price and lowest interest rates that are available across the whole DeFi ecosystem. We will also be adding different magnitudes of leverage in the future.
Opyn’s goal is dedicated to empowering people through an inclusive, fair, and open financial system, and we believe that Decentralized Finance is that system. DeFi has given birth to building blocks of the financial primitives that will power the financial system of the future. By chaining together these blocks (pun intended 😃), there’s a huge set of amazing new financial applications we can build.
If you have any questions or feedback, please get in touch by emailing hello@opyn.co! We love hearing from you.
PS: As an alpha product, this product is still experimental software. Therefore, we advise using the product to open small positions at the moment. We are continually improving the product, so we would love to hear your feedback, questions, or feature requests — you are an integral part of our development process.
