Opeth Finance

Open your wallet, pick a strategy, and turn options positions into usable DeFi collateral. With Opeth, you take Opyn’s oTokens you’ve minted or bought and put them to work across lending, trading, and liquidity workflows. Start by connecting your wallet, choosing the market (asset, strike, and expiry) on Opyn, and obtaining the oTokens that match your view. Deposit those positions into Opeth to collateralize a vault, set your target loan-to-value, and confirm. From there, you can borrow stablecoins against your option exposure, route that capital to AMMs, or stack it in yield strategies you already use. When expiries approach, you can roll into the next series by swapping for new oTokens and updating your collateral in a single flow.

If you’re focused on earning, use Opeth to organize income strategies without sidelining your assets. Writers who sell calls or puts on Opyn can deposit the resulting oTokens into Opeth and still access liquidity: post them, borrow stablecoins, and deploy into pools while keeping the options payoff intact. Liquidity providers can group positions by expiry or strike, move collateral between vaults as markets shift, and automate periodic rebalancing by setting reminders to roll before settlement. Track unrealized PnL at the vault level and react quickly—top up collateral when implied volatility spikes or unwind partial positions to lock in gains while maintaining flexibility for the next cycle. more