Opyn Inc.

Based in the US, Opyn Inc. is a decentralized finance (DeFi) company focused on providing innovative trading solutions through perpetual contracts, enhancing capital efficiency for crypto traders and investors. Founded in 2019 and headquartered in San Francisco, US, Opyn Inc. specializes in decentralized trading products.

The company has undergone a successful funding journey, raising USD 6. 7 mn in Series A funding on February 3, 2021, led by Paradigm with additional support from Dragonfly Capital Partners. Zubin Koticha serves as the CEO, with leadership experience in other ventures. Opyn Markets offers a suite of innovative decentralized finance (DeFi) products centered around perpetual contracts, known as perps, which are designed for a diverse array of assets.

Their core product is an automated perpetual market-making vault that earns fees from all trades executed on their platform. This service allows users to engage in linear, stable, and option-like perps, enhancing capital efficiency akin to traditional finance (TradFi). Users can utilize on-chain portfolio margin for each market, which integrates margin across perps, collateral assets, vaults, and Uniswap liquidity pools. The company primarily serves a global client base of crypto traders and investors looking to capitalize on unique trading opportunities, with a focus on markets in North America, Europe, and Asia.

Opyn Markets generates revenue through transaction fees incurred when users engage with its perpetual market-making vaults and execute trades on the platform. Revenue is structured around the fees charged for each trade, which is applicable to various user segments, including both individual traders and institutional investors. Users pay fees each time they interact with the automated market-making features, thereby contributing to the overall revenue stream. The company’s fee structure is designed to be competitive within the DeFi space, promoting widespread adoption and usage among crypto traders.

Opyn’s transaction model supports a direct-to-consumer approach, facilitating seamless interactions between the platform and its users without intermediaries. In February 2021, Opyn Inc. raised USD 6. 7 mn in Series A funding led by Paradigm, with participation from Dragonfly Capital Partners.

The funding will be allocated towards further development and security of the gamma protocol. The company aims to enhance its product offerings and expand into new markets, specifically targeting regions such as North America and Europe. As Mr. Zubin Koticha remains CEO, strategic initiatives are set to drive growth and innovation in their DeFi solutions.