No liquidation, squared leverage!? Squeeth is nuts!

Squeeth is short for Squared Eth. It's a new power perpetual from Opyn allowing users to benefit from convexity when going long ETH. Long squeeth (ETH²) gives you a leveraged position with unlimited upside, protected downside, and no liquidations. Compared to a 2x leveraged position, you make more when ETH goes up and lose less when ETH goes down (excluding funding). Eg. If ETH goes up 5x, squeeth goes up 25x. You pay a funding rate for this position. There's also a Short Eth option as well as automated strategies to help take some of the pain out of managing your positions.

WARNING: Squeeth is not suited to long-term HODL, it's best used for short term plays.

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Let's go deep.

00:00 Shortest ever Defiant intro
16:05 Sponsors
01:39 Squeeth explained ELI5 style
02:15 Paradigm and then birth of Power Perpetuals
03:09 Convexity - exponential vs linear gains
04:27 An example, Hans Gruber makes a 9x
05:03 No strikes, no expiries, no liquidations
05:52 Index, Mark and Funding Rate
07:19 Long Squeeth
07:54 Short Squeeth
10:40 Strategies - the Crab
13:02 Quick run through the dashboard

Squeeth - https://squeeth.opyn.co/
FAQ's - https://opyn.gitbook.io/squeeth/resources/squeeth-faq
Hedging Uniswap LP with Squeeth - https://medium.com/opyn/hedging-uniswap-v3-with-squeeth-bcaf1750ea11

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