The ImmuneFi Bug Bounty program aims to strengthen Opyn’s security while boosting collaboration with the greater DeFi ecosystem as part of our coverage partnership with Sherlock Protocol. Opyn has launched a $1 million bug bounty program with ImmuneFi as part of our $10 million coverage partnership with Sherlock Protocol. This…

Today, we’re introducing the new Opyn brand, including a new homepage and a redesigned options chain! What is Opyn? Opyn is a capital efficient DeFi options protocol that allows users to buy, sell, and create options on ERC20s. For developers, Opyn is the most flexible and secure options protocol in DeFi. …

We are excited to announce that the Opyn v2 protocol is now integrated on mainnet with market-leading decentralized oracle network Chainlink to power the Opyn Oracle module. Opyn v2 protocol went live on December 29th, 2020 with a WETH-USDC options market. …

Overview of Opyn v2 and announcing v2 Bug Bounty — Opyn v1 laid the foundation for DeFi options as the first live ERC20 options protocol. For the first time, anyone could create, buy, and sell options on any ERC20 token. Opyn v1 will remain live on the Ethereum network, providing a venue for American, physically settled options. We’ve heard your…

Calling all DeFi BUIDLers — we wanted to share some ideas for what you can build with Opyn v2! …

Maker Medianizer — 9/29/20 Update Insurance oToken Oracle Update: Maker holders have approved the executive vote which includes Opyn’s oracle whitelisting application. We have unpaused the insurance contracts and they are functioning normally. 9/24/20 Update Insurance oToken Oracle Update: Maker holders have approved Opyn’s oracle whitelisting application in the polling process. Opyn’s proposal will be bundled and…

This post provides information about the Opyn oETH put exploit. Specifically, what we are doing about it, the timeline of events of the Opyn oETH put exploit, an analysis of the exploit itself, details about the white hat actions taken to recover at risk funds, and next steps going forward. …

An exploit affecting the Opyn ETH Put contracts has been discovered. All other Opyn contracts other than the ETH Put contracts are not affected by this exploit. Since then, we have taken steps to mitigate further loss and will work to assist those who were affected. What happened? This morning, at approximately…

June 22nd, 2020 — San Francisco: Opyn has raised $2.16mm to bring risk management to decentralized finance (DeFi), further strengthening the company’s position as the primary DeFi platform available that allows cryptocurrency investors to hedge their Ethereum (ETH) and Decentralized Finance investments through options. The financing was led by Haseeb…