Big news: Coinbase is acquiring Opyn’s leadership team! Opyn’s mission has been to empower others through an inclusive, fair, and open financial system. We couldn’t imagine a better place than Coinbase to carry that vision forward. We are proud of the contributions we made to DeFi: we launched the first DeFi options protocol, built option infrastructure that is still in use today by DOVs, invented Power Perpetuals, developed Squeeth, and explored what if Everything is a Perp with Opyn Markets. Thank you to our community, users, investors, partners and the Opyn team, both past and present. Coinbase shares our belief that the future of finance is onchain and they are committed to making that a reality. @andrewjleone and @alpinechicken will be joining Coinbase to help bring more products and financial infrastructure onchain to manifest that vision. To every user that traded an oToken, Squeethed with us, loved the Crab, or nerded out with our research - we sincerely thank you. 🐱 To an onchain future. 🚀

Most traders think in deltas. But delta is.....has its limitations. Most value in markets lives in the second derivative. That’s convexity. Gamma. Vega. Vol. Let’s talk about why convexity-first DeFi is inevitable.

What if users could front-run the market makers? Uniswap LPs made millions by owning price discovery during token launches. Now, Opyn’s AMM Vaults are doing the same thing , but for perps. Here’s how 🧵