After closing a successful investment round Opium Team has been heads-down in November, working on the next milestones for Opium Network. Let's consider what we have been working on and recap the media attention that November brought Opium!
Team updates
Recap: Opium Protocol has closed a $3.25 million funding round
A few weeks ago Opium Team announced the closing of a successful funding round, with top backers from the industry. We're very proud of our backers and they will bring more value to the project besides funds.
The funds will be used to further build and nurture a professional ecosystem for decentralized analogues of financial derivatives. In addition to closing this funding round, Opium Team welcomed Stani Kulechov (Aave) as an official advisor to the team. Read the full announcement below!
Announcement of decentralized governance and $OPIUM token
Last month we shared our vision on decentralization for decentralized financial protocols such as Opium Protocol. Ever since we started the project we intended to eventually hand over responsibility over the Opium Protocol to the community. The process towards full decentralization will be gradual. This marks the start of an exciting journey for the Opium project, which will also include the token generation event for the $OPIUM governance token. Read the full post below!
WARNING: Please note that the official $OPIUM token is not live yet. Numerous scams have been reported so stay safe out there and follow our official channels for updates.
Product updates
Opium Insurance announced
DeFi is full of risks today and the market needs easy insurance products—something we have learned from our users, community members, investors and ecosystem partners. Our answer to this problem will be Opium Insurance—a one-click solution for buying various types of insurance for your DeFi portfolio.
Opium Insurance will launch soon, so stay tuned for more info! (PS: Check out the MikoBits Show recording with our founder Andrey for some teasers about the product.)
Media & Events
DeFi panel @ ETHBerlin's virtual crypto talkshow TwoPointFive
Opium Team member Deniz was part of this year's organizing committee and set up a DeFi panel with top speakers such as Opium founder Andrey Belyakov, Aave's Stani Kulechov, Melon Protocol's Mona El Isa, UMA's Clayton Roche and DODO's Diane Dai. The panel was hosted by our dear friend Yama Zhang—working for Three Arrows Capital and founder of the CryptoTonight podcast.
The full recording is available below—the video starts at the beginning of the DeFi Panel.
Opium founder Andrey @ MikoBits Show
Andrey was invited to an in-depth interview with Miko Matsumura—host of the MikoBits show! The interview covered everything from hedge fund strategies, risk management strategies in DeFi and also the first announcement of Opium Insurance! Check it out below.
Keynote @ Korea Blockchain Week: "A professional trader’s take on DeFi"
Our founder Andrey had the opportunity to give a keynote presentation at Korea Blockchain Week. An insightful 12 minutes from a professional trader's perspective on today's DeFi space. The recording is available below—also check out other speakers using Korea Blockchain Week's amazing Netflix-style website!
Opium Protocol featured in report on DeFi Derivatives
We thought this report was worth sharing—an elaborate analysis of DeFi derivative solutions available today. Published by Lemniscap and featuring Opium Protocol! The full report can be accessed through the Medium post below:
Stay tuned for more announcements!
Make sure you follow all official channels below to stay up-to-date on Opium Insurance, Opium governance, the $OPIUM token and more!
About Opium
Opium is a universal and robust DeFi protocol that allows for creating, settling, and trading decentralised derivatives. Use our products today to speculate on opportunities inside and outside of DeFi, or hedge yourself against trading risks.
Explore Opium Protocol or try out Opium Exchange.
Stay informed through following us on Twitter, joining our Telegram chat and announcements channel.
