Provides a yield-bearing synthetic dollar, the OpenDelta Perpetual Bond (OPB), backed by delta-neutral Bitcoin collateral hedged across global derivatives exchanges. This tokenized asset offers stable, dollar-denominated value accrual and continuous yield generation from funding rates, with principal protection against Bitcoin price fluctuations. OPB is fully on-chain, utilizing Solana’s SPL token standard for automatic yield distribution and seamless integration with DeFi applications.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of accessing stable, dollar-denominated savings and yield in the crypto market often require converting to fiat or relying on centralized intermediaries. This can expose users to counterparty risk, KYC/AML requirements, and limited composability within the decentralized finance (DeFi) ecosystem.
Solution
OpenDelta offers the OpenDelta Perpetual Bond (OPB), a yield-bearing synthetic dollar backed by delta-neutral Bitcoin collateral hedged across global derivatives exchanges. This on-chain asset provides stable value accrual and continuous yield generation from funding rates, while protecting the principal against Bitcoin price fluctuations. By utilizing Bitcoin as collateral and hedging it in a delta-neutral position, OPB offers a dollar-denominated savings and yield solution without requiring fiat conversion. The OPB token is built on Solana's SPL token standard, enabling automatic yield distribution and seamless integration with DeFi applications.
Target Audience
The primary target audience includes crypto users seeking stable, dollar-denominated savings and yield opportunities within the DeFi ecosystem, as well as developers looking to integrate a yield-bearing stable asset into their Solana-based applications.
Features
- Delta-neutral hedging strategy using Bitcoin collateral across multiple derivatives exchanges to maintain dollar-denominated stability.
- Automatic yield accrual and compounding through Solana's interest-bearing token extension.
- Principal protection against Bitcoin price volatility via the delta-neutral hedging mechanism.
- Off-exchange settlement using institutional-grade MPC wallets to minimize counterparty risk.
- Insurance fund to cover negative funding rates, ensuring continuous yield for OPB holders.
- Compatibility with any Solana wallet and integration with various DeFi applications.
- KYC/AML screening required for minting OPB directly through the OpenDelta platform.