OpenDelta collaborates with GMCI to launch cryptocurrency index products

Solana-based Startup OpenDelta Launches OpenDelta Perpetual Bond

OPENDELTA completes $2.15 million seed funding round led by 6TH MAN VENTURES

OpenDelta Raises $2.5M for Bitcoin-Linked Stablecoin

OPENDELTA completes $2.5 million pre-seed funding round led by 6th Man Ventures

The ecosystem is exploding with innovation. Liquid staking, on-chain order books, and yield-bearing assets. It's becoming impossible for one person to track it all, let alone manage a diversified portfolio. This is why we're building @opendelta_. To simplify access to the entire crypto market with a single token. Track the market, not the noise.

Not sure but... looks like something’s showing up on the horizon. You seeing this too, @opendelta? https://t.co/u8GhP0cd8u

6️⃣ OG30: turning benchmarks into investable assets While others are starting to tokenize indices, GMCI is already preparing its first onchain index product. OG30, powered by @opendelta_ is based on the $GMCI30 methodology and designed to offer direct exposure to the top 30 crypto assets. It will serve as both a benchmark and a tokenized unit of account, with staking and lending rewards integrated from day one. Passive crypto investing is about to get real.

OpenDelta Index Products are the first crypto-native indices that can truly scale. - Composed of native assets from any L1 or L2 - Yield and other productive uses passed along to holders - Efficient minting, redemptions, and rebalancing thanks to our hybrid infrastructure - Best-in-class methodology from @gmci_ - Liquidity from day one thanks to @wintermute_t It's a new era for crypto indices. Our market benchmark index, the OG30, will be launching soon. Stay tuned!

RT @gmci_: We’re excited to partner with @opendelta_ to bring the first GMCI Index Token, the OG30, on-chain! ☀️ Built on our GMCI30 Index…

Why Indexes, And Why Now? OpenDelta is gearing up to launch OpenDelta Indexes, a new set of products that offer easy on-chain exposure to curated, diversified baskets of crypto assets.So why are indexes important, why haven't they taken off in crypto, and what are we doing different? Let's dive in.

OpenDelta is making it easy to invest in high-quality portfolios of crypto assets. Curious how it all works? We'll share more this week! Subscribe to our blog for updates! https://t.co/0NFETg1Jlk

Crypto doesn't have to be complicated. OpenDelta Indexes offer one-click access to curated, diversified portfolios of assets. No more managing multiple wallets and accounts across multiple chains and layers. No more complex staking infrastructure across different apps and services. Just simple, one-click exposure. Coming soon.

This industry has seen parabolic growth in the number of new projects launched and the number of assets available for purchase.OpenDelta Indexes simplify the investing process, allowing users to easily gain one-click exposure to curated portfolios and market verticals.Stay tuned for more info soon!

OpenDelta Indexes make it easy to get exposure to specific market sectors. Get access to an entire portfolio of assets by buying just a single token that's tradeable, composable, and liquid on-chain. One-click access to the most exciting verticals in crypto. https://t.co/A76CrSF32o

OpenDelta's products allow for easy on-chain access to both stable value accrual (via OPB) and uncapped upside in the most exciting market sectors (via OpenDelta Indexes). https://t.co/c4OLAMuLyx

Get one-click exposure to the cult memecoin thesis with OpenDelta's Memecoin Cult Index (CULT).📈 https://t.co/XnkHeHdvn9

Today we're excited to share the first in our next set of products— OpenDelta Indexes.OD Indexes give you one-click exposure to specific market sectors and verticals via on-chain tokens.You get multi-chain asset exposure that's liquid, transferable, and composable across @solana without the complexity and hassle of managing a portfolio of positions.

👏Crypto Funding Summary (Nov 25 -Nov 29) ☘️ Congrats to @BleapApp @uniultra_xyz @usdx_money @BitSaveClub @PartiorOfficial @avantprotocol @VanillaFinance @opentrade_io @Schuman_io @margfinance @AstherusHub @opendelta_ @BRKTgg @Rarimo_protocol @N3musFdn @TalusNetwork @TrenFinance @kernel_dao 👉Click to learn more https://t.co/JaK0jZNh92

🥳 Crypto Funding Summary (Nov 25 -Nov 29) ☘️ Congrats to @BleapApp @uniultra_xyz @usdx_money @BitSaveClub @PartiorOfficial @avantprotocol @VanillaFinance @opentrade_io @Schuman_io @margfinance @AstherusHub @opendelta_ @BRKTgg @Rarimo_protocol @N3musFdn @TalusNetwork @TrenFinance @kernel_dao #Funding #NaboxWallet #ChainLabs

OpenDelta's trust-minimized infrastructure allows us to tap into centralized liquidity with minimum counterparty risk.This makes OPB extremely scalable and allows the product to earn yield from real economic activity in the deepest and most liquid derivatives markets.Our use of multi-party custody and off-exchange settlement allows us to access that without ever holding funds directly on the exchanges. Sustainable, market-driven yield. Full on-chain liquidity and composability. Minimum counterparty risk. Learn more at our website!

Current yield on OpenDelta Perpetual Bond (OPB) is 14.23% https://t.co/mUNJxJWbUh

Bitcoin-linked stablecoin firm @opendelta_ closed Pre-seed funding round from @anagramxyz, @aeyakovenko. Amount raised is not disclosed. https://t.co/AgKobYwCov https://t.co/zBFSxRiwkb

$5.05M and counting in TVL for OpenDelta Perpetual Bond. https://t.co/wNRJGQcJjx

The Bitcoin Basis Trade: - fully hedged collateral (principal is stable) - competitive yield - yield comes from real economic activity in crypto's deepest and most liquid marketsNow easily available on-chain on @solana via OpenDelta Perpetual Bond (OPB). OPB wraps the Bitcoin basis trade in a token on Solana to make it easily accessible. Yield is distributed automatically via the interest-bearing token extension, so no staking or lockups are required.

What if we told you that you could accrue yield automatically on-chain without having to stake or lock up your tokens in a smart contract? With OPB you can do just that, thanks to @solana's token extensions. Token extensions are program-level features built on top of Solana's token standards, and they enable new features to be built directly into tokens. They open up new use cases and user behaviors natively within the token standard. OpenDelta Perpetual Bond (OPB) is a tokenized Bitcoin basis trade. The token is backed by a fully hedged BTC position that earns yield from the funding rate in derivatives markets. So users get a dollar-denominated position that earns competitive, market-driven yield. Instead of having to stake your OPB to access the yield produced by the backing position, it accrues to your holdings automatically via the interest-bearing token extension. You can even watch the price tick up in real time as yield is distributed.

OpenDelta's OPB is now live on @DefiLlama! OPB is the easiest way to access the Bitcoin basis trade on @solana. Follow along as we grow. https://t.co/FkPqShm4AH

Today we are exciting to announce the official on-chain launch of OpenDelta Perpetual Bond (OPB)! OPB offers easy on-chain access to the Bitcoin basis trade. And with the magic of the @solana interest-bearing token extension, users get yield automatically without requiring staking or lockups.

OpenDelta Perpetual Bond (OPB) is the first tokenized Bitcoin cash-and-carry trade on Solana.It's backed by a fully hedged BTC position, so you get dollar-denominated stability with market-driven yield from the perpetual market funding rate.Real yield sourced from real economic activity. Easily available on-chain.Coming soon.

The OpenDelta team will be at Solana Breakpoint 2024 in Singapore this month! If you're interested in learning more about OPB or setting up a meeting with our team, shoot us a DM!

Where does the yield come from? There has been a lot of discussion within crypto recently about yield. DeFi is filled with far too many ambiguous sources of yield that largely come down to self-perpetuating token incentives. OpenDelta Perpetual Bond earns yield from real economic activity in crypto derivatives markets. These are the deepest and most liquid markets in all of crypto, and funding payments provide a sustainable, market-driven source of yield that flows to holders of OPB.

Stablecoin market is at an all-time high as stablecoins prove to be the killer use case for crypto. Next step is products that offer stable value and sustainable yield derived from real economic activity. That's where OpenDelta Perpetual Bond (OPB) comes in.

One of the killer features of OpenDelta Perpetual Bond (OPB) is our use of the @solana interest-bearing token extension. Yield accrues automatically to each and every token holder. No lockups or staking required. Full liquidity and composability, with built-in yield.

UXD is shutting down, but exposure to delta-neutral stability + yield is coming soon to Solana users via OpenDelta. UXD was a pioneer of the delta-neutral model for obtaining stability and was ahead of its time in many ways. OpenDelta builds upon that model with a few key improvements: 1. Trust-Minimized Access to Centralized Liquidity UXD was built on top of on-chain derivatives, which have a tiny fraction of the liquidity of centralized derivatives markets. UXD quickly ran into liquidity constraints that prevented it from being able to scale. OpenDelta taps into the largest and most liquid markets in crypto— centralized derivatives markets— but does so in a trust-minimized way via multi-party custody and off-exchange settlement. This allows OPB and other OpenDelta products to scale much more than something like UXD. 2. Native Yield The yield generated by UXD's positions was distributed to the DAO/protocol, rather than to holders of their stablecoin, UXP. OpenDelta Perpetual Bond (OPB) passes yield directly to holders, allowing them to easily access an on-chain asset designed for stable value accrual. Funding rates in derivatives markets produce a market-driven, sustainable source of yield. OPB allows holders to gain stability and access that yield directly. 3. Interest-Bearing Token Extension OpenDelta takes the entire delta-neutral derivatives position (fully hedged collateral plus yield) and wraps that into a single token called OPB. OPB is built on top of the native @solana interest-bearing token extension, so users get automatic yield distributions without requiring staking or lockups. And the token is fully composable across Solana DeFi. OpenDelta Perpetual Bond is coming soon to Solana. Reach out to us directly if you're interested in minting!

OpenDelta Perpetual Bond (OPB) is designed for stable value accrual.Hedged collateral means dollar-denominated principal, and the funding rate provides sustainable, market-driven yield. https://t.co/sAgiajYJqu

OpenDelta's OPB utilizes the interest-bearing Solana token extension. This means yield accrues automatically to holders. No staking or lockups required.

The funding rate in Bitcoin derivatives markets provides a sustainable, market-driven source of yield drawn from real economic activity.OpenDelta's OPB makes this easily available on-chain on @solana. https://t.co/6AkB4wppYo

OpenDelta's OPB will soon offer something new to the @solana market: an asset with stable principal and competitive yield. All without staking or lockups required. OPB is backed by BTC that's been hedged in a delta-neutral position and earns yield from the derivatives market funding rate. Stable principal value and competitive yield sourced from real economic activity in the deepest and most liquid crypto markets. Coming soon.

OPB is an on-chain asset for stable value and sustainable yield. Backed by a hedged BTC position, OPB maintains stability while also earning yield from the derivatives market funding rate. OpenDelta is bringing this yield on-chain on @solana for the first time. Easy to access. Fully composable. Coming soon.

Derivatives markets are the deepest and most liquid in crypto.These markets allow users to access forms of yield that are driven by real economic activity rather than self-perpetuating token incentives.For examples, users can enter into a delta-neutral position where their BTC is perfectly hedged (thus creating a dollar-stable balance) and earn yield from positive funding rates.Previously these opportunities were only available to traders who had access to these markets and could handle all of the infrastructure and risk management themselves.OpenDelta makes these yield opportunities easily available on-chain as a simple @solana token (built with the native yield-bearing token extension).This means new opportunities for users on-chain to hold stable, dollar-denominated balance that earn sustainable, market-driven yield. Fully composable within Solana DeFi. Our first product is OpenDelta Perpetual Bond (OPB), a dollar-denominated token backed by a hedged BTC position that earns yield from the funding rate.Coming to @solana soon!

New yield opportunities are coming to @solana. OpenDelta Perpetual Bond brings sustainable, market-driven yield from the Bitcoin derivatives market on-chain.Bitcoin derivatives markets are the deepest and most liquid markets in crypto, and hedged BTC positions can earn yield from real market activity while maintaining stable principal value.OPB makes this easy to access as a simple on-chain token. Fully composable within Solana DeFi.Coming soon.

OpenDelta Perpetual Bond (OPB) is the first product on @solana to offer users access to yield from the Bitcoin derivatives market funding rate. This gives OPB users the opportunity to hold stable value on-chain (OPB is backed by a fully hedged BTC position) while also earning competitive yield that has a different risk/return profile from treasury-backed stablecoins. If you are interested in being part of our beta program and minting OPB, please reach out to us!

Coming soon with OpenDelta.Easily access professional trading strategies, tokenized on-chain on @solana. Hold you value in a stable, delta-neutral position backed by hedged BTC. Earn sustainable, market-driven yield sourced from the deepest and most liquid markets in crypto.All built on trust-minimized infrastructure with full transparency on how collateral is managed.

OpenDelta Perpetual Bond (OPB) is designed for stable value accrual. BTC collateral is perfectly hedged to create a position that's price-stable in dollar terms. Then this position earns yield when funding rates are positive. This creates an asset that's dollar-denominated and earns market-driven yield derived from the deepest and most liquid markets in crypto. Easily accessible and fully composable on @solana.

OpenDelta operates trust-minimized infrastructure to tap into the largest and most liquid markets in crypto and bridge that yield on-chain.Let's take a look at how this works.Multi-Party CustodyAll the collateral backing OpenDelta positions is held in institutional-grade multi-party custody wallets. OpenDelta, an institutional-grade custodian, and the exchange itself are all parties to this wallet. No single institution has control of users' funds. Off Exchange Settlement When collateral is deposited into the multi-party wallet, the exchanges credit that collateral for trading.This means that OpenDelta is able to trade in the deepest, most liquid markets in crypto without ever holding funds directly on the exchange. Instead, we engage in periodic settlement with the exchange, and funds remain fully protected even in the event of an exchange hack or outage. Multi-Exchange Trading OpenDelta spreads positions across multiple exchanges (and engages with multiple custodians) in order to minimize counterparty risk and efficiently manage liquidity. ---This infrastructure stack allows OpenDelta to operate professional trading strategies at scale, tokenize them, and bridge them on-chain in a trust-minimized way. This brings new yield opportunities on-chain with easier access and more composability.

OpenDelta is bringing new yield opportunities to @solana. OpenDelta Perpetual Bond (OPB) is backed by a hedged Bitcoin position and earns yield from the derivatives market funding rate. Perfectly hedged collateral + funding payments = an asset designed for stable value accrual that earns yield from the biggest and most liquid markets in crypto. Interested in learning more? Get in touch!

Bitcoin derivatives markets, via the funding rate, provide a sustainable source of yield derived from real economic activity.OpenDelta bridges this on-chain as OPB: a convenient, liquid asset that allows users to easily access this yield.All built on trust-minimized infrastructure (multi-party collateral custody, off-exchange custody and settlement, automated risk management, and exchange diversification)...AND fully composable across @solana DeFi. Welcome to a new era of on-chain yield-bearing products. Coming soon.

OpenDelta Perpetual Bond is coming soon to @solana. OPB is a dollar-denominated, yield-bearing, on-chain asset designed for stable value accrual.How does it work? OPB is backed by Bitcoin collateral that's been perfectly hedged with a delta-neutral position on a derivatives exchange. This position is price-stable and earns yield from the derivatives market funding rate.OPB takes this entire position, including its native yield accrual, and wraps that into a token on Solana that can be held and transferred on-chain and utilized as a composable collateral asset in DeFi.The Bitcoin derivatives markets are some of the deepest and most liquid markets in crypto, and they produce (via the funding rate) one of the most consistent and sustainable sources of yield available. Previously, this yield has been been unavailable to many investors because it requires highly liquid derivatives markets and sophisticated risk management strategies. OpenDelta manages these operations in a trust-minimized way and bridges the products on-chain to make them easily accessible.The result is OPB. Users can easily access stable savings and sustainable, market-driven yield from the Bitcoin derivatives markets. AND they can utilize that across Solana for maximum speed, performance, and composability. OPB will be live later this summer. To learn more about OpenDelta, OPB, and our trust-minimized infrastructure to bridge this yield on-chain, check out our website, blog, and documentation.

Bitcoin: The hardest collateral asset with the deepest and most liquid markets. Solana: The most performant platform for smart contracts and tokenization. OpenDelta: Combining both for seamless access to yield-bearing assets that are fully composable across the DeFi landscape.

Solana's native token extensions provide incredible flexibility for users of the network. OpenDelta's OPB utilizes the interest-bearing token extension that's built into existing token standards. That means that users can earn automated yield without requiring staking, lockups, or rebasing. Simply hold the token and earn yield automatically, unlocking new possibilities for on-chain value accrual and DeFi. Coming very soon.

Today we want to share a bit about OpenDelta's first product: OpenDelta Perpetual Bond (OPB).OPB is a dollar-denominated, yield-bearing asset designed for stable value accrual. It is a tokenized representation of a hedged Bitcoin position that earns yield via the derivatives market funding rate.When users deposit BTC as collateral to mint OPB, that BTC is hedged in a delta-neutral strategy on Bitcoin derivatives markets. Behind the scenes, this means that OpenDelta holds a spot BTC position, while simultaneously taking out a 1x short position in a BTC/USD inversely priced perpetual swap. The resulting position is delta-neutral, meaning it's price-stable in dollar terms. Because of the way this position is constructed, it earns yield whenever funding rates are positive in this derivatives market.OPB offers a way to wrap that entire position, including its yield generation, into a simple token that can be held and moved on-chain and utilized as a composable asset in DeFi.OPB leverages @solana's native interest-bearing token extension to offer automated yield accrual directly to the token holders. Yield is paid out automatically to anyone who holds OPB, with no staking or lockups required.As a result, OPB offers users protected principal (the position is perfectly hedged) and market-driven, sustainable yield via the derivatives market funding rate. All without having to rely on fiat collateral.OpenDelta operates trust-minimized infrastructure to create OPB. We utilize off-exchange settlement, meaning collateral is held in MPC wallets with institutional-grade custodians and never sits on the exchange. OpenDelta also operates an insurance fund to mitigate risks and cover negative funding.OPB will be going live soon on Solana. To learn more, visit our website, browse our documentation, and sign up for our newsletter for future updates!

New OpenDelta website is live 👀Check it out to learn more about OpenDelta and OPB. https://t.co/BNUEAPkIyP

If you're interested in learning more about OpenDelta, the best place to start is our documentation. Recently updated with all relevant info about OpenDelta, our products, and our upcoming launch. https://t.co/VQaEhQg8KF

One of the core features of OpenDelta's infrastructure is our use of off-exchange settlement. Users deposit BTC to mint USDO, and OpenDelta uses that BTC to enter into a hedged position on a derivatives exchange. But, that BTC doesn't actually sit on the exchange. Instead, OpenDelta utilizes a system of off-exchange settlement. When users deposit funds, the collateral is held in a multi-sig wallet with OpenDelta, the exchange, and one of our institutional-grade custodians. This means that users funds are never held directly on the exchange. Instead, the exchange credits the multi-sig balance for trading and we perform periodic settlement of PnL. This means that OpenDelta can access the largest, most liquid BTC derivatives trading venues on earth, while also maintaining minimal counterparty risk and maximum security for depositors.

Today we're happy to announce our $2.15M pre-seed round, led by @6thManVentures!OpenDelta is developing USDO, a yield-bearing synthetic dollar for the Bitcoin ecosystem. https://t.co/2EBlvQd1wu