Opium is a general-purpose and comprehensive derivative protocol that can be used to create, settle, and trade any decentralized derivative.
OPIUM is a governance token that can be earned by actively participating in the Opium protocol ecosystem.
OPIUM tokens are not financial instruments or securities. They simply serve as a tool that will help us and the community build the foundation for a derivative trading ecosystem that will be permissionless and decentralized.

Project Overview

The Opium protocol is a general-purpose protocol that allows for the creation, settlement, and trading of almost any derivative and financial instrument in a professional and trustless way. It allows anyone to build custom exchange-traded products on top of the Ethereum blockchain. Once created, they can be freely traded through a relay network and priced based on supply and demand.

The Opium network is a learning ecosystem that can work with custom logic for derivatives and oracles. All created positions are represented by ERC-721o tokens, specifically designed for trading financial instruments, which can be combined into portfolios and traded natively in bundled orders. At the same time, these tokens are backward compatible with the ERC-721 token standard and can be used within the existing ecosystem.

Opium introduces “Turing-complete derivatives” (including exchange-traded and over-the-counter) and “Turing-complete oracles”. This combination allows for the creation of contracts that go far beyond financial derivatives. Contracts for any event, such as sporting events or even lotteries, can be established within the existing ecosystem. Because derivatives can be combined together, it opens up a vast range of use cases.