Rank #893
4,165 people like this
opium  (OPIUM)

Opium (OPIUM)

$2.13 -13.1%
0.00004995 BTC -9.1%
0.00072875 ETH -7.6%
4,165 people like this
24H Range
Market Cap $15,419,247
24 Hour Trading Vol $776,869
Fully Diluted Valuation $213,555,257
Total Value Locked (TVL) $2,743,277
Fully Diluted Valuation / TVL Ratio 77.85
Market Cap / TVL Ratio 5.62
Circulating Supply 7,220,261
Total Supply 100,000,000
Max Supply 100,000,000
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Opium (OPIUM) Price Chart

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OPIUM Price and Market Stats

OPIUM Price $2.13
Market Cap $15,419,247
Market Cap Dominance 0.00%
Trading Volume $776,461
Volume / Market Cap 0.0506
24h Low / 24h High $2.04 / $2.55
7d Low / 7d High $1.80 / $2.55
Market Cap Rank #893
All-Time High $23.01 -90.7%
Feb 04, 2021 (8 months)
All-Time Low $1.21 75.5%
Jul 20, 2021 (2 months)

Opium Coin Price & Market Data

Opium price today is $2.13 with a 24-hour trading volume of $776,869. OPIUM price is down -13.1% in the last 24 hours. It has a circulating supply of 7.2 Million OPIUM coins and a total supply of 100 Million. If you are looking to buy or sell Opium, Sushiswap is currently the most active exchange.

What is OPIUM?

OPIUM is the governance token for the Opium protocol. 


How to obtain OPIUM?

You can purchase OPIUM from exchanges such as 1Inch or Sushiswap. You can find OPIUM trading on various centralized and decentralized cryptocurrency exchanges


What is Opium Finance?

opium finance defi options

Opium is a decentralized derivative protocol. 

It offers two products: USDT de-pegging insurance and a fixed interest rate investment product. 


What is the USDT de-pegging insurance?

Users can buy cover for USDT de-pegging risk. Opium designed the product by allowing users to have USDC if USDT is de-pegged. 

For example, if a user purchases a 100 USDT cover and if USDT drops by more than 5% compared to USDC, the cover holder will receive 100 USDC.

Like Cover Protocol, the covers are sold on a series of dates decided beforehand, so users do not have flexibility in choosing the date and period. Plus, the availability of covers is minimal. 

On the other side, users can lend out USDC to Opium for Opium to sell the covers. 


What is the fixed interest rate product?

Opium utilizes Compound for lending. Opium divides the yield received into two tranches:

  1. Senior tranche

Users that deposit DAI into the pool are expected to receive a fixed interest rate of 5%. 

  1. Junior tranche

If the variable lending rate of Compound is lower than 5%, then the lending return and staked amount from the Junior tranche are at risk to be forfeited to pay the senior tranche. As a reward for taking the risk, this tranche will receive all the excess interest if Compound’s lending rate is above 5%.


Opium News & Guides

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