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opium  (OPIUM)

Opium (OPIUM)

$2.17 -1.6%
0.00005997 BTC -0.7%
0.00096469 ETH -2.2%
3,300 people like this
Market Cap
$14,480,646
24 Hour Trading Vol
$135,384
24h Low / 24h High
$2.10 / $2.21
Circulating Supply
6,684,912 / 100,000,000
Fully Diluted Valuation
$216,616,832
Max Supply
100,000,000
Total Value Locked (TVL)
$527,557
Market Cap / TVL Ratio
27.45
Fully Diluted Valuation / TVL Ratio
410.6

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1h
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-39.0%
-45.4%

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Opium Price and Market Stats

Opium Price
OPIUM Price $2.17
Market Cap $14,480,646
Market Cap Dominance 0.00%
Trading Volume $135,384
Volume / Market Cap 0.0093
24h Low / 24h High $2.10 / $2.21
7d Low / 7d High $2.11 / $2.46
Market Cap Rank #758
All-Time High $23.01 -90.6%
Feb 04, 2021 (5 months)
All-Time Low $1.99 9.2%
Jun 12, 2021 (7 days)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 OPIUM/ETH Info 0x888888888889c00c67689029d7856aac1065ec11
$2.11
0.0009384071036438 ETH
0.6% $4,934 $4,919
$11,325
5368.571 0X888
8.35% Recently
2 OPIUM/USDT
$2.20
2.194 USDT
2.74% $4,224 $2,228
$6,676
3035.220 OPIUM
4.92% Recently
3
MXC MXC
OPIUM/USDT
$2.20
2.1957 USDT
1.46% $48 $12
$68,245
31015.550 OPIUM
50.40% Recently
4 OPIUM/USDT
$2.28
2.2799 USDT
1.55% $11 $3
$2,072
907.728 OPIUM
1.53% **about 1 hour ago Updated about 1 hour ago
5 OPIUM/ETH 0x888888888889c00c67689029d7856aac1065ec11
$2.12
0.0009451751454875 ETH
0.6% $36,806 $36,695
$48,904
23016.675 0X888
36.33% **about 4 hours ago Updated recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Opium Coin Price & Market Data

Opium price today is $2.17 with a 24-hour trading volume of $135,384. OPIUM price is down -1.6% in the last 24 hours. It has a circulating supply of 6.7 Million OPIUM coins and a max 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%.


 

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