ETH² Position, Perpetual leverage without liquidation.
Opyn Squeeth Introduction
Long squeeth (ETH²) gives you a leveraged position with unlimited upside, protected downside, and no liquidations. Compared to a 2x leveraged position, you make more when ETH goes up and lose less when ETH goes down (excluding funding). Eg. If ETH goes up 5x, squeeth goes up 25x. You pay a funding rate for this position. Enter the position by purchasing an ERC20 token.