Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two

Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two
Is a 10-fold price return not doing it for you? How about 90x?The latest structured-finance alchemy from the crypto industry allows traders to get exponential returns on the price of ether (ETH), already one of the world’s most volatile assets.Last week, the decentralized options protocol Opyn launched an ether derivative contract linked to a new index called Squeeth – a word play on “squared-ether.” The index tracks ether’s price change, raised to the power of two. It takes leverage to the exponential degree.There’s even a token for that: Traders can take bullish exposure to the Squeeth index by purchasing oSQTH…