Opyn

Open the app, connect a wallet, and pick the protection you actually need. Select the asset—ETH or another supported token—and declare what you’re covering: spot, a lending position, or LP tokens. Choose a template: downside floor (buy puts), income with a cap (covered calls), or a balanced collar. Set expiry and strike with sliders, preview payoff and breakevens, then approve collateral and execute. Enable alerts for price, time-to-expiry, and premium changes so you know when to adjust.

After entry, run your book like a routine. The dashboard shows PnL, delta, and days remaining. If price drops, add units or take profits on in-the-money legs; if nothing changed except time, roll forward in one flow that closes and reopens. Keep a budget by capping premium per month and letting automation skip rolls that exceed it. Consolidate collateral, export a CSV for accounting, and at expiry choose to settle, exercise, or let it lapse with guided prompts.

For teams and DAOs, build a simple treasury cadence. Set a quarterly risk budget, pick a laddered strategy, and route transactions through a multisig. Share a read-only link so contributors track coverage, cost, and runway. Before execution, stress test: simulate drawdowns, volatility spikes, and funding changes; compare with- and without-hedge outcomes. Afterward, run a monthly check-in to roll, resize, or unwind based on net exposure and revenue, with on-chain records ready for governance. more