Octopus protocol: Disrupting The DeFi Derivatives Market

Octopus protocol: Disrupting The DeFi Derivatives Market

John Williams
John Williams

There have been several disruptions in the crypto industry in 2021, and we are only halfway into the year. In the derivatives market, Octopus Protocol is one of the leading disruptors in the industry. In addition, the decentralized finance (DeFi) market has grown into a $100 billion sector.

According to DeFi Pulse, the total value locked of DeFi assets on the Ethereum blockchain has risen to $66 billion. The value more than quadrupled since January 2021, when it was at $15 billion. DeFi has also taken off in a big way on Binance Smart Chain (BSC). According to Defistation, the total value locked of DeFi assets on the Binance Smart Chain is $38 billion. The interesting thing is that the market will continue to grow and expand, and Octopus Protocol is one of the projects looking to leverage the rise of this great market.

Octopus Protocol is a decentralized finance protocol that is built on the Binance Smart Chain (BSC). It allows users to issue, trade, and manage decentralized derivative assets. The Octopus platform has a trustless architecture that makes it possible for developers and decentralized autonomous organizations (DAO) to deploy and create derivative assets on the Binance Smart Chain network.

These derivative assets or synthetic assets created on the blockchain network can represent some underlying assets in the real world. Octopus seeks to leverage the huge and untapped potential of the decentralized derivatives market. The ecosystem offers an affordable market solution for the entire decentralized derivatives market.

The Octopus Token

Octopus has a native token known as the OPS token, a BEP20 standard. It is designed to empower the Octopus ecosystem. It will also serve as an incentive and reward for individuals using the Octopus platform. The OPS token will also confer voting rights to the Octopus community on governance within the protocol. OPS token supply is fixed at 150,000,000, and it has an initial supply of 8,700,000.

The Octopus ecosystem offers numerous benefits, and they include the following:

Unlimited exposure to synthetic assets

The ecosystem offers users unlimited exposure to multiple instruments from several derivative assets like stocks, bonds, equities, futures (raised as tokenized assets), etc. It also provides you with trade derivatives with tight spreads and multiple innovative hedge instruments with no liquidation risks. Furthermore, as a user on the Octopus platform, you can mint blockchain-based synthetic assets with the use of various tools. In turn, this creates equal opportunity and accessibility for everyone using the platform. Another interesting thing about the Octopus ecosystem is that you can switch between any derivatives assets without even holding the underlying asset.

Efficient management of your assets

With the Octopus’ non-custodial wallet, you can manage all your assets and positions. Therefore, you will be the one in control of your funds at all times. It also enables you to keep track of your trading history and overall portfolio balance. Octopus also connects asset managers to investors in a decentralized and peer-to-peer infrastructure.

Access to effective and efficient trading guide

Octopus offers you total transparency on the performance of collective strategies, the ways these strategies are set up, and how they are operated. As a beginner, you can access first-hand expert trades by following the trading patterns of experienced traders. You can also follow the trading pattern of your preferred trader in real-time. Other benefits of using the Octopus platform include asset exposure, more trading options, hedging against risks, etc.

Closing Thoughts

Derivatives assets are undoubtedly generating huge awareness, mostly due to their limitless possibilities. This year 2021, is very integral to the growth of the DeFi market, and Octopus Protocol is positioning itself to disrupt the market enjoy its untapped potential.