RealT.co is a progressive technology platform that offers investors the ability to purchase fractional real estate powered by blockchain. For around $50, you can purchase one token (or as many as you would like to invest) of a property. Investors are then paid a percentage of the tenant’s rent based on their investment in USDC through Ethereum or xDai network.
Opium, based on Ethereum, is a decentralized protocol, hosted through the Polygon network. One of the main use cases of Opium is protection (decentralised insurance).
Currently, all the properties offered on RealT.co are covered by the standard insurance to protect…
July has been a lovely summer month for the Opium team and the Opium community, with some exciting developments happening, meeting our passionate builders face-to-face, as well as launching some interesting new products.
Here’s a rundown of what we’ve been up to:
Every Friday, we will now be posting our staking pool performance to keep users and interested parties up to date with our results.
The ‘return since inception’ feature allows users to view the stakers total return on each pool from its inception date until the present date.
This way, the Opium community, as well as new, prospective stakers…
Summary: Opium and UMA combine their efforts and tools to show how off-chain data can be brought to Ethereum to grow the DeFi ecosystem. UMA’s Optimistic Oracle solution brings real-world data to Blockchain in a seamless, cheap and fast way. Coupled with a Decentralized insurance contract (CDS) of Opium, it shows the potential to create a theoretically limitless number of new products.
UMA was founded by ex-Goldman Sachs bonds traders, and Opium’s founder is a funds manager and derivative trader.
We’ve been saying it over and over: mass adoption is our main goal here at Opium. We relentlessly explore possibilities…
In a few years time we’ll look back at Q1 2021 and realize that it has been a pivotal time for crypto. Technological advancements, institutional adoption, an enormous influx of new users driven by the NFT craze and incredible innovations in DeFi — we have never been more bullish on crypto! Let’s look back & forward regarding developments in Opium Network!
In line with our obligation to identify and co-develop new “building blocks” for the whole DeFi ecosystem, we have shared a recent innovation of ours: A new implementation of Optimistic Oracles for DeFi!
1inch is a DEX aggregator that brings together liquidity from various DEXs. By splitting orders across multiple DEXes in one transaction, 1inch maintains the lowest slippage and bridges liquidity if a particular trading pair loses liquidity across all DEXes.
1INCH team has decided to cooperate with Opium Network to develop a double liquidity mining program for 1INCH-OPIUM liquidity providers. Over a six-month period (24 weeks), 0.01% (150k) of the total supply of 1INCH tokens will be allocated among providers of liquidity to the 1INCH-OPIUM pool under this liquidity mining program.
We liked the idea and decided to propose that token…
Opium Network is very excited to be among the first adopters of pNetwork’s new bridge for the Binance Smart Chain, enabling ETH and Ethereum-based tokens to be moved to the Binance Smart Chain. It is a small step for humanity, but an interesting step for Opium Network in testing the 2nd layer solution. This will allow our users to participate in Liquidity Mining and other programs with faster blockchain transaction confirmations and lower fee structures.
We proposed to launch an experimental Liquidity Mining pool on BSC version of 1inch. 10'000 $OPIUM tokens will be allocated to all BNB-pOPIUM pair liquidity…
Oliva Futures issues first decentralized olive oil derivatives on the Opium Platform
Why we need decentralized derivatives?
A lot has changed since the first financial derivatives contracts were issued. Several centuries ago, rice futures were issued on the Dojima Rice Exchange as one of the first financial derivative products. Today, such derivatives are a crucial part of our global financial system. They are financial instruments that allow market participants to manage their risk without sacrificing potential returns.
Simply put, derivatives allow market participants (traders, hedge funds, etc) to “hedge” against certain market risks in order to prevent massive losses in…
A few weeks ago, Opium Team and early investors of the project agreed to extend their token vesting schedule voluntarily. The tokens were linearly vested for 4 years and 2 years, respectively, but are now also subject to a 180-day vesting pause. The decision showcases the long-term commitment of early backers to the Opium community. More details could be found below
The first epoch of our USDT protection pool has concluded! It has proved to be a very lucrative opportunity for stakers, with an average of 11% APR in premiums paid to stakers and an additional ~300% APR in $OPIUM…
After a year to never forget, we’re already well on our way into 2021! Opium team kicked off the year with a blast, releasing some important and much-anticipated milestones. Let’s take some minutes to consider everything that happened in Opium Network last month!
Another important step in further decentralising the control and governance of the Opium Protocol: The Opium Governance was launched! It controls the protocol’s parameters and code. The governance system is controlled by Opium DAO, which will be managed by the holders of $OPIUM — the governance token of Opium Protocol. …
Introducing the Opium governance token
The goal of Opium is to create a synthetic derivatives protocol that can be used by anyone. Our number one priority has always been to decentralize the ownership of and control over Opium Protocol itself. Today, we have reached an important milestone towards achieving that goal.
We proudly introduce the Opium governance system, which controls the protocol’s parameters and code. Governance participants will have the right and responsibility to suggest, debate, and implement changes to the decentralised protocol.
$OPIUM token is created for governance purposes to transfer the ownership over Opium protocol to the community…