Opyn Contract Total Value Locked
Squeeth is a platform that allows users to go long or short on ETH^2 by using power perpetuals. The name squeeth is a mash up of squared eth. There is no leverage on long positions which means no liquidation. The long position is represented by the erc-20 oSQTH. A user can purchase oSQTH from the Uniswap liquidity pool or mint it directly on Squeeth by depositing ETH into the contract. Short positions are NFTs (erc-721) which are minted after putting down ETH collateral. The contract then creates the position by minting oSQTH and then selling in the Uniswap pool for ETH. The core controller contract is the cornerstone of the platform and holds the collateral for both longs and shorts.