In this dashboard, we’re gonna take a look at total value locked on opyn pools and specifically on osQETH contract.

At first, I tried to find the pool addresses that have the SQETH token locked in their address, so in order to find the addresses, I used dex_liquidity_pools table. Then I used those addresses to get their balances from erc20_balances and calculated the daily tvl on opyn in USD value of the day.

I wanted to see how that changed over the last month and as we can see the peak is on June 9th.

And to answer the bounty’s question precisely, the amount of total value locked in opyn osQETH contract is about 228.3k in USD.

Where does osqeth draw its value from?

• Squeeth effectively takes options & removes strikes and expiries to create a single ERC20 (oSQTH) representing the entire options chain

• Squeeth introduces much lower risk via hedging than non-liquid option markets

• Squeeth Strategies allow users to simply deposit ETH and the contract automatically manages the strategy

  
  These are the reasons I have found in order to understand why osqeth is valuable.