Q1. What is the total value locked in the Opyn Squeeth (osQETH) contract? And where does osqeth draw its value from? Opyn Squeeth (osQETH) TVL

• 84% of wallets have less than one osQETH locked in their wallet.
• 10% of wallets have between 1 and 5 osQETH in their wallets.
• 94% of wallets have less than 5 osQETH in their wallet

• From May 1 to June 19, Opyn Squeeth (osQETH) TVL has been on the rise and in recent days has reached about 53K osQETH.

• The number of wallets locked osQETH in their wallets has had a slight upward trend in the last two months.
• Current Total wallets locked osQETH : 4985 wallets.

Where does osQTH draw its value from?

• based on Opyn docs The price of osQETH will reflect accumulated funding since the contract is created.

• Long Squeeth holders pay a funding rate for this position, and enter the position by purchasing an ERC20 token.

• funding rates are payments made by long Squeeth traders to short Squeeth traders based on the disparity between the Index Price (ETH²) and the Mark Price (current trading price of Squeeth), regularly (Mark — Index). Funding rate is set through demand and supply for the contract, which will determine the distance between the index price (ETH²) and the mark price (Squeeth price). Note, the funding rate for Squeeth is almost always expected to be positive due to long Squeeth’s convexity premium, however it is possible to be negative (i.e. shorts pay longs if the rate is negative).

Concolusion :

The following results were obtained from the above analysis:

1. 84% of wallets have less than one osQETH locked in their wallet.
2. 10% of wallets have between 1 and 5 osQETH in their wallets.
3. 94% of wallets have less than 5 osQETH in their wallet.
4. From May 1 to June 19, Opyn Squeeth (osQETH) TVL has been on the rise .
5. osQETH TVL :53K osQETH.
6. The number of wallets locked osQETH in their wallets has had a slight upward trend in the last two months.
7. Current Total wallets locked osQETH : 4985 wallets.