OpenDelta Perpetual Bond
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Protocol TVL
About OpenDelta Perpetual Bond
OpenDelta's perpetual bond (OPB) is created by hedging Bitcoin collateral across a variety of global derivatives exchanges in a trust-minimized way. This process creates a position that’s stable in dollar terms, protects the holder against downside risk, and earns continuous yield from the derivatives market funding rate.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How OpenDelta Perpetual Bond's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
TVL is calculated by multiplying the OPB token supply by the current USD value of 1.0 OPB. Initially worth $1.0, 1.0 OPB now reflects its increased value from accrued interest, derived using amountToUiAmount approach of Solana Token2022 Interest Bearing extension.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
OpenDelta Perpetual Bond Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Nov 13, 2024Listed on DeFiLlama
Protocol Profile
OpenDelta Perpetual Bond operates in the Basis Trading category of DeFi. It is deployed on Solana.
TVL Distribution by Chain
Supported Chains
Official Resources & Links
Verified external resources for OpenDelta Perpetual Bond — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Basis Trading protocols on Mantapex
OpenDelta Perpetual Bond is one of 7 Basis Trading protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Ethena USDe, Falcon Finance, Solstice USX, and 3 more. These peer protocols collectively secure $8.8B in deposits, giving you a frame of reference for whether OpenDelta Perpetual Bond's own TVL is at the top, middle, or tail of the category.
Recent OpenDelta Perpetual Bond news
Latest reporting from major crypto news outlets covering OpenDelta Perpetual Bond.
- Crypto Economy
Nansen–OpenDelta Team Up on Solana to Roll Out Index of Leading L1 Networks
TL;DR Nansen and OpenDelta launched NX8, a tokenized index of eight L1 networks issued natively on Solana under the Joint Venture Protocol. The initial composition includes…
- Coinpaper
Nansen and OpenDelta Launch NX8 Index on Solana to Track Leading Layer-1 Blockchains
Nansen's NX8 index debuts on Solana, providing zero-fee, diversified exposure to leading Layer-1 networks and DeFi ecosystems.
- The Block
Crypto data firm Nansen and issuer OpenDelta tap Solana for new index tracking top L1s
NX8 is the first product rolled out under Nansen's Joint Venture Protocol, an initiative to support onchain infrastructure development.
- BeInCrypto
OpenMeta: A Rising Star Committed to Being an NFT Trading Hub on BSC
OpenSea has been the most popular exchange in the crypto world in 2021. The emergence and continuous boom of NFT have given it a trading volume that surpasses other leading…
Related protocols
Other DeFi protocols connected to OpenDelta Perpetual Bond by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Basis Trading protocols
Top protocols on Solana
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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