Opyn Gamma

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Opyn Gamma is published as a versioned release inside the Opyn protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Opyn Gamma is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Opyn Gamma is a Options protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 3 chains, including Ethereum, Avalanche, Polygon. The codebase has been independently audited (1 report on file).

Opyn Gamma operates on 3 networks (Ethereum, Avalanche, Polygon), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Avalanche, Polygon), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for Opyn Gamma — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Opyn Gamma is one of 7 Options protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Rysk V12, Hegic, Deri V4, and 3 more. These peer protocols collectively secure $85.6M in deposits, giving you a frame of reference for whether Opyn Gamma's own TVL is at the top, middle, or tail of the category.

Rysk V12

TVL $62.6M · 24h +4.61%

Hegic

TVL $9.8M · 24h -0.02%

Deri V4

TVL $7.8M · 24h +0.27%

Hypersurface

TVL $2.7M · 24h +3.58%

GammaSwap Open Interest

TVL $1.4M · 24h +0.51%

Jasper Vault

TVL $1.3M · 24h -0.03%