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 yiel

## Overview OpenDelta Perpetual Bond (OPB) is a crypto instrument that combines Bitcoin collateral with cross-exchange derivatives hedging to create a dollar-stable position. The tool operates on Solana and is built around a core mechanism: locking Bitcoin as collateral, then hedging that position across multiple global derivatives exchanges in a trust-minimized architecture. The result is an asset that maintains stability relative to the U.S. dollar, shields holders from Bitcoin downside volatility, and generates yield through the cost of carry embedded in perpetual futures markets. The perpe