Opyn Squeeth

Squeeth perpetual exposure to ETH²

## Overview Opyn Squeeth is a perpetual derivatives protocol built on Ethereum that provides direct exposure to ETH squared (ETH²). Unlike traditional leverage products that use collateral and liquidation mechanisms, Squeeth creates a synthetic asset representing the compounding returns of ETH price movements. Users can go long or short on this squared exposure without managing typical margin debt or facing liquidation from price volatility alone. The protocol exists to address a specific gap in crypto derivatives: capturing convex exposure to Ethereum without the friction of traditional perpe