Opium Review: Is Its DeFi Derivatives Protocol for You?
Opium is a DeFi derivatives protocol, but the details here are too limited to judge its products, costs or safety. Treat it as a research lead, not a ready-to-use recommendation.
By the SkyBitcoins review team · Updated
At a glance
Opium key facts
| Type | Decentralized derivatives protocol |
|---|---|
| Chains | Ethereum, Polygon, Arbitrum, BNB Chain |
| Token | OPIUM |
| Audit listings | 2 listed; scope and findings unknown |
| Value locked | $73.5K−0.3% 7d |
| Updated |
Opium FAQs
What is Opium Finance?
Opium describes itself as a protocol for creating, settling and trading decentralized derivatives. Its homepage also mentions hedging risk and staking, but does not explain specific markets or how those features work.
What is the OPIUM token used for?
OPIUM is the token associated with the project. Its role, current utility and any staking terms are not described, so check the relevant product details before acquiring or depositing it.
Which blockchains does Opium support?
The listed networks are Ethereum, Polygon, Arbitrum and BNB Chain. Confirm that the specific product you plan to use is available on your chosen network and that you have the correct token and wallet setup.
Compare
Opium alternatives
Bumper offers eligible UK drivers up to nine months of 0% car-repair finance, but check the agreement for late fees and repayment terms.
Derive offers onchain crypto options and perps for experienced traders; check its fee schedule and margin rules before funding a wallet.
Zomma offers on-chain calls and puts on zkSync Era and Arbitrum, but verify fees, contracts and audit reports before depositing collateral.
Flat Money V2 offers options liquidity on Arbitrum and Optimism, but check its unpublished fees, withdrawals and variable-income risks before depositing.
TYMIO offers yield-bearing time-limit orders for ETH, WBTC and USDC, but check its fees, order terms and audit reports before using it.
Rysk V1 offers upfront option premiums, but your assets remain exposed to market moves and option obligations.
Same category
More Options dApps
CallPut offers synthetic crypto and stock options on Base, but unpublished fees and no listed audit make careful checks essential.
Premia V3 offers peer-to-pool options on Arbitrum, but check current fees, markets and audit coverage before risking funds.
Pods Finance offers on-chain options and volatility-focused strategies, but verify the product, fees and contract details before using it.
Hegic offers on-chain ETH and WBTC options, but check its trade costs, contract details and limited audit information before using it.
Opyn’s current site promotes complex perp markets; verify access, live markets, fees and audit details before connecting or risking funds.
Stryke CLAMM offers concentrated liquidity for on-chain options, but unclear fees and no listed audits make careful checks essential.
Same chain
More on Ethereum
Lido turns staked ETH into liquid stETH, but variable rewards, a 10% reward fee and withdrawal and contract risks need checking.
Bitvavo offers euro funding, 400+ crypto assets and Pro Mode, but check withdrawal terms and the separate risks of staking and leverage.
Aave offers open crypto lending and borrowing, but variable rates, gas costs and liquidation risk make it best for informed DeFi users.
Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.
GetBlock suits teams needing multi-chain RPC and data services, but check usage billing, coverage and SLA terms before relying on it in production.
Uniswap offers wallet-based swaps and liquidity pools across 15+ networks, but pool fees, gas and self-custody risks still matter.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.