oToken

oTokens represent options contracts and are used to customize automated derivatives strategies by inputting specific variables such as the derivative’s expiration date, strike price, strike asset, and whether it is a call or put option. They can then be deposited into token vaults on Ribbon Finance, Curve, SushiSwap, Alpha Finance, and other Opyn-integrated DeFi protocols. This structure enables users to carry out specific investment strategies while earning weekly compounding yields.