Opium

What Opium does

Opium is a decentralized finance (DeFi) protocol headquartered in Rotterdam, Netherlands, that enables the creation, settlement, and trading of decentralized derivatives on public blockchains. The platform is built on Ethereum and has expanded to Polygon and Binance Smart Chain, with core products including Opium Insurance (a tradable, tokenized credit-default-swap-style contract covering smart-contract exploits, credit defaults, stablecoin custodian insolvency, impermanent loss, price volatility, and off-chain risks), Opium Staking (crypto staking into trading strategies and market-making algorithms for fee-based yield), Opium Turbo (short-expiry products offering leveraged exposure with limited downside), Opium Bridge Protection (insurance for side-chain bridges, resellable via Curve Finance AMM), and Opium Academy (educational content on DeFi strategies and Opium tools).

Opium's technology stack centers on smart contracts for derivative instruments, integrated with UMA Protocol's Optimistic Oracle to bring real-world event data on-chain — enabling first-of-kind products such as decentralized insurance for SpaceX Smallsat Rideshare launches and RealT no-occupancy coverage. Sub-brands include Opium Insurance, Opium Staking, Opium Turbo, Opium Bridge Protection, and Opium Academy. The protocol is geo-restricted from the United States and other prohibited jurisdictions.

The business model is transaction- and usage-based: revenue derives from insurance premiums paid by coverage buyers, fees from Turbo trading, and staking fees/interest paid to liquidity providers who underwrite coverage. The platform follows a product-led growth motion via a self-serve web app (app.opium.finance), with no sales team, and distributes through content marketing (blog, Opium Academy), a Telegram news channel, and Twitter. No funding rounds, headcount figures, management team, revenue figures, or incorporation jurisdiction are disclosed in available sources, though operating status is active (2025 copyright footer) and the $OPIUM token has launched on Binance Smart Chain.

Name

Opium

Legal name

Opium Finance

Website

https://opium.finance

Company type

Private

Operating status

Operating

Short description

Opium is a decentralized finance protocol that enables creation, settlement, and trading of on-chain derivatives including tokenized insurance, leveraged turbo products, and staking. It serves crypto-native DeFi traders, risk-takers, and stakers globally via a self-serve app on Ethereum, Polygon, and BSC.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi)

NAICS

Commodity Contracts Intermediation (52316), Commodity Contracts Intermediation (523160), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Decentralized Derivatives (perps, options, futures, synthetics) (FSAPAEAC)

akta.pro secondary industries

DeFi Insurance & Protection Markets (covers, mutuals, slashing/peg protection) (FSAPAEAK), Money Markets & Collateralized Debt Positions (CDPs) (FSADAMAM), Decentralized Lending & Borrowing Protocols (FSADAMAA)

Keywords

• Decentralized finance
• DeFi derivatives
• Crypto insurance
• Smart contracts
• Crypto staking

Headquarters

HQ city

Rotterdam

HQ country

Netherlands

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Insurance Premiums: Users pay premiums/fees to purchase insurance coverage against various risks. Coverage can be purchased as tokens or sold via staking.
2. Turbo Trading Fees: Fees generated from trading turbo products with short expiry periods. Stakers receive fees from turbo purchasers.
3. Staking Fees: Stakers earn fees from issuing coverage and receive interest for providing liquidity to staking pools.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Opium is a decentralized finance (DeFi) protocol built on Ethereum that enables creation, settling, and trading of decentralized derivatives. The platform offers on-chain insurance products (covering smart contract exploits, credit defaults, stablecoin failures, and price volatility), crypto staking with market-making strategies, and short-expiry leveraged Turbo products. All instruments are tokenized, tradable, and accessible self-serve 24/7 globally.

Product overview

Opium Finance is a decentralized finance platform offering cutting-edge financial tools for creating markets. The platform operates as a multi-product ecosystem consisting of Opium Insurance (covering smart contract exploits, credit defaults, and price volatility), Opium Staking (crypto staking with competitive APR), Opium Turbo (short-expiry leveraged products), Opium Bridge Protection (insurance for side-chain bridges), and Opium Academy (educational resources). Users can buy, sell, and create various financial derivatives including insurance products, options, and turbos, functioning as their own banker and hedge fund manager.

Differentiator

Problem solved

Functional benefit

Brands

• Opium Insurance: Decentralized insurance covering smart contract exploits, credit default events, stablecoin custodian insolvency, impermanent loss, price volatility, SAFT risks & off-chain risks
• Opium Staking
• Opium Turbo
• Opium Academy
• Opium Bridge Protection

Products and services

• Opium Insurance Decentralized, tradable insurance for crypto and DeFi users covering smart contract exploits, credit defaults, stablecoin failures, impermanent loss, price volatility, SAFT risks, and off-chain events. Users buy coverage as tokens or sell coverage via staking.
• Opium Staking Crypto staking mechanism where users supply assets to trading strategies or market-making algorithms in exchange for interest, offering higher APR than comparable lending protocols with the same risk level and flexible stake/unstake via secondary market.
• Opium Turbo Short-expiry (typically a day or week) leveraged product giving buyers highly leveraged exposure to underlying assets with potential 10-30x returns and capped downside; liquidity providers stake crypto into covering pools to earn fees.
• Opium Bridge Protection Decentralized insurance for cross-chain bridge risks, built on the Opium CDS contract. Users buy monthly coverage tokens or stake to sell coverage and earn fees; positions can be traded on Curve Finance AMM.
• ETH Dump Protection Protection product providing coverage against downside ETH price movements for users expecting sharp ETH price declines.
• SpaceX Launch Insurance Decentralized insurance/derivative covering SpaceX Smallsat Rideshare launch failures, enabling satellite operators and enthusiasts to hedge financial risk or speculate on launch outcomes.
• RealT Decentralized Protection Decentralized protection product for users of the RealT real-estate tokenization platform, covering 'no-occupancy' events on the RealT platform.
• Call Options on $OPIUM Call options on the native $OPIUM token that give token holders an alternative yield mechanism to liquidity mining.

Quantifiable outcome

• Turbo products offer potential for 10-30x returns in short timeframes
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• UMA ProtocolcoreTechnology or Integration · 24 May 2021Opium partnered with UMA Protocol to integrate their Optimistic Oracle solution, enabling the creation of decentralized financial derivatives tied to real-world events. This partnership enabled SpaceX launch insurance products and demonstrated how off-chain data can be brought to Ethereum to grow the DeFi ecosystem. UMA was founded by ex-Goldman Sachs bonds traders.
• SpaceXminorStrategic or Co-development Partner · 24 May 2021Opium created decentralized insurance for SpaceX launches using UMA's Optimistic Oracle, allowing users to hedge financial risks related to SpaceX Smallsat Rideshare launches. This was the first decentralized financial derivative for space launches.
• Binance Smart ChaincoreTechnology or Integration · 12 May 2021Opium Protocol expanded to Binance Smart Chain following launches on Polygon and Ethereum, bringing gas-efficient and user-friendly decentralized derivatives to the BSC ecosystem. The first product launched was Opium Turbo ETH.
• Curve FinancecoreTechnology or Integration · 7 May 2021Opium Bridge Protection positions can be resold via Curve Finance AMM (Automated Market Maker). Users who place their position in the AMM of Curve Finance are eligible for a liquidity mining program.
• Polygon (ex-Matic)coreTechnology or Integration · 1 January 2021Opium Protocol launched on Polygon (formerly Matic) before expanding to other chains. Opium Turbo ETH was actively traded on Polygon.

Recent moves6 records

Expansion highlights5 records

Direct peers

• InsurAce: DeFi insurance protocol providing coverage across multiple chains for smart contract, stablecoin, and custodian risks. Competitor in the decentralized insurance/protection space.
• Nexus Mutual: Decentralized insurance protocol offering cover for smart contract failures, exchange hacks, and stablecoin depegs. Directly competes with Opium Insurance in the on-chain protection market.
• Armor: DeFi insurance aggregator that wraps Nexus Mutual cover into tradable tokens. Conceptually similar to Opium's tokenized insurance via CDS contracts.
• Premia: Decentralized options protocol with automated market making for calls and puts. Directly comparable to Opium's derivatives products and target audience.
• Synthetix: Decentralized protocol for synthetic assets and derivatives on Ethereum and L2s. Comparable to Opium's on-chain derivatives architecture and real-world event exposure capability.
• Hegic: DeFi options protocol allowing users to buy and sell options without counterparties. Competitor in the decentralized options/derivatives category.
• dYdX: Leading decentralized derivatives exchange offering perpetual contracts and margin trading. Competes with Opium's Turbo leveraged products on the same target user base.
• GMX: Decentralized perpetual exchange on Arbitrum and Avalanche offering leveraged trading with liquidity provider-style staking. Closely comparable to Opium's Turbo and Staking products.
• Aevo: Decentralized derivatives exchange offering options and perpetual futures trading, with an off-chain order book and on-chain settlement. Comparable to Opium's leveraged derivatives products.
• Ribbon Finance: DeFi structured products protocol offering covered calls, puts, and other yield-generating strategies. Overlaps with Opium's options and staking products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Opium_Network

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Opium