Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • YouHodler Reviews & Ratings
    27 Ratings
  • Blockdaemon Reviews & Ratings
    2 Ratings
    Company Website
  • Nexo Reviews & Ratings
    15,878 Ratings
    Company Website
  • Zengo Wallet Reviews & Ratings
    413 Ratings
    Company Website
  • AlternativeSoft Reviews & Ratings
    19 Ratings
    Company Website
  • Tickeron Reviews & Ratings
    7 Ratings
    Company Website
  • Asym Capital Reviews & Ratings
    1 Rating
    Company Website
  • 3Commas Reviews & Ratings
    3,264 Ratings
    Company Website
  • FundCount Reviews & Ratings
    13 Ratings
    Company Website
  • CryptoTab Farm Reviews & Ratings
    6,121 Ratings
    Company Website

What is Opium Finance?

Opium.finance is a decentralized finance (DeFi) platform that enables users to create their own markets, giving individuals the ability to shape their financial destinies as both bankers and hedge fund managers through a variety of sophisticated financial instruments. Tailored specifically for DeFi traders, Opium insurance offers a safeguard against numerous risks such as smart contract flaws, credit defaults, stablecoin custodian failures, impermanent loss, price volatility, SAFT risks, and off-chain uncertainties. By participating in crypto staking, users can dedicate their cryptocurrency to specific trading strategies or market-making algorithms, earning interest in the process. The platform boasts a higher annual percentage rate (APR) compared to traditional lending protocols, while keeping risk levels comparable, and allows users to stake or unstake their assets freely within the secondary market. A standout feature, Turbo, offers a short expiration period that grants investors highly leveraged exposure to the underlying asset, presenting the opportunity for significant returns in a brief timeframe, whereas more risk-averse investors can contribute their crypto to a liquidity pool that supports turbo offerings, thereby earning fees and enjoying a statistically stable yield on their staked assets. In summary, Opium.finance equips users with innovative tools and strategies, enhancing their ability to navigate the complex DeFi landscape according to their unique investment goals and risk appetites. This versatile platform represents a significant advancement in the DeFi space, fostering a more inclusive financial ecosystem.

What is Fulcrum?

Fulcrum emerges as a powerful decentralized finance (DeFi) platform specifically designed for tokenized lending and margin trading. As a fully decentralized entity, it does away with any need for verification processes, such as Know Your Customer (KYC) or Anti-Money Laundering (AML) checks, allowing users to engage in lending or trading with complete autonomy over their keys and assets, thanks to its non-custodial model. The innovative platform offers iTokens, which enable users to earn interest on funds they borrow, as well as pTokens that enhance the composability of margin positions. In cases where positions are undercollateralized, only a fraction is liquidated, raising the margin maintenance from 15% to 25%. This design not only safeguards users' investments but also contributes to a smoother trading experience through automatic position renewals and the elimination of rollover fees. The underlying bZx protocol has been meticulously audited by the reputable blockchain security firm ZK Labs, affirming its integrity and reliability. For price accuracy, Fulcrum leverages Chainlink’s decentralized oracle network, ensuring that users receive the most up-to-date information. Furthermore, if any undercollateralized loans are not liquidated properly, lenders are protected through compensation derived from a reserve that allocates 10% of borrowers' interest payments, which not only secures lenders but also bolsters the trading ecosystem’s overall safety and efficiency. Ultimately, Fulcrum combines user empowerment with robust security measures to create a compelling environment for DeFi participants.

Media

Media

Integrations Supported

Ethereum
Polygon (Matic)
Aave
Authereum
BNB Smart Chain (BSC)
Causal
Coinbase Wallet
Fortmatic
Ledger
MetaMask
Portis
QuickBooks Online
Telegram
Torus
Trezor
Trust Wallet
WalletConnect
Zoho Directory

Integrations Supported

Ethereum
Polygon (Matic)
Aave
Authereum
BNB Smart Chain (BSC)
Causal
Coinbase Wallet
Fortmatic
Ledger
MetaMask
Portis
QuickBooks Online
Telegram
Torus
Trezor
Trust Wallet
WalletConnect
Zoho Directory

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

0.15% trading fee
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Opium Finance

Date Founded

2019

Company Location

Netherlands

Company Website

opium.finance/

Company Facts

Organization Name

Fulcrum

Date Founded

2017

Company Location

United States

Company Website

fulcrum.trade/

Popular Alternatives

Popular Alternatives