OpenDelta

Overview

OpenDelta is building a synthetic dollar backed by Bitcoin derivatives. This synthetic dollar operates independently of traditional fiat banking systems, allowing for instant transactions on an open network. In addition to offering the stability of fiat currencies, this synthetic asset uniquely incorporates a built-in mechanism for yield generation, allowing its holders to effortlessly earn passive income. OpenDelta's synthetic USD (USDO) is the first crypto-native synthetic dollar build entirely on top of Bitcoin. USDO is backed by a delta-neutral derivative position and will be issued across multiple Bitcoin-native protocols and layers, starting with Runes. USDO has a native yield-generation mechanism that is derived from funding payments of the underlying derivative position, creating the first dollar-denominated and Bitcoin-backed savings vehicle.

Website: https://opendelta.com