Opyn Position Monitor
A UI for liquidation, collateral management and token issuance on Opyn protocol. Also integrated flashloan for liquidation.
Created on 27th February 2020
•
Opyn Position Monitor
A UI for liquidation, collateral management and token issuance on Opyn protocol. Also integrated flashloan for liquidation.
The problem Opyn Position Monitor solves
I helped th opyn team create this UI which enable any user to create options (insurance), manage their collateral and issue/burn option tokens. Now both insurance sellers and buyers have a more friendly interface to perform liquidation and asset management. This helps more people get into the opyn community, increase liquidity on option markets and provide more DeFi diversity to the ecosystem. Now anyone can buy oTokens to protect their investments Compound, Dai and Curve, and insurance sellers have a much better experience managing their collateral.
Challenges I ran into
Except the platform itself, I spent lots of time building the flashloan liquidator. It's still not live at this moment but I'm hoping to build an flashloan aggregator which adopts AAVE and dydx. I had a hard time setting up all the testing environment for my constract tests to run, because I have to deploy these different project and initialize each of them individually in my testing environments, which is very tedious.
Technologies used
Cheer Project
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.