The Crab wins another battle 🦀⚔️ A look at this week's USDC returns after the BTC ETF announcement

On the night before the $BTC etf decision, all of the Squeethers circled their computers in anticipation. The Crab waited hungrily ready to eat some risk premium. And all felt right. A live look at the $ETH vol surface heading into tomorrow's widely expected event.

1/ Squeeth’n Around (1/1/24 - 1/8/24) Highlights: • oSQTH ended the week -7.36% compared to ETH -2.76% • Crab ended the week -1.17% • oSQTH/ETH pool trading volume = $955.71k

2/ Squeeth saw slight gains throughout the week on the back of ETH spot markets moving higher. December 22nd saw the most volume, with a daily total of $685.54k traded.

1/ Squeeth’n Around (12/8/23 - 12/15/23) Highlights: • oSQTH ended the week -11.46% compared to ETH -4.83% • Crab ended the week -2.35% • oSQTH/ETH pool trading volume = $638.30k

1/ Squeeth’n Around (11/28/23 - 12/05/23) Highlights: • oSQTH ended the week +15.24% compared to ETH +8.62% • Crab ended the week -0.09% during the week • oSQTH/ETH pool trading volume = $345.35k

1/ Squeeth’n Around (11/15/23 - 11/22/23) Highlights: • oSQTH ended the week -0.36% compared to ETH +1.32% • Crab ended the week +0.45% during the week • oSQTH/ETH pool trading volume = $307.23k

1. We wanted to share a few updates with Squeeth nation. The team has been heads down designing and building for close to a year now on what is to become the next frontier for Opyn. A frontier into a new world… PerpWorld. 🌎📈

Attention Squeethers 🐱📢 If you're looking for oSQTH size with no slippage and no gas, check out the Crab auction. Details 👇

1/ We have had some great questions in Discord lately about oSQTH pricing and expected payouts. Let’s spend some time talking about some fun math things! 📢

1/ Happy Friday Squeethers! We are here to bring you some more on Implied Vol. 🎉 Our goal is not to say the words “Implied Vol” throughout our explanation… let’s see if we can do it 👇

1/ Since everyone seems to be talking about the historically low realized vol we are seeing in ETH, we thought we would break down VRP for the Squeethers 🐱

1/ Squeeth’n Around (8/06/23 - 8/13/23) Highlights: • oSQTH ended the week -0.36% compared to ETH +1.18% • Crab gained +0.29% during the week • oSQTH/ETH pool trading volume = $174k

1/ Squeeth’n Around (7/30/23 - 8/06/23) Highlights: • oSQTH ended the week -7.74% compared to ETH -2.67% • Crab lost 0.09% during the week • oSQTH/ETH pool trading volume = $369.71k

1/ We had a great question in Discord last week. A user was looking to short Crab. 📉🦀 Let's break it down!

1/ A little over a year ago (07/27) we let the Crab into the wild 🦀 Here are some metrics 📊

1/ Squeeth’n Around (July recap) Highlights: • oSQTH ended the month -15.86% compared to ETH -3.05% • Crab gained 0.93% during the month • oSQTH/ETH pool trading volume = $1.17m