Explain it like I'm 5

tl;dr

Long Position

• Buy a token² from one of the Power Perpetual Osmosis Concentrated Liquidity Pools

• Hold the token

• Sell the token to realize profits

• Providing your profit is greater than the funding owed you win.

Short Position

• Mint a power perpetual by locking the base asset (e.g osmo for osmo²)

• Collect funding (you can see the rate on the UI)

• Maintain a healthy collateral ratio (200%)

• If volatility is low you win.

mmmm k tell me more

🎥 Videos

• Understanding Squeeth | A Token To Track ETH² From Opyn

• Opyn Squeeth | Introduction to Power Perpetuals

• No liquidation, squared leverage!? Squeeth is nuts!

📰 Blog Posts

• Understanding Squeeth | A Token To Track ETH² From Opyn

• Squeeth Primer: a guide to understanding Opyn’s implementation of Squeeth

• Hedging Impermanent Loss with Power Perpetuals

• Squeeth insides volume 1: funding and volatility

🎓 Papers

• Power Perpetuals

• Spanning with Power Perpetuals

• Pricing Power Perpetual Futures