1/ It's been another HUGE week for OPNX 🐂

Let's take a moment to catch up on everything that's been going on including:

- oUSD announcement 🪙
- OPNX Launchpad & first project launch 🚀
- RWA rewards for $OX stakers 🪂
- $OX going multichain ⛓
- ATH trade volumes 📈

🧵👇 2/ oUSD Announced 🪙

oUSD is the creation of an on-platform credit currency which will functions as a margin and PNL currency for all futures contracts on OPNX

oUSD is currently in development stage

Read more on oUSD in the whitepaper ➡️ https://t.co/VdAlM0lROe…files.s3.ap-northeast-1.amazonaws.com/pdf/oUSD+Litep…

1/ Over 244M $OX staked in 48H and rising 🐂📈

$OX greatly improves upon exchange token models, allowing users to trade for FREE if their staked % $OX is above their volume %

Even better, for the first year we have a Bonus Staking Multiplier, giving up to 12X free volume 🧵👇 2/ The initial multiplier will start at 12X

Meaning traders can secure a 100% trading fee rebate on a trading volume percentage equivalent to 12X their current staked $OX tokens

The multiplier will decrease by 1 every month throughout the year until it returns to 1X

1/ Enabling users affected by crypto bankruptcies to find liquidity is at the heart of our product

However at the other side of the trade is the claims buyer

OPNX are opening the claims buying market up from a small number of participants to a market available to anyone 🧵👇 2/ Features of the OTC claims market:

- Notoriously opaque
- Plagued by high fees and barriers to entry
- Only makes sense for large claimants
- Price dictated by a small number of players
- Lacking liquidity
- Transactions are irreversible

1/ Tokenized claims will be going live on OPNX Soon™

OPNX grants you far more degrees of freedom than any other option. Once you have tokenized your claim, which route will you take? 🤔

A thread 🧵 on the 3 types of OPNX claim tokenizooor 🥸👇 2/ 1️⃣ The Holdooor 🧑🏻‍🤝‍👩🏽

The Holdooor is very cautious in nature. He wants to make sure that he gets the best possible payout on his claim. He doesn't necessarily want to liquidate his claim immediately & is willing to wait for more updates in the bankruptcy proceedings

1/ How the tokenization of crypto insolvency claims opens the floodgates for billions of dollars of trapped liquidity to re-enter the market 🌊💸

A thread 🧵👇 2/ The insolvency events of firms such as @FTX_Official, @CelsiusNetwork and others have affected 20M+ users and left over $20B of crypto market liquidity sidelined while insolvency proceedings are undertaken

Why tokenize your crypto bankrupcy claim VS other options? A thread 🧵👇 1/ From a claimant standpoint, crypto bankruptcies are fraught with frustration

Following the standard pathway, claimants face multi-year waits (or more) for claim payouts

Processes are subject to constant delays, adverserial incentives and uncertainty about when / how much

9 reasons crypto bankruptcy claims trading on orderbooks is so urgently needed. A thread 🧵👇 1) Immediate value unlock🔓: Claimants can immediately unlock and utilize the value in their claims, avoiding the significant opportunity costs of waiting years for claim maturation

1/ Claims on OPNX: Why and How 🧵👇

Problem: Millions suffered subsantial financial losses in the market collapse last year

Worse still, 20M+ people were left with $20B+ in personal funds frozen on insolvent platforms like FTX & Celsius—with no way to access their trapped funds 2/ Solution: OPNX will soon launch a marketplace for claims onboarding & trading on public orderbooks, allowing claimants to unlock the value in their claims

This saves years of waiting, enabling claimants to put trapped capital to work and avoid significant opportunity cost