Question 1

How can OPIUM holders participate in protocol governance?

Accepted Answer

Holders can propose project-related initiatives, delegate, and vote, thereby governing the Opium protocol collectively. Holding OPIUM corresponds to the ability to take part in collective decision-making.

Question 2

Does holding OPIUM mean holding a long or short position in a derivative?

Accepted Answer

No. OPIUM is used for protocol governance, whereas an OpiumPositionToken represents either a LONG or SHORT position in a particular derivative. Their functions differ, so a governance-token balance is not a position in a derivative.

Question 3

How are OPIUM and wOPIUM converted?

Accepted Answer

AragonVotingWrapper converts OPIUM to wOPIUM at a 1:1 ratio and also supports the reverse conversion: wOPIUM can be exchanged back for an equal amount of OPIUM. The ratio describes the exchange quantity between the two tokens.

Question 4

Are Opium governance proposals automatically executed after voting ends?

Accepted Answer

No. Under the documented governance flow, passing a vote does not mean immediate execution: the off-chain result must be verified through Reality.eth. A disputed or potentially malicious proposal can be frozen and referred to Opium Aragon DAO for arbitration. Automatic execution follows only when the process conditions are met and passage is confirmed; a failed proposal is marked as an invalid transaction.

Question 5

How long does the Reality.eth bond-staking step last?

Accepted Answer

The governance-process documentation sets the proposal's Reality.eth bond-staking step at 24 hours, while expressly allowing governance to change that duration. Therefore, 24 hours is an adjustable documented setting, not a permanent term.

Question 6

When can an Opium V2 derivative position be exercised?

Accepted Answer

An Opium V2 derivative position can be exercised after expiry when the required settlement data is available and the execution conditions are met. This exercise concerns a position in a specific product; it is not an exchange of the OPIUM governance token for a fixed asset.

Question 7

How can initial margin in Opium V2 be redeemed with matched positions?

Accepted Answer

You need equal amounts of LONG and SHORT positions in the relevant derivative, then redeem using that matched pair to recover the corresponding initial margin. A one-sided position does not meet this matched-redemption condition, and what is redeemed is not the OPIUM governance token. The amount actually received is also subject to applicable redemption fees.

Question 8

Can a third party execute an Opium derivative position?

Accepted Answer

Yes, but only if the position owner has enabled the feature that permits third-party execution. Owners can execute their own positions; a third party does not receive execution authority simply by knowing position information.

Question 9

Besides governance, how can users engage with projects built on Opium?

Accepted Answer

Users can buy products from projects built on the Opium protocol or provide liquidity to a pool. These are ways to engage with projects built on top of the protocol and are distinct from using OPIUM to participate in governance.

Question 10

In Opium V2, what is the difference between creating a derivative and minting positions?

Accepted Answer

Creating a derivative establishes a new derivative, while minting positions creates new positions for an existing derivative. Core treats them as distinct operations, so adding a position does not mean creating a new product each time.

Question 11

Why does Opium cache a derivative's SyntheticId data only once?

Accepted Answer

SyntheticAggregator caches SyntheticId data only once during a derivative's lifecycle to avoid malicious manipulation. This constraint lets subsequent operations rely on the cached data instead of repeatedly accepting data that could be manipulated.

Question 12

Does being able to use the Opium protocol guarantee access to every project built on it?

Accepted Answer

No. Some projects built on Opium are subject to access restrictions, so access to the underlying protocol alone does not establish eligibility to participate in every project. The scope of participation still depends on the access conditions of the particular project.

Opium (OPIUM) Price

Price of Opium (OPIUM) Today in USD

Fear & Greed Index

About Opium (OPIUM)

Use Cases and Features

Supply and Issuance Mechanism

Opium (OPIUM) Basics & Market Insights

Fundamentals

Market Analysis

Frequently Asked Questions About Opium (OPIUM)