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Opium is a decentralized Web3 protocol for creating, settling, and trading decentralized derivative instruments. It enables users to build automated trading strategies and structured products with a no-code experience through a derivative constructor and one-click minting, while supporting multi-chain deployment on Ethereum, Polygon, BNB Chain, and Arbitrum. The project includes governance, developer tools, market analytics, and ecosystem apps (such as Opium.research and The Art Exchange), with security reinforced by audits and a bug bounty program.
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Excerpts where Opium Protocol appeared in the AI's answer

Opium Protocol was an early pioneer in building decentralized derivatives, explicitly launching DeFi's first-ever CDS contracts.

Opium Protocol ($OPIUM) - Opium is a universal decentralized derivatives architecture that historically pioneered and rolled out functional on-chain credit default swaps.