A look at Opyn’s Squeeth Perpetual

Perpetual futures owe a large share of their success in the market to their elegant simplicity. Perpetualizing futures markets simplifies user experience, reduces costs incurred from rolling positions from one contract expiration to another, and consolidates liquidity that would have been otherwise fragmented across many markets into a single instrument. 

Options markets are similarly fragmented, but to a greater extent due to the availability of many strike prices and expiration dates. One construct that aims to reimagine options markets is the everlasting option. For a detailed overview of everlasting options, see here. In short, everlasting options are perpetualized options for individual strike prices with no expiration.