Octopus Protocol (OPSV2) was the second iteration of a DeFi platform on Binance Smart Chain (BSC) for creating, trading, and managing synthetic assets that represent real-world assets like commodities and stocks. The OPSV2 token enabled governance, staking, and incentives within a non-custodial, trustless ecosystem. This version has since been upgraded to the current OPS (V3) token, which further improves security and functionality while supporting the protocol's core synthetic asset features.