UpSideDai

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Revision as of 07:49, 9 March 2020 by wiki_crypto>Zeb.dyor (Created page with "== Basics == * From [https://medium.com/ethdenver/the-ethdenver-2020-finalists-buffidao-bounty-winners-627fd1b2427a this blog] by ETHDenver, in which it became a finalist ...")
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Basics

  • From this blog by ETHDenver, in which it became a finalist (18-2-2020):

"UpsideDai is a highly leveraged contract for difference (CFD) built on the price fluctuation of Dai. This enables market makers and speculators to hedge against and bet on the Dai´s price deviation from the peg. The CFD enables high leverage (20x) while remaining capital efficient (100% collateralization). UpsideDAI helps to stabilize the DAI peg by enabling market makers to arbitrage the price of DAI."

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