UpSideDai

From CryptoWiki

Revision as of 09:02, 23 January 2022 by 5imp5on (talk | contribs) (1 revision imported)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

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."

Retrieved from "https://cryptowiki.me/index.php?title=UpSideDai&oldid=13884"