According to a post on the Radar Relay Medium, Short Ether or sETH, the first short token, is now available for trading on Radar Relay.
Trading short tokens on Radar Relay is the same as trading any other ERC20 token on the relayer.
How to trade sETH. All that is needed to buy sETH on Radar Relay is an Ethereum Wallet and DAI token.
Currently, Radar Relay supports wallets including Metamask, Ledger, and Trezor.
Once on Radar Relay, sETH can be found on the advanced trading toggle and traded against the DAI quote.
The rest of the process is similar to trading any other ERC20 token on Radar Relay with one major distinction.
Every short token feature an expiration date - for example, Short Ether 11/30 will expire on Nov. 30.About Radar Relay & dYdX. Radar Relay is a Colorado-based cryptoasset exchange technology that leverages blockchain and the 0x protocol to trade ETH based tokens.
Using Radar Relay, Ethereum-based tokens can be traded directly from Web3 or Hardware wallets.
Radar Relay has raised $13 million to date, $10 million of which came from a Series A round in August of this year.
In the dYdX margin trading protocol, users can short assets, trade with leverage, and earn interest on long positions through trustless loans.
Short Ether Is Now Available on Radar Relay
gepubliceerd op Oct 31, 2018
by Cryptoslate | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.