Crypto trading firms are teaming up with traditional market players to trade onchain structured products amid a U.S. regulatory push to oversee the industry.
An autocallable is a structured note that allows investors to earn contingent interest, usually at an above-market rate, if the underlying asset closes at or above a specific level on periodic observation dates. It can be redeemed early and often offers contingent downside protection when held to maturity.
"On-chain deployment of exotic options such as autocallables would allow us to enhance several of our market-neutral strategies while staying on Ethereum - a public blockchain we are familiar with," Laurent Bourquin, Managing Partner at MEV Capital, said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Americas: Curve Finance Exploit Puts More Than $100M of Crypto at RiskCurve Finance suffered an exploit over the weekend and Optimism’s OP token surges on the back of Optimism-based chain Base seeing an increase in trading activity related to memecoins. LedesmaLyllah and godbole17 report in First Mover Americas
Source: CoinDesk - 🏆 291. / 63 Read more »
Web3 Could Revolutionize Climate FinanceGrassroots crypto initiatives can close the 'climate funding gap,' incentivize a new generation of climate projects and help finance the optimistic ideas for fighting climate governments and institutions have not.
Source: CoinDesk - 🏆 291. / 63 Read more »
Philippines need not match Fed's 25-basis point hike, finance minister saysThe Philippines' finance minister said monetary authorities have room to pause on rate hikes in August despite a recent policy tightening by the U.S. Federal Reserve.
Source: Reuters - 🏆 2. / 97 Read more »
Curve Finance factory pools targeted due to reentrancy vulnerabilityFactory pools on Curve Finance faced a reentrancy vulnerability, a security flaw allowing potential funds drain from interrupted contract calls.
Source: TheBlock__ - 🏆 464. / 53 Read more »