The perpetual crude contract on Sythetix, if it works out fo...
The perpetual crude contract on Sythetix, if it works out for the long term, lowers fees enough that the magic of the $United States Oil Fund LP (USO.US)$ index fund could lose a lot of investors
On the surface, it may be similar to the model of CFD contract or black foreign exchange platform, but in fact, due to the good liquidity of tokens, it is equivalent to issuing additional "oil bills", which can be directly traded or even circulated on DEX. In fact, there is almost no situation of platform being run. In extreme cases, sOil may discount in DEX, so as to obtain more sUSD, but in theory, there is little possibility of a run leading to a substantial discount in sUSD. Big discounts are not inherently common, and program arbitrage continues to level the spread, with middle-line staking on the platform.
Of course, this is a high regulatory risk as many Sythetix currencies are currently banned from the Uni main interface. But you could theoretically issue an infinite amount of oil, and if you had this thing on those days when the price was negative, you could theoretically hold hundreds of millions of contracts and not worry about delivery risk, as long as there wasn't a run on the contract itself. Of course this thing could actually $United Sts 12 Month Oil Fd Lp Unit Ben Int (USL.US)$ more, save warehouse fees to replace the cost, who earned the money, this matter depends on opinion
But this is the closest thing I've ever seen to an ancient silver note
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