Binance to Launch LQTY Perpetual Contract
According to the official news, Binance will launch LQTY 1-20 times U-standard perpetual contract at 20:00 on March 10, 2023.
Binance will launch LQTY 1-20 time
According to the official news, Binance will launch LQTY 1-20 times U-standard perpetual contract at 20:00 on March 10, 2023.
Binance will launch LQTY 1-20 times U-standard perpetual contract
Analysis based on this information:
Binance, one of the world’s largest cryptocurrency exchanges, has recently announced the launch of a new perpetual contract for LQTY. This new offering is expected to be available on March 10, 2023, and will offer a U-standard contract with leverage between 1 and 20 times.
Perpetual contracts are a type of derivative product that allows traders to speculate on the price of an underlying asset without actually owning it. They are similar to futures contracts, but do not have an expiration date. Instead, they are settled periodically either in cash or cryptocurrency, depending on the platform.
LQTY is a relatively new token that was created by the Liquity Protocol. The project aims to provide a decentralized borrowing platform that is more efficient and cost-effective than other similar platforms. LQTY is used to pay fees on the platform and can also be staked to earn rewards.
Binance’s decision to launch a perpetual contract for LQTY is likely due to the token’s growing popularity and promising potential. By offering this product, traders will be able to profit from changes in the price of LQTY without needing to actually own the token. This could lead to increased demand for LQTY, as traders buy the token to use as collateral for the perpetual contract.
The U-standard contract offered by Binance means that traders will be able to choose the amount of leverage they want to use, up to a maximum of 20 times. This means that traders can amplify their potential profits (and losses) by a factor of 20. However, it’s worth noting that using leverage also increases the risk of losing money, so traders should exercise caution when using this feature.
In summary, Binance’s decision to launch a perpetual contract for LQTY is a promising sign for the Liquity Protocol and could lead to increased demand for the token. Traders who are interested in using this product should be aware of the risks involved with using leverage, but could also potentially profit from price movements in LQTY.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/8884.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
What coins does the Antminer S7 mine (l7 Antminer)
What coins does the Antminer S7 mine? According to the official website of Antm
-
Differences between Cny.btc.eth (btc and eth differences)
What are the differences between Cny.btc.eth? According to cryptoglobe reports,
-
Superplastic Raises US $20 Million in Latest Financing Round
It is reported that the 3D character studio Superplastic has completed the A-4 financing of US $20 million, led by the Amazon venture capital department Alexa …
-
Potential Impact of Federal Reserve’s Decisions on Silicon Valley Banks on Regional Banks in the US
It is reported that Bob Elliot, a senior executive of Qianqiao Water Fund and CEO of Unlimited, an investment company, said in a social media message that the decisions of the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) on the future of Silicon Valley banks may affect regional banks in the United States and cause them to face trillions of dollars of run risk. Bob Elliot disclosed data that nearly one third of the deposits in the United States are deposited in small banks, of which 50% are uninsured, and the proportion of uninsured deposits in credit cooperatives is even higher. According to the data of the Federal Reserve, as of February 2023, small banks in the United States have $6.8 trillion in assets and $680 billion in equity. The collapse of Silicon Valley banks will bring “the risk of running thousands of small banks”. （Cointelegraph） Qianqiao Water Fund executives: regional banks in the United States may face…
-
Decentralized exchanges face challenges in gaining mainstream adoption
It is reported that many market observers predict that the use of decentralized exchanges will increase sharply after the collapse of FTX last year, but analys…
-
Data: The circulation of USDC has decreased to around 30.5 billion pieces
According to reports, from April 20th to April 27th, Circle issued approximately 700 million USDCs and redeemed approximately 1.1 billion USDCs, resulting in a decrease of approxim
-
Powell’s Keynote Speech Focuses on Ending “Too Big to Fail”
It is reported that the Chairman of the Federal Reserve, Powell, delivered an Ending “Too Big to Fail” keynote speech at the 2013 meeting of the International Bankers Association in Washington. In his first speech as a member of the Federal Reserve, he discussed how to deal with bank runs. In January 1991, there was the third largest bank failure in the history of the United States. The financial system and the overall economy were under great pressure. 45 banks were closed and 300000 accounts were affected. At that time, the problem was that either the Federal Deposit Insurance Corporation of the United States protected all bank depositors without considering the deposit insurance limit, or it might face a more severe panic run. At last, the Federal Reserve decided to ignore the maximum insurance amount and protect the full amount in each account. Powell proposed to protect the full amount of each account in the collapse of the third largest…
-
New Trading Pairs at Future Exchange
According to the official announcement, the transaction of BTC/RON, AGIX/USDT and APT/ETH pairs will be opened on February 17, 2023 at 8:00 (UTC). Please note …
-
Bank of Silicon Valley Plummets as Investors Pull Out Funds
It is reported that the Bank of Silicon Valley (SIVB. O) fell more than 50% before the market, after several institutions proposed to withdraw funds.
Silicon Va -
What currency does ETH represent
eth stands for what currency according to the news of Ethereum, the full name of Ethereum is the abbreviation of Ethereum Name Service (ENS). It was launched by the ETH2.0 team in November 2019 and is the first project to combine smart contract applications with blockchain technology, aiming to create a decentralized application ecosystem The network can store, manage, and transfer digital assets; You can also use smart contracts for transactions and monetize them, such as Bitcoin, Ethereum and other cryptographic assets.