SSV 1-20 Times U-Standard Perpetual Contract To Be Launched on February 23

02/23/2023 05:07 • Metaverse & Beyond • 104 views

On February 23, according to the official announcement, the SSV 1-20 times U-standard perpetual contract will be launched at 20:00 on February 24, 2023 (Eastern Eighth Zone Time).

Yunan will launch SSV 1-20 times U-standard perpetual contract

Interpretation of the news:

On February 23, an official announcement was made regarding the launch of the SSV 1-20 times U-standard perpetual contract. This contract is set to be launched on February 24, 2023, at 20:00 according to Eastern Eighth Zone Time. This announcement is crucial for SSV token enthusiasts and traders, as it signifies the entry of SSV into a new era of automated finance and decentralized trading.

The SSV token is native to the SSV network, which is an Ethereum-based decentralized exchange platform. The platform allows for P2P trading of ERC20 tokens, and features an automated market maker algorithm that maintains liquidity and fair pricing for all assets listed on the platform. To further enhance the trading experience on the network, the SSV team has developed a range of trading products and instruments that allow users to manage their portfolios more effectively, one of which is the SSV 1-20 times U-standard perpetual contract.

The SSV 1-20 times U-standard perpetual contract is a derivative instrument that allows traders to speculate on the future price of SSV against a designated stablecoin. As a perpetual contract, it has no fixed expiration date, which means traders can hold their positions for as long as they wish. The U-standard in the contract’s name refers to the use of a specific stablecoin as the contract’s price reference, which ensures stable pricing and reduces the impact of volatility on the contract’s value.

The launch of the SSV 1-20 times U-standard perpetual contract is significant for several reasons. Firstly, it presents traders with a new opportunity to trade SSV in a more sophisticated and versatile manner. The perpetual contract eliminates the need for traders to repeatedly open and close spot positions, as they can simply hold their positions for as long as they wish. Secondly, the U-standard reference ensures a stable price reference that allows traders to focus on the market’s movement rather than on the vagaries of the stablecoin market. Lastly, the launch of this contract is expected to boost SSV’s profile and increase liquidity on the SSV network, which will in turn drive more adoption and usage by traders and investors.

In summary, the launch of the SSV 1-20 times U-standard perpetual contract is a significant development for the SSV network and the wider DeFi ecosystem. It presents traders with a new opportunity to trade SSV in a more sophisticated manner, while also boosting the platform’s liquidity and adoption rates. As the SSV ecosystem continues to evolve, it is expected that more innovative products and instruments will be developed, further enhancing the trading experience for users.

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SSV 1-20 Times U-Standard Perpetual Contract To Be Launched on February 23

Yunan will launch SSV 1-20 times U-standard perpetual contract

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