Take a minute to look at this and hit the like button if you understand or hit the reply button for questions..!
Discussion
I don’t get it. Not sure what to ask. I don’t understand how the value of your ecash is stabilized at the exchange.
How its done: financial engineering.
Benefit: “stable” value in synthetic USD.
This is important for a subset of customers who cannot afford to assume the short term volatility downside.
And what does financial engineering mean? 😏
Fugezi fugaziii
“To create the synthetic USD, Stablesats uses a financial instrument invented by the BitMEX cryptocurrency exchange called a perpetual inverse swap using perpetual futures contracts. Futures contracts are a type of agreement to buy or sell a specific asset (such as bitcoin) at a set future date for a set price. Perpetual futures contracts differ in that they are perpetual and don’t specify a future date.”
Example
In the words of Jack: “words”
That still doesn’t make sense. How does selling bitcoin at a future date at a set price stabilize your synthetic USD?
Yup, it’s not my world either. Maybe nostr:npub1flac02t5hw6jljk8x7mec22uq37ert8d3y3mpwzcma726g5pz4lsmfzlk6 can explain it to us
sounds like “printer go brrrrrr”
Backed by Bitcoin.. we do it in the right way...!
How does a user go from cold storage to ecash USD and back to cold storage ?
I need to build this stack to understand... i must build a mint/stablechannel stack asap. This is progress