Advertisement
AD

Main navigation

Advertisement
AD

Error message

Warning: Undefined array key 0 in amp_entity_view_alter() (line 156 of modules/contrib/amp/amp.module).
amp_entity_view_alter(Array, Object, Object) (Line: 545)
Drupal\Core\Extension\ModuleHandler->alter('node_view', Array, Object, Object) (Line: 304)
Drupal\Core\Entity\EntityViewBuilder->buildMultiple(Array) (Line: 238)
Drupal\Core\Entity\EntityViewBuilder->build(Array)
call_user_func_array(Array, Array) (Line: 111)
Drupal\Core\Render\Renderer->doTrustedCallback(Array, Array, 'Render #pre_render callbacks must be methods of a class that implements \Drupal\Core\Security\TrustedCallbackInterface or be an anonymous function. The callback was %s. See https://www.drupal.org/node/2966725', 'exception', 'Drupal\Core\Render\Element\RenderCallbackInterface') (Line: 788)
Drupal\Core\Render\Renderer->doCallback('#pre_render', Array, Array) (Line: 377)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)

Decentralized Derivatives Startup Secures $13 Mln Through Series A Funding Round

Advertisement
Fri, 19/10/2018 - 21:17
Decentralized Derivatives Startup Secures $13 Mln Through Series A Funding Round
Cover image via U.Today
Read U.TODAY on
Google News
Advertisement

dYdX, a decentralized financial derivatives startup, has raked in $10 mln during its Series A funding round spearheaded by Andreessen Horowitz and Polychain Capital. The company strives to reach the disintermediation of the financial system by replacing brokers with smart contracts.

Related

Advertisement

Making the next logical step    

The five-strong company is building the Blockchain-powered infrastructure that allows users to seamlessly trade derivative products peer-to-peer. dYdX’s margin trading protocol supports placing both long and short positions.

According to dYdX’s founder Antonio Juliano, the decentralized platform for trading derivatives is the next logical step in the development of Blockchain. First, he explains, there was Bitcoin, the first decentralized digital asset. The growing popularity of Bitcoin and other cryptocurrencies prepared the ground for decentralized cryptocurrency exchanges. While their activity pales in comparison to the leading centralized exchanges, Changpeng Zhao, Binance CEO, claims that mainstream decentralization is close.

After working with Coinbase and Uber, Juliano is working on a hew Blockchain use case that will change the face of today’s cryptocurrency trading. On top of that, it could also tackle the volatility issue that is constantly parroted by Bitcoin defeatists.

The first trustless method of Ethereum shorting

Earlier this September, the startup has already launched the new platform called Expo, which offers its users the short Ethereum token for betting against the second biggest currency in the world. The modus operandi of Expo is very straightforward – each time Ethereum loses its value, the price of the short token spikes (and vice versa). During an interview with TechCrunch, Juliano pointed out that cryptocurrency derivatives are mostly popular with sophisticated investors, but Expo has the potential to change that. Expo “abstracts a lot of compilations” from the process of margin trading.

In the nearest future, more assets, including the ZRX token, will be adding to the trading platform. So far, they focus more on increasing their user base rather than maximizing their profit.

card
 

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD