RATE Group | Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash
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Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash

02 Apr Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash

Posted at 23:15h in Bitcoin News by

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Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash

Developers from the organization General Protocols have announced the launch of a synthetic derivatives platform built on Bitcoin Cash. The project Anyhedge aims to be the first decentralized finance (defi) protocol on any branch of Bitcoin and the platform will launch in cooperation with Cryptophyl’s new non-custodial exchange, Detoken.

Also read: Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 Years

Decentralized Finance on Bitcoin Cash

Bitcoin Cash fans were recently introduced to a decentralized hedge solution against arbitrary assets on the BCH network. Similar to other defi concepts, Anyhedge aims to “mitigate volatility through trading of risk in a peer-to-peer, non-custodial, blockchain enforced, fully collateralized way.” The creators of Anyhedge include well known BCH developers such as John Nieri (emergent_reasons), Jonathan Silverblood, Eric Teng, and Imaginary_username.

Anyhedge to Launch Blockchain-Enforced Synthetic Derivatives for Bitcoin Cash

“We believe that Bitcoin Cash and all…

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