OpenDelta adopts a new interest calculation mechanism 'issuance' "OpenDelta perpetual bonds"

2024-11-12 15:05:18

Abstract generation in progress

PANews reported on November 12th that OpenDelta, a Solana ecosystem startup, launched its first product, “OpenDelta Perpetual Bonds”, using Solana’s new interest-bearing Token expansion mechanism to provide users with a new way to generate income. The Token is based on the BTC basis trading strategy, using the price difference between the Spot and futures markets to create income. Unlike other Decentralized Finance projects, OpenDelta primarily targets institutional investors, avoiding traditional stake rewards or Token incentives, and focusing on real market returns. OpenDelta CEO Konstantin Wünscher stated that the product is designed to provide investors with real returns, distinguishing it from similar products such as stablecoins. OpenDelta plans to expand into more structured products in the future, providing investors with opportunities for returns based on real assets.

SOL-4.06%

BTC-2.5%

DEFI-1.86%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes