Paragon Names HYPE² as Its First Product in Power Perps Design
Photo: TokenPost
Paragon announced Power Perps on Nov. 5, naming HYPE² as its first product. The index tracks HYPE’s price squared, making its value rise by larger dollar amounts as HYPE climbs and fall by smaller amounts as HYPE declines. If HYPE doubles, the index reaches four times its starting value. Each $1 increase in HYPE adds more to the index than the preceding $1 increase; on the way down, each $1 decline removes less than the previous $1 decline. The contracts have no strike price or expiration date.
Source: TokenPost
