Virtuals Opens Applications for Butler Options-Hedging Test on Derive
Photo: TokenPost
Virtuals Protocol is accepting applications for a private test of Butler’s options trading on Derive, adding a way for Bitcoin (BTC) and Ether (ETH) holders to hedge around major U.S. economic releases. Users set the amount of decline they are willing to tolerate and authorize Butler once. The tool can then carry out follow-up options trades automatically on Derive, an options trading platform, before Federal Reserve rate decisions, Consumer Price Index releases and nonfarm employment data. The private-test feature would add options-based hedging to Butler’s existing tools.
Source: TokenPost
