Perpetual contracts b will appear in the crypto industry
The decentralized digital market is actively developing, mastering more and more new technologies. One of the latest financial solutions that received real support from serious developers has become a platform for decentralized perpetual contracts. What is it and is it worth paying attention to such developments? Let’s figure it out together, highlighting all the subtleties and nuances. So let’s get started.
What are eternal contracts?
The concept, in fact, is an added variation of futures. Futures, we recall, is a contract for the purchase or sale of cryptocurrency, which is concluded not at the current price, but at the expected price. That is, the user tells the exchange that he is ready to buy a coin if its price reaches the mark X on time Y. Money is paid immediately. And if the digital asset does not reach the indicated mark X in time Y, funds are returned to the user. This is the meaning of futures. However, eternal contracts are somewhat finalizing this concept. The difference is that in perpetual transactions there is no Y indicator. That is, a transaction is planned without reference to time. So she, sooner or later, but will happen. This is evidenced by probability theory, because even an event with a chance of 0.0001% can happen.
And now such a market tool has moved from fiction to a real prototype. Behind the development is the large market company DyDx, which is engaged in the creation of decentralized platforms. The company employs well-known programmers and economists who predict a great future for this tool. Note that so far, deals are only planned with stablecoins. The first contracts will be concluded on the basis of the USDC coin, which, we recall, is tied to the dollar. The company is not yet ready to work with fully autonomous assets. Since cryptocurrencies are very volatile, perpetual transactions carry certain risks for the paying party. But over time, eternal contracts will be applied with the usual coins. You can be sure of that. Too many people want to invest money once and become a millionaire, so large exchanges will surely satisfy this demand.
Is it worth it to work with perpetual contracts?
The new tool is surprising and many questions. One of them is whether such deals deserve a serious investment? In fact, a lot depends on you. If you are engaged in large market operations, then most likely you are not interested in investing money so far ahead. Always keep in mind that there is a fraction of the likelihood that your forecasts will not come true for a very long time, and the money will not be returned. Either carefully predict the price increase and bet big money according to your own predictions, or do not mess with perpetual contracts at all. So far, this tool is in the early stages of development, so with serious investment, you should wait. Over time, when the technology becomes more reliable and passes all the necessary tests, you can invest even in huge volumes.