Row 83606

Row ID: 83606 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 83606 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

BCH Bull is a permissionless decentralised app, it utilises Anyhedge which is written in cashscript. The smart contracts are done non-custodially on-chain and fully funded the whole time, and as such the risks are largely minimalised but not completely eliminated.

There are two sides to a contract, hedge and long, and depending on which side you take, market movements, as well as supply and demand, there are different fees or premiums which you either pay or get paid and you can accomplish a different result

Hedging is preserving your value no matter what, longing is high risk high reward gambling

The smart contracts rely on price oracles to determine payouts, ideally there should be many oracle providers, currently there is only general protocols, so this is theoretically a risk, practically perhaps not

You are also trusting the service itself to function the way it should and be free of bugs, malicious code etc

You could do a hedge contract with BCH to the price of BTC relative to eachother. If BTC rises and BCH doesn’t, you will receive BCH to make up for your loss of value in BTC terms. The inverse is also true. If BTC lowers and BCH doesn’t, you will end up with less BCH than you put in, but equal value in terms of BTC to what you put in when you did it

If BTC and BCH rise or lower exactly together in terms of USD and maintain their price ratio, you’ll get out more or less exactly the BCH you put in and either gain or lose value based on the cryptocurrency market itself moving

You could do this with BCH/USD instead and gain BCH as the BCH price lowers. If the premiums are good at the time you can get paid to do so

To do this you just go to the site, check the premiums, pick what you want to do, click stabilise and follow the prompts

I made a post a while back asking about the risks, some good responses there

FieldValue
text BCH Bull is a permissionless decentralised app, it utilises Anyhedge which is written in cashscript. The smart contracts are done non-custodially on-chain and fully funded the whole time, and as such the risks are largely minimalised but not completely eliminated. There are two sides to a contract, hedge and long, and depending on which side you take, market movements, as well as supply and demand, there are different fees or premiums which you either pay or get paid and you can accomplish a d…
label r/btc
dataType comment
communityName r/btc
datetime 2024-05-24
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url_encoded Z0FBQUFBQm5Lak80a0VZbjlOVTVPZ2VUN3VfdHZfdnhQX1gzbzZPYUd2a3ZPVDRTMnB1MzNmZHFSZnU0RTYwcHFkVmtkMmZsYnVVZW9heEoxYy1LTk1nNndJZmpCaGllbEphU3o3ejBfenliUUV4cU5aUUtNQVpENDFrTXBrcUg1MDJkUF9TdW9wUmJsa21UTWpYZFh5MFFybi1COVhpeUJGdmtJZlIxQXZZUGlZWmtmZnVvME8taDRPNFVmSkRFWms4S2Y1c1BPZHFMSzljUVdMdUVELUVuek1HTEg5ZnRXdz09

Raw Record

{
  "text": "BCH Bull is a permissionless decentralised app, it utilises Anyhedge which is written in cashscript.\nThe smart contracts are done non-custodially on-chain and fully funded the whole time, and as such the risks are largely minimalised but not completely eliminated. \n\nThere are two sides to a contract, hedge and long, and depending on which side you take, market movements, as well as supply and demand, there are different fees or premiums which you either pay or get paid and you can accomplish a different result \n\nHedging is preserving your value no matter what, longing is high risk high reward gambling\n\nThe smart contracts rely on price oracles to determine payouts, ideally there should be many oracle providers, currently there is only general protocols, so this is theoretically a risk, practically perhaps not\n\nYou are also trusting the service itself to function the way it should and be free of bugs, malicious code etc\n\nYou could do a hedge contract with BCH to the price of BTC relative to eachother. If BTC rises and BCH doesn’t, you will receive BCH to make up for your loss of value in BTC terms. The inverse is also true. If BTC lowers and BCH doesn’t, you will end up with less BCH than you put in, but equal value in terms of BTC to what you put in when you did it\n\nIf BTC and BCH rise or lower exactly together in terms of USD and maintain their price ratio, you’ll get out more or less exactly the BCH you put in and either gain or lose value based on the cryptocurrency market itself moving\n\nYou could do this with BCH/USD instead and gain BCH as the BCH price lowers. If the premiums are good at the time you can get paid to do so\n\nTo do this you just go to the site, check the premiums, pick what you want to do, click stabilise and follow the prompts\n\nI made a post a while back asking about the risks, some good responses there",
  "label": "r/btc",
  "dataType": "comment",
  "communityName": "r/btc",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1uTk1Va0xEbTVWWW9tVFpJQ2tpcV9QX2lQM2JyMGZSeXFKVTYwLU1EckFnZkxyd3laMEV6bFdkd19XZHVQMXZTYWl3NkZYbHpPdVkzOXFfODYtVVk5NkE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak80a0VZbjlOVTVPZ2VUN3VfdHZfdnhQX1gzbzZPYUd2a3ZPVDRTMnB1MzNmZHFSZnU0RTYwcHFkVmtkMmZsYnVVZW9heEoxYy1LTk1nNndJZmpCaGllbEphU3o3ejBfenliUUV4cU5aUUtNQVpENDFrTXBrcUg1MDJkUF9TdW9wUmJsa21UTWpYZFh5MFFybi1COVhpeUJGdmtJZlIxQXZZUGlZWmtmZnVvME8taDRPNFVmSkRFWms4S2Y1c1BPZHFMSzljUVdMdUVELUVuek1HTEg5ZnRXdz09"
}
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