An Ethereum hedge contract system is a collection of smart contracts that may automatically meet these demands of hedging the market value of the assets held by their owners.
About Whiteheart
Essentially, a hedge agreement works by allowing the user to acquire an asset on a decentralised exchange and having the hedge contract automatically purchase an at-the-money (ATM) put extended warranty on the client’s screen (DEX).
A put option gives the holder the right, but not the duty, to sell an asset at a defined price for a specified period of time during that period. An ATM put option is defined as a put option whose strike price is equal to or less than the asset’s market price at the time of protection, with a potential 1 percent spread. ATM put options are used for hedging purposes when an asset’s value is at risk.
Hedge contracts make use of liquidity that is pooled by financial intermediaries on non-custodial smart contracts, which is managed by a third party. Selling value downside insurance is performed by liquidity providers, who pool their funds through smart contracts in order to share the possible fees associated with selling this sort of insurance, which is represented by ATM put options. In the event that the value of the assets does not decline, liquidity providers gain fees from hedging contract customers who use their services.
What is Whiteheart [WHITE]?
In contrast to Hegic, Whiteheart is the on hedging system that is created on top of it. The basis of the hedging method is a novel financial primitive known as a hedge contract, which serves as its central component.
Who Are the Founders of Whiteheart [WHITE]?
The creators of this magnificently designed trading currency are still left to be revealed. Approximately 20% of revenues are allocated among HEGIC stake lots (10% of fees are allocated among WBTC lots and 10% of fees are allocated among ETH lots). Hegic liquidity providers receive a share of the fees equal to 20% of the total (10 percent go to WBTC pool LPs and 10 percent go to ETH pool LPs)
What Makes Whiteheart Unique?
Token holders who hold the WHITE token have the right to get a share of the fees collected by the protocol are known as token holders. The entire supply of WHITE is 8,888 pieces. Fees are divided proportionally among the WHITE tokens that have been staked.
There really is no minimum level of WHITE which can be bet on a single round of poker. The following is the initial fee distribution breakdown:
Thirty percent of the fees are dispersed among the WHITE tokens that have been staked. Fees are dispersed among Whiteheart liquidity providers in proportion to 30% of fees.
Where Can You Buy Whiteheart [WHITE]?
If you’re looking for a place to purchase Whiteheart, the best cryptocurrency exchanges to use right now are Gate.io, CoinW, Hoo, and Uniswap (V2).
Frequently Asked Questions
Can I Buy Whiteheart [WHITE] With Cash?
No. There is no direct method to purchase Whiteheart using cash. You can, however, utilise markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy Whiteheart [WHITE] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the Whiteheart [WHITE] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact Whiteheart’s price and market cap.
Whiteheart Official Website –https://www.whiteheart.finance/
Whiteheart Official Twitter –https://twitter.com/WhiteheartDeFi