On the world’s largest Ethereum hackathon EthSanFrancisco, team from Synful Futures introduced futures stock trading by using Ethereum blockchain. They demonstrate it on video bellow on Tesla shares. In example collateral for smart contract is ETH, what can be problem in big volatility times. But with growing number of stable coins like DAI, USDC, Tether, etc. volatility problem is solved. This will give more accessibility invest to the all sorts of futures shares for investors from any part of the world.
“Synful futures lets:
- people in any part of the world to invest in the capital markets of any region
- resourceful individuals/institutions to lend capital at competitive rates
- traders to buy and sell synthetic futures based on any kind of asset”