Stablecoins are by far the most popular class of in the current bearish times. As a class they have been growing consistently in variety and volume through the middle of 2018. The team at .com has a fairly comprehensive . It’s worth a read.
At , we like both the financial engineering underpinnings and the decentralized nature of DAI. Given that, we have added support to trade ETH/DAI pair on the . We are excited about it and hope you are too.
Why is this important?
DAI is a stablecoin that tracks to USD. Unlike, other USD pegged stablecoins it is not backed by USD sitting in a bank account, as collateral. Instead, it’s collateralized with ETH. By over collateralizing and using a set of algorithms DAI maintains its peg to the dollar. The details of the DAI stablecoin system is explained in the .
It exists as an ERC20 on the network and as such anyone with an can own, accept, or transfer it. You can buy things with it. You can spend it without worrying about the price volatility. When your holdings in ETH are going through massive swings in price, you could move your portfolio to DAI if you desire a more stable value.
With the emergence of stable coins, we believe, the of is going to see an upswing.
on Leverj
A sample order book for the ETH/DAI pair on , showing interest of buyers and sellers in this pair. The matching engine picks the most compatible bid and ask quotes for a trade.
Trade via a form
Most traders are familiar with order forms to buy or sell .
Simple and intuitive user experience helps traders make decisions with ease. We allow traders to click on order book entries to pick the price of their choice. This enables you to walk the depth of the book and click at the price you want to enter. Convenient percentage calculators for amounts is also included.
Trade via chart
You can also trade via the chart. Just click on the price point you want to enter at and you will see your order form being populated and ready to go.
Please keep in mind
US Persons are not allowed to trade on . Users from sanctioned country or are also not allowed to use the system.
Before you trade, please make sure you are legally permitted to trade , derivatives, and any other instruments offered on this platform from your home jurisdiction.
Nothing in this article constitutes an offer, solicitation, or investment advise. All images and screenshots are from our test environment and do not represent quotes on the live system.
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Published at Thu, 28 Mar 2019 12:08:39 +0000
