If bitcoin’s price drops below $62,000 by the maturity date, the buyer will likely exercise this option, forcing Metaplanet to buy 223 bitcoin at the higher strike price. Therefore Metaplanet’s bitcoin holdings would increase by 223 bitcoin, even if the market price by Dec. 27 is lower, however the premium partially offsets the spot price risk.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...