For instance, in the ETF case, an issuer, with the help of the authorized participant, will pool the cryptocurrency and move it to custody, where it sits idle (inactive). However, investors will still take bullish/bearish trades on an exchange through the ETF units.
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...