Illya Gerasymchuk
Entrepreneur / Engineer
The smart contract automates risk management on-chain by:
1️⃣ Enforcing margin requirements
2️⃣ Handling liquidations
3️⃣ Ensuring contract settlement
Removing the need for trusted third parties and ensuring transparency 🛡️
The tokenization of the long and the short positions of the futures contact allows for trading of the positions in a fully decentralized manner, without the need for need for a clearing house
This means no trusted entity or oracles are required, ensuring full decentralization