New York City, New York, Feb 15, 2021 – Today, Parachute, a DeFi platform, and token launched in 2018 announced the launch of their open-source decentralized financial derivatives protocol, Hedgey. Hedgey.Finance allows non-custodial options markets to self-launch while integrating Uniswap’s liquidity, oracles, and flash swaps for no-capital cash closings for its users.
On the launch, CEO of Parachute Lindsey Winder said, “On the surface, Hedgey feels like a Robinhood without the banks, brokers, or hedge funds. Under the hood, it opens a new world of possibilities for trading, hedging positions, and expanding the potential of the decentralized financial market. Before today, DeFi traders were mostly limited to buying and selling tokens. Today, anyone can build a market for the same tokens you buy and sell on Uniswap. It’s a huge step forward for DeFi.”
A few notes on Parachute and Hedgey:
About Parachute: Parachute is a DeFi-tech startup building new tools for old finance. Founded in 2018, Parachute has launched multiple platforms that bring DeFi to its users. With over 40,000 users and 2.5 Million transactions, its first product, ParJar, has become a hit for global communities on Telegram.
Media Contact
Lindsey Winder
Source : Parachute
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