Use Cases
In 2020, 25.55 billion futures contracts were traded worldwide. Ariel is set to disrupt the traditional derivative market. While the possibilities are endless, below are a few obvious use-cases of the platform:
Forex or Foreign Exchange market is where national currencies are traded. To put things into perspective, Forex market volume reached $6.6 trillion in April 2019 compared to NYSE’s $22.4 billion per day volume. Terra’s decentralized algorithmic stablecoins allows us to create a more efficient alternative to the traditional forex market. Users can open leveraged positions on a stablecoin pair to speculate on a currency.
Terra already provides native synthetic assets such as mTSLA, mMSFT, mAAPL, etc. Mirror has around $1B+ in TVL and growing. With Ariel people would be able to utilize leveraged positions on mAssets as well.
Users can long/short any crypto-asset on Ariel. While there are hundreds of cryptocurrencies, tradable assets would be decided by community votes. With Terra’s IBC capability the future in this regard looks very promising.
Last modified 1yr ago