Abracadabra’s SPELL just got a magic internet asset
annoyedLlama2
May 19
WHOOSH we just shipped a SPELL magic internet asset. Users on Avalanche can get 2x leveraged long and short exposure to the price of SPELL, without needing to hold the underlying asset. The best part? Now SPELL holders and members of the frog nation can strategically use SPELL shorts to hedge out risk, reduce losses and even remove price exposure. That’s huge. Float’s mechanism allows you to mint a long or short position with a single transaction. Longs win when SPELL goes up. Shorts win when...
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