UpSideDai

Take a HIGHLY leveraged position on the future price of DAI.

DeFi Derivatives

UpSideDai

DeFi Derivatives

Overview

UpsideDai is a highly leveraged contract for difference (CFD) built on Dai, Uniswap and Maker. This mechanism enables traders and speculators to bet on and hedge against price fluctuations of Dai by buying leveraged long or short positions. The CFD construction enables high leverage (20x) while remaining capital efficient and not requiring high margin requirements (100% collateralization). Positions are priced against the market observable Dai/Usd price by using a combination of the Maker oracle and Uniswap.

Team Members

Strategic & Service Design Professor at University of the Andes.

Christopher Maree

Software Engineer at UMA.

Haythem Sellami

Ethereum smart contract developer at Coinsence.

Lead Developer at mStable.

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