The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z). The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…
Leverage Trading
What is Crypto Leverage Trading?
Crypto leverage trading allows traders to use borrowed funds from a broker to trade a larger position than they would be able to with their capital. This allows traders to make larger profits potentially but also increases the risk of losses. For example, a trader has $1,000 and wants to trade a $10,000 position in Bitcoin. With leverage trading, the trader can borrow $9,000 from a broker and trade a $10,000 position. If the price of Bitcoin goes up by…
Block Education
@BlockEducation
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