High US crypto alternate Coinbase is itemizing one Ethereum (ETH) restaking protocol challenge for pre-launch buying and selling.
In a brand new announcement, Coinbase says that EigenLayer (EIGEN) is now out there for buying and selling forward of its official launch on the platform’s Worldwide Alternate and Coinbase Superior for customers in eligible jurisdictions exterior of the US, UK, and Canada.
Says Coinbase,
“Now you can commerce EIGEN-PERP with as much as 2x leverage. EIGEN opens with a worth of $7.307 and an Implied FDV (totally diluted valuation ) of $12.2 billion.”
EigenLayer permits ETH holders to re-stake their tokens to be used as “cryptoeconomic safety” for protocols apart from Ethereum, in alternate for protocol charges and rewards, in keeping with EigenLayer’s web site.
Pre-launch buying and selling on Coinbase is a newly added function.
Says Coinbase,
“Pre-launch markets permit customers to commerce perpetual futures contracts on tokens that haven’t launched but. When the underlying token is launched on relevant spot exchanges, the instrument converts to a regular perpetual contract. Pre-launch markets on Coinbase permit customers to take part in worth discovery for upcoming initiatives on a trusted and safe platform.”
Coinbase additionally warns there are increased dangers when buying and selling the pre-launch digital property.
“Pre-launch markets considerably differ from commonplace perpetual futures markets, carrying distinctive issues and posing elevated dangers. It’s essential to train warning and chorus from buying and selling contracts that you’re unfamiliar with or don’t totally perceive the related dangers.”
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