DeFi1 source
NEAR Adds 24/7 NIFTY 50 Perpetual With Cross-Chain Funding
Headline from The Defiant
Key points
- NEAR protocol has introduced 24/7 perpetual contracts for India's NIFTY 50 index using cross-chain funding capabilities.
- Built on Hyperliquid, the derivative allows traders to utilize up to 20x leverage on market movements.
- Profits and losses from the index point changes settle directly in USDC stablecoins, meaning no underlying physical Indian shares are delivered during settlements.
Summarized automatically by Kryptokite from reporting by The Defiant. Read the original sources for full detail.
Coins mentioned
Sources
- The DefiantNEAR Adds 24/7 NIFTY 50 Perpetual With Cross-Chain Funding · 1 hour agoRead on The Defiant
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