How to preserve your capital when you’re irresponsibly long using binary options

The situation

As the Na’vi teached us: Connected we are stronger.

Meet Bob

Bob’s base scenario

What if…?

That’s right, you heard us.
  • If ETH goes up, Bob makes money on the sETH trade, minus the cost of the binary options.
  • If ETH goes down, Bob makes some money on the binaries trade, losing less in total on the sETH trade than if Bob did not open the short binary options trade.

Math time

Here we go.
Ladies and gents, Bob is binary hedged

Putting it all together

Thales is a shooter too.

Closing thoughts

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Thales is an Ethereum protocol that allows the creation of novel on-chain, permissionless, and non-custodial Parimutuel Markets.

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Thales

Thales

Thales is an Ethereum protocol that allows the creation of novel on-chain, permissionless, and non-custodial Parimutuel Markets.

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