The startup provides a decentralized shorting infrastructure that enables users to short any cryptocurrency token while earning interest on their holdings. By integrating margin trading and real-time delivery of decentralized derivatives, the platform enhances liquidity and profitability for users in the cryptocurrency market.
Funding
Funding not disclosed
Founders
Product
Problem
Existing cryptocurrency markets lack efficient mechanisms for shorting tokens and earning interest on holdings simultaneously. This can limit trading strategies and potential profitability for users seeking to capitalize on market volatility or hedge their portfolios.
Solution
Shorter Finance provides a decentralized infrastructure for shorting any cryptocurrency token while allowing users to earn interest on their holdings. The platform integrates margin trading with real-time delivery of decentralized derivatives, enhancing liquidity and profitability within the cryptocurrency market. Shorter Finance utilizes a suite of smart contracts, including Pool Guardian, Trading Hub, and Auction Hall, to facilitate on-chain auto-brokering. The platform's architecture allows for the creation of token loan pools, enabling users to act as providers and earn interest.
Target Audience
The primary users are cryptocurrency traders and investors looking to implement shorting strategies and earn interest on their digital assets within a decentralized environment.
Features
- On-chain auto-broker protocol for decentralized shorting.
- Integration of margin trading and real-time decentralized derivatives.
- Smart contract suite including Pool Guardian, Trading Hub, and Auction Hall.
- Token loan pools for earning interest on holdings.
- Javascript framework that enables front end developers to focus on business logic without any perception of DeFi or Web3.
- REST API