Vyper Protocol, a major player in the world of DeFi, is set to launch $ARB trading today. The new product will provide digital asset investors with an easier and cheaper way to explore new opportunities around the Arbitrum airdrop. Those who received the airdrop can place a sell order to lock-in a certain price, whereas those who missed the airdrop can place buy orders.
$ARB Forwards are tied and settled to the ARB USDC Index price provided by CoinMarketCap (https://coinmarketcap.com/currencies/arbitrum/). The index measures the current market price of ARB/USDC. Until the token is not listed on any major exchange the Index returns 0, as soon as $ARB starts trading the Index will return the CoinMarketCap latest price.
Trading $ARB Forwards involves taking a view on the future price of ARB. With the new offering, traders can bypass complexities involved in trading OTC which poses serious exposure to privacy and security risk. This product is particularly useful for those who want to hedge their airdrop or get exposure to ARB as they are not eligible for it.
Vyper Protocol users will be able to trade ARB Forwards expiring 24 March 10am UTC. The contract is linear, margined, and settled in USDC. Each contract requires a collateral of 1 USDC.
Traders should note that ARB Forwards, like other derivatives, are leveraged products that can amplify both gains and losses.