is there a way to use some contract in FTX as a way to hedge BTCUSD without having to buy/sell continuously as price move? (ie: to create synthetic dollar with BTC deposit)
it seems an inverse contract is needed for this. but would like to confirm.
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exactly what are you trying to hedge? The differences between inverse and linear are really subtle.
Are you trying to use BTC collateral to short BTC futures?
create a synthetic dollar with BTC as the collateral.
my understanding is:
with an inverse, the position will be in USD.
but FTX has only linear contracts and with it, a bot needs to continuously sell/buy needs to happen to be constant in USD term
am I right?
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> Are you trying to use BTC collateral to short BTC futures?
yes, the goal is to create a USD position with BTC.
the goal is to create a synthetic dollar with Lightning