Rune-Linked Address Expands 20x Leveraged S&P 500 Short to $2.58 Million
The MakerDAO (decentralized lending protocol) co-founder-linked wallet added 68.76 contracts, bringing the total short position to 390 contracts at an average entry price of $6,615.5.
RUNE
Summary
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Terms & Concepts
Leveraged short position: A trade that borrows exposure to bet an asset’s price will fall, with leverage amplifying both gains and losses.
Unrealized profit: Paper gains on an open position that have not been locked in because the trade remains active.
MakerDAO: A decentralized lending protocol on blockchain that is known for issuing the DAI stablecoin.