Short Ether Is Now Available on Radar Relay

Published on by Cryptoslate | Published on

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According to a post on the Radar Relay Medium, Short Ether or sETH, the first short token, is now available for trading on Radar Relay.

Trading short tokens on Radar Relay is the same as trading any other ERC20 token on the relayer.

How to trade sETH. All that is needed to buy sETH on Radar Relay is an Ethereum Wallet and DAI token.

Currently, Radar Relay supports wallets including Metamask, Ledger, and Trezor.

Once on Radar Relay, sETH can be found on the advanced trading toggle and traded against the DAI quote.

The rest of the process is similar to trading any other ERC20 token on Radar Relay with one major distinction.

Every short token feature an expiration date - for example, Short Ether 11/30 will expire on Nov. 30.About Radar Relay & dYdX. Radar Relay is a Colorado-based cryptoasset exchange technology that leverages blockchain and the 0x protocol to trade ETH based tokens.

Using Radar Relay, Ethereum-based tokens can be traded directly from Web3 or Hardware wallets.

Radar Relay has raised $13 million to date, $10 million of which came from a Series A round in August of this year.

In the dYdX margin trading protocol, users can short assets, trade with leverage, and earn interest on long positions through trustless loans.