The Bitwyre Engineering team is proud to soon launch perpetual swap futures settled in local currencies and also perpetual swap/everlasting options.
Perpetual swap futures settled in non-USD currencies will allow access to cryptocurrency price exposure without needing to handle custody risk for billions of users on the planet. Bitwyre will allow crypto and also fiat collateral for these derivatives contracts.
Perpetual swap options (swaptions) or best known as everlasting options are better explained in this blog post and paper by Dave White and Sam Bankman-Fried. Everlasting options work similar to perpetual futures, with one difference: the funding fee is calculated as the difference of the mark price and the current payoff of the option, instead of the index price.
If you are a professional trader and would like to try out these new product at launch time, please don't hesitate to contact us at [email protected].