An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary.
Market commentary
Good Morning!
A pretty early stage protocol called Horizon (horizon.finance) has caught my attention. Horizon is trying to bring interest rate swaps into the DeFi space. This is a super exciting prospect for me as a former interest rate swap trader.
I have to say, however, that when I read the white paper it is not entirely clear to me yet just how this will work. Also, I am struggling a bit to see the use: who would be on the fixed leg side, and who on the floating leg side? This is a similar problem seen with HASH-rate futures.
Nevertheless, it is definitely a project I will follow closely and check on from time to time.
Now, happy trading, and have a good weekend!
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