So with the $XBT mechanism what do we call it? Proof of HODL? Since it's not mining bitcoins but distributing to holders from transaction fees. 🤔
@Raydium@LaunchOnSF ?
Yesterday we closed the book on XBTUSD — the contract that started it all.
Launched on 13 May 2016, it was the longest-running perpetual swap contract in crypto. And until we are told otherwise, the longest running derivatives contract of any kind, given TradFi still trades on contracts that expire.
Let's take a trip down memory lane one last time 💔