New DeFi futures to enable hedging against Bitcoin mining difficulty By Cointelegraph

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New DeFi futures to enable hedging against Bitcoin mining difficulty

Decentralized derivatives exchange SynFutures announced a new product called (BTC) Hash Rate Futures that uses the biggest cryptocurrency’s ever-changing mining difficulty as a basis to open long or short positions.

Touted as fully decentralized hash rate futures, SynFutures’ new offering would let users trade on Bitcoin mining difficulty with Wrapped BTC (wBTC).