“This $25 million choices commerce marks a watershed second for onchain choices buying and selling, and it is one that would have important implications post-election. The establishment has strategically positioned a novel construction with offered places, purchased calls, and eBTC collateral, probably standing to make $1,020,000 on the construction if BTC hits $80,000 by November 29 – excluding any positive factors from the eBTC collateral,” Nick Forster, co-founder of Derive instructed CoinDesk in an e-mail.
