Weekly recap of the crypto derivatives markets by BlockScholes. Key Insights: The spot recovery we observed last week, for both tokens, has slowed down over the past days, with prices remaining within...

<div><div><div><div><div><span><img src="https://static.fwimg.io/img/feed/8f265f7fda25a24bf75b69f7431dbd6d.jpg" alt></span></div></div></div></div></div><div><div><div><div><div><p>Weekly recap of the crypto derivatives markets by <a href="https://blockscholes.com/" rel="nofollow">BlockScholes</a>.</p></div><div><div></div></div><div><p><strong>Key Insights:</strong></p><p>The spot recovery we observed last week, for both tokens, has slowed down over the past days, with prices remaining within range-bound action. ETH’s futures yields have dropped for short tenors: while we can observe a flat term-structure for BTC’s yields similar to last week, ETH’s now results in a steep structure. Implied volatility levels have overall dropped similarly for both tokens, with ETH’s options remaining at a consistent volatility premium than BTC’s across all tenors. However, volatility levels for short tenors appear to be on the rise once again. Despite oscillation in implied volatility skew, sentiment has moved sideways, not expressing changes from last week across all tenors.</p><p><strong>Futures Implied Yield, 1-Month Tenor</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/4492rh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/218b2498aa7c75eeedf25477f275b295.jpg"></a><div></div><div><p><strong>ATM Implied Volatility, 1-Month Tenor</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/332r9.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/6e0beb218a189d61a6d93aef83a55588.jpg"></a><div></div><div><h2>Crypto Senti-Meter</h2><div><p><strong>BTC Derivatives Sentiment</strong></p></div></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/33r98y.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/bb831ca7fb6902e7f96cb085917b20aa.jpg"></a><div></div><div><div><div><div><div><div><p><strong>ETH Derivatives Sentiment</strong></p></div></div></div></div></div></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/wwy9d.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/317762ed014f6457d0926b4295f26766.jpg"></a><div></div><div><h2>Futures</h2></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/y27292re.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/6f8938589f07821372d42f59c8076af6.jpg"></a><div></div><div><p><strong>BTC ANNUALISED YIELDS</strong> – BTC’s spot yields have largely oscillated and sightly decreased at the front end of the term structure.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/91732rh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/f430905d7db9fb4f24814f3e122172ce.jpg"></a><div></div><div><p><strong>ETH ANNUALISED YIELDS</strong> – ETH’s spot yields have dropped at the front end of the term structure.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/883r912.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/92c7a6ef2c80aa95273f92520c5661a5.jpg"></a><div></div><div><h2>Perpetual Swap Funding Rate</h2><p><strong>BTC FUNDING RATE</strong> – BTC’s perpetual funding rate has overall traded positively over the past week.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/38297fg7eu.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/c9970fcee13df546241468c39b19a721.jpg"></a><div></div><div><p><strong>ETH FUNDING RATE</strong> – ETH’s perpetual swap funding rate is showing some initial signs of recovery after a long period of strongly negative rates.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/289734fg.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/390745508fd5c376657e3474620ca712.jpg"></a><div></div><div><h2>BTC Options</h2></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/3927fh3eu.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/fe93f82525abda44496571087ac4ea53.jpg"></a><div></div><div><p><strong>BTC SVI ATM IMPLIED VOLATILITY </strong>– Implied volatility has overall dropped across the term structure.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/2937fehus.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/71a5faa6653e8f61cd7b5e855d70b6b4.jpg"></a><div></div><div><p><strong>BTC 25-Delta Risk Reversal</strong> – BTC skew has moved overall sideways, but short-tenor smiles are slightly more put-skewed with respect to last week.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/8383r.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/571ec47f1e2255b727d5b50fb30536dc.jpg"></a><div></div><div><h2>ETH Options</h2></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/2984r4329.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/de70aec379666f26b1f1d3a432a99e3a.jpg"></a><div></div><div><p><strong>ETH SVI ATM IMPLIED VOLATILITY</strong> – Shows the same decrease in the term structure as BTC.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/9384th.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/f0234e1e7da71077980e986b810226cf.jpg"></a><div></div><div><p><strong>ETH 25-Delta Risk Reversal</strong> – ETH’s skews have moved sideways and remain at similar levels to last week.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/2929f8.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/8bea1e3e31055b0d48f76726fa27544d.jpg"></a><div></div><div><h2>Volatility by Exchange</h2><p><strong>BTC, 1-MONTH TENOR, SVI CALIBRATION</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/7373ry.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/84868cb45ed5c5fe76f91c69773c670c.jpg"></a><div></div><div><p><strong>ETH, 1-MONTH TENOR, SVI CALIBRATION</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/8831r9.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/cb4533362fbc8a02c20c7d5631ed9504.jpg"></a><div></div><div><h2>Put-Call Skew by Exchange</h2><p><strong>BTC, 1-MONTH TENOR, 25-DELTA, SVI CALIBRATION</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/337ry89h.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/0f21ffc1bc6a95429f64310e24b2d35f.jpg"></a><div></div><div><p><strong>ETH, 1-MONTH TENOR, 25-DELTA, SVI CALIBRATION</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/3737r9g.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/d7b8e2be9b0e73cbcf82ec852a5a2cbb.jpg"></a><div></div><div><h2>Market Composite Volatility Surface</h2><p><b>CeFi COMPOSITE – BTC SVI </b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/2937f8gh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/bc0ffd52e0ca09ae81861e92c417b8a6.jpg"></a><div></div><div><p><b>CeFi COMPOSITE – ETH SVI</b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/292347rf.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/1a93023a226e24c8654c00c19a2e75e5.jpg"></a><div></div><div><h2>Listed Expiry Volatility Smiles</h2><p><b>BTC 25-OCT EXPIRY </b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/38237rg.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/c6d72c86f694d1651303530008432fc5.jpg"></a><div></div><div><p><b>ETH 25-OCT EXPIRY </b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/29274ryy.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/3c051efb4fdcdbdc2347530f7a381b31.jpg"></a><div></div><div><h2>Cross-Exchange Volatility Smiles</h2><p><b>BTC SVI, 30D TENOR </b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/882943rf.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/2204169a74be1b1e7dc3a86d22d6d9fb.jpg"></a><div></div><div><p><b>ETH SVI, 30D TENOR </b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/gg238r.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/b3999f2e71e35ddac394240f76bbe134.jpg"></a><div></div><div><h2>Constant Maturity Volatility Smiles</h2><p><b>BTC SVI, 30D TENOR </b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/237ryyyh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/41626028d4299bc31b9aae49d9460944.jpg"></a><div></div><div><p><b>ETH SVI, 30D TENOR </b>– 7:00 UTC Snapshot.</p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/3737ry.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/59e6e5956766d67f5560b8b1d352375f.jpg"></a><div></div></div></div></div></div><div><div><div><div><div><p><strong>AUTHOR(S)</strong></p></div><div><div></div></div><div><div>    <div><div><p><img alt="" src="https://static.fwimg.io/img/feed/1b8eda7e43219616c1642a1f4cdd807b.jpg"><a href="https://insights.deribit.com/author/block-scholes/" rel="nofollow">Block Scholes</a></p><p>Trading with a competitive edge. Providing robust quantitative modelling and pricing engines across crypto derivatives and risk metrics.    </p></div><label><strong>+ Show profile</strong></label><label><strong>- Hide profile</strong></label></div></div></div></div></div></div></div><div><div><div><div><div><p><strong>THANKS TO</strong></p></div><div><div></div></div><div><p>Enrico Crovini, <a href="https://blockscholes.com/" rel="nofollow">Block Scholes</a></p></div></div></div></div></div><div><div><div><div><div><p><strong>RECENT ARTICLES</strong></p></div><div><div></div></div><div><section><article><div><span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Posts by Block Scholes" rel="nofollow">Block Scholes</a></span></span><span>2024-09-17T21:06:00+00:00</span><h4><a href="https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-38-2024/" rel="nofollow">Crypto Derivatives: Analytics Report – Week 38</a></h4><p><span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Posts by Block Scholes" rel="nofollow">Block Scholes</a></span></span><span>2024-09-17T21:06:00+00:00</span><span>September 17, 2024</span><span>|</span><a href="https://insights.deribit.com/industry/" rel="nofollow">Industry</a><span>|</span></p></div></article><article><div><span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Posts by Block Scholes" rel="nofollow">Block Scholes</a></span></span><span>2024-09-11T19:01:08+00:00</span><h4><a href="https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-37-2024/" rel="nofollow">Crypto Derivatives: Analytics Report – Week 37</a></h4><p><span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Posts by Block Scholes" rel="nofollow">Block Scholes</a></span></span><span>2024-09-11T19:01:08+00:00</span><span>September 11, 2024</span><span>|</span><a href="https://insights.deribit.com/industry/" rel="nofollow">Industry</a><span>|</span></p></div></article><article><div><span><span><a href="https://insights.deribit.com/author/imran-lakha/" title="Posts by Imran Lakha" rel="nofollow">Imran Lakha</a></span></span><span>2024-09-11T11:10:10+00:00</span><h4><a href="https://insights.deribit.com/industry/front-end-implied-vol-pops/" rel="nofollow">Front-End Implied Vol Pops</a></h4><p><span><span><a href="https://insights.deribit.com/author/imran-lakha/" title="Posts by Imran Lakha" rel="nofollow">Imran Lakha</a></span></span><span>2024-09-11T11:10:10+00:00</span><span>September 11, 2024</span><span>|</span><a href="https://insights.deribit.com/industry/" rel="nofollow">Industry</a><span>|</span></p></div></article></section></div></div></div></div></div><p>The post <a href="https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-38-2024/" rel="nofollow">Crypto Derivatives: Analytics Report – Week 38</a> appeared first on <a href="https://insights.deribit.com/" rel="nofollow">Deribit Insights</a>.</p>

Crypto Derivatives: Analytics Report – Week 38

上周我们观察到的代币现货市场的复苏已在过去几天放缓,价格仍在一定范围内波动。HT、ENS和AR等主要代币的价格波动较小。加密衍生品市场的交易量和波动性也有所下降。Key Insights:加密代币现货市场的复苏势头有所放缓,主要代币价格波动较小;加密衍生品市场的交易量和波动性有所下降。

<div><div><div><div><div><span><img src="https://static.fwimg.io/img/feed/8f265f7fda25a24bf75b69f7431dbd6d.jpg" alt></span></div></div></div></div></div><div><div><div><div><div><p> <a href="https://blockscholes.com/" rel="nofollow">BlockScholes</a>每周对加密衍生品市场进行回顾。</p></div><div><div></div></div><div><p><strong>主要见解：</strong></p><p>我们上周观察到的两种代币现货价格回升在过去几天有所放缓，价格仍处于区间波动中。ETH 的短期期货收益率有所下降：虽然我们可以观察到 BTC 收益率的期限结构与上周类似，但 ETH 的期限结构现在却陡峭。两种代币的隐含波动率水平总体均出现类似下降，ETH 期权在所有期限内仍保持比 BTC 更高的波动率溢价。然而，短期波动率水平似乎再次上升。尽管隐含波动率偏差出现震荡，但市场情绪已横盘整理，并未在所有期限内表现出与上周相比的变化。</p><p><strong>期货隐含收益率，1 个月期限</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/4492rh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/218b2498aa7c75eeedf25477f275b295.jpg"></a><div></div><div><p> <strong>ATM 隐含波动率，1 个月期限</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/332r9.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/6e0beb218a189d61a6d93aef83a55588.jpg"></a><div></div><div><h2>加密情绪测量仪</h2><div><p><strong>BTC衍生品情绪</strong></p></div></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/33r98y.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/bb831ca7fb6902e7f96cb085917b20aa.jpg"></a><div></div><div><div><div><div><div><div><p> <strong>ETH衍生品情绪</strong></p></div></div></div></div></div></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/wwy9d.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/317762ed014f6457d0926b4295f26766.jpg"></a><div></div><div><h2>期货</h2></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/y27292re.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/6f8938589f07821372d42f59c8076af6.jpg"></a><div></div><div><p> <strong>BTC年化收益率</strong>——BTC 的现货收益率在期限结构前端大幅波动并略有下降。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/91732rh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/f430905d7db9fb4f24814f3e122172ce.jpg"></a><div></div><div><p> <strong>ETH年化收益率</strong>– ETH 的现货收益率在期限结构前端有所下降。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/883r912.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/92c7a6ef2c80aa95273f92520c5661a5.jpg"></a><div></div><div><h2>永续掉期资金利率</h2><p><strong>BTC融资利率</strong>——过去一周，BTC 的永续融资利率总体呈正增长。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/38297fg7eu.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/c9970fcee13df546241468c39b19a721.jpg"></a><div></div><div><p> <strong>ETH资金利率</strong>——在长期的强负利率之后，ETH 的永续掉期资金利率正在显示出一些初步复苏迹象。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/289734fg.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/390745508fd5c376657e3474620ca712.jpg"></a><div></div><div><h2> BTC期权</h2></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/3927fh3eu.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/fe93f82525abda44496571087ac4ea53.jpg"></a><div></div><div><p> <strong>BTC SVI ATM 隐含波动率</strong>– 隐含波动率在整个期限结构中总体下降。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/2937fehus.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/71a5faa6653e8f61cd7b5e855d70b6b4.jpg"></a><div></div><div><p> <strong>BTC 25-Delta 风险逆转</strong>– BTC偏斜总体呈横盘整理，但与上周相比，短期笑面期权的看跌偏斜略有增加。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/8383r.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/571ec47f1e2255b727d5b50fb30536dc.jpg"></a><div></div><div><h2> ETH期权</h2></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/2984r4329.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/de70aec379666f26b1f1d3a432a99e3a.jpg"></a><div></div><div><p> <strong>ETH SVI ATM 隐含波动率</strong>– 显示出与BTC相同的期限结构下降。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/9384th.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/f0234e1e7da71077980e986b810226cf.jpg"></a><div></div><div><p> <strong>ETH 25-Delta 风险逆转</strong>– ETH 的偏斜横向移动并保持与上周相似的水平。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/2929f8.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/8bea1e3e31055b0d48f76726fa27544d.jpg"></a><div></div><div><h2>交易所波动率</h2><p><strong>BTC，1个月期限，SVI 校准</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/7373ry.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/84868cb45ed5c5fe76f91c69773c670c.jpg"></a><div></div><div><p> <strong>ETH，1个月期限，SVI 校准</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/8831r9.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/cb4533362fbc8a02c20c7d5631ed9504.jpg"></a><div></div><div><h2>交易所看跌-看涨偏差</h2><p><strong>BTC，1个月期限，25-DELTA，SVI 校准</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/337ry89h.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/0f21ffc1bc6a95429f64310e24b2d35f.jpg"></a><div></div><div><p> <strong>ETH，1 个月期限，25-DELTA，SVI 校准</strong></p></div><a href="https://insights.deribit.com/wp-content/uploads/2024/09/3737r9g.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/d7b8e2be9b0e73cbcf82ec852a5a2cbb.jpg"></a><div></div><div><h2>市场综合波动面</h2><p><b>CeFi COMPOSITE – BTC SVI</b> – 7:00 UTC 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/2937f8gh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/bc0ffd52e0ca09ae81861e92c417b8a6.jpg"></a><div></div><div><p> <b>CeFi COMPOSITE – ETH SVI</b> – 7:00 UTC 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/292347rf.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/1a93023a226e24c8654c00c19a2e75e5.jpg"></a><div></div><div><h2>上市到期波动率微笑</h2><p><b>BTC 10 月 25 日到期</b>– UTC 时间 7:00 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/38237rg.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/c6d72c86f694d1651303530008432fc5.jpg"></a><div></div><div><p> <b>ETH 10 月 25 日到期</b>– UTC 时间 7:00 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/29274ryy.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/3c051efb4fdcdbdc2347530f7a381b31.jpg"></a><div></div><div><h2>跨交易所波动率微笑</h2><p><b>BTC SVI、30D TENOR</b> — 7:00 UTC 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/882943rf.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/2204169a74be1b1e7dc3a86d22d6d9fb.jpg"></a><div></div><div><p> <b>ETH SVI、30D TENOR</b> — 7:00 UTC 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/gg238r.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/b3999f2e71e35ddac394240f76bbe134.jpg"></a><div></div><div><h2>恒定到期波动微笑</h2><p><b>BTC SVI、30D TENOR</b> — 7:00 UTC 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/237ryyyh.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/41626028d4299bc31b9aae49d9460944.jpg"></a><div></div><div><p> <b>ETH SVI、30D TENOR</b> — 7:00 UTC 快照。</p></div> <a href="https://insights.deribit.com/wp-content/uploads/2024/09/3737ry.jpg" rel="nofollow"><img src="https://static.fwimg.io/img/feed/59e6e5956766d67f5560b8b1d352375f.jpg"></a><div></div></div></div></div></div><div><div><div><div><div><p><strong>作者</strong></p></div><div><div></div></div><div><div><div><div><p><img alt="" src="https://static.fwimg.io/img/feed/1b8eda7e43219616c1642a1f4cdd807b.jpg"><a href="https://insights.deribit.com/author/block-scholes/" rel="nofollow">布洛克·舒尔斯</a></p><p>以竞争优势进行交易。为加密货币衍生品和风险指标提供强大的量化建模和定价引擎。</p></div> <label><strong>+ 显示个人资料</strong></label><label><strong>- 隐藏个人资料</strong></label></div></div></div></div></div></div></div><div><div><div><div><div><p><strong>由于</strong></p></div><div><div></div></div><div><p>恩里科·克罗维尼（Enrico Crovini），<a href="https://blockscholes.com/" rel="nofollow">布洛克·斯科尔斯（Block Scholes）</a></p></div></div></div></div></div><div><div><div><div><div><p><strong>最近的文章</strong></p></div><div><div></div></div><div><section><article><div><span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Block Scholes 的帖子" rel="nofollow">布洛克·斯科尔斯</a></span></span><span>2024-09-17T21:06:00+00:00</span><h4> <a href="https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-38-2024/" rel="nofollow">加密货币衍生品：分析报告 – 第 38 周</a></h4><p><span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Block Scholes 的帖子" rel="nofollow">Block Scholes</a></span></span> <span>2024-09-17T21:06:00+00:00</span> <span>2024 年 9 月 17 日</span><span>|</span><a href="https://insights.deribit.com/industry/" rel="nofollow">行业</a><span>|</span></p></div></article><article><div> <span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Block Scholes 的帖子" rel="nofollow">布洛克·斯科尔斯</a></span></span><span>2024-09-11T19:01:08+00:00</span><h4> <a href="https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-37-2024/" rel="nofollow">加密货币衍生品：分析报告 – 第 37 周</a></h4><p><span><span><a href="https://insights.deribit.com/author/block-scholes/" title="Block Scholes 的帖子" rel="nofollow">Block Scholes</a></span></span> <span>2024-09-11T19:01:08+00:00</span> <span>2024 年 9 月 11 日</span><span>|</span><a href="https://insights.deribit.com/industry/" rel="nofollow">行业</a><span>|</span></p></div></article><article><div> <span><span><a href="https://insights.deribit.com/author/imran-lakha/" title="Imran Lakha 的帖子" rel="nofollow">伊姆兰·拉卡</a></span></span><span>2024-09-11T11:10:10+00:00</span><h4><a href="https://insights.deribit.com/industry/front-end-implied-vol-pops/" rel="nofollow">前端隐含波动率</a></h4><p><span><span><a href="https://insights.deribit.com/author/imran-lakha/" title="Imran Lakha 的帖子" rel="nofollow">伊姆兰·拉卡</a></span></span><span>2024-09-11T11:10:10+00:00</span> <span>2024 年 9 月 11 日</span><span>|</span><a href="https://insights.deribit.com/industry/" rel="nofollow">工业</a><span>|</span></p></div></article></section></div></div></div></div></div><p> <a href="https://insights.deribit.com/industry/crypto-derivatives-analytics-report-week-38-2024/" rel="nofollow">加密货币衍生品：分析报告 – 第 38 周</a>文章最先出现在<a href="https://insights.deribit.com/" rel="nofollow">Deribit Insights</a>上。</p>

加密货币衍生品：分析报告 – 第 38 周

作者：DeFi Education
翻译：白话区块链
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如果你在过去12个月内交易或投资加密市场，你会发现一个共同的主题：山寨币表现的分化。换句话说，市场变得更加成熟，山寨币的数量激增，而购买这些山寨币的资本总量大致保持不变或略有下降。这些因素结合在一起，使得山寨币的选择成为在加密市场中成功的关键因素。
我们最近强调了，加密市场更倾向于主动策略，而单纯的...

这个周期押注山寨币还有机会吗？

引言
从2021年开始，我们就一直在研发MATR1X FIRE — — 一个能够让更多用户进入加密世界的产品，如今它要面向整个社区，进入到不删档打金测试 — — 创世火种测试，我们称之为创世版本（v0.7.0），未来会在很长一段时间处于“测试”状态，直到将整个产品完全社区化。
在这之前，我们会和社区一起完善整个系统的机制，接下来，我们将重点介绍创世版本中的核心设定。
一、角色与能量
当你进入MAT...

Medium

MATR1X FIRE打金机制详解——长期计划与动态平衡

目前有数十个活跃的L1区块链，随着rollup服务的兴起，L2链的数量迅速增长。减少跨链转移加密货币的权衡取舍能够为所有链解锁价值，改善用户体验，并为用户创造更小的价差。这些功能都是区块链用户、应用程序和协议增长所迫切需要的。桥是用户在链间转移资产和流动性的方式。这对于链上价格稳定性至关重要，更重要的是，它能为消费者提供有竞争力的价格差。当前的加密桥面临着在速度、成本和无许可性之间的三难选择。
三...