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JumpCrisscross
on June 29, 2018
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Crypto Coin Tether Defies Logic on Kraken’s Market...
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their ability to delta hedge with synthetic contracts to peg your money to USD?
What's being delta hedged?
qeternity
on June 29, 2018
[–]
Delta is the derivative of the price of an option with respect to the price of the underlying. Delta hedging is offsetting your option/derivative delta with some other source of delta, typically the underlying.
JumpCrisscross
on June 29, 2018
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Pardon me, I was confused about who was delta hedging what with Abra, given the paucity of non-linear anything around cryptocurrencies.
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What's being delta hedged?