4 posts tagged with "cfds"

With the Umbrel 0.4.11 release ItchySats is a available in the Umbrel app-store!

If you already have Umbrel you find ItchySats in the Umbrel app-store at:

👉 http://umbrel.local/app-store/itchysats 👈

If you don't have Umbrel you can get it here.

If you want to use ItchySats without Umbrel you can read up on how to install it using docker or as binary here. We are working on bundling the ItchySats daemon and the UI into a one-click desktop application, but recommend using ItchySats on Umbrel to be encourage using your own Bitcoin node.

At the end of 2021, we shared with you our plans to create the most awesome Bitcoin DEX. In that post, we outlined how we will take our current solution to the next level over the rest of the year. We also promised to give you a detailed explanation of how our Bitcoin CFDs actually work. Which is why we are here today.

#The Vision: Reach for the moon? We reach for the stars!

We are building the first fully non-custodial, peer to peer Bitcoin DEX. - A "fully non-custodial, peer to peer Bitcoin DEX" - What does that mean?

1. Non-custodial: No platform, no middle man - just you and your keys.
2. Peer to peer: Trading partners are connected directly, no centralized instance.
3. Secured on chain: Your positions are securely locked up on the Bitcoin blockchain.
4. No counterparty risk: The protocol ensures your trading partner is fully backed - the margins are locked on chain for the duration of the CFD.
5. Accountless: Start it up and trade. No account needed.

In this blogpost we introduce you to our latest project: Hermes, CFD trading using DLCs on Bitcoin. Other than project baru we decided to build on Bitcoin directly rather than building on the Liquid sidechain. We are teaming up with ItchySats for CFD trading directly on Bitcoin and support them with DLC research.