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Smart Arbitrage on Binance is an innovative tool that allows traders to take advantage of arbitrage strategies between perpetual futures contracts and their counterparts in the spot market. Here’s a detailed explanation from several aspects:
1. What is Smart Arbitrage? Smart arbitrage is a trading strategy that relies on exploiting the differences between the prices of perpetual contracts and the spot market prices for the same cryptocurrency. The trader opens a position in the futures market and another opposing position in the spot market, thereby hedging between the two positions.
2. How does Smart Arbitrage work? - Smart arbitrage relies on the "funding rate" mechanism in futures contracts. - The trader opens a position in the futures (buy or sell) and simultaneously opens an opposing position in the spot market. - The goal is to collect the periodic funding fees that are paid or received from the futures position while minimizing the risks arising from price fluctuations.
@walletconnect $WCT This currency has become competitive with some major currencies and the expectation for this project is to rise #$WCT Successful currency @walletconnect#
WCT# #WalletConnect In short, WCT is the main token of the WalletConnect protocol, which is essential for enabling secure and easy connections between cryptocurrency wallets and decentralized applications across multiple blockchains. The currency is used for governance, storage, paying fees, and incentivizing network participants.#In short, WCT is the main token of the WalletConnect protocol, which is essential for enabling secure and easy connections between cryptocurrency wallets and decentralized applications across multiple blockchains. The currency is used for governance, storage, paying fees, and incentivizing network participants.
### **Information about WalletConnect Token (WCT)**
**1. What is WalletConnect?**
Before understanding WCT, we must understand "WalletConnect" itself. WalletConnect is essentially an **open-source and decentralized protocol** that connects cryptocurrency wallets to decentralized applications (dApps) across various blockchains.
* **Goal:** WalletConnect aims to provide a secure and easy way for users to interact with Web3 applications without the need to expose their private keys or download complex browser extensions. * **How does it work?** Connections are often made by scanning a QR code or a deep link. The protocol facilitates the transfer of encrypted messages between the wallet and the decentralized application. * **Cross-chain compatibility:** WalletConnect supports a very wide range of blockchains (over 300) and wallets (over 600), including Ethereum, Solana, Polkadot, Cosmos, Bitcoin, and more. * **Growth:** The WalletConnect network has seen tremendous growth, supporting millions of monthly connections and being used by tens of millions of users worldwide.
**2. What is WalletConnect Token (WCT)?**
WCT is the **native token** and the utility token of the WalletConnect network. The protocol and its updates,