CRYPTO HEDGING REVOLUTION IS UNDERWAY
NOW IN ALPHA
Shordex is an institutional-grade DeFi platform offering a family of liquidation-free hedging instruments. Core token Shortbit provides effective gamma-positive hedging of BTC while facilitating native ultra-deep liquidity and zero slippage trades execution. Protect your investments with directional or delta-neutral volatility agnostic strategies.
CRYPTO HEDGING & ADOPTION
UNDERDEVELOPED HEDGING MARKET
Current crypto hedging practices largely rely on perpetual futures - either using them directly, with very high liquidation risks, or as an underlying asset, when respective solutions (eg leveraged tokens) suffer from high cost of hedging, low liquidity and precision, inability to protect against high volatility and, finally, limited scalability
Second - after the lack of regulation - most important reason limiting institutional and wide public adoption of crypto markets is their high volatility and absence of sustainable highly liquid hedging instruments addressing it
RISK MANAGEMENT AS KEY FACTOR
Olaf Carlson-Wee
CEO of Polychain Capital
MISSING LINK
" Anecdotally speaking, I know of many people who are working at hedge funds... who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds?
NEW GENERATION HEDGING TOOL
01
No Liquidation
Unlike most of the existing crypto hedging instruments, Shortbit doesn't carry the risk of liquidation. You can buy Shortbit for any horizon to hedge an exposure to Bitcoin - your position will be kept safe under any market conditions
02
Passive Hedge
Passive hedge means that no rebalancing of your position is required. Make impermanent gain work for you, while building portfolios with any delta
03
Zero Slippage
Shortbit is an institutional-grade instrument. It has built-in AMM facility with zero-slippage execution and massive liquidity support. Buy and sell Shortbit with confidence and enjoy the lowest DeFi fee rates
Hedging
Hedging with Shortbit is unparalleled - simply buy it to set a preferred delta of your crypto portfolio to Bitcoin and other major crypto currencies, which are highly correlated to BTC. Set delta to zero for perfect hedge, or to -1 if you would like to be in a purely short position - no short-selling is required anymore!
Staking
Due to its advanced AMM capacity with volatility-based fees, Shordex earns proceeds that are distributed to participants of Shortbit staking programme. Shordex smart staking offers floating rewards that you can claim at any time
Market making
Shordex has a very special story for Shortbit market makers. Shordex provides fundamental arbitrage opportunity for profitable trading of Shortbit - get in touch with us to know the details!
Impermanent gain explained
Bitcoin + Shortbit portfolios gain value whenever Bitcoin price deviates from its entry value. This is a direct effect of Shortbit gamma-positivity - we call it impermanent gain. For all hedging portfolios formed at 1:1 Bitcoin:Shortbit (in USD values) the Delta is guaranteed to be zero at the entry price level
HOLGING
IS ALL YOU NEED
Shortbit offers unparalleled hedging strategy - hold-to-hedge. We call it holging. No need to worry about liquidation risks or temporary volatility jumps. Shortbit assumes the risks to offer precise and sustainable protection
But if you want to switch to active rebalancing - you can do it at any time. Make volatility scalping work for you - our bots will help you if you choose to
HEDGE THAT ALWAYS PERFORMS
PERMANENT
Shortbit hedge has permanent nature - it means that whatever direction BTC price goes your hedge will be valid and effective, capitalizing on impermanent gain. This is the essence of passive hedge
VOLATILITY AGNOSTIC
To hedge with Shortbit you don't need to make any adjustments for volatility - this instrument is volatility agnostic. Shortbit will equally well hedge your position during periods of low and high BTC price volatility
UNMATCHED LIQUIDITY
TOTAL VALUE AVAILABLE
All liquid assets accumulated by Shordex are immediately available for trading - the feature establishing a critical difference from many other platforms where assets are locked and require special procedures (like liquidation) to make them available for trading. For this reason Shordex uses the term TVA (total value available) as opposed to TVL (total value locked)
ULTRA DEEP LIQUIDITY
TVA is being formed at the very moment of Shortbit issuance (mint), and the total amount of TVA is always and immediately available for trading. Don't be surprised to see decentralized liquidity of Shortbit exceeding its market capitalization. Liquidity provided by CEXs market makers will be extra add-on to it
UNPARALLELED FEATURES
Shortbit
Leveraged tokens
ETFs
Perpetual swaps
Crypto options
Liquidation risk
none
none
none
very high
none
Counterparty risk
none
high
high
high
high
Hedging precision
~0.1%
~3%-15% (up to 300%)
~5%-20%
~0.01%
USD 5000 ticks
Liquidity
very high
low
medium to low
high
medium
Pricing slippage
none
very high
high
very low
medium
Spread
algorithmic ~0.08%
~10% (USD 10k depth)
~0.12%
~0.01% (USD 2M depth)
~5%-12%
Transaction cost
~0.04%
~0.1%
0.25%-1.5%
~0.06%
volatility-based premium plus ~0.03% fee
Time-based cost
none
management & rebalancing fee
management & rebalancing fee
funding rate
none
Volatility resistance
volatility agnostic
not resistant
not resistant
not resistant
resistant
Scalability
high
limited by collateral
limited by underlying assets
high
medium
BEST OF ITS KIND
Parameter
Description
Shortbit
Liquidation risk
Counterparty risk
Hedging precision
Liquidity
Spread
Pricing slippage
Transaction cost
Time-based cost
Volatility resistance
Scalability
none
none
~0.1%
very high
algorithmic ~0.08%
none
~0.04%
none
volatility agnostic
high
Leveraged tokens
Liquidation risk
Counterparty risk
Hedging precision
Liquidity
Spread
Pricing slippage
Transaction cost
Time-based cost
Volatility resistance
Scalability
none
high
~3%-15% (up to 300%)
low
~10%
very high
~0.1%
management & rebalancing fee
not resistant
limited by collateral
ETFs
Liquidation risk
Counterparty risk
Hedging precision
Liquidity
Spread
Pricing slippage
Transaction cost
Time-based cost
Volatility resistance
Scalability
none
high
~5%-20%
medium to low
~0.12%
high
0.25%-1.5%
management & rebalancing fee
not resistant
limited by underlying assets
Perpetual swaps
Liquidation risk
Counterparty risk
Hedging precision
Liquidity
Spread
Pricing slippage
Transaction cost
Time-based cost
Volatility resistance
Scalability
very high
high
~0,01%
high
~0.01%
very low
~0.06%
funding rate
not resistant
high
Crypto options
Liquidation risk
Counterparty risk
Hedging precision
Liquidity
Spread
Pricing slippage
Transaction cost
Time-based cost
Volatility resistance
Scalability
none
high
USD 5000 ticks
medium
~5%-12%
medium
volatility-based premium plus ~0.03% fee
none
resistant
medium
POWERED BY
VERIFIED AND TRUSTED
OPEN SOURCE
Shordex.io is developed to become DeFi standard setter for hedging platforms. It is to offer ultimate transparency and decentralization - all its contracts are to be published and verified once they are audited
EXPERT OPINIONS
As an innovator, Shordex.io capitalizes on invaluable expertise of high-profile financial and risk professionals. Such counseling allows to address hidden risks and avoid inefficiencies while developing a truly innovative product
AUDITED CONTRACTS
Compliance to ERC20 standard implies extensive Shortbit audits to ensure its smooth and full-fledge performance within established services. Shortbit contracts are to get at least 3 high-profile independent audits
FORMAL VERIFICATION
Non-standard and more complicated nature of Shortbit contract implies that a special attention is paid to its math fundamentals. Formal verification is to cover this critical area through extensive modeling and formal proof of underlying assumptions
LAUNCH SCHEDULE
DEVELOPMENT
- contracts development
- dApp development
- patents submission
ALPHA TESTING
- closed alpha tests
- contracts audit and formal verification
- contracts parameters assessment
- liquidity arrangements
BETA LAUNCH
- CEXs listings
- community build-up
- Shortbit launch
