A stop loss can be right and still become someone else’s liquidity.
After enough time watching perp charts, you notice how price moves around levels everyone can see. Sometimes, the problem isn’t getting the direction wrong. It’s exposing your intention before the trade even plays out.
That’s what interests me about @Nillion Covenants. You can post an instruction onchain, keep it encrypted while it waits, and let it execute when its condition is met. No keeper service babysitting it, and no need to reveal your plan in advance.
Now Dusk, the first release of Covenants, is live on Ethereum mainnet not a testnet. Anyone can create a Covenant, run a node, or build with the SDK. This is only era one of Nillion’s seven era roadmap, with more releases coming before year-end. I’m looking forward to seeing how private stop losses and sealed bids develop from here.
Curious to see how traders put this to work.
@Nillion #NIL $NIL #nil
After enough time watching perp charts, you notice how price moves around levels everyone can see. Sometimes, the problem isn’t getting the direction wrong. It’s exposing your intention before the trade even plays out.
That’s what interests me about @Nillion Covenants. You can post an instruction onchain, keep it encrypted while it waits, and let it execute when its condition is met. No keeper service babysitting it, and no need to reveal your plan in advance.
Now Dusk, the first release of Covenants, is live on Ethereum mainnet not a testnet. Anyone can create a Covenant, run a node, or build with the SDK. This is only era one of Nillion’s seven era roadmap, with more releases coming before year-end. I’m looking forward to seeing how private stop losses and sealed bids develop from here.
Curious to see how traders put this to work.
@Nillion #NIL $NIL #nil