Member-only story
By Wowdegen
Decentralized exchanges like Uniswap, Pancakeswap, Quickswap and MDEX reinvented the way people trade digital assets and receive profit from trading if assets’ prices go up.
WOWswap works on top of those decentralized exchanges and offers the simplest tool to maximize profits with 5x leveraged long-swaps.
But is it possible to receive a profit when a token’s price goes down?
The answer is “YES” — it’s called shorting. When you short a token, you loan it from someone and immediately sell that token: Short = Borrow + Sell.
If the token’s price goes 📉, you buy it back later for a cheaper price, return the loan, and keep the profit💰.
“Truth is like poetry. And most people f*cking hate poetry” — The Big Short
At the moment not a single major decentralized exchange offers shorting 🙁. In other words, they allow you to profit from the🐂 market, but have nothing to offer for the 🐻 market.
As for centralized exchanges, many of them support shorting of some popular coins, but on those platforms you have no control over your crypto 😱 and no power over trading rules and procedures😡. This is NOT how we see the future of finance.
