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What is the meaning of 3s and 3L in Bit’er API?

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What does 3s and 3L mean in Bit\’er API? In simple terms, it refers to triple le

What is the meaning of 3s and 3L in Biter API?

What does 3s and 3L mean in Bit’er API? In simple terms, it refers to triple leverage.

1. Contract Trading: Bitcoin futures contracts are a form of derivative issued based on the demand of the Bitcoin market (such as options). It can be used as a margin trading tool or portfolio management tool in the spot market. However, if we do not consider price fluctuations, a new pattern will emerge, which is the 3S contract. 2. Borrowing and Lending: Borrowing and lending is a way of cryptocurrency loans, similar to how borrowers in traditional finance deposit a certain amount of funds in the bank. The interest rate can be automatically adjusted through algorithms.

This is such a mechanism for Ethereum. After ETH2.0 begins operating, people will use various collateral, including ETH/ERC20 tokens, ETH/DAI, etc. However, these must go through strict risk control procedures to achieve the desired effect, so users must assess the risks of their assets and bear corresponding losses.

Of course, there are also other types of leverage products, such as the mainstream Bitcoin options platforms like Deribit, OKEx, etc. However, the difference between these two platforms is that they each have their own characteristics – decentralization and no need for third-party custody. So, their differences are: 1. EOS has lower costs compared to BTC; 2. Tether has a greater advantage compared to others.

Bit’er API

Bit’er API (Dianshi) will officially launch a 7-day cryptocurrency mining livestream starting on June 20th at 16:00.

API is a blockchain-based digital asset wallet designed to allow users to securely and quickly participate in digital asset investment and payments. By scanning the poster QR code, users can enter, enter the password or import the mnemonic phrase to generate an address, and send an email to their mailbox. It supports various mainstream currencies such as BTC, ETH, and various ERC-20Tokens, and can directly participate in mining and trading.

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