genuinely think not enough people talk about Ventuals and pre-IPO trading.
the market does exists and trading pre-IPO companies has never been something accessible for the public.
however I had a few doubts about some points, but managed to got the answers I needed before going further.
1- the 500k
$hype deposits
HIP-3 requires a project to get 500k
$hype staked to build a DEX. the requirements was at 1M previously, and it will keep reducing as HIP-3 matures.
2- pre-IPO companies value fluctuations
my main concern was the funding fees spent on your trades as I initially thought getting positioned on pre-IPO companies (on a trade) would implies to let the long/short open for a long period of time.
however pre-IPO valuations vary quite often including the fundraises and secondary market sells/buys for investors.
3- price oracle and data provider
this point was probably one of the most “questionable” for a lot of people: where do they get the price from?
pretty much the first time I hear about this but it’s basically a 50/50 weighting of an external valuation estimate based on industry-leading offchain data sources and The 8 hour EMA of the last day's minutely mark prices based on hyperps model.
if you want to do your own research (which I vividly recommend to be more comfortable with your investments), you can find some information/updates from the profiles of the team
@emhsia @alvinhsia &
@graphbluff
good PMF and talented team, it’s gonna be obvious in hindsight.
MPMP.