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Decentralized venue Trade.xyz launched a perpetual contract on the iShares 20+ Year Treasury Bond ETF (TLT) on the 18th, offering up to 20x leverage and round-the-clock trading, with prices referenced to the Nasdaq-listed ETF that tracks the ICE US Treasury 20+ Year index. This pushes long-end US duration risk into on-chain perp markets, letting stablecoin collateral express views on UST yields outside Nasdaq hours and widening the crossover between rates volatility and crypto leverage. The core risk is a pricing gap when the cash market is closed, so watch open interest, funding rates, and how the perp basis behaves through weekends and CPI or FOMC-driven yield jumps before treating it as a reliable duration hedge.
As a Crypto signal, watch whether it changes price action, volatility, or flows around TLT.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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