BCH Bull Launches Revolutionary DeFi Trading Platform on Bitcoin Cash AnyHedge!

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• General Protocols has released BCH Bull, a decentralized trading platform built on Bitcoin Cash’s AnyHedge protocol.
• BCH Bull enables users to create long or hedge positions against a variety of assets, including Gold, Silver, BTC, Ethereum and fiat currencies such as USD, CNY and INR.
• The upcoming Bitcoin Cash network upgrade on May 15th 2023 will bring new features such as CashTokens for identity tokens and multi-covenant decentralized applications.

General Protocols Launches New BCH Bull Trading Platform

General Protocols has announced the full production release of BCH Bull, a decentralized trading platform built on Bitcoin Cash’s AnyHedge protocol. By leveraging the scalable UTXO-based protocol of Bitcoin Cash, users can create long or hedge positions against a variety of assets with low transaction fees. Since its beta release in October 2022, BCH Bull has already created and redeemed more than 3 thousand smart contracts.

Features of the Platform

BCH Bull offers several features that improve user experience: it doubles contract size (up to $25K USD hedges and $6K USD 5x long positions), triples contract duration to 90 days, cuts fees by 30%, adds Chinese Yuan as an additional asset and provides language localization for Chinese users. Additionally, the platform integrates a premium tracker to provide up-to-date market information.

AnyHedge Protocol

The AnyHedge protocol is listed on DefiLlama and has achieved over one million US dollar total value locked since its launch in October 2022. This protocol forms the foundation of BCH Bull contracts by eliminating centralized contract risks through individually initiated smart contracts once two traders agree on terms.

Upcoming Upgrade

The upcoming Bitcoin Cash network upgrade on May 15th 2023 will bring many new possibilities such as CashTokens for identity tokens, covenant-tracking identity tokens, voting with fungible tokens, sealed voting and multi-threaded covenants among others that can benefit BCH Bull users in the future when trading contract positions offer potential alternatives to traditional stablecoins.

Conclusion

BCH Bull is an example of how Bitcoin Cash’s expanding ecosystem for smart contract deployment and DeFi DApp creation is paving the way for further innovation in digital finance sector.