MARKET Protocol (“MARKET”) has created a unique contract that derives value from an underlying asset settling in the future, using smart contracts and blockchain technology. With MARKET any ERC20 token can be used as collateral to gain price exposure to something else, like gold, oil, stocks, bonds, bitcoin or another ERC20 asset..
MARKET Smart Contracts are similar to traditional derivatives in that they are a contract between two or more individuals, which settle in the future based on the price of an underlying asset. Traders can create relationships like AAPL/USDT or SALT/ETH utilizing their digital assets as collateral without converting to fiat currency.
https://medium.com/@MarketProtocol/why-derivatives-cb65de0cd528
