What are Smart Contracts and Futures?

Smart Contracts are self-executing contracts with the terms written directly into code. These contracts automatically execute when predefined conditions are met, eliminating the need for intermediaries. They’re commonly used in decentralized finance (DeFi) for lending, borrowing, and trading.

Crypto Futures are financial contracts that allow traders to speculate on the future price of a cryptocurrency. Unlike spot trading, futures involve an agreement to buy or sell an asset at a future date for a set price. They’re useful for hedging risks or leveraging trades but come with higher risk due to market volatility.