Share this article
Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners
The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions.
Updated May 9, 2023, 4:08 a.m. Published Feb 24, 2023, 7:11 a.m.
Metalpha Technology Holding Ltd (MATH), a wealth management company for cryptocurrencies, said on Friday it will work with Litecoin Foundation to develop sustainable mining solutions for the Litecoin ecosystem.
The Litecoin foundation is a nonprofit that maintains and develops products for the namesake blockchain.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The partnership’s specific areas of research will include developing derivative products, facilitating renewable energy use, increasing energy efficiency and lowering carbon emissions from mining on the Litecoin Network.
Metalpha will develop financial derivative products for LTC tokens, it also aims to support crypto miners with hedging products against market risk and to lower the environmental impact of crypto mining.
Hedging is a risk management strategy employed to offset losses in investments by taking an opposite position in a related asset.
Crypto mining is a resource-intensive activity that relies on powerful computers to process and validate transactions for proof-of-work blockchains, such as Bitcoin and Litecoin. Miners receive the network’s tokens as a reward, which are typically sold on the open market to cover extensive costs and turn profits.
However, a drop in crypto prices has lead to churn for miners as they are unable to convert the high costs. This is where hedging comes in, allowing miners to continue operations by generating money regardless of market movements.
Meanwhile, Metalpha and Litecoin Foundation added they will work with universities and research institutions to further sustainable blockchain innovation, support public education around the Litecoin network, and improve network awareness, adoption and scalability.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
