{"id":91528,"date":"2018-10-31T09:00:14","date_gmt":"2018-10-31T16:00:14","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=91528"},"modified":"2020-04-06T01:19:07","modified_gmt":"2020-04-06T00:19:07","slug":"short-ether-seth-is-now-available-on-radar-relay","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/short-ether-seth-is-now-available-on-radar-relay\/","title":{"rendered":"Short Ether (sETH) Is Now Available on Radar Relay"},"content":{"rendered":"<p>According to a <a href=\"https:\/\/medium.com\/radarrelay\/introducing-seth-short-ethereum-6f12ea9630eb\">post<\/a> on the Radar Relay Medium, Short Ether or sETH, the first short token, is now available for trading on Radar Relay. sETH is a short position in Ethereum abstracted in an <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a> token built on the <a href=\"https:\/\/dydx.exchange\/\">dYdX<\/a> protocol. Trading short tokens on Radar Relay is the same as trading any other ERC20 token on the relayer.<\/p>\n<p>This is a significant breakthrough for cryptoassets and decentralized trading, as traders and algorithms can now hedge portfolio risk and take short positions via tokens. Tokenized short positions can serve as both a risk management tool to combat bearish price action or a hedge on a substantial position.<\/p>\n<h2>How to trade sETH<\/h2>\n<p>All that is needed to buy sETH on Radar Relay is an Ethereum Wallet and DAI token. Currently, Radar Relay supports wallets including <a href=\"https:\/\/cryptoslate.com\/products\/metamask\/\">Metamask<\/a>, <a href=\"https:\/\/cryptoslate.com\/products\/ledger-nano-s\/\">Ledger<\/a>, and <a href=\"https:\/\/cryptoslate.com\/products\/trezor-one-white\/\">Trezor<\/a>. Once on Radar Relay, sETH can be found on the advanced trading toggle and traded against the DAI quote.<\/p>\n<p>The rest of the process is similar to trading any other ERC20 token on Radar Relay with one major distinction. Every short token feature an expiration date \u2013 for example, Short Ether 11\/30 will expire on Nov. 30.<\/p>\n<h2>About Radar Relay & dYdX<\/h2>\n<p><a href=\"https:\/\/radarrelay.com\/\">Radar Relay<\/a> is a Colorado-based cryptoasset exchange technology that leverages blockchain and the 0x protocol to trade ETH based tokens. Using Radar Relay, Ethereum-based tokens can be traded directly from Web3 or Hardware wallets. Radar Relay has <a href=\"https:\/\/www.crunchbase.com\/search\/funding_rounds\/field\/organizations\/funding_total\/radar-relay\">raised<\/a> $13 million to date, $10 million of which came from a Series A round in August of this year. Participants in the round included Distributed Global, SV Angel, Digital Currency Group, Collaborative Fund, Village Global, Kindred Ventures, and more.<\/p>\n<p><a href=\"https:\/\/dydx.exchange\/\">dYdX<\/a> is a San Francisco-based startup building open-source protocols for decentralized margin trading and derivatives. dYdX recently\u00a0<a href=\"https:\/\/medium.com\/dydxderivatives\/dydx-raises-10m-series-a-1250b7e0e1df\">closed<\/a>\u00a0a $10 million Series A round. In the dYdX margin trading protocol, users can short assets, trade with leverage, and earn interest on long positions through trustless loans. In the dYdX options protocol, users will be able to write, buy, or trade any option on any token, and take complex financial positions to increase leverage or reduce risk. The dYdX options protocol is estimated to be complete in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a post on the Radar Relay Medium, Short Ether or sETH, the first short token, is now available for trading on Radar Relay. sETH is a short position in Ethereum abstracted in an Ethereum token built on the dYdX protocol. Trading short tokens on Radar Relay is the same as trading any other [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60840,6849],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Short Ether (sETH) Is Now Available on Radar Relay<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/short-ether-seth-is-now-available-on-radar-relay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Short Ether (sETH) Is Now Available on Radar Relay\" \/>\n<meta property=\"og:description\" content=\"According to a post on the Radar Relay Medium, Short Ether or sETH, the first short token, is now available for trading on Radar Relay. sETH is a short position in Ethereum abstracted in an Ethereum token built on the dYdX protocol. Trading short tokens on Radar Relay is the same as trading any other [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/short-ether-seth-is-now-available-on-radar-relay\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-31T16:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T00:19:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/11\/cryptoslate-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cole Kennelly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Short Ether (sETH) Is Now Available on Radar Relay\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cole Kennelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/short-ether-seth-is-now-available-on-radar-relay\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/short-ether-seth-is-now-available-on-radar-relay\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/#person\",\"name\":\"Cole Kennelly\",\"url\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/cole-kennelly\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/author-cole-kennelly.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/author-cole-kennelly.jpg\",\"caption\":\"Cole Kennelly\"},\"description\":\"Cole is passionate about the intersection of blockchain and finance. 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