Part 8/16:
The conversation details the inner workings of these derivatives: from how hash price indices are calculated to how cash-settled futures work. For example, a miner can sell 60% of their hash rate forward at a discounted rate, locking in revenue while maintaining some exposure to market upside. Luxor facilitates these over-the-counter deals through trusted brokers, providing transparency and risk controls like collateralization, due diligence, and performance bonds.