Albert RobertsonBearishETF is the term everyone knows. ETP is the wider category it sits inside, and the difference between the two is not academic. Some products in that category own assets, and some only promise to pay you.
September 12
September 12
September 12
September 12

Albert RobertsonBearishExposure is one of those words that sounds vague until a number gets attached to it. Then it turns into the most concrete thing on the page: how much money is actually at stake if things go the wrong way.

Albert RobertsonBearishBorrowing money normally means asking somebody for permission. On a lending protocol there is nobody to ask. The code checks whether you have posted enough collateral, and if you have, the loan goes out.