AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).
AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.
The launch of governance token is part of a broader strategy that involves plans to release Solana's first layer 2 scaling solution, Zeta Markets said in the press release.
The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.
