💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Let me explain Jeff's meaning to everyone:
Backwardation is when the spot price is higher than the futures price.. The implied interest rate structure of options is in contango in the short term.
This gives sellers of short-term options higher premium income because spot is more expensive than futures! Buyers are willing to pay more to hedge short-term risks.
It's a rather rare situation... I find it very confusing to think about why this situation has arisen...