Wintermute Launches Customized Token Swap Product

Wintermute has launched the Custom Basket Swaps product, allowing clients to consolidate multiple token positions into a single synthetic position. Clients can customize the tokens and weights in the basket. This product is quoted and executed by Wintermute, enabling the management of multiple token exposures through a single contract. The product supports a single funding rate, leveraged exposure, and no custody features, with margin calculated based on the overall investment portfolio to enhance capital efficiency. Positions will not be automatically liquidated but will be resolved directly by Wintermute through negotiations with counterparties, with funding rate settlement cycles aligning with the existing business arrangements of the counterparties.