1/ Loaf has signed an MOU to bring more than US$500M of Australian solar and battery projects on chain, led by Project Amber.
We're partnering with Fusion Source Energy and consortium partners to make this a reality
For the first time, we're seeing early glimpses of real-time price discovery in physical markets.
We've shared a price action visualisation of Saudi Arabia's largest oil refinery, Ras Tanura, trading on Loaf's testnet against the backdrop of the escalating Gulf conflict and Iran war.
The movements have been produced by 5,000 traders in Loaf's "Trade the News" competition round since it launched 72 hours ago.
Below is a high level on how one may approach pricingthe oil refinery & terminal.
Ras Tanura refinery up 200% on the day as Saudi energy attacks halt operations of other refineries; UAE trade minister rejects Strait of hormuz Tolls, signalling regional resistance to potential Iranian or external attempts to monetise the chokepoint through which ~30% of global seaborne oil passes.
League of Loaf: Round 2
Trade the News
Asset: Ras Tanura Refinery (Saudi Aramco)
Objective: P&L
The countdown has begun:
Monday Sep 7th, 2am UTC.
Seats: 5000. Prizes to top 200.
Congrats to @Drb00w for solving round name and asset first. Check DM.
We're back! Who's ready for R2?
Expect a series of exciting upgrades and updates to be rolled out over the coming weeks to our followers.
For those new, Loaf is holding a world first trading competition for physical assets. 5 rounds, 50k USDC to win.
First to guess the round name and asset before it's announced gets $100 and automatic spot in R2. We'll be checking all comments!
Hint: You'll want to piece together our upcoming posts.