Futures

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A contract to buy or sell an asset at a later date with the price agreed upon today. Investors use these as both a hedge against risk and a tool for profit. In crypto, futures are often perpetual swaps, which were first conceptualized by Robert Shiller in 1992.[1]

Sources:

https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary