Give an Example of a Common Proxy Hedge Used for an Ethereum-Based Altcoin.
A common proxy hedge for an Ethereum-based altcoin (e.g. a DeFi token) would be using Ethereum (ETH) perpetual swaps or futures. This is because many altcoins in the Ethereum ecosystem exhibit a high degree of correlation with ETH's price movements, especially during broad market rallies or downturns.