Content pfp
Content
@
https://warpcast.com/~/channel/airdropfind
0 reply
0 recast
0 reaction
Preator pfp
Preator
@fourvork
Best Farming Strategy for @SonicLabs? This strategy gives: - 100%+ APR (current rates) - Pseudo Neutral IL hedge - Farming Shadow - Farming Sonic points - Farming gems on Vertex What's the idea: You buy $S, hedge it on Vertex, and provide LP on Shadow for S/USDC.e Pair Steps for farming: 1) Buy $S on spot. But don't worry, we are hedging it 2) Short the same amount of $S on Vertex at the same time you buy $S on spot (funding is 0%) 3) Go to shadow so, and provide liquidity on S/USDC.e position. (all links will be below) Wide +-15% range will give you 115% APR on Shadow. You can pick wider range if you don't plan to rebalance, but APR will be lower. Thus, we farm high APR from shadow, we get 9x sonic points for that, and we farm Sonic points + gems on VERTEX short
1 reply
1 recast
3 reactions
Preator pfp
Preator
@fourvork
Position Management If the price goes up, All our usdc will be converted to $S. Then we will have to sell our S$ and at the same time close the Sonic short. In total, we will be in good profit UNLESS YOU FORGET TO CLOSE THE SHORT after you are out of range and the price CONTINUES TO GO UP. So set alerts If the price goes down let's say 15% all our S in the wide LP will be converted to USDC.e, while our short on VERTEX will have a good Pnl. then we just withdraw the LP and close our short. No rush, if price goes back we are back in range and earning fees and are hedged. if it goes down, we continue earning PnL on vertex ALSO If you never did advanced LP then too bad for you, but you can still go with a very wide range safely with less APR. O,4-0,8 range still gives 30% APR + all the points, and you can set even wider range This is my favorite strategy For Sonic so far, but there are risks so DYOR and make sure you understand everything.
0 reply
0 recast
1 reaction