DeFi

Is this a good strategy?

How can I set it up myself if I believe we have the bottom now and ETH will rise to 10$k?

1/ If you believe $ETH is forming a bottom, this LP on @SonicLabs is a very straightforward way to capture upside, maximize yield exposure, and continuously mitigate market risk by consistently taking profits into $USDC.

A 🧵 https://t.co/BfDvT8lbFV

naly

Is this a good strategy?

How can I set it up myself if I believe we have the bottom now and ETH will rise to 10$k?

https://x.com/defi_naly/status/1891792463867609265

Open Uniswap v4 on your favorite chain

Create pool

Bottom tick denominated in USDC is spot price or slightly above if you don’t have any ETH 

Top tick is 10,000$

Jobs done. You’ll be fully put at $10k with a mid price of (entry+10000)/2

You already know what I'm going to say lmao.

The $2600 call option for June 27 only costs $500 to get virtual exposure to 1 full ETH on Derive right now. That's 1/5 the cost, it's already in the money, and you have a built in stop loss if we dip down further.

You can buy 3 of these for $1500, and just yield farm the rest of the $10K and just sit comfy for two months.

nfa dyor

MegaStrategy

Pareto Maximalist. Controversially long ETH

this might be an interesting strategy for /megastrategy convertible holders. conditions for borrowing against your convertibles:
• ETH dips – buy back lower to close out the loan
• ETH rips – convert to MGST and close out the loan
• ETH 🦀 – farm LP with minimal IL