cryptosapiens
Welcome to CryptoSapiens—the onchain creators cabal. Cast your onchain WIPs, tips and strategies. Rewarding bangers with $CABAL CA: 0x0b56fcfC1c1e9Dcc1Db8e61C65283070F02c76C6
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2. Word Taker/Maker Commissions directly affect your break-even point. There are two types: - Taker: Market orders that execute immediately (higher cost). - Maker: Limit orders that provide liquidity (lower cost). Taker fees are usually 2-3 times higher. Whenever possible, use limit orders to reduce costs, even though they may take longer to execute. ----- 3. Spread The spread is the difference between the bid price and the ask price. For tokens with low volume, this spread can be significant. For example: - Selling at 0.12592 - Purchased at 0.12583 There is a difference of 0.00009 (0.071%). In delta-neutral strategies, the spread affects you twice when you open two positions. Using limit orders helps control this risk, although there is a possibility that only one will be executed. If both trades are completed, you will achieve a more accurate delta neutrality.
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Very Common Mistakes in Delta Neutral Strategies 🧮 (Part 1) Many people are farming perpetuals airdrops using delta neutral strategies, and there are many common errors being made. Let's explore the first point 👇 1. Relying Solely on the Current APR A common mistake is opening positions attracted by an extremely high Annual Percentage Rate(APR) without considering its historical average. Compare these two scenarios: - Token X: Offers a 200% net APR, but this return has only been sustained for a few hours. - Token Y: Offers a 100% net APR, but has maintained this return consistently for weeks. Therefore, Token Y is generally the more reliable option. Its consistent performance history is a better indicator than a high but volatile APR, especially if you cannot monitor your investments on a regular basis. In this image, the funding is good, but it has only been going on for a few hours and will not last long. Want to know the rest? Comment below.
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Okay, a few days ago I announced that I would be implementing a plan to exchange all my earnings from “Mini apps” to accumulate two specific currencies. The reason for this is that I want to be exposed to the strongest currencies on the market. However, these are not random exchanges and depend on the amount, since I not only want to accumulate small fractions of BTC or ETH, but I also want to accumulate tokens from important projects in FC. So, knowing this, the proportions of the exchanges will depend on the amount of profit you make. This is how it will work: - $8 to +$: Profits that are $8 or higher will be exchanged 50%/ 50% to accumulate $ETH and $cbBTC and in some cases keep half in $USDC - $7 to $5: These profits will be used to accumulate $USDC, $BETR, $TIPN, $noice, $SKY etc. - $4 to $1 or less: These small fractions will also go to $ETH, $cbBTC and other volatile tokens. In the end, I will rotate the money to wherever is most convenient at the time.
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