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Ξ huf Profile picture
@hufhaus9
Jan 8, 2022 • 8 tweets • 4 min read • Read on X
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DEFENSIVE FARMING: 8 January 2022

In line with the 'Our strategy for a bear market' article, we have entered some new strategies, and have also utilised Arbitrum and Solana.

TL;DR - added more stablecoins and some delta-neutral positions.

full positions in thread below...
1. Sold 20E worth of covered calls on $AVAX using an automated options strategy using ribbon.finance. Yielding 42.51% APY
2. Added 15 ETH to the MIM/UST/USDC 3poolv2 on liquiddriver.finance yielding 22% APR and harvesting $LQDR
3. Bridged $25k to Solana and running an automated call option selling strategy on $FTT using friktion.fi (fully covered calls). Algorithmic strike and expiry selection. Autocompounds. 84.4% APY
4. Bridged a further $25k to Solana and entered delta-neutral leveraged farming on ATLAS/USDC with offsetting borrow on ATLAS against borrowed USDC. Should net at least 198% APY with little/no market exposure.
5. Bridged 5E to Arbitrum and bought $DPX. Staked on dopex.io at 14.62% APY. Will likely withdraw and enter ETH SSOV's at the next epoch (+63.05% APY).
So that leaves us with more stablecoins, more market neutral positioning and added a little bit at these prices to improve our average entry into a few medium risk plays.
reimaginedfi.medium.com/our-strategy-i…

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More from @hufhaus9

Ξ huf Profile picture
Jul 9
LEVERAGE. ⚔️

It's a powerful thing that can be used to create generational wealth.

But MOST of the time it leads to liquidation emails.

How can we remain leveraged long whilst minimising this risk?

Some thoughts below... Image
📍The Liquidation Problem

Of the $2.4bn of deposits onto Hyperliquid, guess what total notional has been liquidated? (hint: image)

Basically, traders are losing their margin AND their unrealised gains.

How can we keep our gains when you have the right view? Image
📍Pair Trading - a solution?

Pair trading allows you to lever up on your asset views while reducing short-term liquidation risks because the longs and shorts are cross-margined.

It capitalizes on the unique way correlation works in crypto.

Me and @omazett did the maths..
Read 8 tweets
Ξ huf Profile picture
Jun 20
Here's a statistical approach for thinking about pair trading ✍️

This framework might help you no matter what your strategy is.

Let's take a deeper look at $ARB / $LDO, and how you might profit from this... Image
There are 2 ways of pair trading:

1) Narrative based
2) Statistical Arbitrage

Most trades on Pear Protocol are narrative trades i.e. you build a story why Asset A will outperform Asset B (in any market condition) and enter a long/short pos.

Here we'll focus on 2) Stat-Arb Image
Q1 - "Is there a statistical relationship between these two assets?"

Usually we jump to correlation for this (see below image lol).

More important than correlation, is this relationship between $ARB and $LDO constant over time? AND does it mean revert when it deviates away? Image
Read 10 tweets
Ξ huf Profile picture
Nov 17, 2023
wtf does this mean? and will it impact the price of $BTC?

some thoughts below...
1. If you, as a retail buyer want to buy $IBTC (the iShares spot bitcoin ETF), then you'd go to your broker/online platform and swap your $ for shares in the ETF. The broker would go and buy the shares on the exchange (Nasdaq) on your behalf. Easy. Image
2. This is what we call the 'secondary' market. The shares already exist, and you can buy them at the market price. But what if there are no ETF shares available in the secondary market?
Read 14 tweets
Ξ huf Profile picture
Jun 26, 2023
These are the key dates and timeline for the BlackRock Spot Bitcoin ETF

This is how I'm positioning over the coming weeks...
Recap: Grayscale sued the SEC last yr for not letting them convert GBTC to a spot ETF

The court decision is due out any time in the next few wks/months (the clock is ticking) and paves the way for a potential spot ETF *if* successful

BlackRock filing now is NOT a coincidence.
Let's talk dates and trading.

June 26-30: $BTC market has quite a lot of option OI expiring this Friday.

View: Chop, with looming Binance headline risk.

Positions: flat w/ stink bids between $28.4 - $29.2k due to long liquidations and/or ARK/21shares ETF rejection.
Read 6 tweets
Ξ huf Profile picture
Jun 25, 2023
People don't really understand what Blackrock is, or what they do.

So let's go inside...
But first a little about their founder and CEO Larry Fink, since it will be important later
Larry joined Wall St in 1976. He was smart and made money. He pioneered the idea of debt securitization (packaging up different loans as bonds). He then ran the trading desk for those Mortgage Backed Securities (MBS). Yes, those bonds that led to the 2008 GFC 🤯

*smiles*
Read 26 tweets
Ξ huf Profile picture
Mar 12, 2023
Bull and Bear Scenarios (in fictional quotes):

🐂

"SVB depositors will be made whole" - FDIC/Treasury

"We have received the full $3.3bn" - Circle

"Due to recent events in the banking sector, we felt it was prudent to postpone this month's planned rate hike to April" - Fed
🐻

"50% 'advanced dividend' for uninsured depositors, rest later" - FDIC

"People were trading USDC in anticipation of profits, and thus it's a security" - Gary Gensler

"They are bailing out Big Tech and Silicon Valley with your money!" - Donald Trump

"Long" - Jim Cramer
There's also "SVB has been acquired by XYZ bank" 🐂

I'm positioning for a squeeze higher. Buying $1500 strike 17 March 2023 expiry calls at 0.02 ETH ($29) per option
Read 5 tweets

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