Today's #Frenchchart is a preview of an arb opportunity allowed by Aave V3 emode.
To allow it :
V3 deployed ✅
rETH snapshot vote starts tmr 🔃
cbETH AIP this week 🔃
wETH interest rate new parameters vote start tmr 🔃
Read the next tweet for how it works & risks!
This strategy use leverage to benefit on peg deviation of two Liquid staking derivative cbETH (coinbase) (underpeg of ~2%) and rETH (rocketPool) (overpeg of 1%)
It leverages emode to increase position size and eat that derivation theoretically up to x10 (don't do max leverage)
The whole bet is when the shanghai upgrade is activated, LSDs will be arb back to peg.
This is what happened with others networks allowing unstaking such as Matic.
But nothing is guaranteed, and even if that works, it might take longer than you're comfortable holding.
Also, the bet can be correct, but you can STILL be rekt if, for some reason, prior to the upgrade, the LSD you use as collateral depeg violently.
Something bad can also happen with the upgrade, and you're REKT. Nothing out there is risk-free, exercise caution and DYOR folks.
Recap:
This is a short rETH/long cbETH strat that uses Aave V3 emode to up to x10 arb the current peg derivation
leading to potential ~25-30% ETH profit (most likely less than that. Don't leverage to max anon) until shanghai upgrade.
DYOR, beware of risks, and have fun!
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probably not very wise for me to share, but as renBTC is sunsetting and TC is "ded"
here's a #frenchchart of one of the last available ways to get some privacy on-chain
reminder there are two levels of privacy:
"public" privacy -> just deposit to CeFi withdraw to new address, state, law and CeFi will know but not anon0x12456, don't think there's a legal issue here
general privacy -> use Bitcoin mixers, that goes from grey to straight illegal
I'm not a lawyer, do your own research, and don't be an idiot. If you use a mixer, stay there for a LONG while and exit slowly and in chunks.
privacy is a right I defend.
but the law is the law so make your own decisions.