Thread by @mrwsnx_eth

Are you afraid of a bear market? I do. So how to protect my #Ethereum profits without selling the asset? Using @lyrafinance . It's not financial advice, it's just how I do it. Let's go! 👇🧵 #lyra #options #OptionsTrading

Meanwhile, in this 3d I am referring only to the situation in which we have the #asset that will concern the option in the wallet.
Let's get down to business.
👉We own 1 #ETH purchased at an average load price of $1400

After the current pump we are obviously in profit and we are fond of our asset, so we are at a crossroads:
👉either I separate from the asset by making take profit, or I find a way to protect myself.

Here come the buy puts to our aid! Let's go into detail:
So let's go to the trade section and select buy put:
but which one to choose? I like to choose the one that offers my average loading price as a breakeven point.
I choose the 14/21 day deadline as the deadline.

Here is which one to choose in the situation described above:

So what do we get from this operation? Here it is explained in a graph that can be frightening but once understood it is almost obvious.

We have our asset which, if it continues to rise, will bring us profit. If it falls below our average load price, it will be our option that will bring us profit, right?

That's not the only gain that using lyra for options can bring us. @lyrafinance also offers the return of fees based on how many $lyra tokens we have in staking, vault with apr coupons and vault LP with a great yield!

https://twitter.com/mrwsnx_eth/status/1624140381448175616?s=20&t=MSOmTLTsZH8ThJD_vu_vAg

This is about my way of protecting myself by holding the assets! If you liked the 3d, leave a nice little heart and share! Thank you!