Thread by @Govanisher

Thread on how will i play the shanghai update😎

1. My hypothesis
a) Massive inflow of ETH after shanghai
b) Depeg of stETH

2. Things i need
a ) LSD protocols tokens
b) Project that let me bet on stETH deepeging

1/3

3. Solutions
a) Buying LSD tokens :
- @BifrostFinance
- #Y2K
- $RPL
- $LDO

b) Using the hedge stETH vault at @y2kfinance
How to do that?

When you visit y2k.finance you have an MINT option in top left corner.
It takes you to a screen and you have 2 options.
RISK OR HEDGE
RISK means you open a position on a chosen asset to not depeg. If it doesnt depeg in certain time you win.

If you choose HEDGE vault. You bet that a chosen asset will depeg in certain time. If depeg happens you profit.

I will choose a HEDGE vault and open a position on stETH to depeg from ETH at shanghai.

Why i think ETH will depeg at shanghai?

Because a locked token can never be the same value as not locked token. Nobody buys a locked token instead of unlocked one. (you get same apy on defi apps as locking it forever)
That means that after shanghai all we can expect on stETH is sell pressure = depeg.

THIS TWEET IS NOT FINANCIAL ADVICE . Please do your own research.