Smilee โŒฃ Profile picture
Feb 23 โ€ข 8 tweets โ€ข 3 min read
After analyzing the data from yesterday's Proof of Pasta ๐Ÿ in the discord, we've never seen such volatility in our lives

Pasta #DVPs thoon

But there's A LOT to consider when choosing how to gain exposure to pasta ๐Ÿงต๐Ÿ‘‡ Image
1/ This Pesto Genovese is as bluechip as it gets ๐ŸคŒ

The obvious strategy is the Real Yield vault to collect fixed-rate $USDC yields on this stable-pasta

- Long Delta
- Short Gamma Image
2/ ODDIO ๐Ÿคฎ

Bet the house with max leverage Impermanent Gain + a trash can

- Long (af) Gamma
- Delta Neutral

*this user was banned* Image
3/ Protec your bags with Lasagna accumulating Real Yield

You can never go wrong gaining exposure to the Lasagna narrative

- Long Delta
- Short Gamma Image
4/ spaghetti, barbine, fedelini, capellini, bucatini, lasagna, maccheroni alla molinara, pici, spaghettini, tagliatelle, vermicelli, cavatelli, fusilli, gnocchi, ferrazzuoli, pillus, linguine, fettucine, rotelle, sagnette, corzetti, ditali, fideos, conchiglie Image
5/ You've straight up lost the plot and your bags deserve to nuke to 0 if you think about entering the Real Yield vault for this complete larp of a "pasta" ๐Ÿคก

Max bid IG vault

- Long Gamma
- Delta Neutral Image
6/ This paired trade sets up perfectly in the Real Yield vault ๐Ÿฅ‚

- Long Delta
- Short Gamma Image
7/ Aight by now you better know what to do here... but before stating the obvious, I think it's time we declare mental illness a pandemic on CT ๐Ÿ˜ฌ

- Def Long Gamma for this plain over-cooked pasta in a mug
- Thank god it's Delta Neutral ๐Ÿ“‰ Image

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More from @SmileeFinance

Feb 20
$GRAIL went on a speed run up 289% after its recent release by @CamelotDEX

But what does that mean for LPs?
IL: -47.27%

But what if you were hedged with Impermanent Gain?
IG: +๐ŸŸฆ,๐ŸŸฆ๐ŸŸฆ๐ŸŸฆ%

๐Ÿงต๐Ÿ‘‡ Image
2/ This model will serve as a tangible feel for what our Real Yield & Impermanent Gain vaults will deliver based on real-world conditions
3/ First, lets establish the conditions for this model

- Pair: $GRAIL / $USDC
- $GRAIL PA: +289%
- Smilee Real Yield vault value: $1m
- Smilee Real Yield APY: 30%
- Smilee Impermanent Gain vault capacity: $5,769
- Leverage: 173x
Read 9 tweets

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