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Alright time for some real stuff. This thread describes the strategy I’ve been using for the past couple month.
I call this strategy The Bulltard, aka a bull market strategy that’s so simple, a retard could do it.
Let’s dive in👇
I call this strategy The Bulltard, aka a bull market strategy that’s so simple, a retard could do it.
Let’s dive in👇
https://twitter.com/0xYieldYoda/status/1648322296027955201
1/
The result:
I started this strategy with a position of 1m USDC in end of February. My current position is about 1.7m.
A 70% increase in the span of 2.5 month.
The result:
I started this strategy with a position of 1m USDC in end of February. My current position is about 1.7m.
A 70% increase in the span of 2.5 month.
2/
The Bulltard strategy, given by the name, is a strategy that is only suitable for the bull market. Though it doesn’t need to be a full on supercycle like in 2020. As long as you are bullish on a specific token, you can apply this strategy to it.
The Bulltard strategy, given by the name, is a strategy that is only suitable for the bull market. Though it doesn’t need to be a full on supercycle like in 2020. As long as you are bullish on a specific token, you can apply this strategy to it.
3/
Steps:
1. Pick an asset that you want to long
2. Figure out an approximate price you are willing to buy it at
3. Create single side @Uniswap V3 LP. Use current price as upper bound and pick a lower bound where the mid is approx your buy price from step 2
Steps:
1. Pick an asset that you want to long
2. Figure out an approximate price you are willing to buy it at
3. Create single side @Uniswap V3 LP. Use current price as upper bound and pick a lower bound where the mid is approx your buy price from step 2
4/
Potential outcomes:
Price drops below lower bound:
In this case you convert all stables into the token you WANT to purchase, essentially buying a dip at the price you wanted
Potential outcomes:
Price drops below lower bound:
In this case you convert all stables into the token you WANT to purchase, essentially buying a dip at the price you wanted
5/
Price rises above your upper bound:
Then you need to reevaluate if you want to increase your buy price, or simply adjust your range to be in range again.
Price rises above your upper bound:
Then you need to reevaluate if you want to increase your buy price, or simply adjust your range to be in range again.
6/
Price ranges in your LP range:
This is the ideal outcome. You want this outcome as much as possible as it will keep earning you fees.
Price ranges in your LP range:
This is the ideal outcome. You want this outcome as much as possible as it will keep earning you fees.
7/
Similar to a call option, this strategy helps you buy an asset that you are not sure is gonna dip to a particular price.
Even if the price doesn’t end up going all the way below your lower bound, you’ll at least earned some fees in the process.
Similar to a call option, this strategy helps you buy an asset that you are not sure is gonna dip to a particular price.
Even if the price doesn’t end up going all the way below your lower bound, you’ll at least earned some fees in the process.
8/
Now this is not set and forget strat, remember there’s no such thing as a winning passive strategy. Depending on market changes you will need to adjust your LP position for optimal return.
How you adjust is what separates the pros from amateurs.
Now this is not set and forget strat, remember there’s no such thing as a winning passive strategy. Depending on market changes you will need to adjust your LP position for optimal return.
How you adjust is what separates the pros from amateurs.
9/
The more granular your adjustments are, the more it becomes trading like. Key is finding the balance. Remember, we doing the Bulltard so we DONT have to steer at charts all day.
The more granular your adjustments are, the more it becomes trading like. Key is finding the balance. Remember, we doing the Bulltard so we DONT have to steer at charts all day.
10/
For my LP position, the biggest gains came from 2 positions where the price fell under my range and I bought the dip:
1. $ETH with range of 1500 - 1700
2. $ARB with range of 1.25 - 1.5
I’m still massively long on both.
For my LP position, the biggest gains came from 2 positions where the price fell under my range and I bought the dip:
1. $ETH with range of 1500 - 1700
2. $ARB with range of 1.25 - 1.5
I’m still massively long on both.
11/
You can use tools such as @revertfinance to monitor and adjust your uni v3 positions.
More threads coming on how to adjust based on different market changes.
You can use tools such as @revertfinance to monitor and adjust your uni v3 positions.
More threads coming on how to adjust based on different market changes.
@DegenSpartan
@SmallCapScience
@Darrenlautf
@satsdart
@mrjasonchoi
@iamDCinvestor
@CL207
#yieldFarming
#ethereum
@SmallCapScience
@Darrenlautf
@satsdart
@mrjasonchoi
@iamDCinvestor
@CL207
#yieldFarming
#ethereum
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