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TzTok-Chad ⚡ Profile picture
@tztokchad
Jun 4 • 1 tweets • 1 min read • Read on X
Just 5 people made more than 50k?

LOL Image

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More from @tztokchad

TzTok-Chad ⚡ Profile picture
Jan 17, 2023
Option scalping alongside option perps will be a unique product for LPs and users alike.

Scalpers get access to 1 $eth worth of exposure (long or short) for ~<$10 for a short period of time (<1hr - 5m, 15m, 30m etc.)

LPs get to earn premium and funding with no risk of downside Image
How does it work?

Similar to atlantic straddles - where an option is purchased and it's collateral is borrowed.

However, here the entire collateral is swapped to the other asset in the pair.

The buyer also posts an amount of margin to "fix" their liquidation price.
LPs don't lose anything here since the pnl is paid by the change in price from the swapped asset. if things go the wrong way, margin is used to cover shortfalls until liquidation.
Read 5 tweets
TzTok-Chad ⚡ Profile picture
Sep 17, 2022
free alpha for mev/arb searchers/quants etc. who are okay with kyc:

- write atlantic straddles
- since you need only 1 way hedging, buy otm puts at your downside breakeven on deribit
- we will provide option liquidity pools for hedging soon so it could be done all onchain
- for now, write a script that purchases deribit puts using ccxt and expiries coinciding with straddles expiries with puts slightly gte downside breakeven
- if naked writing apy is 450% on eth, assuming 50% of epochs expire below downside breakeven...
and accounting for hedging costs, you're probably going to still get about 100%+~ apy on your usdc
Read 4 tweets
TzTok-Chad ⚡ Profile picture
Aug 13, 2022
Atlantic straddle writers from the 1st epoch wrote at an average price of around $1680 $eth.

At expiry, price was $1994. Buyers made a pretty great profit.

But how hard did writers get rugged? They didnt get rugged at all, they lost 0 from settlement and only earned a premium
This is pretty cool and different from writing conventional straddles.

The only downside for straddle writers is if prices go down at settlement.

But its a pretty easy hedge by purchasing slight otm puts at the same expiry but a cost < premium.
This is probably going to be a popular way for parked stables to earn a pretty high yield compared to anything else available in defi today, I mean what are the alternatives?

If you're fully hedged for the downside and say 50% of epochs end with no loss for writers...
Read 5 tweets
TzTok-Chad ⚡ Profile picture
Jul 2, 2022
@consadoeth > no central control and monetary policy being decided on a whim
> legit applications like lending/borrowing which worked very well regardless of the cefi shenanigans
> no paper work/kyc transactions
> easy store of value anywhere
@consadoeth > try moving around significant value with banks and notice the amount of questions you get
> not at the mercy of govts / central banks freezing accounts
> risk engines in crypto are a 100x improvement over tardfi where they can cease trading and erase tons
@consadoeth txns*
Read 6 tweets
TzTok-Chad ⚡ Profile picture
May 19, 2022
> be a cockroach in the ecosystem and continually contribute - when things turn, you benefit.
> think of it as writing calls on future prices with your time
> dont believe over the top bears with irrational price targets continually doomposting to reflexively fuel pa into their shorts
> focus on health and wellbeing more since you dont need to spend 12h a day watching charts
> at the end of this period when things bounce back if all you did was stare at charts, that's pretty much 0 learning and 0 contribution to the ecosystem
> dca into projects that you believe in with solid long term goals and team that keeps delivering
Read 6 tweets
TzTok-Chad ⚡ Profile picture
Apr 5, 2022
Say you're farming with $1m on curve in a fairly stable pool @ 10% apy. Your weekly return amounts to $1923 (1m * 0.1 / 52)

You can use $10k from the $1m (10% of annualized return) to write $1m worth of ATM calls or puts (or both) at 100x leverage for your pool.
This earns an additional $120 - $250 (if both) a week (+0.6 - 1.3% APY)

If you're selling calls and pool apy goes to say 15% over the week based on change in gauge rewards, you collect $120 from call premium + an additional 5% on APY ($961) from your $1m deposit
However the call settlement comes to $960 cancelling out the APY earned. This effectively fixes your annualized rates at 10.6 - 11.3% assuming the pool earns a constant 10% over the year.
Read 7 tweets

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