At the current funding rate, you can earn ~170% annualized yield on @dydxprotocol via a "cash and carry" trade on the ETH-USD perpetual.
Risk-free. Delta Neutral. No impermanent loss.
This may be the best yield farming opportunity in all of DeFi.
Here's how 👇
From a high level, you are depositing ETH onto dYdX and immediately going 1x short that ETH. This gives you 0 price exposure to ETH, meaning you can't get liquidated.
Although the position is delta neutral, you receive the funding rate reward, if it's positive.
Jul 3, 2019 • 10 tweets • 2 min read
1/ Many smart contract platforms (both liquid and illiquid) other than Ethereum are incredibly overvalued and are holding the industry back. Investors are mostly to blame for this.
2/ Most investors accept that ETH valuation only makes sense currently if viewed as a programmable store of value. The road to become such is long and hard.
Dec 11, 2018 • 6 tweets • 1 min read
1/ Instead of discussing a BTC mining death spiral, perhaps we should be talking about EOS Block Producers turning off their operations. Although the narrative is that EOS BPs are financially well-off, many are currently underwater...
2/ In this survey filled out by block producers, the break-even cost for them was ~$4 per EOS. EOS is currently trading at $1.80. medium.com/@altShiftDev/s…
Jun 27, 2018 • 6 tweets • 2 min read
1/ For some reason no one seems to be talking about the @AugurProject launch on July 9.
If it successfully launches, it will be the most complicated dApp to ever launch on Ethereum (kudos to @joeykrug and the team).
2/ A few reasons why it’s complicated: 1. Decentralized oracle with multiple rounds of dispute resolution 2. On-chain order creation, matching, and redemptions 3. Staking 4. Forking is natively built into the protocol in cases of large-enough disputes
