Just opened naked Shorting $RIVER position.
reason :
- project's whitepaper is real "white paper". this reflect to how care of the quality detail.
- token work for it's own ecosystem (yield as their own stablecoin), speculate the wind-down situation.
- risk of depeg stablecoin (collateral is major crypto like BTC , ETH , BNB which is pretty volatile)
- their newly minted stablecoin still unknown to mass community.
I will accumulate more short position if it goes higher , total bet is $1000. The project is good , so use the project , benefit from it, but not to invest in governance token, i have many lesson in the past.
reason :
- project's whitepaper is real "white paper". this reflect to how care of the quality detail.
- token work for it's own ecosystem (yield as their own stablecoin), speculate the wind-down situation.
- risk of depeg stablecoin (collateral is major crypto like BTC , ETH , BNB which is pretty volatile)
- their newly minted stablecoin still unknown to mass community.
I will accumulate more short position if it goes higher , total bet is $1000. The project is good , so use the project , benefit from it, but not to invest in governance token, i have many lesson in the past.
