Crypto market bleeding continues, officially entering a bear market
@Michael_Liu93, Chief Michael’s options bottom-fishing strategy article today has benefited me a lot as an options newbie. I’ll also share a pure crypto-native bottom-fishing strategy:
On @AerodromeFi, set up an LP for cbbtc-usdc, choosing a range of 50,000–75,000 (the range can be chosen freely)
The protocol’s incentives (aero) currently can reach an APR of 100% (the incentives change weekly and it’s not guaranteed for a long time). At the same time, open a certain number of $aero short positions on @binancezh, periodically “harvest” (aero) and sell
If, in the end, $btc reaches 50,000, you can use the harvested U to set up the LP again or bottom-fish $btc
@Michael_Liu93, Chief Michael’s options bottom-fishing strategy article today has benefited me a lot as an options newbie. I’ll also share a pure crypto-native bottom-fishing strategy:
On @AerodromeFi, set up an LP for cbbtc-usdc, choosing a range of 50,000–75,000 (the range can be chosen freely)
The protocol’s incentives (aero) currently can reach an APR of 100% (the incentives change weekly and it’s not guaranteed for a long time). At the same time, open a certain number of $aero short positions on @binancezh, periodically “harvest” (aero) and sell
If, in the end, $btc reaches 50,000, you can use the harvested U to set up the LP again or bottom-fish $btc