๐ค Curious about how this crypto whale is making a fortune through ETH/stETH arbitrage? Let's unveil their brilliant strategy and discover the money-making potential! ๐ก๐ฐ
๐ How to Arbitrage with ETH/stETH? ๐
1๏ธโฃ Exchange 1 ETH for 1.0038 stETH on #DEX.
2๏ธโฃ Redeem 1 $ETH with 1 stETH at a 1:1 ratio on Lido.
3๏ธโฃ Profit! Earn 0.0038 ETH ($0.6) per arbitrage.
๐จ Disclaimer: Due to gas fees, this strategy may not be suitable for small funds. ๐จ
But for the whales out there, it's definitely worth considering! ๐ณ๐ฐ
๐ฐ So, how much is this whale making? ๐ฐ
In the screenshot below, you'll see the whale in action. They swapped 1,370 ETH for 1,370.3351 stETH on 1inch and redeemed it at the same rate on Lido.
With a gas fee of 0.0061 ETH, they pocketed a cool 0.329 ETH ($540)!
๐ธ $540 might seem like a drop in the ocean for a whale, but let's do the math. If they repeat this 1,370 ETH arbitrage daily, they'll bank 118 ETH ($194K) in a year, with an impressive APY of 8.6%!
๐ And if ETH/stETH ever depegs, the potential profits could be even more substantial. In May 2022, when ETH/stETH depegged to 0.94, our whale could arbitrage 87 ETH at a time. ๐๐ฐ
Keep in mind that #cryptocurrency investments carry risks, and results may vary. Always make informed decisions! ๐๐ #CryptoWhale #ArbitrageMasters
๐ Please FOLLOW & LIKE ๐ It's Motivates me a LOT โค๏ธ
๐ How to Arbitrage with ETH/stETH? ๐
1๏ธโฃ Exchange 1 ETH for 1.0038 stETH on #DEX.
2๏ธโฃ Redeem 1 $ETH with 1 stETH at a 1:1 ratio on Lido.
3๏ธโฃ Profit! Earn 0.0038 ETH ($0.6) per arbitrage.
๐จ Disclaimer: Due to gas fees, this strategy may not be suitable for small funds. ๐จ
But for the whales out there, it's definitely worth considering! ๐ณ๐ฐ
๐ฐ So, how much is this whale making? ๐ฐ
In the screenshot below, you'll see the whale in action. They swapped 1,370 ETH for 1,370.3351 stETH on 1inch and redeemed it at the same rate on Lido.
With a gas fee of 0.0061 ETH, they pocketed a cool 0.329 ETH ($540)!
๐ธ $540 might seem like a drop in the ocean for a whale, but let's do the math. If they repeat this 1,370 ETH arbitrage daily, they'll bank 118 ETH ($194K) in a year, with an impressive APY of 8.6%!
๐ And if ETH/stETH ever depegs, the potential profits could be even more substantial. In May 2022, when ETH/stETH depegged to 0.94, our whale could arbitrage 87 ETH at a time. ๐๐ฐ
Keep in mind that #cryptocurrency investments carry risks, and results may vary. Always make informed decisions! ๐๐ #CryptoWhale #ArbitrageMasters
๐ Please FOLLOW & LIKE ๐ It's Motivates me a LOT โค๏ธ
