π¨π¨
OY! You LEVERAGE LOVIN' POLKADOTTIRS!
π¨π¨
@Levana_protocol has opened up their single-sided $DOT LPs (currently at 19% APR) and their LONG and SHORT $DOT perpetuals!
You must π¨π¨π¨ FIRST CONVERT $axlDOT to $DOT (composable) with not insignificant slippage on @osmosiszone
After that, you will probably need to supply some liquidity to the $DOT-pool before you open leveraged positions, because @Levana_protocol is fully self-funded.
At 19% APR on the $DOT LP, I'm not complainin' about this 'parking lot' of liquidity, ya hear? π
After liquidity is available on the protocol, you can take long and short positions. I go π― bat crazy degen by taking a 10x LONG and a 10x SHORT position against $DOT. When one pops, I'll close it for profit, and I hope I degen my way to 50M $DOT on @Levana_protocol.
HIGH RISK!
The remaining $DOT ('composable') I supply to the $DOT LP on @Levana_protocol at 19% APR.
I'll BUIDL this $DOT bag with profits from the 10x perpetuals, and, hey, if the perpetuals liquidate, it's 100% my loss, but I finally get to do something with this liquidity, see?
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