The time has come...
gTrade is now LIVE on Arbitrum! 🎉
Go check out the stellar UX and lightning-fast execution. 🔥
And if you want to start earning fees as a counterparty to Arbitrum traders, deposit $DAI into the $gDAI Vault!
Happy trading and Happy New Year! 🍏
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Thanks for starting this very interesting discussion!
We are going to address every single point raised in this short clip.
While we mainly refer to gTrade, most points also apply to $GMX and other oracle-based leverage trading platforms.
Clarification: It's been 3 days and most of the loss were the fees they have to pay. The cost of minting GLP directly is only 0.25%.again, overing borrowed assets's minting/redeeming + uniswap slippage is not too efficient. Detailed math analysis at >50 likes for the quoted tweet
Sometimes the math does not make sense. You need math + psychology + game theory to make good short term profits.
Follow me for more defi math content!
Please drop a like, retweet, and follow if enjoyed reading this thread. I'll drop a detailed analysis with mathematical calculations on @rage_trade 's strategy if this tweet gets > 50 likes.
That being said, today's drawdown might just be a "rainy day" and that over long term, the vaults should outperform eventually assuming Rage's backtesting data correctly predicts the vaults performance.
@undisclosed0x @UmamiFinance@GMDprotocol@UmamiFinance only distributed 6 $ETH per week to stakers. Meanwhile 9 $ETH was distributed to $GMD stakers last week. All-time distribution for @UmamiFinance is only 300 $ETH despite being here for so long. 34 $ETH has been collected so far for $GMD. Make your choice.
@Dariusz86188600 @RCCryptoPriest you guys called us at @BasedFinance_io ruggers 5 days ago. I said I'd welcome you back when we reach millions of liquidity. Do you want to take back what you said?