unstable.hl

Retarded gambler | Defi enyojor

[unstable.hl @0xunstablepeg]

🚨 Week 1: Update of my first week farming Lighter RH x RiseX

So last week I decided to stop farming Perpl basically because I consider there is a reasonable probability they can shut down before TGE.

My focus have shifted to Lighter RH for 2 big reasons:

1. Very strong partnerships and ecosystem being build around LIT
2. The campaign will end likely in less than 6 months

So let's start, I decided to fund my RiseX wallet and Lighter RH mobile wallet with $3k each, did around 300k volume and $15 profit. These were my results:

- 9 Lighter points ( 11$ per point)
-26 RiseX points (3$ per point)
- $15 of funding/dividends

All this came at 0 cost which is amazing. These was my strategy:

- OI > Volume to not loose many funds to spreads, this might be unoptimal for getting points but is the best strategy to not loose funds while farming.
- I personally use Perpdexlist and filter the 7d/30d funding arb return so see which token can yield me good returns for at least 2-3 days. For example this past week Week 1: farming Lighter RH x RiseX

Last week I decided to stop farming Perpl, basically because I think there's a reasonable probability they shut down before TGE.

My focus has shifted to Lighter RH for 2 big reasons:

Very strong partnerships and ecosystem being built around LIT
The campaign will likely end in less than 6 months

So let's start. I funded my RiseX wallet and Lighter RH mobile wallet with $3k each, did around 300k volume and made $15 profit. These were my results:

9 Lighter points ($11 per point)
26 RiseX points ($3 per point)
$15 in funding/dividends

All of this at 0 cost, which is amazing. This was my strategy:

- OI > volume, so I don't lose too much to spreads. Might be suboptimal for points, but it's the best way to farm without bleeding funds.
- I use Perpdexlist and filter by 7d/30d funding arb return to see which tokens can yield decent returns for at least 2-3 days. This past week $VVV was great — it more than covered the spread cost and left me in profit.
- Long on RiseX pays you dividends, while shorting on Lighter RH doesn't make you pay them. Take advantage of this, especially with indices like SPY and QQQ, which are far less volatile so you can leverage up more. was great, it covered way more of the spread cost and profited me.
- Long on RiseX will pay you dividends while shorting on Lighter RH will not make you pay dividends. Take advantage of this, specially with indexes like SPY and QQQ which are way less volatile and you can leverage way more

[unstable.hl @0xunstablepeg]

Exiting the trade, got some profit with the spread, funding will continue to go up and erase the profit

Market has already catched up

[unstable.hl @0xunstablepeg]

People waking up to the dividend arbitrage

[unstable.hl @0xunstablepeg]

People waking up to the dividend arbitrage

[unstable.hl @0xunstablepeg]

Use my ref link if you want to support: https://t.co/cui16s2D3H

[unstable.hl @0xunstablepeg]

In a few hours @risextrade will pay dividends to those who are long QQQ (short pays long)

Long on RiseX, short on any other perp DEX that doesn't pay dividends

Start farming RiseX today, don't be lazy

[unstable.hl @0xunstablepeg]

@hol_0x_ No one is buying 100k of pacifica points, like there is literally 0 chance.

They probably lied to you

[unstable.hl @0xunstablepeg]

@Kawaka_aa @DidiTrading Great point tbh, will do some DD to see what the real profit actually is

[unstable.hl @0xunstablepeg]

@trippan0 @variational_io @risextrade @extendedapp @Lighter_xyz Isn't the QQQ dividend on Sep 21? Or is the next one in October?

[unstable.hl @0xunstablepeg]

How long until farmers arbitrage this? Max long on a perp DEX that pays dividends, short on one that doesn't

[RISEx @ TOKEN2049 🇸🇬 @risextrade]

Happy Friday!

We just shipped our first dividend payment on $SPY

Your stock perp position really paid out.

Longs receive it; shorts pay, sized to your position

Check your funding tab

[unstable.hl @0xunstablepeg]

@Absoluto92 @variational_io Which app is the one in the image sir?

[unstable.hl @0xunstablepeg]

@MundoCrypto400 Bruh

[unstable.hl @0xunstablepeg]

@Absoluto92 @risextrade RiseX and LighterRH and some swap volume in Var

[unstable.hl @0xunstablepeg]

@givenoxbt $862 volume? Or $862k ?

[unstable.hl @0xunstablepeg]

@KumaCapxbt This has been true for like a year and still hype has 2x

[unstable.hl @0xunstablepeg]

@FabianoSolana @PhoenixTrade This trades are probably hedged in another platform

Cmon man you can do it better

[unstable.hl @0xunstablepeg]

Some changes I have made to my perp dex farming strat:

- Stopped farming Perpl. Although the prize pool of $1m is kinda good, I think there is a high probability Perpl shuts down before it TGEs

- Added RH LIT campaign to farm next to RiseX

- Im testing the RH wallet to see if it is worth the x2 points

Will share the results next Friday

[unstable.hl @0xunstablepeg]

@HYPEconomist Heard of kPURR?

[unstable.hl @0xunstablepeg]

@corgil @NetNetCap @trondao That revenue comes from selling $NET at a discount?