Earn ~40% APY through funding rate arb on Rage now!
How?
Open two equal and opposite trades with the same leverage on ETH:
1st trade on @GMX_IO v1
- LONG ETH (-15.77% APR, Max Size - $13.7m)
2nd trade on @synthetix
- SHORT ETH (58.4% APR, Max Size - $42.32m)
By paying funding on GMX & earning on Synthetix, you’ll net out ~40% APY in profits while being delta-neutral. DYOR!
You can try this on Rage.
👉https://t.co/A1Py3xhvU8
The Koto system inherently has arbitrage opportunities built within it.
As the protocol matures these opportunities will arise with more frequency. Putting the protocol and users in a position where they these opportunities can be captured!
We are extremely excited to announce the first vault and strategies are live!
We are ready to bring you the best version of @redactedcartel's superior $Eth yield through $pxEth strategies
In preparation for the imminent launch of these vaults, you can acquire pxEth tokens either through deposits here: https://t.co/OmTXwVGw2v.
Or through an aggregator of your choice.
Our initial strategies will revolve around the auto-compounding vault featured within PxEth and providing liquidity to different markets, currently offering the highest attainable yield on staked ether.
Today, we are thrilled to introduce the first (of many) Koto Vault, which is built upon @redactedcartel's PxEth platform. PxEth, their unique iteration of staked ether, empowers participants to access the highest quality in yield opportunities.