@adamscochran A month or two ago X was flooded with ads from the left-wing parties, primarily with blatant clickbait misinformation about the conservative candidate - though imo any type of political ads should be blocked, just pointing out it doesn’t seem partisan but rather a big oversight
@guil_lambert I love the SPY analogy but I would’ve drawn an opposite conclusion - it’s the SPY investors that are too clueless about the IL they incur and they should pay more attention to the idea of “excess risk-adjusted returns”. Also Tax Man taxing people earning below RFR should be crime
It’s an *option* on BTC with 5 year expiry and 500k strike. The premium is the lost interest due to lending at 0%.
I’m too lazy to do the math on whether it’s a good deal or not, but the headlines misinterpret this deal a lot. It’s a pretty cool trade you can’t make elsewhere.
@derivexyz vaults just executed 4315 x $2600 weekly covered calls at average prices ranging between $9.6 and $9.9 (Deribit best bid $9.4 for reference) 🔥
Huge week for LRT yield farmers 🧑🌾
@merklepatricia_ @lyrafinance A call spread is like a cheaper way of making an “ETH goes up” bet (cheaper than just a long call). In this case it’s so cheap it’s free.
Wanna make a risk-free bet that ETH recovers and hits $4150 in a week?
It does? You make $50. It doesn't? Nw @lyrafinance got it covered.
Look at this spready boi - buy 4100 Call and sell 4150 Call. ZERO margin required. LYRA rewards 100% cover your costs. Free real estate.
@lyrafinance Got another one for you: ETH between $3850 and $3950 - win up to $50 (max at $3900).
Rewards are literally greater than the cost. ZERO margin required. The only way you lose is by not taking the bet.