Following the gang rape of a young woman outside a church in Epsom at the weekend, days of silence from police and politicians has been deafening.
Patriots hit the town tonight demanding answers.
And this is how the police came out to them!
Given Bitcoin’s weekly RSI hit COVID levels and close to previous cycle bottom levels I’m fairly confident a bounce is on the way.
Also a potential bullish divergence on the weekly timeframe.
Whether you are a bull or bear I’m fairly confident a sizeable bounce is on the way 🫡
💧Scallop Integration - DeepBook Margin
DeepBook Margin Pools by @DeepBookonSui are now LIVE on Scallop!
Scallopers can now earn more stable yield from DeepBook Margin Pool's borrow fees and liquidation fees, starting with SUI, USDC, WAL, DEEP assets!
Note: DeepBook Margin Market is separate from Scallop Markets. All liquidations and risks are isolated from Scallop Markets.
Discover Yield Opportunities with DeepBook Margin Today: https://t.co/x9anTM6Rm4
🚨BREAKING: JD Vance:
"They think we hate Europe, we don't. We love Europe. We want Europe to control its borders because we love European civilisation and want it to preserve itself."
The silent majority in Europe agree.
📘 Deepbook Margin & Points System
Deepbook Margin went live last day as per official announcement. What does this brings for users & how can one interact with it to accumulate points? Let's discuss
▫️ Deepbook Margin
In simplest terms, margin is the collateral which one deposit to borrow more funds, allowing them to open larger, leveraged positions (Upto 5x) to amplify potential profits, but also at risk of losses.
Deepbook margin enables you to use Deep, Wal, Sui, Usdc assets as collateral rather than just Usdc (As in perps) which makes it easier to get exposure in multiple assets with versatile holding.
▫️ Deepbook Points System
Users can interact with dApps which integrated Deepbook margin & get points in return. Before digging deep into strategy, make sure you know what things are considered for points
▪️ Opening & Closing Trades
▪️ Volume, more the better
▪️ Time of holding
▪️ Risk Factor (More risk = More points)
▪️ Both profitable & negative trades give points
⚙️ Now let's discuss strategy (Delta Nuetral)
▫️ Go to @CetusProtocol (May use other dApps also Turbos, Deeptrade etc)
▫️ Set Leverage on Sui/Usdc pair (may try other pairs too), I will prefer no more than 1.5x
▫️ Buy some Sui from Usdc at your wallet & deposit those Sui into Margin account
▫️ Short Sui at 1x Leverage
▫️ Relax & Chill
❔ Now question is what if I price of Sui moves & I get liquidated?
Answer is you wont get liquidated ever, and you will always end up with same capital, here is how
▫️ If the price of Sui goes down: Your short position makes a profit in USD, but the value of your collateral drops in USD. They cancel each other out.
▫️ If the price of Sui goes up: Your short position loses money in USD, but the value of your collateral increases in USD.
This way you can farm points with ease of mind with No loss. If you have Sui as initial capital, you may sell those Sui at Spot & then long via margin at 1x to enjoy same perks. 😉
Will be adding more details & exploring each dApp on @DeepBookonSui in coming days, do share & like this post if you found it helpful.
Margin Season kicked off as we celebrate the launch of @DeepBookonSui Margin!
Trade $SUI, $DEEP, and $WAL with leverage or deposit into Margin pools to earn on @CetusProtocol, the go to frontend for Deepbook since the good old days. 🐳✨
Wdyt we mean by ep1….? 🤭
Ngl, @DeepBookonSui is one of my favorite @SuiNetwork protocols.
I've been watching them since inception and I really love their consistency & progress.
New update: Onchain, fully composable margin trading on Sui.
This might seem a general thing, but in fact that's a HUGE update.
Look:
• DeepBook = Sui’s network-level liquidity layer
• Margin enabled = a big unlock for trading apps on Sui
Like in the case of @PebbleProtocol, this upgrade brings minimal slippage + fair funding rates + leveraged trading + real execution powered by shared network liquidity.
All non-custodial, fully on-chain, with no off-chain elements.
That's big.
Bullish on Deepbook.