How we doing on WTI/XAU pair since last post?
- spread compressed driven mainly by WTI underperformance (XAU remained pretty much in range)
- the trade would have performed by 17% approx (switched into a ratio chart to show this in an easier way)
- one thing to note is a switch in correlation regime for SOL (and I'd say crypto assets in general) . These are no longer inversely correlated to WTI (when WTI fell, SOL rose and viceversa).
Is that a symptom of too much long positioning suffering and getting exhausted, slowly liquidated? My guess is it might be the case..
Since the beginning of March Silver (XAG) and oil (CL or WTI) have shown inverse correlation.
When market is bullish:
Silver raises ++
Oil falls - -
SOL raises ++
When market is bearish (now) just the opposite.
This has shown to be quite mean reverting.
Red line in the chart is the spread (Oil - Silver or WTI - XAG), I show it together with SOL, to show the inverse correlation.
So, if you believe this might be a good entry on this spread (bullish view) you can do so at @AdrenaProtocol , we have all the assets you need and the leverage for you to play it without committing too much capital.
By the way, we have a Trading competition on
π https://t.co/eoTdQO90NQ π
this could just make you score on Trading Quests π§
Shall I say NFA, ok NFA it is.
#AdrenaProtocol #GoldPerp #SilverPerp #RWA #WTI #CommoditiesTrading #PerpetualTrading #RealWorldAssets #SolanaTrading #LeverageTrading #TokenizedGold #SolanaPerps
Security Update π
Adrenaβs latest upgrade has been audited by @Fidesiumapp.
Security remains a core priority as we continue to scale and improve the protocol.
Appreciate the Fidesium team for the collaboration and detailed review. π€
Full audit report available in our Discord π
US Equities are now live on Adrena βοΈ
You can now trade:
β’ SPX500
β’ NVDA
Alongside Gold, Silver, and Oil on the commodities pool π
βͺοΈ Long or short
βͺοΈ Up to 25x leverage
βͺοΈ Up to $250K position size
βͺοΈ USDC collateral
Trade now on https://t.co/P6bS4Uq6NH
Venum x @AdrenaProtocol (Solana PERP DEX).
Adrena now protects & enhances their RPC with Venum's Global Secure Web RPC Gateway & Edge Caching.
Venum RPC is also used as a fallback alongside Helius.
Great to be working together π€
More to come soon
Commodity traders, this oneβs for you βοΈ
Major updates are now live on Adrenaβs commodities pool:
β’ XAU, XAG & WTI now support up to 25x leverage on https://t.co/WtDYBRVanX
β’ Close + liquidation fees reduced to just 10bps
High leverage.
Low fees.
Single-tx execution.
Commodity @perps on @solana π
And weβre still shipping more heat.
You've been practicing on other platforms.
Time to compete.
The Forge is live.
Real prizes.
Real leaderboards.
Real traders only.
Find out what you're made of.
Day 5 of The Forge βοΈ
$15,000 is on the line and 21 traders are already battling across:
β’ All Round
β’ Bottom Fisher
β’ Top-Tick Traveler
β’ Risk Manager
β’ Humble One
β’ Leverage Master
Think you can climb higher?
Join now β https://t.co/8k5WvaNMhK π
Current leaderboard leader, The Constant Clicker:
β’ 71.1 final score
β’ 100% profitable days
β’ 0 liquidations
β’ $26.4K volume across 6 trades
β’ Leading Bottom Fisher + Top-Tick Traveler
I guess it s a combination of the 2, DEX volume has in it also purchases from ORE protocol itself most likely (data would probably need to be cleaned by that to capture the effective volume happening on ORE; if I don t say silly things ofc π ) but as an LP a growing volume is definitely interesting for your strategy π€
@zinnresearch Not sure I can ask for more than this tbh Zinn. Update on Yields offered by stORE and uORE is always great to see. Liquidity pools /depth is also nice to have a view on , as well as this potential integrations with perp trading land π
So proud of delivering this update.
No slippage, lowest fees, trading competition.
We are here to stay, we are here to cook and grow.
LFG @AdrenaProtocol ! β€οΈβπ₯
New updates are now live on Adrena βοΈ
β’ BTC & SOL close fees reduced to 10bps
β’ VFR reduced to a max 32% APR
β’ Updated docs are now live: https://t.co/ONmslyC0Au
Combined with zero open fees and no-slippage trading, Adrena continues to offer one of the most competitive trading experiences on @solana π