Awesome thread with important tools for daily use in DeFi. When you have the right tools you can put yourself ahead of trends by analyzing the right metrics and forming your own opinion on what’s going on. DYOR!
Why wouldn't you love Cairo?
Abstracting away all the mathematical complexities of the cryptography behind ZKs, to give you a high-level language with which you could write provable programs in a breeze? That's something to love..
6 / Obviously this would mitigate your profits if $ETH went up aswell.
Profits if $ETH went up: (x * 10) - U$163,55.
(X being the difference between the buying entrance spot and #liquidation spot)
Would you rather have the chance of loosing U$800 or #profit U$163,55 less?
1 / Do you know what to do against #downtrends on the #cryptomarket ? Let’s talk about short selling crypto as a Hedge against Downtrends.
A thread 🧵 →
5 / You #short 10 $ETH on @lyrafinance at U$1,580 striking your position at U$1,500 paying U$15.27 per option.
Profits: (U$80 * 10) - U$163,55. = U$636,45
That would mitigate your loss from U$800 if the same thing happened to $ETH to U$163,55.