How I turned $300 into 35k$ in one week by trading protected Perps on @goodentrylabs using 500x til 1000x leverage while everyone else was liquidated by these rage pumps and dumps.
@DeribitExchange 8) Whales LPs have already made it in life. There is no reason to take excessive option risk on the sell side. They want to be principal protected. On chain LPs look for projects with simple technical risk. No option risk. Tokens main driver for deployment
🔔The Dream Ends🔔
Good Entry Post Mortem
We started out as a self funded project with a thesis to find a way to properly price gamma in LP tokens in uniswap
Two versions and 245m volume later, we announce the unfortunate decision to stop development of Good Entry here
5) There was no stable regime where parameters worked consistently, requiring frequent market adjustments.
6) More subtle, the system's inability to find equilibrium meant the initial objective—fair pricing of LP embedded volatility—may not be attainable.
7) On the "degen convexity" gamma exposure side, and considering the memecoin wave, it seems to make sense to try to just add more convexity to memecoins themselves, remains to be seen this is long term*
📣Announcement📣
Good Entry will sunset our flagship protected perpetuals product after generating more than $245m volume
users are advised not to open new positions
📣Announcement📣
Today we also announce a new era as Good Entry rolls out our new memecoin launcher on @arbitrum
how we differentiate from @pumpdotfun is a heavier emphasis on socials and optionality with the lucky draws
@Uniswap 3/ Since then we've been improving on the product to allow users to have a better alternative to perps
major challenges around making LP profitable sustainably have been present amongst other things
@CoinerHermes@trendoshi@monad_xyz no fake positions, issues with liq bot
those were alerted by community and fixed
you can be mad, and stay mad
why not try trading on GOOD and earn money
@CoinerHermes@trendoshi@monad_xyz@berachain@arbitrum we're not applying for latest round of arb STIP
we don't think it makes sense for our protocol given current token situation
heads down focus how to rebuild this token community
pretty simple
@JJDIGGER@altcoin_hamster we can't give advice on day trading that constitutes financial advice
to open a trade, you can use our docs, it should be comprehensive enough