Singapore:
- clamped down on crypto ads
- banned binance .com
- taxing NFTs
- put a top DeFi fund on MAS “Investor Alert List”
Not as crypto-friendly as I thought when I moved here a year ago.
@weiliangwee I think a good idea would be to long OXY and short DAWN in different magnitudes based on the average correlation to mitigate the correlation swings. Just my thoughts... haha
@weiliangwee Hi Ser just some thoughts - By doing that you're essentially bullspreading OXY/DAWN. So I think correlation is one thing to look at, but you should also note that one leg can move faster than the other (i.e. correlation not 1.0). Also, APY changes every hour. Could be risky.