Arbitrage Opportunity
If you have $IP
go to https://t.co/eNDhfil3UT
swap $IP for $vIP (@verio_story liquid staking on Story Protocol).
Current rate is 1 $IP = 1.2 $vIP
Then, you have to wait for the end of Singularity (18 days) + 14 days to redeem $IP back.
This means you will get 20% profit on your $IP after 32 days.
You can also use delta-neutral strategy by buying $IP and shorting on perps, But the funding rate is negative, so it’s not worth it now.
Wait for the funding rate to turn positive.
I’m not recommending buying or selling $IP
Do it at your own risk and with proper risk management
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