Post by @voltz • Hey
.@GMX_IO $GLP POOL JUST ROLLED OVER📈
Want to learn how someone made >500% APY on the previous pool??
👇
Comments
- 7/ hbu? want to trade $GLP rates?
Go to https://app.voltz.xyz/#/trader-pools now to take a position on the fixed or variable rates below
- 2/ On 2/20, this wallet took a Fixed Taker position w/ 14 ETH of margin, leveraged up ~35x to 500 ETH of notional
- 5/ As the variable rate plummeted more, Wallet X doubled down, taking another Fixed Taker position w/ 18.03 ETH margin at ~25x leverage. The fixed rate was 35%, while the variable rate was 20%.
- 6/ They were in instant profit on their second position and ever since have been stacking ETH profits
- 4/ But Wallet X assumed the variable rate would decrease in the coming days, resulting in a net positive cash flow.
They assumed correctly. When the variable rate decreased, they started earning ~$400/day profit.
- 3/ At that time, the variable rate was 52% and the fixed rate was 40.86%.
Wallet X was paying ~null,070/day & receiving ~$840/day, resulting in a net loss of $230/day.
- gmx
- ASDFGBN
- yeah!!!!!