With BNB scam chain meta going on rn a lot of liquidity and volume is flowing there. Personally, I'm not touching bc my goal now is to protect capital before the omega play (@Lighter_xyz TGE) But in the meantime there are many ways you can preserve capital while still maintaining some levels of beta upside exposure while earning yields. For that I am exposed to Lighter’s LLP as the yield component (doesn’t earn points, but it’s a printer. (61.85% APR). This takes on the counterparties of traders on Lighter, and yield has actually been steadily climbing since we entered public beta. I expect LLP to continue outperforming bc more activity = more yield. It also takes in liquidation revenue as well. For beta upside, I am allocated to Guinea Pool and Edge & Hedge Pools through Lighter’s Public Pool. These are moderate-high risk vaults which has delivered pretty good returns, although Guinea for example takes on swing trades which might result in higher volatility swings. These pools earn Lighter points as well. There will also be more opportunities to find asymmetrical upside through perp DEX vaults, with the upcoming one being @hibachi_xyz market-making vault. If we based it off past returns, the early depositors into LLP were printing upwards of 800% APR at its inception, and had you deposited in LLP in March and did nothing till today, the position would’ve more than 3x today. So being early to a vault is extremely +EV. I am also mostly doing delta-neutral pairs and long BTC.D in October. Still think liquidity will flow towards BTC first with most alts bleeding against it. This is my current setup. NFA!
How I am prioritizing Perp DEXes rn: Currently, I am concurrently using and farming points on 4 different Perp DEX platforms (Lighter, Based, Hibachi, Pacifica) There are some which are in an earlier stage compared to others, and hence points competitiveness is not as difficult
Links to the different vaults/pools I’ve mentioned: Lighter LLP Guinea Pool Edge& Hedge Pool Hibachi (Vault not live, coming soonTM)
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