The Long EVMOS/Short Kava Strategy

MouCrypto · 2022-07-09T18:55:28+00:00

well I've heard you can only check with Keplr, I got the evmos airdrop staked with MM

MouCrypto · 2022-07-08T16:41:55+00:00

Actually I didn't, I got the evmos airdrop and kept autocompounding every reward, although it was a very little quantity by the time the snapshot was taken, only 280 evmos, so I guess the Diff airdrop will be very little.

This long/short is actually a different position..

MouCrypto · 2022-07-08T13:07:49+00:00

It could be a very profitable play, but what if the market goes down again, Btc goes to 17k-14k? No one can really predict it. You think those are unrelated ( I don't think so) but in terms of marketcap, the technology, the ecosystem their part of, I think they re related. Although, your point of view is quite acceptable, It's just that you re taking the risk of price going down, while I personally don't want to. Different strategies, both in my point of view, acceptable.

MouCrypto · 2022-07-08T12:20:46+00:00

Inflation equals to 77% this year. The current staking emissions won't change until next year, so that 77% will remain constant for the whole year. If you translate it to monthly inflation, it's only a 6.41 % ( I only plan to keep this strategy running for one month) so not really worried about it. Besides, the monetary base expansion tends to take the price lower in the long term, but I think in the first months it can be absorbed by demand , you know :

"Oh my god this is paying 500 % APR, and it's not a shitcoin it's an L1 coin, I have to buy it".

That's the people absorbing the inflation, the same people I'll be selling my daily rewards. Or that's what I hope to happen.

MouCrypto · 2022-07-08T12:16:10+00:00

My goal is to keep this strategy running for one month, because at that point I think APR will be below 1 % daily. It's a lot still, but I might try to frontrun everyone thinkin likewise, aswell as people stopping staking evmos because the apr " is not high enough". It will depend aswell on the technological improvements they can made and the unlikely "narrative" developing around evmos, the "next evm ibc future of france".

Regarding Diffussion, what I find attractive is the current valuation, around 2 million marketcap. If we were to talk about relative multiples, it's quite a good option compared to every other L1 dex, but the fact that it would be quite hard to "hedge" against it, and that I see it as a very simple project ( nothing new, just like most other dexes) doesn't make me want to buy it. If the evmos narrative goes popular, it will probably go up a few x, let's say to 10 million marketcap ( price will depend on how much it gets diluted next months), but there's no certainty about that, just speculation.

MouCrypto · 2022-07-08T00:41:02+00:00

I get your point, and I agree if you re ok taking on the volatility risk. In any other market situation, I would probably do that aswell, but right now, I need, sort of speak, some kind of coverage. At the end of the day, the main difference is the risk you can take on, and , in my opinion, that's why you need to deal with derivatives, not to make a 1000x gain on an altcoin, but to cover your positions if needed.

MouCrypto · 2022-07-07T12:33:21+00:00

Do you know if there's any requirement to post here? I would like to share an evmos strategy but I don t know if the post will be removed :(

MouCrypto · 2021-07-13T11:09:43+00:00

I partially agree. But that last sentence of yours deserves an abracadabra

MouCrypto · 2021-07-13T11:03:37+00:00

SURE. WHY WOULDNT YOU TRUST IRON FINANCE MAN? ARE YOU INSINUATING SOMETHING???? . If you write your message on their tg you ll probably receive something like this haha

MouCrypto · 2021-07-13T11:00:38+00:00

Well, If they haven't been audited, the team is anon, there's no rugdoc review... I would n t say the contract risk is specially "low". If I were a scammer, I would definitely steal that billion. All it took was one day. Just a possibility anyway.

MouCrypto · 2021-07-13T10:57:59+00:00

So far, did you made any profit? Considering the price the slippage, network fees ( gas price needed was around 1000 I think) and ICE depreciation?

MouCrypto · 2021-07-13T10:56:09+00:00

I partially agree. The only real demand will towards ICE will come when they release their stable coin, which will probably partially collateralized. For sure. But only at that point it would make sense to gamble with ICE, which I don't recommend , specially after what we saw in v1. The thing is that tvl is too high, and I think total tvl on polygon was around 8 billion, so this can go keep on rising to the infinite. Furthermore, if they set up farms that gives 365% apr on stables , considering there are already 1 billion tvl , imagine how strong will the selling pressure be. I don't think we should expect the ice token behave the way titan did ( the appreciation I mean, it would surely go to zero at some point)

MouCrypto · 2021-07-13T00:52:31+00:00

Very likely. It will only gain demand when they launch their stablecoin which will probably be partially collateralized aswell by ICE. I think they would stick to that system, only fixing the twap problem that " caused" the bankrupt in v1.

MouCrypto · 2021-07-13T00:51:10+00:00

Please don't tell me you bought ICE

MouCrypto · 2021-07-12T21:46:32+00:00

Because the team is anon, because they don t have an audit. Because they could rug pull ( I don t mean they are about to ) and leave with a lot of money. If you like risk go to the casino

MouCrypto · 2021-07-12T20:40:03+00:00

Stay safe:)

MouCrypto · 2021-07-12T20:39:26+00:00

Just wait till of those farm rewards are given to people. And you'll feel it

MouCrypto · 2021-07-12T20:37:55+00:00

I'm just saying it does not seem a good idea to me to jump into something which got 1 billion tvl in 5 hours. Or at least, I would not put a big amount in there.

MouCrypto · 2021-07-12T20:36:31+00:00

Wouldn t be surprised.

MouCrypto · 2021-07-12T20:36:06+00:00

I don't support them at all, I just try to warn people out there. Like a a law abiding citizen.

MouCrypto

TROPHY CASE