In the previous cycle I bought ETH at $200 and held it all the way till the price reached all time high like at $4800
My only mistake was I never sold it and eventually the price came down to $2k
But now in this cycle, I'm hedging all my positions anyway I can.
The only issue is 'Options' premiums are hella expensive and likely eat into profits
So, I have been trying to explore different ways one can hedge tokens in crypto.
I am currently aware of Gammaswap which hedge against impermanent loss on the LP tokens. There is a yield token as well for earning yields through hedging.
And then there is Autonomint which hedges against ETH price loss at an initial 0 cost. It has a stablecoin which can earn option premiums.
Then there is Rysk Finance where one call sell 'Covered Calls' or 'Puts' on ETH and earn yields from premiums.
What are other projects to hedge ETH and may be earn some yield along the way?
Searching for more mechanisms to Hedge ETH against price dump
byu/Fearless_Run4 inethereum
Posted by Fearless_Run4
1 Comment
Hey man, sounds like you’re really into the crypto sphere. Be careful what rando projects you decide to get into. Don’t make it so complex that you invest in a less than reputable project