Holding $WBTC, $WETH or $LINK and betting against a bullish scenario: How to earn premium's in a bearish period

2021.12.06 05:15 pashtun92 Holding $WBTC, $WETH or $LINK and betting against a bullish scenario: How to earn premium's in a bearish period

This post is about how you can earn money in a bearish period while still hodling eth, bitcoin or link using the platform of Premia Finance (micro alt coin).
Premia finance platform
Premia finance is a platform for buying/selling American-style option contracts (for the coins mentioned earlier) in a decentralised manner. Users of the platform have the ability to provide liquidity to the pool which will be used to underwrite options (from this moment named: LP's or liquidity providers). Liquidity providers earn the "premium" (=fee) which is paid by option buyers + they earn $PREMIA tokens (which is fairly distributed depending on how large your contribution is to the pool).
In the past, you had to underwrite these contracts yourself. This was a barrier for people that have no knowledge of option contracts. However, since the release of PREMIA v2, there is an automated system which creates the option contracts for you. Therefore, all you have to do is provide liquidity as you would normally. This is also an advantage to option buyers, since there are now more options available through the automatic system.
A few weeks ago premia also released layer 2 support for arbitrum which is great news and has seen TLV increase significantly.
What are the risks involved?
There is risk for impermenant loss. However, it is a different kind of impermenant loss than traditional 'impermenant loss'. If you would provide liquidity at a DEX and one of the tokens rises in fiat terms twice as much as the other, and this difference is larger than the fee you received, then you have incurred impermenant loss. However, in this case, since it is only one-sided liquidity, this type of impermenant loss does not exist.
A different type does exist. Since you are underwriting an option call contract, you are basically hoping that bitcoin either 1) goes sideways 2) goes down. In these two scenario's you are making money.
Let's do an example. Quote from this article which goes into more in-depth:
"Say you provide liquidity to the WBTC Call Pool in the form of 1 WBTC deposited, and your liquidity gets utilized for Calls expiring in December 2021 with a strike price of 60,000 DAI. You would receive a premium, in this case let’s say the premium was 0.15 WBTC (~$9,000). Then Bitcoin rips up 25% from here to $75,000 per coin in December and the call you sold is exercised.
This means you would effectively sell 1 Bitcoin at the strike price of $60,000 (paid in WBTC), despite the current price in December being $75,000, essentially taking on impermanent loss of $15,000 before account for premiums. For this complete transaction, your total IL would be (+$9,000 — $15,000 = -$6,000)."
What are the premiums you can earn right now at premia finance mainnet?

What are the premiums you can earn right now at premia finance arbitrum network?
The obvious difference between mainnet and arbitrum network can be explained because arbitrum network is only just released. I expect these APY's will come down after a few months to the same level as mainnet. However, right now, many users on arbitrum network are buying option contract's. These users far exceed the LP providers, hence the high APY's.
One last obvious note: if you want think we are heading into a bullish period for crypto, you can underwrite the put options contracts with xDAI. In this case, you will incurr impermenant loss if we head into a bearish period.
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2021.12.06 05:15 aussie_moose72 I thought they were about to do the YMCA

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2021.12.06 05:15 blkandavg Stow managers at GEG1 need to chill

You horny as fuckers.
It's so obvious when you're giving special attention to a few girls. When you move another guy that happens to be stowing next to your boo just so you can get next to her is crazy. There aren't that many people upstairs so it not hard to spot guys simping over girls. You guys should beat off before coming to work.
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2021.12.06 05:15 PLiinT420 Ranking emotes based off how annoying they are

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2021.12.06 05:15 zixxty Signed a contract based on pre-VAT price, salesman verbally stated multiple times that that was the full price I'd be paying.

England. My Wife and I's phone contracts expired recently and so we went back to the store to arrange new ones. We stated to the salesman what our budget was and what phones we wanted, also mentioning other phones we'd be interested in should the price not be within our budget. We spoke in depth about everything and sorted out a really good deal on the phones we initially asked for. This took a very long time, though and we were in the store for around two hours total with our young children who were not entirely pleased to be there!
The price we had agreed on was stated verbally several times, and due to the discounts we were using (due to my job and other discounts the salesman was able to acquire) the store assistant manager was called over for a period of time to ensure it was all done properly. Whilst the assistant manager was present, he and the salesman were whispering between themselves and going out into the back room together multiple times. I could see them both talking intently whenever someone opened the door to this room.
I had to the take the children out of the store for a period of time as they were being rather disruptive, leaving my wife to organise the contracts as they were both to be taken out on her account. She was happy with everything that was spoken about during that time and it was mostly spent setting up the phones. Once I returned, I confirmed once more how much the contracts were verbally and I was given the same figure mentioned several times previously.
Now roll on yesterday, our account has been updated to reflect the changes, and our next bills have been generated. The bills for each phone are 20% higher than we has verbally agreed upon in store. My first thought was that the overlapping cost of our previous contract had bundled together with our new one as the salesman stated may happen. After some digging through the paperwork, I realised that the price that we'd been verbally agreeing to in-store and both the salesman and assistant manager were given us were the pre-VAT prices.
It would have been impossible to mistake us for any kind of business customer and we didn't ask at any point to be given pre-VAT prices. The contract does show both prices, but these contracts were signed by my wife on a tablet in-store. She says that no attention was brough to the pricing on the contract and we didn't have any reason to believe we were being lied to or mislead. The store is part of a huge chain, with a name only two letters long, both of which are the same.
We are going back to the store today and we are still within the 14 day statutory right period, but I wanted to see here if there was any information I should arm myself with before going back in-store.
Longtime lurker, first time poster. Sorry for any issues with any of the above, and thank you all in advance!
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2021.12.06 05:15 dallyan American-style cake?

Hi all- does anyone know where I can get an American-style birthday cake, perhaps even an ice cream cake in Bern? I know- Swiss cakes are far superior but my kid prefers the American style. TIA!
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2021.12.06 05:15 ceaga201 [FOR HIRE] PROMO, FIRST COMMISSION COLORFULL, FULL BODY 12$, VALID UNTIL DAY DECEMBER 25th /OCS,FANART,+18

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2021.12.06 05:15 goricat Help! Looking for a very compact guide to different types of regression with python to help a friend with a data science lab.

I have little background in data science (currently a developer) and I need to assist a friend with a lab work with due date on Wednesday. I have gone through some weeks of Andrew Ng's ML course in the past so I have an idea on how to implement linear regression from scratch. I don't have much time to learn her lectures properly because I am working full time so I'd really appreciate if you'd show me some resources (books, videos, articles etc) that are very compact and that would allow me to learn enough to be able to choose the best type of regression let's say.
The lab consists of an AirBnB apartments dataset and from what I can tell, it's just the classic "predict price of the apartment based on features" type of problem. The solution has to be relatively optimized, which is why I need more information about regression. Please let me know about some resources and I'd really appreciate hearing other suggestions.
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2021.12.06 05:15 DisneyDilemmaBot How to make the vaccine even more effective

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2021.12.06 05:15 Concept-Impossible Justice for Death (noobz)

Has anyone noticed a Noobz admin named Death now suddenly no longer being staff?
I saw earlier today when he was talking about it when some members asked about a ‘suspended’ role on his profile.
I’ve been in Noobz for a few months, having some interaction with him, both good and bad. Its still heartbreaking to see one of the few good staff members suddenly be let go.
I tried reaching out privately, but he didnt seem to keen to answer. Not that I realy blame him.
Im a little skeptical of some of the business that goes on in staff, when one of th head admins resigned a while back.
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2021.12.06 05:15 awakeningpodcast #192 Widziec or Wiedziec to See or to Know

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2021.12.06 05:15 Delta_Wolf8 Spanish Civil "We call this a difficulty tweak" War

Have never seen the Republicans win the Spanish Civil War, ahistorical or historical in this update. I have seen the nationalists basically BTFO them unless I manually drag the war out
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2021.12.06 05:15 Muted-Effective-1713 I have a question for a McDonald's manager (serious)

Are your managers trained to know how to handle a customer complaint? Or do they have to ask another manager that's within earshot on how to handle one?
I was calling a store and asked to speak to a manager because my deluxe chicken sw didn't have chicken and some other things were just bad. The woman who answered said she was the manager and after I explained the purpose of my phone call I clearly heard her ask if she could refund that part to someone else.
This was a Sunday fairly slow time by appearance. Phone call was 30 minutes later so maybe it picked up. Do you frequently have two managers on duty in your experience or did this woman just straight lie to me?
I'm not here to bash on anyone except get context on how to feel about it. Basically the resolutions I was offered were come in with my card (paid in app so idk why this is necessary but regardless) they would refund sandwich and fries), drive back to get replacement food, or get mailed coupons for a value meal.
None of these seemed remotely reasonable as I had already went back into town and grabbed food elsewhere. Didn't want to complain hungry because I try and be very respectful and there were closer options by a few miles. Now I am an understanding person but my time, gas, and vehicle are all worth something to me as are everyone else's. Is this standard policy as I am probably going to contact the owner for all these red flags.
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2021.12.06 05:15 C9Babkis Fudge not being able to go to Korea could end up being quite detrimental

I don't want to be an alarmist, but from where I'm sitting Fudge's visa issues could end up being quite an issue, no? He doesn't get to bond with the new teammates, he doesn't get to gel with them in scrims and start functioning under the new system, he can't practice his new role in a much better environment of Korean SoloQ, and he won't get to practice with them until a week or two before the Lock-in tournament. I wonder if, therefore, this could mean that he might not be the starting mid laner for it.
For a team going through such huge changes in the offseason, this sure is a really unlucky start.
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2021.12.06 05:15 AJT- When will the snow theme come out?

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2021.12.06 05:15 gamethread-scraper Match Thread: 2nd Match - Sydney Thunder vs Brisbane Heat (x-post /r/Cricket)

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2021.12.06 05:15 Bhriguvanshi_07 Brian Johnson AKA Liver King, Says that he lives the ancestral way, feeding on raw liver, testicles, heart and whatnot. What's the verdict?

Brian Johnson AKA Liver King, Says that he lives the ancestral way, feeding on raw liver, testicles, heart and whatnot. What's the verdict? submitted by Bhriguvanshi_07 to nattyorjuice [link] [comments]


2021.12.06 05:15 Saluter2210 Diablo 3 Demon Hunter Marauder Build (Season 25)

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Anyone think we will see the secret service camo paint again or any paints for the armor atleast 🤷‍♂️
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