Following recent events(Tornado Cash, USDC), I have allocated my liquid capital into the only two stablecoins(RAI, lUSD) that I consider resilient.
I have created a Uniswap pool at 0.01% fees to encourage others to do the same.
Have a nice day.
Following recent events(Tornado Cash, USDC), I have allocated my liquid capital into the only two stablecoins(RAI, lUSD) that I consider resilient.
I have created a Uniswap pool at 0.01% fees to encourage others to do the same.
Have a nice day.
The pool has just passed the million dollar volume and is still perfectly balanced.
Most of the volume is simply arbitrage from the MEV bots, but thanks to the efficiency they have achieved, it makes the pool quite interesting.
It’s a bit like a proxy to make a short gamma, long theta on RAI/LUSD… (short straddle)