Options provide leverage without the risk of being directionally right but still liquidated.
They provide far more expressivity in monetizing views on future PA. You can trade not just direction, but range, volatility, timing, and magnitude of moves.
But options are complex.
@heat_fi is a interface for @DeriveXYZ that lets users intuitively visualize the different payoff structures of various options trades + discover alpha from social trading.
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Liquity ETH Carry yields 8-10% at 1.4× leverage
EtherFi Liquid, Fluid Lite, Lido Earn, IPOR Looper earn 3.4-4.7% APY at 3-10x leverage.
The sBOLD YT market on Pendle is pricing yield at 3.49%, 55% below sBOLD’s 7.76% trailing 30-day APY.
This is due to a large PT buy on the new market pushing implied APY from 5.50% to 3.49%.
sBOLD’s yield: 75% of interest from overcollateralized WETH, wstETH and rETH loans, plus liquidation gains.
Borrow rates currently ~ 4.52% and rising further supporting sBOLD yields.
Pendle liquidity is still thin and only supports small buys.
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