About
APY: 34.4%
TVL: $M
Tokenized inverse short perp position matched with USDC in UniV4.
Key features:
Non-custodial with instant redemption.
Yields from both funding rates and trading fees.
Price stability via the xUSD-USDC pool that is also used for an efficient ETH <> USDC swaps with no IL for LPs.
Conditional rebalances:
Time-based: once per week
Price-based: after price change >20%
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Performance against BTC, %
The backtested performance over the last 12 months (01.12.2023 - 01.12.2024) is 34.4% against USDC. The strategy shows all-weather performance with the highest returns during the fast upside and volatile market periods during which we collect much larger trading fees.