Yeah, that's what I do. I park stables and WBTC as collateral, loan USDC, go trade day trade perps, then keep adding the profits to the collateral and swing short the loan.
Nice play! Doing something similar on HyperEVM protocols, but not using leverage. Been staying off it for the summer. Just don't have the time, but could start with perps soon again now that I rage quit Splinterlands 😅
That seems to be a thing lately, lol. I sold off all my cards a couple of months ago, or really burned them all and put those funds into Aave, lol. It's basically where my Hive power downs are going too.
Market wasn't buying fast enough for me, so I just burned them.
I am delegating HP to leo.voter to earn LEO, but I sell it out into POL then into WBTC into my AAVE fund. So still supporting the platform through staking power, but using it as mining rewards like I do with DOGE and LTC and trade up into my main on-chain BTC holdings. I am trying to tighten up my game quite a bit. Thinking long term, like making it easy for my kids to be able to get to my shit when my time on this planet has expired.
They both hold BTC so they know about private keys and such, but they are not active in the space at all... Believe me, I have tried, lol... And I have a video explanation for them to get to my DEFI stuff. But I am trying to make it easy for both myself and for them incase my shenanigans find me in a bad place, lol.
Smart, smart moves, man. BTC is the only long term play there is in this space. I'm also gonna rotate into BTC at some point, just better not miss my time window...
Yeah, getting people into crypto is not easy, that's for sure! This bull run is mainly driven by institutional interest. I think retail is still shell-shocked after the previous run! 😅 Give 'em time, maybe they get into it, maybe not, but they've got Bitcoin and that's the main thing.
I think the biggest plays now are the treasury stocks and crypto companies. A bunch of retail went there because of ease of use and they don't want to mess with the complexities and risks of holding crypto. I mean, I am currently holding 200 shares of MARA selling covered calls on them in my main family fund. Might actually grab another 100 more shares on Monday.
But in my own crypto portfolio, I am keeping it tight these days and getting out of most alts, or in case of LTC, DOGE, XMR, and HIVE, I am earning those to get more BTC, lol.
Yeah, that's what I do. I park stables and WBTC as collateral, loan USDC, go trade day trade perps, then keep adding the profits to the collateral and swing short the loan.
Nice play! Doing something similar on HyperEVM protocols, but not using leverage. Been staying off it for the summer. Just don't have the time, but could start with perps soon again now that I rage quit Splinterlands 😅
That seems to be a thing lately, lol. I sold off all my cards a couple of months ago, or really burned them all and put those funds into Aave, lol. It's basically where my Hive power downs are going too.
Burned? That's a big move, but at least it's quick solution. Are you buying or planning on buying LEO?
Market wasn't buying fast enough for me, so I just burned them.
I am delegating HP to leo.voter to earn LEO, but I sell it out into POL then into WBTC into my AAVE fund. So still supporting the platform through staking power, but using it as mining rewards like I do with DOGE and LTC and trade up into my main on-chain BTC holdings. I am trying to tighten up my game quite a bit. Thinking long term, like making it easy for my kids to be able to get to my shit when my time on this planet has expired.
They both hold BTC so they know about private keys and such, but they are not active in the space at all... Believe me, I have tried, lol... And I have a video explanation for them to get to my DEFI stuff. But I am trying to make it easy for both myself and for them incase my shenanigans find me in a bad place, lol.
Smart, smart moves, man. BTC is the only long term play there is in this space. I'm also gonna rotate into BTC at some point, just better not miss my time window...
Yeah, getting people into crypto is not easy, that's for sure! This bull run is mainly driven by institutional interest. I think retail is still shell-shocked after the previous run! 😅 Give 'em time, maybe they get into it, maybe not, but they've got Bitcoin and that's the main thing.
I think the biggest plays now are the treasury stocks and crypto companies. A bunch of retail went there because of ease of use and they don't want to mess with the complexities and risks of holding crypto. I mean, I am currently holding 200 shares of MARA selling covered calls on them in my main family fund. Might actually grab another 100 more shares on Monday.
But in my own crypto portfolio, I am keeping it tight these days and getting out of most alts, or in case of LTC, DOGE, XMR, and HIVE, I am earning those to get more BTC, lol.