Trade Idea: Interest rates are rising fast but for those of you that want to borrow USD and currently hold ETH you could do the following: Sell spot ETH, BUY ETH Futures, Earn 3+% APR and receive Dollars today.
Essentially you are being paid 3% to borrow for whatever period you choose (Select appropriate Future contract).
Here's the catch: With the upcoming merge on ETH there is a possibility of a disagreement leading to a hard fork (split) of ETH into 2 competing chains. If that happens you would likely miss out on the offshoot chain on the Spot ETH you sold
You could also do a short term spread trade if you felt that the 3% was going to close or go back to 1
Good Luck! No advice.
Risks: ETH Merge, Exchange Exposure, Spread widening, Cash position subject to M2M, etc
Essentially you are being paid 3% to borrow for whatever period you choose (Select appropriate Future contract).
Here's the catch: With the upcoming merge on ETH there is a possibility of a disagreement leading to a hard fork (split) of ETH into 2 competing chains. If that happens you would likely miss out on the offshoot chain on the Spot ETH you sold
You could also do a short term spread trade if you felt that the 3% was going to close or go back to 1
Good Luck! No advice.
Risks: ETH Merge, Exchange Exposure, Spread widening, Cash position subject to M2M, etc
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.