Listing sOhm on Mirror will enable us to go Delta Neutral: harvest super sweet APY's, without being exposed to price movements.
Continue reading to learn how.
Mirror (Terra's version of Synthetix) allows you to short any listed asset. While shorting the asset, you get the short-farm APR's (ranging between 20 and 80%).
Delta Neutral = shorting & longing the same amount of an asset. This way you are no longer exposed to the price movements. Instead, you are simply harvesting farm rewards on both the short and long side.
Imagine harvesting 10 to 19K% APY, without price exposure. That's an insane opportunity.
In my brain this will drastically increase the demand for Ohm, and thus boost our market cap which is great for everyone in the community.
I need your brain power to figure out:
- if I'm missing something important,
- how to best implement this.
In my current understanding it can be achieved by adding mirrored sOhm to Mirror, which should be possible as it also worked with rari.capital.
I'd love to hear your insight on this mind-blowing opportunity.