Joshua Lim - Using Derivatives to Express Fundamental Trades
Liquid - Web3 Crypto Investing
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ETH Merger
Investors are extremely focused on this as a theme for 2022. People were starting to trade options on the ratio itself, which is not a vanilla instrument. We think that there's a lot of interesting ways to express a view on the merge and some that maybe are a little bit asymmetric. One common way that we've seen it is through buying longer dated call options on calls and call spreads on EPSD. Lido stands to benefit from expansion of yields going to the merge on Satan yields on ETH.
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