Delta neutral with short hedge
Hello guys!I was checking some farms lately, and I think it seems too good, so please correct me if I'm wrong. Yearn finance has 127% APY on YFI coin (at least as of 25.01.22). Can't we just put 50% of the money into YFI and deposit to yearn, and with the other 50% of cash short YFI on Binance for delta neutral exposure, which will bring an average 63,5% APY with no delta exposure? Isn't it like stablecoin with extra steps and great return?
Ingrandisci immagine - Repost: Delta neutral with short hedge (from Reddit.com)
Hello guys!I was checking some farms lately, and I think it seems too good, so please correct me if I'm wrong. Yearn finance has 127% APY on YFI coin (at least as of 25.01.22). Can't we just put 50% of the money into YFI and deposit to yearn, and with the other 50% of cash short YFI on Binance for delta neutral exposure, which will bring an average 63,5% APY with no delta exposure? Isn't it like stablecoin with extra steps and great return?
Ingrandisci immagine - Repost: Delta neutral with short hedge (from Reddit.com)
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