The LP Copilot on @MeteoraAG on @Solana powered by @rps_ai (deprecated) We are now @leaps_finance
Solana
Joined May 2022
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UltraLP (now @Leaps_Finance) retweeted
DCA into SOL with Cash Secured Puts
Earn premiums while you wait
UltraLP (now @Leaps_Finance) retweeted
今晚见！
🌗Solana 10 月生态月会 | Monthly Ecosystem Call
📅10月28日 周三 21:00 HKT
Solana 上的支柱 DeFi 协议 @kamino 战略拓展部总监 @cheryldchan 及 DeFi 期权协议 @leaps_finance 联合创始人 @richardkingxyz 将来分享最新的理财及交易策略。还有 Alpenglow 上线后的新变化，都在明晚生态月会一次说清。
关注 @Solana_zh 观看直播，我们不见不散！
UltraLP (now @Leaps_Finance) retweeted
TGIF
That time of the week again
Option Caps are open! (until they're not!) Get in while you can!
UltraLP (now @Leaps_Finance) retweeted
Grid trading BTC on Solana with extra yield on top.
How to take advantage of grid trading with BTC on Leaps while earning extra yield on top.
1) Pick a low price and a high price.
2) Sell a put at the low one: if BTC drops there, you buy it.
3) Sell a call at the high one: if BTC rises there, you sell it.
Each time, you're paid the premium upfront.
Then you rotate and do it again.
UltraLP (now @Leaps_Finance) retweeted
Stop waiting for yield, earn cash upfront on Leaps
UltraLP (now @Leaps_Finance) retweeted
I get the same question over and over when it comes to earning yield with selling on-chain options.
Here's what closing the options and withdrawing your funds look like on @leaps_finance
1. If the price crosses before expiry, nothing happens. The options only trigger on the day of expiry.
2. You get the keep the upfront yield regardless of the outcome.
3. You can withdraw your deposit whenever you want after expiry.
UltraLP (now @Leaps_Finance) retweeted
昨天在币安拉了一下双币投资的 BTC 低买，LeapsFi的报价对了一遍。
同一个行权价 $75,000，同一个到期日 10 月 30 日，同样 14 天 - 7,500 USDC 放进去，。
币安: 期权费29 美元， 10.20% 年化，
Leaps：期权费40.83 美元，14.74% 年化
其他的区别：Leaps在链上，USDC 锁在 Solana 的合约里，不用充值，不用开户，也不用KYC。报价对标期权市场，想核对随时能核。
跟OKX VIP对比: 11.615% 年化，OKX还是对散户比较友好一些 😅
UltraLP (now @Leaps_Finance) retweeted
Leaps Finance is built by the RPS team, a company specializing in Solana on-chain liquidity management, supported by @SuperteamBlack and backed by @OrangeDAOxyz @Delphi_Ventures and Wintermute Construct.
UltraLP (now @Leaps_Finance) retweeted
Where does the yield come from?
Its not yield, its payment.
A buyer is purchasing the opportunity to buy your SOL at a price you set, and they pay for it upfront.
What they pay depends on how far that price sits from spot, how long until it expires, and how much movement the market expects in between.
UltraLP (now @Leaps_Finance) retweeted
Is OKX ripping users off?
Leaps premiums pay users 2x higher than OKX's option selling platform, even at OKX VIP tier. 🫣
Leaps: 104%
OKX: 50%
for Oct 9 $122 SOL covered call
UltraLP (now @Leaps_Finance) retweeted
How to earn yield upfront by selling a covered call on your SOL
UltraLP (now @Leaps_Finance) retweeted
Most defi yield pays interest over many months or you profit only when you close your position.
Selling options on Leaps is the only way to get yield paid upfront, right from the start.
UltraLP (now @Leaps_Finance) retweeted
This is why Defi options can 1000x
On-chain options are 0.2% of on-chain perp volume
In tradfi, it reverses: options trade more than futures
That's 500x just to catch up
Benefits of defi options:
- no need to move your SOL off-chain
- anon
- your transaction costs are just Solana network fees
- trade in 1 SOL 'lots' or $100 USDC
Sell options early on @leaps_finance
UltraLP (now @Leaps_Finance) retweeted
solana:So11111111111111111111111111111111111111112 is bouncing back down from $124.
Great time to be writing a SOL covered call at higher strikes if you believe it won't hit the same highs for a few weeks.
It really just takes 3 clicks for Leaps premiums to pay out 60% APR, without selling a single SOL.
Just click?
UltraLP (now @Leaps_Finance) retweeted
There are 2 types of people we built Leaps Finance for:
SOL / BTC holder on-chain
You hold sol or btc, you're not selling at spot anytime soon, you don't mind selling for a lot higher and earning premiums.
SOL / BTC Swing Trader
You're already buying low, selling high, and you'd like to be paid premiums throughout.
Thats options selling in a nutshell.
(Current board is running 20-60% annualized on the strikes most people pick, Sep 26. varies with vol.)
UltraLP (now @Leaps_Finance) retweeted
Charles Swab and other tradfi asset managers use a particular strategy that earns high yield through selling options. This strategy is called "The Wheel"
1. It involves selling a put, wait for expiry, selling a call, wait for expiry, then selling a put - and repeat.
2. For each option, select strikes close to spot with short expiry dates to take advantage of high APRs, you want these options to trigger.
3. Every time the option triggers, you have the opposite token (swapping from USDC <> SOL) and so you sell an option with those new assets.
You can run this today with SOL & cbBTC on @leaps_finance
UltraLP (now @Leaps_Finance) retweeted
I've been often asked whats difference between selling covered calls on SOL vs just staking it.
- Covered calls pay you now, and a lot more, but caps your upside.
- Staking lets you keep the upside, and pays you a lot less.
Staking: 10 SOL over 90D = $17 (0.15SOL earned)
Covered call: 10 SOL over 90D = $53.49 (19% APY)
If SOL doesn't hit $136 in 90D (around New Years), covered calls wins.
Play around with your yield potential on @leaps_finance
