Launch liquidity mining for Weekly Turbo ETH Staking pool
Continuing the idea of @ottodv in this post
As I noticed “Weekly Turbo ETH Staking pool” has been 100% purchased (utilized) for last 2 weeks and currently sells ETH Options with high enough (less risky) strike price comparing to Daily version of the turbo
Last week pool sold turbos for 400 ETH in nominal bringing 0.6% in premiums (1.2 ETH) on locked capital (200 ETH) which represents ~31% APR on ETH
Current week pool sold turbos for 2000 ETH in nominal bringing 0.4% in premiums (4 ETH) on locked capital (1000 ETH) which represents ~20% APR on ETH
Apparently the pool has 50% collaterization ratio, which makes it more capital efficient
Considering the less-risky strategy and the success of the last weeks I think we better incentivize staking into this pool as a start
Risk notice
Keep in mind that the pool’s strategy is to sell call options on Ethereum, thus staking into the pool may result into weekly loss in the case where the call options sold by the pool expire in-the-money
