A stablecoin with a 120.79% APR mine!

An opportunity to profit in coin-based but with risks in U-based!

This strategy targets Shadow's x(3,3) mechanism.

➤ Known:

1) x33 is a yield compounding liquidity staking token minted with xSHADOW, the current minting ratio is 0.658:1;

2) x33 can be redeemed for xSHADOW, and xSHADOW can be redeemed for SHADOW, but if redeemed immediately, a 50% penalty will be incurred;

3) Similarly, if x33 is sold directly, it will trigger the same 50% penalty mechanism as immediately redeeming xSHADOW;

4) xSHADOW can be exempt from penalties after a six-month redemption period;

5) x33 tokens can be freely traded in the market;

6) The current trading pair ratio of x33 to xSHADOW is 1.314:1;

➤ Strategy:

We can directly purchase x33, then redeem it for xSHADOW, and after a six-month redemption period, ultimately obtain SHADOW tokens.

By calculation, this method can yield approximately 1.314 / 0.658 (current minting rate) ≈ 1.99 times the amount of SHADOW tokens.

➤ Example:

Assuming spending 1 SHADOW to purchase x33, you can obtain 1.314 x33. After the six-month redemption period, these 1.314 x33 can be exchanged for approximately 1.99 SHADOW.

➤ Risks and Returns:

If in SHADOW-based, this strategy is guaranteed profit!

But if in U-based, it should be noted: a loss will only occur if the coin price drops (1.99 - 1) / 1.99 ≈ 49.74%.