5 Billion $GPS Security Fund Arbitrage Guide
Discover a strategy for arbitrage, GoPlus launched a 5 Billion $GPS Security Fund, leading to a surge in the APR of $GPS . There is an arbitrage opportunity in between.
Currently, the interest rate for GPS in Binance's flexible wealth management is only 4.17%, but on the official website, the annualized return without locking is 29.3%, and locking for 90 days is 43.95%. There are already 40 million GPS quietly earning!
Arbitrage Logic: Stake GPS + Short GPS
We can buy GPS and put it into wealth management to earn 43.95% annually, while simultaneously shorting an equal amount of GPS with low leverage on contracts. This way, no matter how the GPS market fluctuates, GPS itself will not lose money, and the 43.95% annual return will be secured. The potential loss is that the perpetual contract short position may incur some funding fees, but the funding fees could also turn out to be profitable.
Staking Tutorial:
Connect your wallet to stake, open app.gopluslabs.io/staking, and enter GPS points [Stake] to complete it.
This is considered a very low-risk arbitrage method. Friends with idle funds, feel free to stake and participate to try it out.