ENA Meditation on Winning at the New Peak (6)

In this S3 airdrop, Gua Ge obtained 2.9 million tokens, with a net profit of 3 million dollars.

Thanks to splitting nearly 200 accounts, only about 300,000 tokens were locked.

This is the peak battle after 4 years in the circle.

Some thoughts:

1. To achieve significant returns this season, the two key operations are: one was buying yt in September last year and going all-in; the other was hedging or shorting from December to January.

2. In other words, the profits from arbitrage depend on these two secondary operations. So what is the significance of arbitrage? It lies in the fact that in September last year, the price of yt corresponded to the cost of obtaining tokens being only half of the market price, giving you enough safety cushion to go long; and also in December to January, when the price of yt was still only half of the coin price, providing you with enough safety cushion to go short.

3. Another key point of arbitrage is that in December last year, Gua Ge found a big player friend to help with hedging, paying the highest stablecoin interest in the market based on margin usage.

4. If the secondary judgment is correct, it can yield huge profits; if the secondary judgment is wrong, there is still a safety cushion to ensure no losses, which is the advancement of arbitrage. This is when Gua Ge hedged at 0.3 in September last year, and after being pulled and forced to de-leverage for a month, he was pushed to evolve.

5. At a gathering last month, a big shot close to the project side speculated that the airdrop would only distribute 3%, so Gua Ge shared this with @HRpxu38hv1ZDLeF, who used several studio accounts to defend rights on DC. The project side ultimately distributed 3.5%, which was thanks to his efforts.

5. The fundamental reason why S3 can yield huge profits lies in the coin price being pulled from 0.3 to 1.3, which is currently not expected for S4. A generation of divine mines, a generation of divine people. The project has come to an end, and Gua Ge has also gone offline.