= DeFi notes

2023 - May
=== DeFiLlama ===

== Long-Short Strat ==

Given one trusted coin (T) and one untrusted coin (U), deposit both in liquidity pool. Early LP rewards. 
  * risk: U price drop devalues both the pool deposit and and previous rewards
    * mitigate: short U (buy puts) with strike price as current price of U
    * problem: no options market for U
  * boost: short U on a perpetual derivatives platform, collecting hourly fee
    * problem: derivatives platform pays only when short is against market sentiment (more longs than shorts)