Timeswap Meteor Pool: Trade volatility like a Pro
Short duration pools on Timeswap to trade volatility starting with $CRV
Background
Over the past few months we have showcased how you can create secure money markets for exotic assets on Timeswap without worrying about Oracle manipulations. We have launched pools with Pendle PT tokens, Trader Joe Auto Pool tokens, Plutus ARB tokens, unshETH tokens and so forth, all assets that have low liquidity onchain and are subject to price manipulations if utilised in other money markets of today. We have showcased how Timeswap’s unique design enables such exotic assets as collateral in a safe and secure manner.
Having said that, it’s time to showcase a new kind of utility with Timeswap design. Till now we have seen pools with duration of few weeks to months on Timeswap. It’s time to showcase how you can trade volatility using Timeswap pools!
The $CRV debacle
It started with a tweet. There was a vulnerability in some versions of Vyper contracts. This was followed by several exploits of Curve Pools.
This subsequently became a much bigger problem when liquidation was nearing for the Curve debt he had.
With this situation in mind, what can you do with this new pool?
Introducing Meteor Pools
Meteor pools are short dated pools which are aimed to cater to risky scenarios, like above. With a lot of potential on the cards, we are offering a CRV pool for speculative strategies.
Why CRV?
Why a CRV pool? We want to give users access to risk capital in a safer manner. With our non-liquidatable and oracleless loans, you can leverage your risk capital with minimised risks.
What can you do with it?
Things are proceeding quickly on the OTC side too, so if you are long on CRV, this could be the pool for you. Even if you are short on CRV, you can utilise it!
- Short CRV with Lower risk — Borrow CRV and sell for USDC at spot price and Loop. Buy CRV at a lower price and repay the Loan.
- Long CRV with Lower risk — Borrow CRV and sell at spot price and Long same quantity you borrowed on perps.
- Long straddle — Borrow CRV and sell at spot and long half the borrowed CRV on perps.
- Borrow and Hold — Borrow CRV and hold. Wait for the CRV price to rise. Sell when Debt > Collateral. If CRV doesn’t rise, simply repay the loan.
So, swap your tokens through time to bet on/hedge this scenario with this new Meteor Pool!
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