Watching PIPPIN still using such underhanded means of funding fees to force a short squeeze, I coldly opened usddio—this month's profits, I want to take back from the rate arbitrage myself.
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While other projects are converging, PIPPIN is still harvesting shorts with high funding fees. But this time they encountered a rival. I built a 'rate counter-kill system' on usddio specifically to harvest these unreasonable funding rates.
Core Strategy
Borrow PIPPIN by mortgaging USDD through usddio
Short hedge against spot risk in perpetual contracts
Take a maximum funding fee difference of 2% per hour
USDD has become an arbitrage weapon here with stable trust. The characteristic of over-collateralization allows me to borrow chips at a lower cost, while the transparent capital flow on-chain prevents market makers from secretly manipulating the rates.
Result
In one week, I earned 370,000 U from the funding rate of PIPPIN, which is more stable than direct trading. The dogs use rates to grind retail investors, while I use usddio's USDD to grind the dogs.
Now every time PIPPIN charges a high fee rate, more smart money joins the counterattack through usddio. In this game, the ultimate winners will be the hunters holding over-collateralized stablecoins.
Follow the usddio counter-harvest channel, we don't curse the dogs, we use math to squeeze them dry.
