The report was written the day before yesterday. The data changes in real time. It can still be used as an arbitrage teaching game. This time span is relatively long, and the opportunity to eat the anchor is indeed rare.

$the, which was recently listed on Binance, has increased dozens of times since it was launched on the chain.

Then this project has three tokens: $the, $livethe, $vethe, which is a ve(3,3) model project

>$THE is the token we normally buy

>$livethe is a liquidity pledge certificate, equivalent to steth

>$vethe is a token that holders can enjoy exchange fee dividends and has a pledge period

🫡What is going on?

Recently, Binance launched this token, which increased the price of the currency by dozens of times

Many players who pledged at the price of 0.1/0.2 became rich on the spot

However, because their coins are locked, the profits cannot be realized, and they are afraid that the price of the coin will fall back in the future.

As a result, everyone rushed to sell the $livethe liquidity pledge certificate at a 30% discount.

Although they are sold at a discount, because their cost price is very low, they still have a profit of ten times.

The result of this group's behavior is

The prices of $the and $livethe are decoupled, and $livethe has depreciated significantly


The $the/$livethe trading pair has fallen from the normal exchange rate of 1 to a minimum of 0.23 (which means that at most 1 $the can be exchanged for 4 $livethe, and now it has retreated).


However, the project owner will use the handling fee to repurchase $livethe every once in a while to keep the price exchange rate around 1

When the price gradually stabilizes and the heat passes, it is inevitable that the exchange rate will rise.

The exchange rate difference in the middle is a risk-free return.


Arbitrage Scheme Guide:

There are two ways to arbitrage this exchange rate.


1️⃣Buy $the spot on Binance, then open a short contract at one time, lock the position, then go to the official website to exchange $the for more $livethe, wait for the exchange rate to return to around 1, and then exchange it for more $the. Selling this extra $the is profit.


2️⃣Buy $the spot on Binance, then go to the official website to exchange $the for more $livethe (this method is actually equivalent to buying more $the for 1U), wait for the exchange rate to return to around 1, and then exchange it for more $the. The difference from method 1 is that if $the goes up in price later, you will get a bigger profit, but if it falls back to more than 1U, it means you will not make any money.


These two arbitrage methods have their own advantages, and you can choose freely according to your situation.

Arbitrage practice:

1. Purchase a small amount of $BNB and an appropriate amount of $the from Binance. Transfer $bnb to the Little Fox wallet as gas (about 3u is required). Select $BEP20 to withdraw $the to the Little Fox wallet.


2. Go to the official website linked below, link to the Little Fox wallet, and click on the transaction as shown in the picture

Official website: Official website link: https://thena.fi/


3. Select the trading pair as shown in the figure and complete the exchange (to return to $the, you only need to change the type of tokens you buy and sell)

Ps: You may be curious whether $vethe should be exchanged for pledge. It is recommended not to do so, because once you exchange $the or $livethe for $vethe, if you want to withdraw it without locking it for a sufficient period of time, the principal will not be returned 1:1, and you will lose money on the spot.

As an idea, even if this one is not used, the next one can be used as a reference

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