Introduction to the leading option Dex Synquote. How can we maximize the odds for blue ocean projects?
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Summary: This year, it is expected to launch airdrop projects. Big money, option blue ocean, let's get started.
The full text is 1,500 words and takes about 5 minutes.
1- What is the origin of Synquote?
2- What are the characteristics of this option Dex?
3- Having said so much, how can we make the most money?
1. What is the origin of Synquote?
First, we can clearly check the financing background of Synquote through the third-party financing query platform https://rootdata.com/zh/Projects/detail/Synquote?k=NTY1Mg%3D%3D… (As shown in Figure 1 below)
There are several points that need to be highlighted:
① Old Dex options platform
Founded in 2021, we know that the biggest potential risk of Dex is the risk of hacker attacks. Relatively speaking, the old Dex with a longer history has higher code security, and no hacking incidents have been found in its history through the web3 mainstream media website.
② Seed round financing amount of US$2.8 million
And its investment institutions are luxurious, Coinbase ventures participated in the investment, so because of its luxurious investment institutions and old projects, the project party's Rug risk is greatly reduced.
One point is particularly emphasized, the risk of on-chain projects is the first. Many big bang Dapps on Blast have had Rug incidents before, so our on-chain interaction is the most important consideration.
③ Focus on options in the derivatives track
We old players in option trading know that the most difficult thing about building an options platform is liquidity + risk control, and anti-hacking must be added on the chain. In addition, the traffic on the chain is even thinner than that on Cex. It is not easy to work hard for several years to cultivate options liquidity.
④ Founder Background
As shown in the figure below, the founder graduated from an Ivy League school (the awe-inspiring Stanford); he was a programmer at Google before, with a solid academic background and work experience. (As shown in Figure 2 below)
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2. What are the characteristics of Synquote?
In the past week, I have played this option Dex in depth and also released a video (see YouTube: https://youtu.be/xGE1I0Sn8lY?si=0ok-K69vYRWgty0g…)
There are several highlights:
① Small transaction slippage
As shown in the figure below, this option Dex really exceeded my expectations. Its transaction slippage is definitely not as good as that of the big exchange Cex;
But to be honest, I have been trading for more than a week. Compared with the second-tier crypto option exchanges, its BTC and ETH transaction slippage is really much better. You can compare it yourself. (As shown in Figure 3 below)
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② Good transaction depth
The shallow OTM periodic options and end-of-day options ETH basically have a transaction depth of 10-50 coins, which can meet the trading needs of ordinary retail investors and medium-sized households.
Of course, if you are a super large investor, it may be a little worse, for example, you have to make a large ETH position of hundreds to 1,000 coins at the beginning.
③ 0 transaction fee
The Dex on the option chain is still in the promotion period, so it does not charge any fees at present. If you are a high-frequency trading player, you can actually save a lot of fees in long-term trading.
④ Basic option strategy
As shown in the figure below, basic option strategies are provided here. If you are a novice or intermediate option player, several commonly used option strategies can be built directly here. For example, my favorite bull spread strategy and buy straddle strategy are relatively easy to use, will not blow up, and have high odds in this bull market cycle. (As shown in Figure 4 below)
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⑤ PM margin
With the same principal, the option equivalent that can be traded is larger, which is conducive to option players to increase the odds of trading under the premise of controlling risks.
3. After saying so much, how can we make the most money?
After saying so much, we need to implement how we can maximize our benefits.
① Use 0 handling fees to trade BTC and ETH options
Because there is 0 handling fees here, and the slippage and depth are good, the main asset allocation for BTC and ETH positions can take out a part of Cex and put it into this Dex to trade and earn bull market β returns.
② Earn points, it is expected that the platform token will be airdropped in the near future
Did you miss the popular Aevo before? Did you miss the backpack? There are not many people who can play Dex options. Don't be so greedy. Come here to earn points now because the trading depth is very strong. Take advantage of some end-of-day options bull or bear market spreads. In the PM margin mode, brush more groups every day.
In addition, if you learn some basic strategies from me, you can basically get 0 cost, or even make a small profit, and brush points at a high frequency.This is actually much cheaper than Aevo or backpack.
I knew a friend who spent 26,000 dollars on Aevo points, but the return was not bad, almost 80,000 dollars
③ Recommend friends to join
You can use your own link to recommend friends, and then 10% of your friends' trading points will be given to you. It is a very high-odds thing to put a certain position to get airdrops under the premise of controlling risks.
My invitation link: https://app.synquote.com/r/sober
Finally, if this article is helpful to you, please remember to like + forward + comment for me, triple link
If you want to learn more about option players, welcome to "Sober Chat Options Planet"
