Shinchan regretted opening $ETH long on @protocol_fx (눈‸눈)

To be clear it’s not becoz of the protocol mechanism. Protocol fx v2 has zero funding rate which works best to long-term & sticky speculator like me who doesn’t have to bear heavy funding costs  (this is the best perp strategy) plus a rebalance that automatically adjusts leveraged positions to safe levels to eliminate liquidation risk.

But the no-upside performance of $ETH price is perplexing (๑¯∀¯๑)

Considered deleveraging a bit and switch to $fxUSD stability pool instead for decent APR now at 25%+ to get multiple yields - LSD, trading fees and $FXN rewards
#ETH