DeFi: "we're opening up finance, taking out the middleman" also DeFi: "structured product. Fee at a level that would be illegal in many tradFi SP markets. Oh and trust us on the fill" "[..] 2% annualised management fee and a 10% performance fee." https://app.ribbon.finance/
Some trickery with the performance fee as well -- this is not how perf fees are normally applied! "If the weekly strategy is profitable, the weekly performance fee is charged on the premiums earned ... If the weekly strategy is unprofitable, there are no fees charged."
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nice option on fees..!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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haha oh boy I wanna charge independent fees on some coin flips
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Someone mention clipping tickets ?
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Truly optimal HF strategy remains creating 20 funds, taking them all to Vegas and playing roulette (all in on one roll per fund).
Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is more of a technical constraint, unfortunately. Not trying to deceive
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If you charge it on withdrawals it breaks composability
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