I’m personally pretty comfortable with Tether — but many aren’t, for good reason, and labelling legitimate skepticism as “FUD” puts you firmly in the category of cranks and pumpers, not serious people trying to build an ecosystem.https://twitter.com/OnrampAcademy/status/1478916693124657156 …
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I think typically people will short its perp to hedge that risk, which makes whoever going long that effectively writes insurance for Tether. This leads to a very interesting product,which is USDTBULL, 3x long USDT perp. Still baffled me how one can DIY this cc
@robertmartin88pic.twitter.com/D62GSdGBle
Take a look at the daily volumes for the USDT perps and this token.
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You mean the token's significantly lower traded volume vs that of USDT perp causes the divergence between the realized perf of the token vs the sum of its individual components?
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No, I just mean that they both have extremely low volumes, so the perp is not really useful as a hedge against tether depegging and the token is not really useful as a speculative asset.
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