Finding potential gems in boring market will payoff

a potential gem in nftfi

What to do in boring market?

find good projects in sectors that might have a bull run.

thats how i got early in arbitrum ecosystem when everyone was crying over the bear during ftx

👀NFTfi has always been a sector i keep an eye on.

👀Perpetual has always been crypto's favourit

👀@Tribe3Official just went on mainnet a few hours and u should pay attention

Why m i looking at them?

• 🔹When they do launch token, it will be the first nft perpetual dex token

• 🔹nft perp is a growing sector their competitor @nftperp has around 300m trading vol since Nov

• 🔹invested by tier 1 VC like @TheSpartanGroup @ivcryptofund

• 🔹if u are willing to spend 1 hour searching for meme coin, why not spend 3 mins reading this thread + n play around with it?

• 🔹im not really an airdrop guy, but they do have a point system n confirmed airdrop

@Tribe3Official has been on my radar since january, read the thread below to learn more about them

As someone that has accepted i don't know how nft price moves i will share

1️⃣ Arbitrage trading strategy between nft perps

2️⃣ Arbitrage @Tribe3Official with nft lending protocols

https://twitter.com/2lambro/status/1615897426296188929

1️⃣Arbitrage trading strategy between @Tribe3Official & @nftperp

Because of how vAMM model works, there are price difference between these 2 nft perps

tribe3 BAYC price 50.29E

nftperp BAYC price 51.34E

If u believe the price will merge u can Long on tribe3 n short on nftperp

This strategy can be apply to Orcale price & the vAMM price on @Tribe3Official

key things to note

• ❗Open position fee

• ❗Slippage

• ❗Funding rate cost

• ❗with vAMM price there is a chance that it might not converge

I haven't tried doing this yet but i'd imagine the ideal case will be

BAYC price on tribe 50E

BAYC price on nftperp 51E

BAYC true floor price 50.5E

then i will feel comfortable to long in tribe short in nftperp, given if the price have a tendency merge.

u can also earn potential airdrop of tribe token on top of it

2️⃣ Potential arbitrage @Tribe3Official with nft lending protocols

u can buy @BoredApeYC MAYC @Azuki Punk

lend on @blur_io @benddao

short on tribe

if lending rate > funding rate than potentially possible

key things to note

• ❗Open position fee

• ❗ Slippage

• ❗ Funding rate cost

• ❗ with vAMM price there is a chance that it might not converge with true NFT price

I personally haven't tested these strategies yet but here's my thinking logic potential things i would play with for profit or potential airdrop upside.

But if u are a god tier nft trading u can just long/short earn big money there.

Some part of me wants the meme coin guys move on to nft speculation.

anyways if u are going to try running the strategies above or perp trade nfts feel free to use my referral code

🎉 Enter my referral code [ D09398L ] to earn Tribe3 points.

More details on their airdrop