Got $TIA airdrop? what can u do with it?
List of actionable items u can do with $TIA
So u got ur @CelestiaOrg airdrop, whats next?
List of actionable and guides on what u can do at least know ur options before aping or ape selling keke
Content List
1️⃣ TLDR what is Celestia & TIA token uility
2️⃣ Stake as delegator
3️⃣ LP on OSMO
4️⃣ Quasar LP strategy vault
5️⃣ Grid trading ( high risk )
6️⃣ Bybit promotion stake
7️⃣ Thoughts on TIA & potential up coming strategy
8️⃣ Additional reading materials on Celestia
1️⃣ TLDR
Celestia is a modular blockchain seperates execution, consensus & data availability later (DA)
by focusing on handling the DA (with their DAS tech) they are able to scale and allow other rollup or chains to build on top or integrate it
It is essentially a blockchain lego
1️⃣.1️⃣
Token uility
🔹 Gas token
🔹 Staking rewards as validator or delegator
🔹 Governance
My thoughts & TIA valuation at 7️⃣ ( making u read the whole thing kek)
2️⃣ Stake as delegator
Earn 33% apr
remember to select the one with high voting + low comission
don't stake to any validator with 100% comission
it requires 21days to unstake
If u are new to the cosmo ecosystem
u can check out one of my favourite cosmo kol @L1am_Crypto 's tutorial
Big fan of his work
3️⃣ LP on OSMO
@osmosiszone is the top dex on cosmo chain with concentrated liquidity
Day 1 trading vol was 9m on a 400k pool with 4.5k fees
around 400apr, although the trading volume likely wont last but its still a high apr farm.
U can also set target price to sell while earn trading fee on the way down.
@osmosiszone 's concerntraded amm works similar to uniswap v3
U can essentially set a LP position that slow buy or sell ur bag.
check my old thread to understand more
4️⃣ Quasar LP strategy vault
It is essentially the @GammaStrategies of cosmos.
It is built on top of @osmosiszone
It will help u reset ur LP position so u stays in range and able to earn fee
It's cool but it doesnt provide any backtest or strategy parameters
not sure
it's performance under highly volatile token as IL might kill the pnl
5️⃣ Grid trading ( high risk )
During price exploration of a newly token if you have a clear target price range grid trading is a useful tool.
As it helps u sell as it pumps upwards in ur range and buy when it starts to get into ur lower bound range
Essentially this is how it works. As u can see from @ale_awu 's chart TIA rallied a lot, grid trading can help u capture these movement
But this is only smart if u have a target price range
Risk
if the price only goes up, u would have sold all ur TIA
if it continue to drop u would send all ur usdc buying the dip
6️⃣ Bybit promotion stake
NOT affiliated with @Bybit_Official anyhow
just sharing one simple way to share their free 25k TIA pool
7️⃣ Thoughts on TIA
🤔Utility, Hard Market Demand
From earning point of view, it will be based on
How much traffic per rollup have
How many rollup will use celestia
This will depend on will well their BD is, how good their tech is and techically easy to integrate
✅Speculation
😉 Hopium side
It hits a lot G spot of narrative
- EIP 4844 ( however delayed )
- Modular blockchain
- App specific chain
- Rollup as a service
- Rollup fee
- Multichain world
🤒 Downside
- Retail won't understand the concept, this will heavily depend on their b2b marketing or retail key metric image
- EIP4844 likely delay
- High amount of unlocking
🐑Summary
Personally I haven't workout my "fair" valuation for @CelestiaOrg yet but reference will be rollup fees assumption on growth.
I personally did not buy any on spot and basically sold everything n kept some just to test things out.
I do like the project but i think EIP4844 official delay n sell pressure from early investor does the look great to me short term
i plan to re-evaluated TIA if on-chain activity or number of rollup increased significantly, EIP-4844 launching or realted projects like altlayer tge
Potential Strategy ( working )
Delta neutral Funding rate arb
- Currently you can single stake on the two options above while earning some funding rate fee on different perp
- So u can earn funding while shorting ur single stake position on POS (33% apr) or Bybit
Key to note that TIA's POS yield is around 8% a year. As more people stake on POS the apy should lower to 8% as TVL grows and the funding rate should converged to 8% apy once the high speculation OI drops
If u enjoyed this and wanted to be early on stuff u should join us
some of the strategy and early claim info was from the group chat
