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Today we begin three days of strats for kHYPE on @felixprotocol:
>Strat 1: The kHYPE DN Trade
1. Deposit kHYPE on Felix Vanilla (say 2% staking yield)
2. Borrow USDhl (say 5% borrow cost)
3. Sell USDhl for USDC on HyperCore (hopefully not a needed step much longer)
4. Short HYPE perp (funding rate at 27%)
Earn 24% APY + Felix incentives + Kinetiq incentives and remain delta neutral so long as funding rate favors shorts
As always, feel free to reach out with questions on execution/risk associated with this strat
gFelix, km
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