Hello frens Here is a good way to hegde yourself against volatility :
According to the Crypto Volatility Index, the volatility of the market is reaching a ATL (https://cvi.finance/)
The fees generated by GMX are insanely low with a prediction APR for next 'week' of 5,77% (https://stats.gmx.io/arbitrum)
Pendle's YT_GLP is reaching a ATL, at 7,99% The delta between YT_GLP and PT_GLP have never been that narrow (https://app.pendle.finance/trade/markets/0x7d49e5adc0eaad9c027857767638613253ef125f/swap?view=yt&chain=arbitrum)
I think that buying YT_GLP is a win-win solution :
GMX traders are still 78% long, if the market dump, fees will go up by buying GLP, you're a bit exposed to the market in case of a pump in both case (pump or dump), GLP yield should increase and you can win decent % by leveraging your GLP
This flat market is waiting for a new, or idk anything else, to react ==> volatility never stays low for a long time
The only one case you can lose, is that GMX is hacked or any bad new around it
But tbh, R/R is high That is why I'm actually Long on GLP yield
Agree ?