How to Escape Lock-up Periods with Perpetual Contracts - YouTube

hi perfect thanks for  joining today's mini workshop  

in today's mini workshop we will teach you how you  could escape logo period with perpetual contracts  

but before it starts here are some disclaimers  the following slides are now financial advice  

so if you're going to try it out yourself  please ask with cautions now that our way  

let's get started this tactic is only applicable  to the stakeable assets like either has  

a cooldown period for the steak assets or a  vesting time for the stacking reward the famous  

examples in this category are synthetic token ave  and now token purp for instance on rv protocol  

if you stake your over on top of the protocol  you cannot withdraw your stake away as well  

instead you need to wait for 10 days after you  initiate a codon period that means that your  

token are effectively locked on the protocol until  the 10 days are over in the case of synthetics  

your staking reward will has has a vesting period  of one year that means that you cannot withdraw  

your sticking wall only after one year after you  have staked your synthetic token but how can you  

escape like a period like like the cooldown period  and the best imperial i previously mentioned  

in in the case of our way assuming you have 100  of a stake on our protocol what you can do is  

you can open a 100 other show position when you  think the price of other is really high or you  

just want to take profit and followingly you could  activate the cooldown period on other protocol  

so in this step you need to send out  transaction to notify the obvious smart  

contract to start the cooldown period then  after 10 days you just withdraw the previous  

previously state 100 rv and then sell in  on the markets like unit swap or binance  

and then subsequently close the 100  official position here are some nappy math  

assuming when you open 100 rv show position the  price of offer is 496 us dollar and then when  

you get away from the protocol update drops to  396 us dollar that means that your show position  

now makes a profit of 10 000 us dollar in  case you don't know how i calculate that  

i just use 100 ave multiplied by the differences  between open and closure and in the case of our  

show position the difference is 100 us dollar  so that means that this show position makes  

10 000 u.s dollar and then once you receive ave  in the third step you just sell it on the market  

which will get you 39 and 600 us dollar combined  together you could receive 49 600 us dollar which  

effectively means that you sold off it at 496 us  dollar despite at a time you do not have 100 of it  

additionally you could receive funding  payments from your show position  

in case you don't know how funding payment  payment works funny payment is a mechanism on the  

perpetual market not to incentivize people to take  the less popular site so during the bull market  

the least popular site is the show position which  is why our short rb position can receive funding  

payment and funding payment is calculated by  the positions value in us dollar multiplied  

by the current funding rate so let's so here's  how i calculate the funding payment in this case

so i use 496 usd which is the  beginning price of ave and then  

plus the 396 us dollar which is the end  price of ave then i divided by two because  

i use the average price then i multiply by  100 because we open a 100 hour show position  

then we multiply by 0.005 percent  which is the hourly funding rate  

in this case and then multiply by 24 hours  because uh live was uh 0.05 percent is hourly  

funding rate so let's let's make it a day and  then then multiply 10 because it's 10 days right  

so that's why people could in this case users  received 135 us dollar from the funding payments

so to recap here's our extra items for this tactic  

you need to open a show position with lock  amounts as the position size so which is why  

we open a 100 short rv position in the first step  and then then once the lock as they are released  

you just sell it as the other market and  simultaneously close the show position  

before knowing this tactic you probably would  sort of as 396 us dollar and complain about the  

like a period but right now you notice you  could sort of a as 496 us dollar despite  

at that time you do not have any of a and also  profit from the funding payment as well so nice  

that's all for today's mini workshop and we hope  you like it and if you like it please leave a like  

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and till next time i will see  you in the next workshop bye bye