With the increasing demand for wrapped USK (wUSK), the price may depeg, creating a lucrative opportunity for investors. Here's a step-by-step guide on profiting from this situation through arbitrage while supporting the stability of the wUSK peg.

Step-by-Step Guide:

1. Get onboarded at https://onboard.mimo.capital/

2. Purchase NFT Backed by US Treasury Bills:

   • Start by purchasing an NFT from Mimo Capital AG, which is backed by US Treasury Bills. This NFT serves as your key to minting wUSK. (minimum $100k purchase).

3. Mint wUSK:

   • Use your newly acquired NFT to mint wUSK on the KUMA dApp. This process allows you to mint wrapped USK tokens that can be used for trading and liquidity provision.

4. Monitor the wUSK Price:

   • Keep an eye on the wUSK market. If the price of wUSK is higher than the peg, it indicates high demand and an opportunity for profitable arbitrage.

5. Sell or Buy wUSK Based on the Market:

   • If the Price is Higher than the Peg: Sell your wUSK tokens to take advantage of the higher price.

   • If the Price is Below the Peg: Buy wUSK tokens to help return the price to the peg. This action supports market stability and can lead to profitable arbitrage when the price corrects.

6. Convert wUSK Back to NFT and Sell:

   • Once you are satisfied with the arbitrage profits, you can convert your wUSK back to the KUMA NFT. You can then sell this NFT back by reaching Mimo Capital AG by mail at tokenization@mimo.capital

Benefits of Arbitrage on Telos:

• Profit from Price Discrepancies: Take advantage of price variations to buy low and sell high, maximizing your returns.

• Support Market Stability: By engaging in arbitrage, you help stabilize the wUSK peg, benefiting the broader ecosystem.

• Profit from the incentives: Take advantage of the rewards in various tokens from the different pools with wUSK.

At the moment of writing, there are two pools on Telos:

1. Symmetric Composable Stable wUSK USDC - Find it here

2. Symmetric Weighted Pool wUSK sTLOS - Find it here

Conclusion

By following these steps, you can effectively profit from wUSK depegging due to high demand while contributing to market stability. This opportunity is ideal for market makers and investors with $100k seeking profitable arbitrage on Telos. Join us in maintaining the stability of wUSK and enjoy the financial benefits that come with it.

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