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.
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Purchase NFT Backed by US Treasury Bills:
Mint wUSK:
Monitor the wUSK Price:
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.
Convert wUSK Back to NFT and Sell:
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:
Symmetric Composable Stable wUSK USDC - Find it here
Symmetric Weighted Pool wUSK sTLOS - Find it here
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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