For those trading Prep or Options, I recommend checking out @derivexyz(formerly known as Lyra Finance that we're familiar with).
If you're already trading, instead of doing it on CEX like Binance:
✅ Using Derive now gets you airdrop points.
✅ There's also an OP incentive.
Let's take a look at the Derive Airdrop:
💰🧧 Besides the airdrop, there's a promotion to reduce trading costs.
Step one, sign up here (ref) 👇https://derive.xyz/invite/9DNI6
First of all, for those who don't trade:
If we bridge assets in, we will get 1 point per $1 value per day.
(Don't forget to transfer money from the funding account > trading account to receive points)
Bonus 1️⃣
Trading also earns points.For every $1 in trading fees, you get 10,000 points.
And right now, we will get 10,000 OP to share based on the proportion of fees paid. ✅ This means you might profit from this or the fees could be lower.
So anyone trading on Binance should move everything here.
Bonus 2️⃣
If we trade with $100 in fees,both we and the inviter will each get 50 OP🔴
You’ll see that the fees are subsidized, plus you get free money if you trade.
This is FCFS, so register quickly here (ref) 👇https://derive.xyz/invite/9DNI6
Trading fees for makers are quite cheap, but takers have a minimum of $0.5, so try to be a maker.
✅ That means placing an order and waiting for someone to match it. Or you can go ahead without worrying about saving on fees since there's OP subsidization anyway (but I think it's better to save if possible).
Additionally, you can invite friends. If you do, you'll receive 20% of their points and 10%of their trading fees.
Contact me here:https://derive.xyz/invite/9DNI6
That’s a wrap for those looking to dive into Derive, one of the top apps on OPstack.
If the response is good, I’ll dive deeper into trading options next time.
They say shorting options is profitable, but how exactly? 👀
Enjoy this? follow for more at @gadgeteerth @0x_nanobro
