Kamikaze Cash
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DNA Farming Part 2: Shorting via AscendEX
🕑 Added 2025-05-27 17:38:23 +0000 UTCFirst 5:36 of video is a discussion on the circumstances of shorting perps. Main part of video begins at 5:37.
First 5:36 of video is a discussion on the circumstances of shorting perps. Main part of video begins at 5:37.
First 5:36 of video is a discussion on the circumstances of shorting perps.
Main part of video begins at 5:37.
AscendEX referral: https://ascendex.com/en/register?inviteCode=UGBZKHZIT
In Part 1, we opened up long ATOM positions in our Keplr wallets. This allows us to receive our APY for holding and makes us eligible for airdrops on the Cosmos network.
This is fine for those who are satisfied being exposed to price movements in ATOM. But most traders will want to be at least partially hedged so that our exposure is reduced without having to give up the APY on our longs or our eligibility for airdrops.
To open short positions, we will open perpetuals contracts, which are similar to futures contracts.
The risk: Perpetuals aren't available on major exchanges, so we need to go off-broadway to less reputable exchanges or VPN to outside the US.
With this in mind, we'll hedge our bets by using multiple platforms, such that if there is any real issue with one, we aren't entirely dependent on that platform.
This video will focus on AscendEX (previously BitMax), because it is the easiest platform to use.
Comments
Shaun Holyfield
following along but the kraken wait periods are absolutely brutal
Mikey Millions
Have you connected patreon to Discord? We are in the patreon-trades channel.
Riley Dravet
Is there a specific discord to talk about DNA Farming?
