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Thanks for this comment. Sorry for my naive response. Which product exactly are you speaking about? Could you link to the product and/or exchange where "USDT
by TuringNYC 4y ago
Thanks for this comment.
Sorry for my naive response.
Which product exactly are you speaking about? Could you link to the product and/or exchange where "USDT perpetual futures" are traded? I can see BTCUSDT futures (but then, you're taking another risk on BTC itsself sinking), is there a way to short-USDT-long-fiatUSD?
- drexlspivey 4y agoThis one on FTX for example https://ftx.com/trade/USDT-PERP https://ftx.com/trade/USDT-PERP
- fjkdlsjflkds 4y ago1) Have some collateral (BTC, ETH, USDC, something you somewhat trust); 2) Use collateral to borrow 1M USDT from AAVE/Compound/whatever; 3) Trade 1M USDT for ~1M of some USD-stablecoin you trust (USDC?); 4) Wait for USDT to crash; 5) Buy 1M cheap USDT from decentralized exchanges (using the USDC you kept aside), which will cost you less than 1M USD; 6) Pay back loan (keeping the difference as profit) and get back your collateral.