Azrangar

@JupiterExchange @jup_lend $1 Billy next

USDe’s native yield just increased to 4% on @jup_lend. This means you can now currently loop your USDe for >30% APY. One of the most popular loops on the platform, with over $100M in deposits so far.

There are a few reasons as to why you would short sell (write) options: 1) Earn income (yield): with time-decay (known as "theta"). When selling an option, time works WITH you, not against you, unlike buyers. You literally profit from the option contract premiums losing value as it gets closer to the expiration date for that option. 2) Betting on stability: Options increase in value when markets are increasingly volatile. This is known as "Vega", which is an option greek that measures the change in option value for every 1% change in implied volatility (IV) of the underlying asset. When the asset you're trading options on starts to become more stable, you can imagine the time-decay on standstill option contracts. This actually was my primary strategy when I traded stock options: I would short sell options a day before earnings, and then after earnings news came out and everything is priced in; markets settle down, volatility drops, and option values decrease -- thus profiting my short option positions. 3) Hedging against speculative buyers (market making): Buyers might be hedging against their own portfolio or spot positions or they want to speculate on asset volatility, so they dont mind paying a small premium for the same exposure that a 100x perp might do, (except without the risk of instant liquidation). But this is where you come in as a short seller: You literally create that hedge position for them to buy. Obviously there are risks to this because maybe their hedge might prove correct which would leave you at a loss, but you have to remember that you have time (theta) on your side; meaning that if you are down -$ , you have time for the buyers position to go wrong. Now, as an option seller, you need to consider capital requirements (collateral in crypto sense). Sometimes a lot of collateral is needed to short sell an option, and that is because in crypto - we can't just "margin call" people. Positions need to be "covered" to some extent. I adressed this already in my previous posts on what Leveraged Option Writing looks like here: x.com/TheLazySol/sta… However, as a short seller, even though you need more capital to open the trade, the probability of profit (of greater than $0.01) is significantly higher than what a buyer might experience. Buyers are taking a "chance" to be correct. They pay small premiums for a chance to cash out big if they are right. Where as sellers "create" that "chance" for them. The best analogy I can think of is Car Insurance. When you pay for car insurance, youre hedging against exposed risk... such as a car accident, weather, personal liability, etc. Your insurance company collects a premium each month, or year depending on your plan — that right there is "Theta". So, unless you are committing insurance fraud, there is a "chance" someone my crash into you. And if that happens, you get paid out (in this case, a writers collateral). "Buying" options for an asset is like buying insurance plans that pay out if you are right or wrong. "Writing" (short selling) options for an asset is like being the "house", or the insurance company that collects the premium and has the obligation to cough up the money if the buyer was positive on their trade. Below is a screenshot of options I sold on @epicentral_ , most of them are expiring tomorrow, most of them are profitable already. **This is not financial advice, short selling options have high collateral requirements and can be high risk if not taking market conditions into consideration.**

@ClaudeDevs All thanks to DeepSeek

Claude Code weekly limits are increasing 50%, now through July 13. Live now for all Pro, Max, Team, and seat-based Enterprise users.

@jup_mobile 👀

Tomorrow is the big day 🤫

@JupiterExchange @Bitwise @ethena Onchain everything

We just onboarded a multi-billion-dollar crypto asset manager to deploy an institutional-grade lending market. @Bitwise is now curating an @ethena market on Jupiter Lend. A turning point for on-chain lending 👇

@TheLazySol @epicentral_ @colosseum It's our time now.

3rd time's the charm 🍀 Wish @epicentral_ some good luck:

@JupiterExchange @tritonpoker @xxl23 How exactly does this work?

Introducing Jupiter Poker, a brand new staking platform by Jupiter Two of the most decorated players on the tour, both @tritonpoker title winners are doing something they've never done before. Selling action on a platform built from the ground up for pro poker. Xuan Liu @xxl23 First woman to ever win a Triton Super High Roller Series title. PCA Main Event final tablist. $3.25M+ in lifetime earnings. She's selling pieces of her Montenegro run via the platform. Danny Tang @DannyTang2 $34M+ in live earnings. WSOP bracelet. 5x Triton champion. The 2024 Ivan Leow Player of the Year. Hong Kong's most decorated active player is on the platform from day one.

@TheLazySol Options season is here.

Ever heard of Leveraged Option Writing? Option contracts **need** collateral. Otherwise, you're trading an arbitrary contract that has no value behind it. You can't call a derivative a "derivative" if it doesn't derive from anything. Hence why options have always had a liquidity crisis. Since 1 option contract represents 100x of the underlying, A LOT of collateral is needed for one contract. For example if you're a market maker, selling/shorting options, you'd need 100 SOL/BTC/META (or whatever it is you want to trade) for every option contract. That is unrealistic and way too expensive. However, what is realistic is static liquidity. Meaning that there are lenders and liquidity providers patiently waiting to earn yield on their sitting assets.... So going back to pretending you're a market maker: what if instead of providing 100x of the underlying asset to short/create an option contract, you just provide a fraction of it while borrowing the rest needed to cover the trade? You can with @epicentral_: Right now, you can create an option contract on $SOL, provide only 1/10th of the collateral needed to open the trade, and start earning that sweet sweet Theta (time decay yield)💰 In the screenshot, Im providing 4.8 SOL in collateral for an option while borrowing the rest. As long as my daily interest is less than the premium that I earn from Theta, I would be profitable on my position. The best part: The borrow rate is fixed/locked when you borrow... that way you aren't exposed to variable interest rates. Just like Economics 101 class, when rates are low, its cheaper to borrow, and more profitable for option sellers (market makers). There are many ways to play around with this, and eventually with different collateral types, etc. Give it a try on beta.epicentral.markets ~ comment if you need an invite-only access code 👇

Yeah @phantom UI has fallen and the mobile app is still horrendous. Most of the rev comes from Solana, yet they chose hyperliquid for their perps. The team at Phantom is clearly overconfident on their sticky power. It was actually my favourite wallet at one point but now @jup_mobile is my go to.

Phantom made $240M in revenue on SOL swaps And only $6M from EVM So 98% of revenue comes from Solana But they went multichain anyway, made the UI and usability worse A lot of people switched to @solflare and @jup_mobile Just Solana was the way the whole time

@TheLazySol @ExponentFinance Exponent x Epicentral 👀

Someone accept my Exponent V2 application — pls and thanks. I have money. @ExponentFinance

@JUPCommunity @9yointern Let's go Mei

Tomorrow's guest: @9yointern from Jupiter VRFD, the public trust stack behind every verified token on Jupiter. Organic scores, smart likes, and a set of signals making token trust on Solana finally make sense. Drop your questions below and catch the full episode when it goes live! 🔔 11:00 AM UTC, May 12

Perps traders can now hedge their trades. LP can hedge their impermanent loss. Options are here baby

@marinonchain This is not a pump

Ngl, after all the FUD $JUP has had to endure over the past year, it feels good seeing it pump like this again 🪐 While we can all agree missing out on the Jupuary airdrop sucked big time. If that’s the price we have to pay to strengthen the token behind Solana’s SuperApp long-term Then that’s a price I’m willing to pay. Now let’s hope this turns into a sustained long-term rally.

xStocks are LIVE on Jupiter Lend. Earn xPoints and Rewards, with a 92% lower borrow rate than other lending platforms.

@JupiterExchange Is the execution better?

Switch to Limit Order V2+ today The most intuitive and advanced limit order system onchain. - Set Limits in USD or MC: No more confusing pool ratios or manual conversions. - Stop Loss, fixed: Set a sell below market. V2+ holds it until the target price. - Set & Forget TP + SL on the same position: When either triggers, the other cancels automatically. - Private by Default: Orders are kept off-chain to block frontrunning. Because who needs a CEX when there's Jupiter onchain