DT (HVMTL) retweetledi
I doubled down on @hv_mtl and bought 120+ OTC. There was a whale that needed quick liquidity, so to protect the floor and my own bag I stepped in.
In this market I’m not really willing to take big risks, but this one actually felt easier to take.
The FP recently crashed because several whales didn’t like the lack of clarity around future mechanics or the raw responses from Gabriel. I see it a bit differently though. I actually like how Gabriel has been building for the community, and I align with the core values behind it, the roadmap to me is secondary. Also that deflationary aspect is something I really fuck with. Combined with Adam, who is literally one of the heroes of the space, it feels like a relatively safe bet to me. As I think the goodwill he’s building will eventually spill over into HV-MTL and neither do I have to say that funding will ever be an issue.
There’s also a reason why this trade isn’t as risky for me. I own a lot of Reavers, and when the FP goes up their ratio versus the floor gets worse while staying illiquid. It tells me the better move is to switch them into floors, but I have a hard time doing that mentally since I usually don’t like to look back once I sell.
In practical terms, if my thesis is wrong and we dump hard, I can sell my Reavers at a stronger ratio, which would force me to do the rotation. The floors I bought today effectively become part of that replacement, letting me rebalance without really ending up on the losing side. Honestly it’s more of a mental thing.
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