for us this layer 2 eth dex is very empowering... we can now do swaps quickly n cheaply, while getting our money on _(for 15 to 50 depending on wei so plan that accordingly also must have 200 usd or set amount of zks i forget how many to play or activate dex) n off _( only 5 usd in whatever token u r dropping back to L1) Now we dont have to sit there helplessly as our small alt positions re trace. we can scalp take profits whatever for usually under 1usd and whatever the spread is to move the market but deeper the liquidity closer to real price u get. (ie swaping zks to eth u get almost no slippage. you can trade back n forth all day n only loose a few buck when the market is flat but shallow liquidity each trade will make the pool more lopsided is kinda how it works) anywazzz v2 is here n zks is close to the bottom _support at around .60 .80 n .97 1usd so scalp accordingly and buy dem dips.
_the whole point of this post is how to protect profits without swapping out of the asset completely. Example. we have zks profits from heavy accumulation at .60s n .80s with some 90 to 1usd n a bit at 1.10 to 1.15 _ya we all f#ck up now n then smilez_ so if market is in a downturn but u dont want to completely exit _we swap to usdt and match it like 500 n 500 worth of zks. This will almost act as an ETF or "basket" of assets, balancing out your risk while getting a few bucks from dex swap fees. This can be done with eth zks eth usdt eth wbtc really whatever
some recent news for zks is the v2 deployment while working on basically a eth to binance smart chain or BSC bridge for swapping and most importantly quick _cheap _ cross chain transfers with eth's biggest rivals... this exists now but not in a user friendly and whale friendly way. goal here is to intagrate with every decentralized etc active blockchain like avax matic bsc who know maybe ada but doubt that ... then launch on centralized exchanges like OKG HOibi etc _HGM OUT
_the whole point of this post is how to protect profits without swapping out of the asset completely. Example. we have zks profits from heavy accumulation at .60s n .80s with some 90 to 1usd n a bit at 1.10 to 1.15 _ya we all f#ck up now n then smilez_ so if market is in a downturn but u dont want to completely exit _we swap to usdt and match it like 500 n 500 worth of zks. This will almost act as an ETF or "basket" of assets, balancing out your risk while getting a few bucks from dex swap fees. This can be done with eth zks eth usdt eth wbtc really whatever
some recent news for zks is the v2 deployment while working on basically a eth to binance smart chain or BSC bridge for swapping and most importantly quick _cheap _ cross chain transfers with eth's biggest rivals... this exists now but not in a user friendly and whale friendly way. goal here is to intagrate with every decentralized etc active blockchain like avax matic bsc who know maybe ada but doubt that ... then launch on centralized exchanges like OKG HOibi etc _HGM OUT