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The Season 3 Airdrop of $BASED is now available to claim.
The tokens you receive go directly to Stake (automatic staking). If you want to withdraw the capital or the tokens, you need to do an Unstake, which has a 3-day waiting period.
In my case, I got 1.738 tokens. At the current price, this amounts to $176.
Since the Unstake takes 3 days and there’s a risk of the price dropping during that time, I took a precaution: I opened a hedge Short on the Hyena platform for the BASED/USDe pair with 1x leverage.
This way, if the price of BASED drops during the 3 days, the profits from the short will offset the loss in the value of the tokens.
However, be careful: if the price rises too much, there’s a risk of short liquidation.
Hyena link: app.hyena.trade/ref/DRAGONCRIP
#BASED #Airdrop #CryptoStakin g #HyenaTrade
The tokens you receive go directly to Stake (automatic staking). If you want to withdraw the capital or the tokens, you need to do an Unstake, which has a 3-day waiting period.
In my case, I got 1.738 tokens. At the current price, this amounts to $176.
Since the Unstake takes 3 days and there’s a risk of the price dropping during that time, I took a precaution: I opened a hedge Short on the Hyena platform for the BASED/USDe pair with 1x leverage.
This way, if the price of BASED drops during the 3 days, the profits from the short will offset the loss in the value of the tokens.
However, be careful: if the price rises too much, there’s a risk of short liquidation.
Hyena link: app.hyena.trade/ref/DRAGONCRIP
#BASED #Airdrop #CryptoStakin g #HyenaTrade
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