02-03-2022, 05:09 PM
I recently acquired 80,000 ETH for a very, very good price, and now I don't know wha
<!-- SC_OFF --><div class="md"><p>Yesterday, I was doing some good old arbitrage trading between Solana and Ethereum, and I managed to get my hands on 80,000 ETH for a really low price - so low, in fact, that you wouldn't believe me if I told you how I pulled off this deal.</p> <p>Now I don't know what to do with all this ETH. It's worth approximately 250 millions USD, which is not bad, if you ask me. Should I stake it all and get the 4% rewards? This way I would get passive income, something like 10 millions USD/year, which is theoritically enough for my family to live a comfortable life. </p> <p>Also, by staking, I would be contributing to the security of the blockchain, which is a big plus for me - I wanna do my part!</p> <p>But is this the best course of action for me?</p> <p>I also thought about getting into liquidity pools, <strong>but I am afraid of smart contract risks</strong>. What if I put all my ETH into a LP on Solana, and then some asshole comes and drain the contract? I worked very hard for this ETH, that would suck. And there's also the risk of impermanent loss - what if my ETH on Solana decoupled from the ETH on mainnet?</p> <p>Anyway, thanks everyone, and I look forward to read your ideas.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/busterrulezzz"> /u/busterrulezzz </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjk2i0/i_recently_acquired_80000_eth_for_a_very_very/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjk2i0/i_recently_acquired_80000_eth_for_a_very_very/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Yesterday, I was doing some good old arbitrage trading between Solana and Ethereum, and I managed to get my hands on 80,000 ETH for a really low price - so low, in fact, that you wouldn't believe me if I told you how I pulled off this deal.</p> <p>Now I don't know what to do with all this ETH. It's worth approximately 250 millions USD, which is not bad, if you ask me. Should I stake it all and get the 4% rewards? This way I would get passive income, something like 10 millions USD/year, which is theoritically enough for my family to live a comfortable life. </p> <p>Also, by staking, I would be contributing to the security of the blockchain, which is a big plus for me - I wanna do my part!</p> <p>But is this the best course of action for me?</p> <p>I also thought about getting into liquidity pools, <strong>but I am afraid of smart contract risks</strong>. What if I put all my ETH into a LP on Solana, and then some asshole comes and drain the contract? I worked very hard for this ETH, that would suck. And there's also the risk of impermanent loss - what if my ETH on Solana decoupled from the ETH on mainnet?</p> <p>Anyway, thanks everyone, and I look forward to read your ideas.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/busterrulezzz"> /u/busterrulezzz </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjk2i0/i_recently_acquired_80000_eth_for_a_very_very/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sjk2i0/i_recently_acquired_80000_eth_for_a_very_very/">[comments]</a></span>Kind Regards R