Flynt Finance, an up-and-coming cryptocurrency wealth management platform, has introduced a new investment strategy that has caught the attention of many investors. The USDC delta neutral strategy is a unique approach that uses GMX’s GLP, a decentralized cryptocurrency derivatives exchange’s liquidity pool, to provide a stable source of income while neutralizing the exposure to price changes of underlying assets. The strategy is able to do this by earning high returns through the fees generated from the exchange.
The GMX platform has experienced rapid growth, with a trading volume of over $70 billion and traders can use leverage of up to 50x. Additionally, the GLP pool, which earns 70% of the exchange’s fees from swaps, lending, and liquidation, has recently paid out an annual percentage rate (APR) of 31.99% to the liquidity contributors. This makes it an attractive option for long-term investors. However, simply staking GLP will open the investor up to fluctuations in price, like an ETF. Flynt’s strategy neutralizes these fluctuations using futures and extracts these fees for their users.
Flynt’s strategy has been thoroughly backtested and results have shown that it has the potential for high returns. In one specific management setting, it recorded high returns reaching up to 23.43% APY despite lower volumes during the sustained bear market. Live results have also been consistent with the backtests and the Total Value Locked (TVL) has increased by over 112% since inception. This is great news for investors looking to diversify their cryptocurrency portfolios while remaining in the crypto space and offers a valuable addition to the current investment options available in the industry.
Flynt Finance is well-known for its commitment to transparency and security in its operations. The platform releases proof-of-funds on a weekly basis and the trades of the operated strategies to ensure investors are clearly informed of the allocation of funds. The company also employs advanced security measures, such as two-factor authentication and cold storage, to protect clients’ funds. This is comforting for investors who are concerned about the security of their investments.
With that said, Flynt Finance’s new USDC delta neutral strategy is a smart choice for investors looking to diversify their cryptocurrency portfolios while remaining in the crypto space. With its potential for high returns and its commitment to transparency and security, it is definitely worth considering for any investor looking to expand their portfolio.
As the CEO of Flynt Finance, David, said, “Our goal is to maximize profits for our users in a safe and transparent way.” It looks like Flynt Finance is well on its way to achieving that goal.