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Swaption - Bitcoin Trading Platform swaption.io/

10k sats \ 114 comments \ @BlokchainB 3 Mar Stacker_Stocks

The SideSwap team has delivered a new degen product that uses L-BTC and Liquid Tether to bet on the Bitcoin price.

I had to give it a shot and it worked fairly easy

Liquid is a dead chain but this might bring more activity to liquid as people love to degen.

The FAQs are here

I know some maxis think liquid is a shitcoin but I like the design and the services it offers now plus this SideSwap team makes it extremely easy to peg in and out and interact with the liquid network.

Trade at your own risk

view all related items

1 sat \ 0 replies \ @BlokchainB OP 5h

Hedge and a guess

137 sats \ 3 replies \ @SwapMarket 8 Jun

Total degen stuff. Win/lose is 50/50 probability. But if you win, you gain 80% - 5% fee = 75%, and if you lose: -100%. Your expected P&L = -12.5%. For a dealer it is positive: (+95% gain vs -80% loss) / 2 = +7.5%.

Liquid is a very useful chain to pegin 'tainted' BTC UTXOs if you need to off-ramp to fiat.

1 sat \ 2 replies \ @BlokchainB OP 8 Jun

Yeah the risk reward is terrible! Why I just do it for fun haha but it did work as my LN markets hedge as the market fell. I don’t think you pay a funding fee when doing a trade

1 sat \ 1 reply \ @Lobotomite 13 Jun

In theory, if the win/lose is 50/50 could you employ a martingale betting strategy to improve the odds? It seems like it would work with a 75% payout. Granted the martingale strategy has a chance of getting extremely out of hand since it doubles the bet on every loss, and i'd imagine you would run into liquidity issues on that market if the bet got too big.

Absolute degeneracy, great stuff.

1 sat \ 0 replies \ @SwapMarket 1h

could you employ a martingale betting strategy to improve the odds

No. This strategy can never work, because your capacity to increase the bets is limited. Casino always win.

1 sat \ 0 replies \ @BlokchainB OP 20 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 19 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 18 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 17 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 16 Jun

Hedge and a Guess:

1 sat \ 0 replies \ @BlokchainB OP 15 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 14 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 13 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 12 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 11 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 10 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 9 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 8 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 7 Jun

Hedge and a guess:

1 sat \ 0 replies \ @BlokchainB OP 6 Jun

Hedge and a guess:

116 sats \ 1 reply \ @adlai 4 Jun

first of all thank you for actually describing the site in your text, beyond just a hook and a link

... it sounds like "trading" is the wrong word, and it is more accurately described as an exotic binary bet of some sort?

I generally don't use any of these myself, although they are part of the generalized market because the site always needs to hedge its position, due to not having direct control over how any of the past or future customers will bet.

1 sat \ 0 replies \ @BlokchainB OP 4 Jun

Yeah it’s a proof on concept.

1 sat \ 0 replies \ @BlokchainB OP 5 Jun

Hedge and a guess:

1 sat \ 0 replies \ @BlokchainB OP 4 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 3 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 2 Jun

Hedge hits!

Back at it hedge and a guess:

1 sat \ 0 replies \ @BlokchainB OP 1 Jun

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 31 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 30 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 29 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 28 May

More of my hedges closed due to this recent dip. Opening another with a guess to the upside

1 sat \ 0 replies \ @BlokchainB OP 27 May

Hedge and a Guess

1 sat \ 0 replies \ @BlokchainB OP 26 May

Hedge 1% and hedge 3% and a guess

1 sat \ 0 replies \ @BlokchainB OP 25 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 24 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 23 May

Hedges hit! Thanks to this dump

Back at it. Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 22 May

Hedge and a Guess

1 sat \ 0 replies \ @BlokchainB OP 21 May

Hedge and. Guess

1 sat \ 0 replies \ @BlokchainB OP 20 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 19 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 18 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 17 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 16 May

New hedges and a guess

1 sat \ 0 replies \ @BlokchainB OP 16 May

Hedges paid out!

1 sat \ 0 replies \ @BlokchainB OP 15 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 14 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 13 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 12 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 11 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 10 May

Hedge and a Guess

1 sat \ 0 replies \ @BlokchainB OP 9 May

Hedge and guess

1 sat \ 0 replies \ @BlokchainB OP 8 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 7 May

Hedge and a Guess

1 sat \ 0 replies \ @BlokchainB OP 6 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 5 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 4 May

Hedge and Guess

1 sat \ 0 replies \ @BlokchainB OP 3 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 2 May

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 1 May

Hedge and a Guess

1 sat \ 0 replies \ @BlokchainB OP 30 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 29 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 28 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 27 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 26 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 25 Apr

Hedge and a Guess

1 sat \ 0 replies \ @BlokchainB OP 24 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 23 Apr

Hedge and a guess:

1 sat \ 0 replies \ @BlokchainB OP 22 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 21 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 20 Apr

Hedge and a Guess

1 sat \ 0 replies \ @BlokchainB OP 19 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 18 Apr

Hedge and a pump

1 sat \ 0 replies \ @BlokchainB OP 17 Apr

Same ol! Let’s go!

1 sat \ 0 replies \ @BlokchainB OP 16 Apr

Hedge and a guess up!

1 sat \ 0 replies \ @BlokchainB OP 15 Apr

Hedge and a bet

1 sat \ 0 replies \ @BlokchainB OP 14 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 13 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 12 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 11 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 10 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 9 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 8 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 7 Apr

Here we goooo!

1 sat \ 0 replies \ @BlokchainB OP 6 Apr

Hedges got blown out last night but back at it with a new one and a guess (which I been hitting!)

1 sat \ 0 replies \ @BlokchainB OP 5 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 4 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 3 Apr

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 2 Apr

Hedge and a bet !

1 sat \ 0 replies \ @BlokchainB OP 1 Apr

Took a while to confirm the guess! Price is moving!

1 sat \ 0 replies \ @BlokchainB OP 31 Mar

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 30 Mar

Hedges are still alive. Early morning pump guess

1 sat \ 0 replies \ @BlokchainB OP 29 Mar

Another hedge and a guess:

1 sat \ 0 replies \ @BlokchainB OP 27 Mar

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 26 Mar

Price feed was down yesterday so no positions. Today back at it a hedge and a guess higher

1 sat \ 0 replies \ @BlokchainB OP 24 Mar

Bullish with a hedge:

1 sat \ 0 replies \ @BlokchainB OP 23 Mar

Bearish today

Hedge is in!

1 sat \ 0 replies \ @BlokchainB OP 22 Mar

Bearish Morning

1 sat \ 0 replies \ @BlokchainB OP 21 Mar

Hedge and a guess

1 sat \ 0 replies \ @BlokchainB OP 20 Mar

Every day is swap life

1 sat \ 0 replies \ @BlokchainB OP 19 Mar

Back at it!

1 sat \ 0 replies \ @BlokchainB OP 18 Mar

Hedge!!

1 sat \ 0 replies \ @BlokchainB OP 17 Mar

A hedge and a bet

1 sat \ 0 replies \ @BlokchainB OP 16 Mar

Hedge and a bet

1 sat \ 0 replies \ @BlokchainB OP 15 Mar

I think my hedges are too wide need to tighten

Also another guess of the price one hour from now

1 sat \ 0 replies \ @BlokchainB OP 14 Mar

Hedge is in!!
Plus a tiny bet on price 1+ from now

1 sat \ 0 replies \ @BlokchainB OP 13 Mar

👀

1 sat \ 0 replies \ @BlokchainB OP 12 Mar

Hedge

1 sat \ 0 replies \ @BlokchainB OP 11 Mar

Having fun

1 sat \ 0 replies \ @BlokchainB OP 10 Mar

The hedge is in

1 sat \ 0 replies \ @BlokchainB OP 9 Mar

New high low and a bear hedge

1 sat \ 0 replies \ @BlokchainB OP 8 Mar

Opened a new hedge

Goal here is to offset the losses on Ln markets

If my LN market trades get stop loss out then the hedge on this platform should kick in