440 sats \ 6 replies \ @poe 11 Jul 2023 freebie \ on: We are the co-founders of Atomic.Finance, AMA. (Non-custodial BTC yield) bitcoin
What is the end goal of the team?
Do you ever plan to offer this service for other coins?
How can we mitigate the impact of high fees during network congestion?
Why covered calls?
What other strategies are there in the loop?
Is the app going to get complicated to use once you add more strategies and everything gets more sophisticated?
When Andriod?
When Moon?
LOVE YOU GUYS! thanks for the great work you put out there for us!!!!
What other strategies are there in the loop? Hedging strategies (hedge price downside), bi-directional strategies (short put and short call). Maybe some long call / long put Strats.
Is the app going to get complicated to use once you add more strategies and everything gets more sophisticated? I certainly hope not! I'm a big fan of simplicity and we spend a lot of time trying to make sure the onboarding experience is as simple as possible for folks.
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Why covered calls? We chose covered calls first because we felt like they offer a good + conservative balance of risk / reward vs other strategies like short puts (especially considering BTC's occasional propensity to have serious 20+% black swan dump days)
But certainly interested in being able to launch additional strategies in the future.
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No plans to offer this service for other coins.
Mitigating high fees: We have some longer term solutions around moving to DLCs on LN! Short term: we could consider increasing the length of each DLC cycle. (rather than an on-chain tx each month, moving to one every 2 months for example)
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End goal: build a one stop shop where Bitcoiners have the financial tools to do more with their BTC - whether it's earning a return / getting a line of credit / hedging downside risk. And be able to do all that in a non-custodial + self sovereign and fully transparent manner, with the help of BTC's native tech like DLCs / LN
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Re: Android
Yes, we plan to make Atomic.Finance available on Android one day. Unfortunately no ETA at the moment. We're still pretty focussed on iterating the iOS version currently and improving that first!
However, if you have an iPad or M-series MacBook by chance, you'll still be able to use it 🤙
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Re: Moon
No plans for a token ever! Moon for us means ATH TVL in DLCs!!! or Bitcoin ATH 😄 (so Bitcoin going to a million by 2030 right...? or am I too bearish 😂 )
Also tyty for the kind words 🙏 !
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