We’ve never seen a bigcap stock chart so perfect for liquidity pooling (i.e. market-making) onchain. Let us tell you why:

BP's shares:

Stay in a massive range --> which lowers potential for impermanent loss
Are beautifully volatile, in part due to and unpredictable effects of oil price --> which means lots of potential to harvest trading fees within that wide range
New CEO coming in so plenty of cause for trading activity in anticipation --> more trades = more fees

How we’d do it:

- Mint the xStocks from Kraken or pick it up on chain directly (when it's available - it's not today but watch socials)

- Plug it into a Raydium Protocol or PancakeSwap liquidity pool on Solana or BNB Chain

- Concentrate the range to +/-5% and expand to +/-10% around earnings, options expiry and into geopolitical events affecting oil (for example, BP's biggest move in the past couple of years is around 10% last occurring during 2024 earnings season)

We’re confident in taking home phenomenal yields in the early days beyond BP's (current) ~4% dividend yield as liquidity builds up.

What are the risks?

- the new energy strategy breaks it away from the cyclicality of oil and the stock breaks out of range (I'll be more vigilant as the stock reaches the extremities of its historical range)

- the new incoming CEO kills it (or is badly perceived) and again, it breaks out of range (I have alerts set up to warn me of news driving major volatility, prescreened for relevance)

- I can't move fast enough to shift the focus of my market making range when the share price moves significantly and I may some impermanent losses that compound (I'm automating my processes and set up to adjust the position hour by hour or even tick by tick if needed)

- Something terrible happens to the DeFi protocols I'm depending on to (always a risk to I diversify my exposure and keep a watchful eye on the relevant news)

- Volatility subsides and/or trading activity dries up on chain (I'm betting long term so I can bear with it)

No idea what we’re talking about but salivating over the idea of megacaps with incredible yields attached?

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