We’ve teamed up with the chads at Pear Protocol for our second Stake Surge to distribute 0.1% of the PEAR supply (1,000,000 PEAR) to WOO stakers. Pair trading is one of the lesser-known, yet most powerful strategies in a trader’s arsenal, and we’re here to make you an ex-peart!

Pear Protocol is a DeFi platform, on Arbitrum, supporting onchain pair trading with leverage, enabling users to take both long and short positions in a single transaction. For example, you can take a long position in Bitcoin (BTC) while shorting Ethereum (ETH) in one transaction, all while keeping custody of your assets onchain. Pretty neat, don't you think?

I know what you're thinking anon, ‘why would I pair trade when I can just giga long, or giga short?’ One answer: versatility. The beauty of pair trading lies in the fact that it’s effective in pretty much any market condition, no matter whether prices are going up, down, or sideways. Let’s look at some examples.

For argument’s sake, let's say that you believe the local top for Bitcoin is in, and that there is about to be a rotation from BTC into alts. In this scenario, we want to short on BTC and long ETH.

In an ideal world BTC cools off and ETH pumps, causing the spread between the two to widen, creating maximum profit for us. Let’s imagine however that due to bullish conditions, both coins catch a bid and one week later BTC is up 10%, with ETH up 15%. Since ETH has outperformed BTC, we would be in 5% profit (or 50% with 10x leverage), whereas if we had chosen to just short BTC instead, we would be down 10%.

Now let’s reverse the scenario. After we’ve opened our position, imagine that news of war breaking out in another part of the world has unexpectedly caused the markets to nuke. Both BTC and ETH experience sell-offs, with BTC down 9% and ETH down 5%. Despite both coins being down in price, since BTC is down 4% more than ETH, we’re still up 4%, or 40% if we were trading with 10x leverage.

It’s equally possible that no volatility unfolds, and the market just decides to crab. Two weeks later we find that both coins have barely moved, with BTC up by 1%, and ETH up by 2%. In this situation, with 10x leverage, pair trading would have gained us +10% in otherwise benign and boring market conditions. The takeaway is clear: there is always money to be made by pair trading regardless of what’s happening in the broader market.

PEAR stakers earn 80% of all net fees from the platform, paid in ETH. Other benefits include reduced fees and even fee rebates. Here’s an illustration of how it works:

Want to snag a slice of PEAR?

You’ll need a base staking score which requires 1800 staked WOO.

The more staked WOO and XP you have, the higher your score. Snapshots of staked WOO and XP will be taken each day so if you want to increase your daily average staking score during the Stake Surge - you can.

You have the option to complete 2 tasks.

Doing so will activate multipliers that boost your Surge Score and get you more PEAR. For this particular Stake Surge, your 2 tasks are:

1. Stake $25 of PEAR (1.3x multiplier)

2. Trade $1,000 volume on Pear Protocol’s intent-based engine (1.3x multiplier)

Your Surge score =  Daily average staking score * Multiplier 1 * Multiplier 2

Please note:

• Each task only needs to be completed once

• Volume and PEAR staked from before the Stake Surge won’t count

• Volume must be achieved using Pear Protocol’s intent-based engine (which will also qualify you for the SYMM airdrop)

Stake Surge: Pear Protocol ends December 21st, after which you’ll have until January 4th to step forward and claim your PEAR.

Not already staked? It’s not too late. Head over to WOOFi Stake now and make sure you get a share of our 1,000,000 PEAR airdrop. For more details on how to stake, simply follow the steps in our guide.

_____________________________________________________________________________

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

We strongly recommend that you seek independent advice from a qualified professional before making any decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

Nothing in this article or any related content shall be construed to create or suggest the existence of a partnership, joint venture, agency relationship, or any form of legal association between WOOFi and Pear Garden. Each party is an independent entity, acting solely in its own capacity, and is responsible for its own actions, decisions, and associated risks. The collaboration mentioned does not imply any form of shared liability or financial obligation, and each party will bear its own risks and responsibilities. Furthermore, this article should not be interpreted as providing any guarantees regarding the outcome of any business ventures or collaborations mentioned, nor shall be an indication of guaranteed success or profitability for either WOOFi or Pear Garden, or any of their business partners.

Cryptocurrencies involve significant risk and are not suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any investment activities. We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

We’ve teamed up with the chads at Pear Protocol for our second Stake Surge to distribute 0.1% of the PEAR supply (1,000,000 PEAR) to WOO stakers. Pair trading is one of the lesser-known, yet most powerful strategies in a trader’s arsenal, and we’re here to make you an ex-peart!

Pear Protocol is a DeFi platform, on Arbitrum, supporting onchain pair trading with leverage, enabling users to take both long and short positions in a single transaction. For example, you can take a long position in Bitcoin (BTC) while shorting Ethereum (ETH) in one transaction, all while keeping custody of your assets onchain. Pretty neat, don't you think?

I know what you're thinking anon, ‘why would I pair trade when I can just giga long, or giga short?’ One answer: versatility. The beauty of pair trading lies in the fact that it’s effective in pretty much any market condition, no matter whether prices are going up, down, or sideways. Let’s look at some examples.

For argument’s sake, let's say that you believe the local top for Bitcoin is in, and that there is about to be a rotation from BTC into alts. In this scenario, we want to short on BTC and long ETH.

In an ideal world BTC cools off and ETH pumps, causing the spread between the two to widen, creating maximum profit for us. Let’s imagine however that due to bullish conditions, both coins catch a bid and one week later BTC is up 10%, with ETH up 15%. Since ETH has outperformed BTC, we would be in 5% profit (or 50% with 10x leverage), whereas if we had chosen to just short BTC instead, we would be down 10%.

Now let’s reverse the scenario. After we’ve opened our position, imagine that news of war breaking out in another part of the world has unexpectedly caused the markets to nuke. Both BTC and ETH experience sell-offs, with BTC down 9% and ETH down 5%. Despite both coins being down in price, since BTC is down 4% more than ETH, we’re still up 4%, or 40% if we were trading with 10x leverage.

It’s equally possible that no volatility unfolds, and the market just decides to crab. Two weeks later we find that both coins have barely moved, with BTC up by 1%, and ETH up by 2%. In this situation, with 10x leverage, pair trading would have gained us +10% in otherwise benign and boring market conditions. The takeaway is clear: there is always money to be made by pair trading regardless of what’s happening in the broader market.

PEAR stakers earn 80% of all net fees from the platform, paid in ETH. Other benefits include reduced fees and even fee rebates. Here’s an illustration of how it works:

Want to snag a slice of PEAR?

You’ll need a base staking score which requires 1800 staked WOO.

The more staked WOO and XP you have, the higher your score. Snapshots of staked WOO and XP will be taken each day so if you want to increase your daily average staking score during the Stake Surge - you can.

You have the option to complete 2 tasks.

Doing so will activate multipliers that boost your Surge Score and get you more PEAR. For this particular Stake Surge, your 2 tasks are:

1. Stake $25 of PEAR (1.3x multiplier)

2. Trade $1,000 volume on Pear Protocol’s intent-based engine (1.3x multiplier)

Your Surge score =  Daily average staking score * Multiplier 1 * Multiplier 2

Please note:

• Each task only needs to be completed once

• Volume and PEAR staked from before the Stake Surge won’t count

• Volume must be achieved using Pear Protocol’s intent-based engine (which will also qualify you for the SYMM airdrop)

Stake Surge: Pear Protocol ends December 21st, after which you’ll have until January 4th to step forward and claim your PEAR.

Not already staked? It’s not too late. Head over to WOOFi Stake now and make sure you get a share of our 1,000,000 PEAR airdrop. For more details on how to stake, simply follow the steps in our guide.

_____________________________________________________________________________

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

We strongly recommend that you seek independent advice from a qualified professional before making any decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

Nothing in this article or any related content shall be construed to create or suggest the existence of a partnership, joint venture, agency relationship, or any form of legal association between WOOFi and Pear Garden. Each party is an independent entity, acting solely in its own capacity, and is responsible for its own actions, decisions, and associated risks. The collaboration mentioned does not imply any form of shared liability or financial obligation, and each party will bear its own risks and responsibilities. Furthermore, this article should not be interpreted as providing any guarantees regarding the outcome of any business ventures or collaborations mentioned, nor shall be an indication of guaranteed success or profitability for either WOOFi or Pear Garden, or any of their business partners.

Cryptocurrencies involve significant risk and are not suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any investment activities. We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.