Share a short-term arbitrage opportunity
The L0 Foundation @LayerZero_Fndn has pre-released a proposal to acquire STG @StargateFinance, exchanging all STG tokens for ZRO.
If the proposal passes, each STG token can be exchanged for 0.08634 ZRO through a fixed exchange rate contract.
According to the Binance spot ratio, there is about a 5-10 point arbitrage space. The proposal will be discussed for 7 days and voted on for 3 days, and the profits are still quite substantial. However, the liquidity for this small token is very poor, so I went directly to the contract. I opened a position last night, and by this morning, the price difference had narrowed a bit, so I closed it.
There are still 8 days left, so keep an eye on it. If the price difference widens again, you can continue to open positions.
Proposal link:
Show original
4.09K
20
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.