2025-12-08 15:26:21

I tried putting KITE into a 7-day fixed-term plan with an advertised 200% APY—it sounds pretty tempting. On the first day, I received 6 tokens, worth about $0.54.

But to be honest, the biggest risk here is the token price volatility. KITE’s price is swinging a lot right now—if it stabilizes, the yield is definitely attractive; but if the price dumps fast, no matter how high the APY is, it’s pointless.

My approach is 100 USDT spot + 100 USDT short for hedging. If I hadn’t hedged in advance, I’d already be down almost $10 on paper. So if you really want a piece of this, I recommend not going in unhedged—hedging is definitely worth it.

I’m planning to watch the full 7-day cycle to see what the actual returns are. If the final results look good, I’ll play again next time; if not, consider it tuition paid.

KITE-2.19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

23 Likes

Reward
23
8
Repost
Share

Comment

0/400

LiquidityHunter

· 4h ago

Annualized 200% sounds dreamy, but on the first day, it's only 0.54U. The gap is a bit too big. If the coin price crashes, all gains could be wiped out. I'm worried that the returns might not even cover the floating losses. Hedging truly saves lives; otherwise, it would have turned green long ago. Let's see if these 7 days can turn things around. Anyway, at worst, it's just paying tuition fees. This wave of KITE is a bit risky; I need to keep a close eye on it.

View OriginalReply0

ETH_Maxi_Taxi

· 12-09 22:54

An annualized rate of 200% sounds unbelievable; what really matters is the actual returns in hand. You really need to learn hedging, otherwise all your profits could be wiped out by dumping. Looking forward to your review in 7 days, it feels like KITE is a bit risky this time.

View OriginalReply0

WalletDoomsDay

· 12-08 15:56

An annualized return of 200% sounds unbelievable, but in reality, it all depends on whether the coin price can hold up. Going in unhedged will really lead to heavy losses. You definitely need to use hedging here, otherwise no matter how high the returns, it's all for nothing. Now that prices are dropping, it doesn't hurt at all. We'll see the real results after the 7-day cycle ends. The risks with this thing are no joke. This setup is basically a bet on price stability; it's kind of like a game of musical chairs. An annualized 200% return sounds like a new opportunity if you say it nicely, but if you put it bluntly, it's a trap fishing for victims. The spot short hedging strategy is not bad, but you have to watch the market constantly, which is exhausting. The ones who actually make money are those who truly understand the risks; easy wins are just a fantasy.

View OriginalReply0

SatoshiHeir

· 12-08 15:52

It should be pointed out that your hedging strategy precisely exemplifies the classic paradigm of a high-yield trap—based on the fundamental thinking outlined in whitepapers, any annualized yield that isolates price risk is an illusory value consensus. Holding $100 in spot and $100 in shorts is essentially using the zero-sum game of futures to mask the real floating loss of the spot position, which clearly goes against Bitcoin's original intention of decentralization. On-chain data shows that staking and mining schemes like KITE have always been gentle traps for institutions to accumulate tokens.

View OriginalReply0

BottomMisser

· 12-08 15:52

That hedging move was truly brilliant, otherwise, you’d be facing huge losses now. An annualized return of 200% sounds great, but if the coin price crashes, everything goes down the drain. That’s the real story of KITE. Hope you can get out unscathed. Good luck.

View OriginalReply0

GasFeeNightmare

· 12-08 15:40

Going in naked is just asking for trouble. Bro, your hedging strategy is impressive. --- 200% APY sounds great, but the moment the price crashes, it's all gone. Seriously. --- Kind of want to try, but seeing your $10 unrealized loss still makes me hesitate a bit. --- That hedging move was brilliant. Otherwise, you'd be deep in losses by now. --- Just waiting for your recap after 7 days. If you actually make a profit, I'll join in too. --- KITE is way too unstable. No matter how attractive the yield is, it can't keep up with the dump speed. --- 100U hedge against 100U—definitely the sign of a cautious player. I need to learn from this. --- 200% annualized? Sounds nice, but whether you actually get even half of that is doubtful.

View OriginalReply0

TeaTimeTrader

· 12-08 15:38

Going naked is really foolish; hedging is what smart people do. An annualized 200% sounds nice, but if the coin price crashes, it all goes down the drain. I'll wait to see your 7-day report card. If you make money this time, I'll give it a try too. KITE is way too volatile; you need some mental preparation.

View OriginalReply0

MevHunter

· 12-08 15:35

An annualized 200% sounds sexy, but KITE’s volatility is really a bit scary. You definitely can’t play it unhedged; you still need to hedge. Waiting for your end-of-cycle data, it feels like this thing is just a matter of luck.

View OriginalReply0

Trending TopicsView More
#FedRateCutPrediction
48.47K Popularity
#PostonSquaretoEarn$50
47.96K Popularity
#CryptoMarketRebound
271.51K Popularity
#SUIETFLaunched
12.6K Popularity
#BitcoinActivityPicksUp
10.28K Popularity

Hot Gate FunView More

1
MGMerry Christmas Gate
MC:$3.63KHolders:2
0.09%
2
DOYRDOYR
MC:$3.61KHolders:1
0.00%
3
i-in-ingi-in-ing
MC:$3.65KHolders:1
0.00%
4
ODDCONE DOLLAR DREAM COIN
MC:$3.68KHolders:2
0.04%
5
GLXGLX
MC:$3.63KHolders:1
0.00%

Sitemap