Early customers tend to be long term BTC investors who are looking for a simple + passive way to earn a yield in sats for the long-term. And
They're typically not traders or degens! I think this is a byproduct of us designing the product for long term holders like ourselves. :) The current strategy is conservative in risk taking but also is limited to earning a modest return!
Traders and degens already have pre-existing tools like custodial exchanges. They care the most about pricing / trade execution / speed of execution. Things that we know it'd be hard for us to compete on initially!
Over time, I can see that changing though if we begin to introduce more aggressive / riskier strategies. Or if we introduce manual positions where folks can actually select their option strikes and expiries!
Great question!
Early customers tend to be long term BTC investors who are looking for a simple + passive way to earn a yield in sats for the long-term. And
They're typically not traders or degens! I think this is a byproduct of us designing the product for long term holders like ourselves. :) The current strategy is conservative in risk taking but also is limited to earning a modest return!
Traders and degens already have pre-existing tools like custodial exchanges. They care the most about pricing / trade execution / speed of execution. Things that we know it'd be hard for us to compete on initially!
Over time, I can see that changing though if we begin to introduce more aggressive / riskier strategies. Or if we introduce manual positions where folks can actually select their option strikes and expiries!