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92 sats \ 3 replies \ @abhimanyuQA 11 Jul 2023 freebie \ on: We are the co-founders of Atomic.Finance, AMA. (Non-custodial BTC yield) bitcoin
A person who doesn't have any knowledge of Covered calls or DLC, can still use the product?
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230 sats \ 2 replies \ @matthewjablack 11 Jul 2023
Absolutely! Although we recommend doing your own research, the app is extremely easy to use and is as simple as setting up any Bitcoin wallet with 12 words.
Simply create your wallet, deposit your Bitcoin, click one button, and you're invested! You can get set up in under 5 minutes!
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46 sats \ 1 reply \ @abhimanyuQA 11 Jul 2023 freebie
Do I need to pick my own covered call trades? Also, how do I verify things?
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46 sats \ 0 replies \ @matthewjablack 11 Jul 2023
Nope, the strategy picks the covered call trades for you automatically. In our strategy, we use TA filters to determine when it's a good time to sell a call, and it will sell a weekly call option if it deems it appropriate.
You can verify by checking the transaction created (the DLC) after you've entered to see exactly where your Bitcoin is locked (it's locked for a month at a time).
Every time a position is entered, we also send you a notification, which you can double-check as well.
At the end of the month, you can check your returns against the positions entered, to verify the DLC executed properly.
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