Not financial advice, and my opinions are my own, not
@Collector_Crypt
base:0x11ff37785b849f38117a7ab2dff766c056d8ba6d trades at $1.6M against $2.44M of NAV ($2.64M if you include the LP), which is $988K of USDC plus three PSA 10 1st Ed Charizards the market is apparently valuing at $612K total, last comp was $600K each.
The catch is the 10% a side LP fee it inherited from setting up following ethereum:0xc50673edb3a7b94e8cad8a7d4e0cd68864e33edf strategy, so the 65% convergence trade loses ~20% to the roundtrip before you even start, no financial engine survives that.
I've asked
@charred_io if they'd drop it to 40bps, lets see if anyone bites.
Meanwhile, crypto happily pays fees and 95%+ of users lose money on memecoins. base:0x11ff37785b849f38117a7ab2dff766c056d8ba6d is only a token holding $2.64M of real assets, nobody notices or cares. Thats too bad.