Compound

Uniswap

In the dynamic world of cryptocurrency, astute investors—often referred to as SmartMoney—are known for their strategic moves. One such investor recently generated approximately $446K profit through the Uniswap ($UNI) token.
The lucrative strategy was first noticed and shared by <a href="https://twitter.com/lookonchain" rel="nofollow noopener" target="_blank">Lookonchain</a>, a prominent blockchain analytics platform on Twitter.
<blockquote class="twitter-tweet">
1/ Sharing a SmartMoney that is very good at shorting <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$UNI</a> on-chain.
Starting from March 2022, this SmartMoney always borrows <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$UNI</a> from <a href="https://twitter.com/hashtag/Compound?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Compound</a> and <a href="https://twitter.com/hashtag/Aave?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Aave</a> and sells at high prices, and then buys <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$UNI</a> at low prices and repays.
He made ~$446K on <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$UNI</a> in total. <a href="https://t.co/P0IiMay2bJ" rel="nofollow" target="_blank">pic.twitter.com/P0IiMay2bJ</a>
— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1668867183345287168?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 14, 2023</a></blockquote>
According to Lookonchain, this remarkable feat was achieved by shorting $<a href="https://crypto.ro/en/cryptocurrencies/uniswap">UNI</a> on-chain, a strategy that involved borrowing $UNI from platforms like <a href="https://crypto.ro/en/news/centralized-vs-decentralized-lending-risk-management-compound-labs/">Compound</a> and Aave, selling at high prices, and then repurchasing at lower prices to repay the borrowed amount​. This efficient use of <a href="https://crypto.ro/en/dictionary/crypto-loan/">lending platforms</a> and smart trading decisions have enabled the trader to accumulate significant profits over time.
This SmartMoney made a significant move following the <a href="https://github.com/Uniswap/v4-core" rel="nofollow noopener" target="_blank">announcement</a> of Uniswap v4, selling 43,270 $UNI ($191K) at a high price point of $4.41​1​.
Uniswap v4, a major upgrade to the <a href="https://crypto.ro/en/exchange/uniswap_v3_polygon_p/">Uniswap</a> protocol, introduces powerful new functionalities, including customizable liquidity pools via &#8220;hooks&#8221; and streamlined pool creation that reduces the cost by 99%​​.
<blockquote class="twitter-tweet">
1/ Today, we’re announcing our vision for Uniswap v4 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f984.png" alt="🦄" class="wp-smiley" style="height: 1em; max-height: 1em;" />
We see Uniswap as core financial infrastructure &amp; think it should be built in public with space for community feedback and contribution.
An early implementation of the code can be found here:<a href="https://t.co/toy3k7plnU" rel="nofollow" target="_blank">https://t.co/toy3k7plnU</a> <a href="https://t.co/9vGJElba2x" rel="nofollow" target="_blank">pic.twitter.com/9vGJElba2x</a>
— Uniswap Labs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f984.png" alt="🦄" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@Uniswap) <a href="https://twitter.com/Uniswap/status/1668603580184502276?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 13, 2023</a></blockquote>

How a trader made over $460k shorting Uniswap’s UNI token

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