1/ 📈 APY Doubled in 30 Days: A Case Study of the $EMP Pod Between 12 Nov → 11 Dec (30 days), the EMP Pod’s 2x LVF APY nearly doubled: ➡️ ~70% → ~155% APY No incentives. No emissions. Just volatility and market activity. Let’s walk through how a $10K 2x leveraged LVF position would have done in the Pod over the last month 🧵👇

I agree. Base and Telegram (TON) are currently the main favorites.

2/ 🧩 Quick Context: Empyreal ($EMP) @EmpyrealSDK is building next-generation AI infrastructure. Its ecosystem includes: → @talos_is (with its own Pod and one of the top-performing Pods on Peapods) → @CallMyBluff_io, an AI-powered prediction market $EMP is volatile with huge

3/ 📊 EMP Pod Setup & Market Conditions The EMP Pod is paired against $ETH, so LVF performance depends on EMP vs ETH, not just USD price. From 12 Nov → 11 Dec: 📉 $EMP: $21 → ~$12.50 📉 $ETH: $3,412 → ~$3,240 This relative volatility... 💥 ... increased arbitrage activity

4/ 🧪 Initial Position at 12 Nov (2x LVF) Prices at entry: 📊 $EMP: $21 📊 $ETH: $3,412 Position opened: → $10,000 of EMP supplied → ~476 EMP → $10,000 of ETH auto-borrowed → 2.93 ETH debt These are paired into a full-range EMP/ETH LP, creating: → $20,000 total LP exposure

5/ 🛡️ Liquidation Price at Entry For a 2x LVF position: →Liquidation occurs at ~64% EMP drawdown vs ETH → Entry EMP price: $21 → Liquidation price ≈ ~$7.60 This defines the initial risk boundary.

6/ 💰 Fees Earned During 30-Day Drawdown Average LVF APY over the period: 103% annualised For a $10K LP position over 30 days: ➡️ $700 in volatility yield (daily-compounded equivalent) ➡️ Earned in EMP + ETH ➡️ Auto-compounded into LP Volatility increased → yield increased

10/ 📈 End of Month 2: Net Position (After Recovery) At prices: $EMP: $21 $ETH: $3,240 As EMP rallies, the full-range LP rebalances back toward ETH. Approximate balances after rebalancing + Month 2 fees: → EMP: ~546.7 → ~$11,481 → ETH: ~3.01 → ~$9,752 → Total LP value: ≈

12/ 👀 Why This Matters Even More in upcoming Peapods v4 This EMP example also highlights a limitation of today’s LVF: 👉 You’re still structurally long, and when price trends down, yield helps soften losses compared to spot long exposure. But if you see it coming and turn bearish on a token, currently your best option is to close your LVF position. In upcoming Peapods v4, you’ll have more options for this exact scenario: → Choose between short, long and delta-neutral Volatility Farming strategies for EMP (or any other token with a Pod) → 1-click swap strategies of your LVF position (e.g. from long to short, or from short to delta-neutral) Think: 🟢 Like shorting on a perp or running a delta-neutral farm 🟢 But earning yield from market activity instead of paying funding Same volatility. More ways to win. Learn more about v4 👉 x.com/PeapodsFinance/status/20...…