Platform: Kraken
Instruments: Jupiter (JUP), Aerodrome (AERO)
This week, I reallocated a substantial portion of my crypto portfolio to Kraken, primarily to utilize their staking offerings. Notably, Kraken now supports Ethereum staking with automatic bonding through EigenLayer, which allows for streamlined participation in restaking protocols and passive yield generation.
Beyond staking, I am taking advantage of the market pullback caused by the recently announced Trump-era tariffs. The resulting volatility has created discounted entry points in various digital assets. This morning, I entered long positions in Jupiter (JUP) and Aerodrome (AERO), each priced near $0.30.
While the capital deployed is not material in absolute terms, the trade thesis focuses on risk-adjusted upside. If these assets return to the $1 level—based on historical price ceilings and renewed ecosystem activity—the trade would yield a return in excess of 233%.
Trade Structure:
- Buy orders executed around $0.30.
- Limit sell orders placed at $1.
- No stop-loss orders set. Current entry appears close to a local bottom.
- These assets may be accumulated further if prices remain suppressed or decline.
Staking Note:
While Kraken facilitates Ethereum staking, staking options for JUP and AERO exist outside of Kraken, via their respective native protocols and DeFi platforms. These are not currently part of this trade but may be considered later if price appreciation stalls. For now, the long position serves as a strategic alternative to staking, with the potential for greater capital gains in exchange for increased risk.
This is a passive trade structure—“set and monitor.” The execution strategy reflects the broader thesis that crypto’s inherent volatility, when approached with discipline and clear exit targets, continues to offer asymmetric return opportunities for patient capital.
Update 4-9-2025: On the same day I posted this trade Aerodrome recovered 30% of it’s decline linked to the Trump Tariffs financial crash. As it is still under .50 I am a holder until it gets in the $1 range.
Update 4-17-2025: I opted to cancel the Jupiter leg of the trade. After a review of staking rewards on Jupiter I opted to stake this position. Jupiter awards airdrops to stakers who also vote in the governance proposals. We are actively involved in governance. I still hold a price target above $1 on the Jupiter coin. We are also involved in a similar arrangement on Aerodrome but they reward through a different mechanism. We’re bullish on both and hold large positions in each.