Skip to content
Envelop
unisafe
← All strategies
ETH/USDC0.3%
Ethereum · Volatile
Paper · day 2 of 7

Static wide range, never recenter

Range −8.6% … +9.4% of the entry price · fixed, never follows the price · out of range → notify the owner · no stop-loss

97.5%
Fee APR · paperearly
Return −0.55%
HODL −0.80%
2,055In range · 2,2242,475
Use this strategy

Playbook

What the strategy does, in the factory's words.

  1. At startOpen one position in ETH/USDC 0.30% on Ethereum with a fixed range 1,800 ticks wide: −8.6% … +9.4% from the pool price at entry. Both tokens go in, in the ratio the range needs; the missing part is swapped at entry.
  2. Price is inside the rangeDo nothing. The position earns swap fees; they stay in the position and are not reinvested.
  3. Price stays outside the range for 168 hLeave the range where it is — it does not follow the price. If ETH rises above the range, the position is all USDC; if it falls below, all ETH. It earns no fees until the price returns. Notify the owner.
  4. Chainlink price feed of either token is stale or missingMake no changes until the feed is fresh again.
  5. Every 24 hReview the position. Allowed action: hold, nothing else. Not modelled in the backtest.
  6. End of the 7d horizonRemove the liquidity and keep both tokens as they are, without a swap.
  7. NeverMove the range after the price; sell because the price falls (there is no stop-loss); move liquidity to another pool.

Metrics

Paper, net of costs
Max drawdown3.20%
Time in range100.0%
Rebalances0
Fees earned+0.78%
Impermanent loss−0.08%
Backtest · 45 days held out
Expected return · 7d−0.95%
HODL−1.26%
Windows beating HODL83%
Worst drawdown7.89%
Full card in the Envelop Think Tank catalogue →