thesis terminal

{
  "asset": "ETH",
  "constraints": {
    "defined_risk": false,
    "delta_neutral": true,
    "hands_off": false,
    "keep_dry_powder": false,
    "no_cex": false,
    "no_sell_holdings": false
  },
  "horizon": "months",
  "injection": 0.02,
  "side": "long",
  "view": "range"
}

{
  "legs": [
    {
      "coin": "ETH",
      "entry": {
        "px": 2580.8,
        "type": "market"
      },
      "kind": "spot",
      "note": "Collateral: 1.9373 ETH ($5,000 at 2,581), assumed - no wallet is attached, so this is 50.0% of the nominal $10,000 book. It is pledged, not sold: the loan below is drawn against it.",
      "notionalUsd": 5000,
      "qty": 1.9373,
      "side": "buy"
    },
    {
      "carryPerDayUsd": -0.29,
      "coin": "USDC",
      "kind": "borrow",
      "loan": {
        "borrowApy": 6.74,
        "collateralCoin": "ETH",
        "collateralPx": 2580.8,
        "collateralUsd": 5000,
        "costPerDayUsd": 0.29,
        "liqPx": 1290.4,
        "ltvMax": 0.62,
        "ltvUsed": 0.31,
        "rateAsOf": 1789896948378,
        "thresholdIsLtv": true,
        "thresholdPct": 0.62,
        "venue": "hyperlend-pooled"
      },
      "note": "$1,550 of USDC borrowed on hyperlend-pooled against $5,000 of ETH: 31.0% loan-to-value, which is 50.0% of the 62.0% maximum the pool publishes. 6.74% borrow APR on hyperlend-pooled, $20.5M supplied, 62% maximum loan-to-value (rate as published by DefiLlama, 0 min old). $21.7M of USDC in it is unborrowed. Interest is $0.29 a day on this principal. Liquidation at 1,290 (50.0% below 2,581): DefiLlama publishes no separate liquidation threshold for this pool, so the pool's own 62.0% maximum loan-to-value is used as one, and that is an assumption this ticket is making out loud.",
      "notionalUsd": 1550,
      "side": "borrow"
    },
    {
      "carryPerDayUsd": 1.5,
      "coin": "ETH",
      "entry": {
        "px": 2573.1,
        "type": "market"
      },
      "hedgeOf": 0,
      "kind": "perp",
      "leverage": 2,
      "marginMode": "cross",
      "note": "Hedge: with no liquidity leg on this ticket, the only ETH delta here is the collateral, so the short is sized to it - $5,000 at 2x. No stop: it is a hedge, not a bet. The collateral is still what the loan is secured against, so hedging it does not remove the liquidation price above.",
      "notionalUsd": 4999.79,
      "qty": 1.9431,
      "side": "short"
    }
  ],
  "riskUsd": 7499.9,
  "template": "loan_lp_hedge"
}