# Smilee On Arbitrum

#### Smilee's current DVPs is:

## Impermanent Gain

Unparalleled asymmetric leverage, robust yield, and composability at the portfolio level. Impermanent Gain is the first derivative that decomposes DEX-style liquidity positions to isolate Impermanent Loss risk and transform it into tradeable options.

### **Trade**

#### Long, short, delta-neutral with up to 10,000x leverage & no liquidations.

{% content-ref url="impermanent-gain/trade" %}
[trade](https://smilee-finance.gitbook.io/arbitrum-docs/impermanent-gain/trade)
{% endcontent-ref %}

### **Earn**

#### Generate a robust yield paid in stablecoins by transforming LPs into Options sellers, properly compensating for their exposure to volatility. 

{% content-ref url="impermanent-gain/earn" %}
[earn](https://smilee-finance.gitbook.io/arbitrum-docs/impermanent-gain/earn)
{% endcontent-ref %}