Discover and read the best of Twitter Threads about #PrimeCollateral
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A decentralized, digital asset that allows users to instantly collateralize & access short-term capital instantly by leveraging the #arbitrum Blockchain.
And that's $plvGLP ✊
As an asset class, it has tremendous potential for integration with @LodestarFinance & @VendorFi.
🧵
And that's $plvGLP ✊
As an asset class, it has tremendous potential for integration with @LodestarFinance & @VendorFi.
🧵
Before I proceed, I'll like to define what is meant by "#Primecollateral" so as to give us more clarity. I'm pretty sure some of us might just be hearing it for the first time. Don't worry, I'll try as much as possible to explain this thread in its simplest term for better
... assimilation and comprehension.
• So what's Prime Collateral?
#Primecollateral is a class of asset that is frequently utilized as a form of loan security because it is thought to be of high quality and dependability.
• So what's Prime Collateral?
#Primecollateral is a class of asset that is frequently utilized as a form of loan security because it is thought to be of high quality and dependability.
Do you want to get your $GLP yield above 100% APR, anon?
Read this thread and I’ll teach you how.
$GLP $plvGLP $GMX $PLS
Read this thread and I’ll teach you how.
$GLP $plvGLP $GMX $PLS
To achieve a 3 digit APR, we'll be using $plvGLP from Plutus.
Deposit your GLP in their vault and you’ll receive $plvGLP, an auto-compounding derivative, in return.
plutusdao.io/vaults
Deposit your GLP in their vault and you’ll receive $plvGLP, an auto-compounding derivative, in return.
plutusdao.io/vaults
Degen Time: Both @LodestarFinance and @VendorFi take $plvGLP as collateral.
· Deposit $plvGLP
· Borrow Stables
· Mint More $GLP
· Loop Until Satisfied
Until there's a tool that automates this, you have to do it manually.
· Deposit $plvGLP
· Borrow Stables
· Mint More $GLP
· Loop Until Satisfied
Until there's a tool that automates this, you have to do it manually.
Attention all @GMX_IO and #Arbitrum enthusiasts - $plvGLP has entered a new era of utility! ⚡️
With @LodestarFinance, $plvGLP holders can now borrow against their holdings on Lodestar. Truly #PrimeCollateral. 🏦
This enables several strategies, which we'll dive in to below! 👇
With @LodestarFinance, $plvGLP holders can now borrow against their holdings on Lodestar. Truly #PrimeCollateral. 🏦
This enables several strategies, which we'll dive in to below! 👇
At the time of writing, $plvGLP holders can earn over 30% APY on top of the native $plvGLP APR by depositing into @LodestarFinance. 🤯
In practice, users can therefore earn nearly 80% in total APR by using $plvGLP and Lodestar to get the most out of their underlying $GLP!
In practice, users can therefore earn nearly 80% in total APR by using $plvGLP and Lodestar to get the most out of their underlying $GLP!
Remember that $plvGLP autocompounds the ETH rewards, making it a perfect form of set-and-forget collateral, which grows over time.
@LodestarFinance has also enabled an 80% LTV for $plvGLP, making it extremely capital efficient!
@LodestarFinance has also enabled an 80% LTV for $plvGLP, making it extremely capital efficient!
A 🧵 on how you can earn over 5x the native $GLP yield by utilizing some of the latest DeFi releases on Arbitrum. 😳
Note - there's risk involved, but you can tailor the strategy to your personal risk tolerance. Also NFA!
I'm just here to lay out the alpha. 𝛂
Let's get it. 👇
Note - there's risk involved, but you can tailor the strategy to your personal risk tolerance. Also NFA!
I'm just here to lay out the alpha. 𝛂
Let's get it. 👇
With the recent launch of @LodestarFinance, there's finally an #Arbitrum-native money market that supports $plvGLP.
If you've been following along, $plvGLP from @PlutusDAO_io is absolutely #PrimeCollateral due to it autocompounding the $ETH rewards.
If you've been following along, $plvGLP from @PlutusDAO_io is absolutely #PrimeCollateral due to it autocompounding the $ETH rewards.
Lodestar is effectively a Compound fork, meaning that you can loop assets to get amplified returns.
In this case, looping would mean depositing $plvGLP for collateral, borrowing USDC, buying $plvGLP with said USDC and depositing again.
Rinse and repeat X amount of times.
In this case, looping would mean depositing $plvGLP for collateral, borrowing USDC, buying $plvGLP with said USDC and depositing again.
Rinse and repeat X amount of times.
