Discover and read the best of Twitter Threads about #cryptorisks
Most recents (2)
There's a lot of hype today around #DeFi 2.0
Can't expect degens to ignore 500,000+% #APY..
If you're considering investing in protocols like $OHM, $TIME, $KLIMA, $SPA, $HEC then read on for some #hopium, warnings and a #spreadsheet to help you make the most of it.. 🪡 👇
Can't expect degens to ignore 500,000+% #APY..
If you're considering investing in protocols like $OHM, $TIME, $KLIMA, $SPA, $HEC then read on for some #hopium, warnings and a #spreadsheet to help you make the most of it.. 🪡 👇
2/ These DeFi 2.0 protocols offer enormous APY (Sometimes in the millions of %). Here are the current APYs of some projects:
- $OHM - 6,982.4% ($ETH)
- $TIME - 78,325.2% ($AVAX)
- $KLIMA - 59,722% ($MATIC)
- $SPA - 239,674.5% ($FTM)
- $HEC - 320,713.2% ($FTM)
Sound juicy? 🧃 🤑
- $OHM - 6,982.4% ($ETH)
- $TIME - 78,325.2% ($AVAX)
- $KLIMA - 59,722% ($MATIC)
- $SPA - 239,674.5% ($FTM)
- $HEC - 320,713.2% ($FTM)
Sound juicy? 🧃 🤑
3/ Here's a great video by @WhiteboardCryp1:
And another by @finematics:
I won't get into the mechanics of these protocols here, but I want to share a spreadsheet I created to help you understand the upside / downside.
And another by @finematics:
I won't get into the mechanics of these protocols here, but I want to share a spreadsheet I created to help you understand the upside / downside.
1/ Provide liquidity for stablecoin pairs and earn 60% APR with low risk?! Here's how it works, and the risks you should be aware of 👇🏴☠️
#DeFi #LiquidityPools #YieldFarming #StableCoin #cryptocurrency #crypto #stablecoins $USDC $UST $USDT $DAI $MIM $LUNA $BTC $ETH
#DeFi #LiquidityPools #YieldFarming #StableCoin #cryptocurrency #crypto #stablecoins $USDC $UST $USDT $DAI $MIM $LUNA $BTC $ETH
2/ In the 2021 cryptocurrency space, there are many different stablecoins:
Some like @Tether_to's $USDT or $USDC are centralized and (supposedly) backed by assets. 🏦
Others like #Terra $UST are #algorithmic, relying on #arbitrage to bring the value back to peg. 🌕
Some like @Tether_to's $USDT or $USDC are centralized and (supposedly) backed by assets. 🏦
Others like #Terra $UST are #algorithmic, relying on #arbitrage to bring the value back to peg. 🌕
3/ These stablecoins might only exist on a specific chain like #ethereum, #avalanche, #terraluna, #fantom, #solana or they may have contracts on many different chains. 🎁
