Discover and read the best of Twitter Threads about #lumenswap

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The new #Lumenswap milestone set for Q4 2023 explained in a short 🧡 ...

πŸ‘·πŸ»β€β™‚οΈBuild a Collateralised Debt Position lending system also known as CDP.

1. What is a CDP

2. What are the benefits.

3. What this could mean for the LSP token if integrated. #DeFi #XLM

🧡 πŸ‘‡πŸ» Image
2/ CDP lending systems have been around the crypto space for a very long time.

They allow you to 'put up' a chosen asset as collateral, whilst minting you a stablecoin in return

When you pay back your loan, you can get your collateral back. πŸ§΅πŸ‘‡πŸ»
3/ Used carefully the positives of using a CDP system can be:

β€’ Receive liquidity on your asset without having to pay capital gains
β€’ Nobody checking your credit score
β€’ Use the loan to 'long' the price of the asset used as collateral
β€’ Creates utility for c/zed asset.πŸ§΅πŸ‘‡πŸ»
Read 4 tweets
Here's a quick thread🧡 πŸ‘‡ on Lumenswap rewards

There are 3 types of #Lumenswap rewards; they can be obtained in different ways.

β€’ Holders Reward
β€’ LP Reward
β€’ Auction Airdrop

🧡1/4 $XLM
Holders Reward can be earned in two ways.

1. Hold over 10,000 LSP in your native wallet.

2. Provide over 10,000 LSP in the XLM-LSP or USDC-LSP pools. Watch out for impermanent loss, a rebalancing of your liquidity could leave you with less than 10,000 LSP. 🧡 2/4
An LP Reward can be earned if you hold over 1,000 LSP in XLM-LSP or USDC pools. Watch out for impermanent loss again; a rebalancing of your liquidity could leave you with less than 1,000 LSP.

Tip: Put in more than enough to cover any impermanent loss.
🧡 3/4
Read 5 tweets

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