Thread by @coinage_x_daic

"Those too lazy to plow in the right season will have no food at the harvest.” Proverbs 20:4

Epic Biblical passage, but our Degen ancestors had no shiny data set to check yield on @terra_money

So, let´s check the current yield situation to ape safely

🧵👇 /n

1/ Let´s start with @terraswap_io and the major "hidden" farms. As usual, TS has no native token. So the APR is pure pool fees.

bLUNA-LUNA has slowed down a bit in the last months. Still, a solid APR of around 15%.

The hidden kings are now bETH and LUNA against UST with >50%.

2/ With the slowdown of the LUNA-bLUNA LP, it makes sense to check to the classic LUNA staking again.

After a slowdown based on annualized returns around COL-5, the yield is starting to skyrocket.

Why? Ozone burns minting billions of $UST makes it happen! (Excluding airdrops)

3/ Feels like meeting an old friend. Short and Long Farm APRs on @mirror_protocol

Is the Degen Life strategy still interesting? Yes, sir. With stable Long Farms around 35%, neutral farming is still great.

Nevertheless, we need to observe the effect of the MIR reduction soon.

4/ But where to take the whole money to farm? Maybe a borrow on @anchor_protocol ?

Sure! However, we are not getting paid for borrowing money (what, paying for a borrow? No way 😂)

For the first time, the net borrow APR turned negative. So just be aware of this, degen friend!

5/ Talking about @anchor_protocol, how is the health situation of the core protocol of @terra_money?

In a nutshell: Amazing.

With stable deposits of bLUNA (70M) and bETH at (85k), the yield reserve is filling up at an impressive speed (grey line).

EARN APY 20% ✅

6/ Not enough Degen numbers yet? There are chances to get over 200% APR on different UST pools.

Just remain attentive to the price action of the underlying assets.

Then, as usual: Plan long term to take benefit of farms and check upcoming airdrops and the fully diluted MC.

7/ Special thanks to @alphaDefi_ for providing the data points. Find his amazing web app on app.alphadefi.fund

In case you want my two cents on those topics, feel free to check this video on YouTube :)

#DegenFarmer Out :)

👇👇📽️