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rhino.fi Profile picture
@rhinofi
Jul 22, 2020 • 6 tweets • 5 min read • Read on X
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1/6

Did you know that yield farmers 👩‍🌾 can snatch a 0.359% bonus by providing (@WrappedBTC) liquidity to the @CurveFinance sBTC pool, while also collecting , , and rewards?

Well, they can and here’s how! 👇 Image
@WrappedBTC @CurveFinance 2/6

Step 1:

Buy wBTC using or on the deeply-liquid 🌊 high-speed ⚡️low-fee ⬇️ & ZERO-gas ❌⛽️ DeversiFi.com markets

... Image
@WrappedBTC @CurveFinance 3/6

Step 2:

Withdraw wBTC to your private wallet (must wait for an available batch — better withdrawals coming very soon!) 👀

... Image
@WrappedBTC @CurveFinance 4/6

Step 3:

Stake your wBTC tokens into the sBTC pool on CurveFinance where (as things stand) you’ll get a 0.359% bonus on your deposit!

⚠️ Please ensure you understand how CurveFinance pools work + how under/overweight assets are incentivised.

... Image
@WrappedBTC @CurveFinance 5/6

Step 4:

Stake your newly minted Curve LP tokens into the CURVEPOOL sBTC (LP Rewards) at mintr.synthetix.io and 👉 start receiving BPT rewards (REN and SNX)

10k SNX ($33k) and 25k REN ($4k) are up for grabs weekly ending on 28.08.2020. You can also earn and . Image
@WrappedBTC @CurveFinance 6/6

More info here: blog.synthetix.io/btc-yield-farm…

⚠️ This is NOT investment advice. You should always do your own risk assessment. We’ve provided this walkthrough as an example of how some DeversiFi traders are farming yield using our liquid wBTC markets.

Now, go farm! 🌾

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More from @rhinofi

rhino.fi Profile picture
Apr 14, 2022
Right, we’re just going to say it: Today’s exchanges are broken

🛑They list scam coins that have peaked and will never return
🛑They promote dangerous activity
🛑They don’t care whether their users make money

It’s time to break this toxic model. Here’s how we will change that👇
Today’s exchanges are torn ⛔️

They need the trading fees so they incentivise trading of all kinds of crap 💩

This creates a vicious circle of ever-riskier assets and offerings. Effectively, they are (unfortunately) geared towards you LOSING money 😭

(2/7)
We want to flip this on its head. We want to make profits with our users, not at their expense 💪

Because right now, DeFi matters more than ever.

👉 Inflation is spiraling
👉Governments are weaponising finance
👉 Currencies are collapsing
👉 Refugees need finance they can trust
Read 7 tweets
rhino.fi Profile picture
Jan 1, 2022
With DeFi about to reach critical mass, the next 12 months will be crucial for the future of #Layer2 - and for our platform in particular.

Let’s take a Deep Dive with @will_harborne as he explains what's to be expected for DeversiFi in 2022.

#Thread (1/11)
2022 will be the avalanche year for Ethereum, the year that it takes back the centre-ground of crypto DeFi ecosystems and this will be driven by #Layer2 ecosystems. In fact, we predict there will be significantly more people using #Ethereum Layer 2 than #L1.

(2/11)
In parallel, we will see the growth of multi-chain ecosystems, which allow several blockchains to connect with one another - enabling #decentralised apps and protocols to launch on several networks.

(3/11)
Read 11 tweets
rhino.fi Profile picture
Dec 31, 2021
2021 has changed everything for #DeversiFi 🔥

We’ve broken $1 billion in total trades, launched loads of new features, and paved the way for the mass adoption of #DeFi 🚀

Here are nine key breakthroughs that have shaped our year

#Thread (1/11)
At the start of 2021, we hadn’t even rolled out the swap feature on our platform...

But we launched it in January and now it’s our most-used feature of all! 🎉

(2/11)
We’ve launched our native governance token, $DVF, on our brand-new launch market.

The success of the #DLM shows we’ve got a viable mechanism to launch tokens on L2 - and #DVF allows you, our supporters, to take control of our protocol 🤝

(3/11)
Read 11 tweets
rhino.fi Profile picture
Sep 30, 2021
With #DeFi options ever expanding, many investors are turning to #yieldfarming as an alternative to trading with safer and often higher returns! 

But what is yield farming and how can you get involved? 👀

🧵 #Thread🧵 (1/6)
Just like a bank 🏦 giving you interest on your savings, you can earn interest on your #crypto by lending your tokens to a #cryptocurrency project such as @CurveFinance, @BalancerLabs, @AmpleforthOrg and more!

(2/6)
Lending your #tokens is trustless, meaning you always control your funds and can access them at any time. The whole process is open and #permissionless, with the rules determined by computer code 🖥️ instead of a centralised gatekeeper - like a bank. 

(3/6)
Read 6 tweets
rhino.fi Profile picture
Sep 24, 2021
Yesterday we launched the FIRST EVER #Layer2 bridge to a centralised exchange 🥂 - @bitfinex, but what does that mean for you?

🧵 #Thread🧵 (1/6)
Remember how you used to pay those pesky gas fees 💸 and wait absurd times ⏳ when moving from an exchange to #DeFi? This all changes now with minuscule fees and rapid transfers!
(2/6)
This bridge🌉now enables fast and low-cost transfers between #Bitfinex & #DeversiFi meaning that you can move @Tether_to tokens ($USDt) seamlessly between the two platforms, without ever touching #Layer1 #Ethereum! And what's more, we’ll be adding more #ERC20 tokens soon!
(3/6)
Read 6 tweets
rhino.fi Profile picture
Sep 22, 2021
With #DeFi heating up, more and more people are beginning to use #DEXs over traditional #CEXs🙌

However, some people are still confused about what a #DEX is and the different types that exist!

Here's a summary👇 #Thread
#CEXs are often the place users go to buy their first #cryptocurrency 🪙
However, in order to use them, you must create an account on their website and send your money to them trusting that they will (hopefully🤞) send it back when you’re finished 😅
#DEXs exist on multiple blockchains, but the most popular ones are built on #Ethereum. Instead of creating an account to use them, you connect existing Ethereum wallets (such as @MetaMask) and then start making trades! 🙌
Read 10 tweets

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