How to get more from your DeFi Pulse Index $DPI
A THREAD
#1/8 Broad Exposure to DeFi - $DPI is used to give users diversified exposure to the top #DeFi blue chips.
14 top DeFi protocols in ONE token.
Article credit:@Mringz @davidesilverman
Details👇
gov.indexcoop.com/t/what-you-can…
A THREAD
#1/8 Broad Exposure to DeFi - $DPI is used to give users diversified exposure to the top #DeFi blue chips.
14 top DeFi protocols in ONE token.
Article credit:@Mringz @davidesilverman
Details👇
gov.indexcoop.com/t/what-you-can…
#2/8
Liquidity Providing (LPing) - LPing for $DPI / $ETH on a DEX like @Uniswap, @loopringorg or @SushiSwap enables DPI holders to earn a portion of the trading fees.
$SUSHI - Onsen program = extra rewards in SUSHI
$UNI - Largest pool for DPI
$LRC - ZK roll-up = less gas fees
Liquidity Providing (LPing) - LPing for $DPI / $ETH on a DEX like @Uniswap, @loopringorg or @SushiSwap enables DPI holders to earn a portion of the trading fees.
$SUSHI - Onsen program = extra rewards in SUSHI
$UNI - Largest pool for DPI
$LRC - ZK roll-up = less gas fees
#3/8
Liquidity Mining - In addition to the trading fees earned by providing liquidity to DEX pools, LPers can earn additional rewards by staking their $DPI / $ETH LP tokens via the @indexcoop website to receive rewards in $INDEX tokens.
Index Coop - Est. target APY: 12% (INDEX)
Liquidity Mining - In addition to the trading fees earned by providing liquidity to DEX pools, LPers can earn additional rewards by staking their $DPI / $ETH LP tokens via the @indexcoop website to receive rewards in $INDEX tokens.
Index Coop - Est. target APY: 12% (INDEX)
#4/8
Yield Farming - $DPI LPers can stake their LP tokens into yield aggregators like @harvest_finance to earn extra rewards. Yield aggregators harvest reward tokens, $INDEX, plus reward stakers in their native token, $FARM.
Harvest Finance - APY: 1.0% (FARM), 7.0% (INDEX)
Yield Farming - $DPI LPers can stake their LP tokens into yield aggregators like @harvest_finance to earn extra rewards. Yield aggregators harvest reward tokens, $INDEX, plus reward stakers in their native token, $FARM.
Harvest Finance - APY: 1.0% (FARM), 7.0% (INDEX)
#5/8
Leveraged yield farming - Protocols like Alpha Homora V2 and Impermax allow users to deposit $DPI or the $DPI / $ETH LP token to earn leveraged liquidity rewards. Rewards are auto-compounded to generate additional yield.
APYs - 70% - 200%
@AlphaFinanceLab
@ImpermaxFinance
Leveraged yield farming - Protocols like Alpha Homora V2 and Impermax allow users to deposit $DPI or the $DPI / $ETH LP token to earn leveraged liquidity rewards. Rewards are auto-compounded to generate additional yield.
APYs - 70% - 200%
@AlphaFinanceLab
@ImpermaxFinance
#6/8
Lending and Borrowing Protocols - Users can also lend their $DPI tokens on lending and borrowing protocols, like $CREAM and $ALPHA, to earn yield from borrowing demand on the protocol.
@CreamdotFinance
APY: 3%
@AlphaFinanceLab
APY: 5%
Lending and Borrowing Protocols - Users can also lend their $DPI tokens on lending and borrowing protocols, like $CREAM and $ALPHA, to earn yield from borrowing demand on the protocol.
@CreamdotFinance
APY: 3%
@AlphaFinanceLab
APY: 5%
#7/8
Collateral Debt Positions (CDP) - Borrowing stable coins against $DPI frees up liquidity w/o having to sell the asset. Beneficial as the stable coins borrowed can be used for various cases inside and outside #crypto.
@unitprotocol $COL
LTV: 64%
@SushiSwap $SUSHI
LTV: 75%
Collateral Debt Positions (CDP) - Borrowing stable coins against $DPI frees up liquidity w/o having to sell the asset. Beneficial as the stable coins borrowed can be used for various cases inside and outside #crypto.
@unitprotocol $COL
LTV: 64%
@SushiSwap $SUSHI
LTV: 75%
#8/8
RISKS - This is not financial advice. Purely for informational/educational purposes. Do your own research #DYOR.
Some examples of risks (but not all) - Smart-contract risk, liquidation risk, financial risk, multi-sig risk, impermanent loss, interest rate risk, market risk.
RISKS - This is not financial advice. Purely for informational/educational purposes. Do your own research #DYOR.
Some examples of risks (but not all) - Smart-contract risk, liquidation risk, financial risk, multi-sig risk, impermanent loss, interest rate risk, market risk.
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