Archon 👾 Profile picture
Aug 3, 2021 5 tweets 5 min read Read on X
THREAD
@anchor_protocol now supports $bETH as collateral with the help of @LidoFinance, allowing you to borrow $UST to either deposit directly at Anchor for 20% APY or farm on other venues like @mirror_protocol. $LUNA $ETH $ANC

But how you ask? Find a short guide below 🧵👇
1. You need to convert your $ETH to $stETH (staked Ethereum 2.0) either via @LidoFinance at directly stake.lido.fi (staking rewards 5.6% APY will later go to aUST holders)
2. Or you just swap your $ETH for $stETH on @CurveFinance at curve.fi via the respective ETH/stETH pool - slippage currently is low but always check before swapping
3. Now you can transfer your $stETH to @terra_money as $bETH directly by the dedicated dapp from @LidoFinance at anchor.lido.fi - don't forget to double-check your #Terra which you need to enter as a receiving destination.
4.
Finally, you can head to @anchor_protocol and use your $bETH as collateral to borrow $UST. You pay interest on this loan but earn $ANC as an incentive for it, netting a 27% APY (distribution APY > borrowing APY). $UST can directly be deployed at Anchor to earn 20% APY.

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More from @archon_0x

Aug 30, 2022
1/
@BrokkrFinance 🟢 will soon open its gates on #Avalanche, simplifying the access to #DeFi through diversified #investment portfolios.

I was able to meet the team, try the product and I summarised my findings in the article below 👇

$BRO $AVAX $RUNE

link.medium.com/HBVVXwdXUsb
2/
@BrokkrFinance originally started out on @terra_money but after the catastrophic events in May during which the #Brokkr team could salvage most of their treasury, they decided to set shop initially on #Avalanche before expanding to additional blockchains in the future.
3/
After the #Terra collapse, the @BrokkrFinance team told me that they wanted to avoid any similar scenario again. They defined security and decentralization as two of the most critical decision criteria regarding a new underlying blockchain which led them to @AvalaunchApp.
Read 20 tweets
Feb 24, 2022
Let's have a closer look at an upcoming new #DeFi platform built on top of both @THORChain & @terra_money: @BrokkrFinance. Brokkr is a decentralized investment platform with the slogan "your brother in DeFi" and the goal to bring millions to DeFi.

$RUNE $LUNA $UST $BRO

1/ 🧵👇 Image
2/n
The @BrokkrFinance team are true THORChads and originally started as a THORChain-focused project, building out the concept of synthetic assets and the necessary front-end for these. Over time they pivoted more towards a product that can also attract the retail market.
3/n
This has led them to embrace the possibilities of the @terra_money network, which is currently the second biggest blockchain in terms of #DeFi TVL. Dozens of DeFi primitives have been built on top of Terra, offering many opportunities to sophisticated investors.
Read 19 tweets
Jan 6, 2022
1/n
A short compilation of 2022 #crypto predictions I liked. Will be fun to revisit them EOY.

Beware, these are not advice but fuel to kickstart critical thinking.

As @CryptoCred wrote: "The best play of 2021 is not something you’ll find in a 2022 predictions thread."

👇🧵
2/n
We start with @redphonecrypto epic 69 theses about working in and for #crypto as well as major trends for this year. Heavy focus on the @terra_money ecosystem, as he is a contributor to @astroport_fi & @mars_protocol.

3/n
I already liked the 2021 edition but @TheSpartanGroup's @SpartanBlack_1 also delivered some interesting ideas for 2022, mainly high-level around Web3.0, #DeFi, OpenSea and Gaming.

Read 11 tweets
Jan 3, 2022
As promised I looked into @VaderProtocol because some at @Qi_Capital are already in and @RohmanusC's tweet thread got me interested.

So I read up on it and decided to join the dark side. $VADER

1/10
Let's see what kind of #DeFi abomination we got here 😀 No investment advice.
2/10
.@VaderProtocol is nothing new - it's rather interesting how it combines existing #DeFi elements. Its story started in summer 2021 and there are plenty of Medium articles since then you can go through. @invaderbaku tells the story in this thread:
3/10
What's special about @VaderProtocol is how it combines some of the most interesting aspects of #DeFi:

1⃣ A decentralized algorithmic stablecoin, not unlike $UST (backed by $LUNA)
2⃣An impermanent-loss protected AMM (like @Bancor) inspired by @THORChain's Continuous LPs
Read 10 tweets
Dec 20, 2021
1/n
Before everyone posts theirs, let me come up with a few high-level #crypto predictions for 2022. These are just some personal thoughts around topics that I care about and, indeed, no investment advice. Will detail some of them later on.
🧵👇
#GameFi #NFTs $LUNA $RUNE #DeFi
2/n
Cross-chain interoperability will become a reality. The focus will change from underlying protocols and platforms towards dApps that will be built on cross-chain layers or deployed on multiple chains. Eventually, dApp users won't know and care what underlying chain is used.
3/n
Increased focus on applications also leads to more awareness about user experience (UX). This does not only include better UI design but also providing easy-to-use applications that solve real-world problems end-to-end. Think for example of built-in FIAT on/off-ramps.
Read 16 tweets
Oct 26, 2021
What is Seignorage? Before being in #crypto I haven't ever heard of this term. 🧵👇

1/8
I tried to explain it in short and will especially highlight at the end of the thread what it means in the context of @terra_money for the relationship between $UST & $LUNA Image
2/8
Seignorage is the difference between the value of money and the cost to produce and distribute it. For coins, it is the face value of the metal plus the minting cost, for paper money it is mostly the production cost. The creator/issuer has traditionally been the government. Image
3/8
If the seignorage is positive (e.g. it only costs a few cents to produce a $100 bill) the revenue accrues to the issuer.

For coins, it can more often be negative, for example, if the metal value of a silver coin is worth more than the face value. Image
Read 8 tweets

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