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danku_r

26 Aug, 6 tweets, 5 min read

@mirror_protocol

1/ A red market day is a great chance for a farmer to turn away from the candles to check some fundamental data: Farm APRs! 🧑‍🌾

Let´s have a look at how APRs developed on @mirror_protocol, @terraswap_io, and @anchor_protocol in August.

Spoiler alert: Numba go up! 🌋

🧵👇

@terra_money

2/ But first, let´s quickly check the core APY on @terra_money: The anchor rate ⚓️

Is 20% sustainable in the long run? Well, we just needed bETH to start believing in a clear "YES."

80k bETH is already on Anchor; the yield reserve is finally filling up!

bSOL is next! 😎

@mirror_protocol

3/ What about @mirror_protocol , ser? 🪞

Same pattern! The Long Farm APRs are increasing due to the price trend of $MIR.

Independently from the introduced volatility, it seems that there are a few mAssets that outperform on the Long Farms👀👇

4/ And Short Farms? The graph still looks like if a degen artist enjoyed too much the price increase of $LUNA lately 🙇‍♂️

The strategy recommendation stays the same: Don´t hunt the Short Farm; go broad on mAssets and catch 'em all

(I would love to have an mAsset Pokedex 🤔)

@terraswap_io

5/ And finally, our favorite hidden farm on @terraswap_io: bLUNA-LUNA.

The bLUNA price action led to an amazing increase in APR. We touched 60% 🧑‍🌾

However, the real winner is UST-LUNA. I mean, we all know it, right? That duo is king! 👑

Tasty APRs far over 90%. 🔥

@alphaDefi_

6/ Big thank you to @alphaDefi_ for providing the data! True magic. Check out the data sets on his page alphadefi.fund/data-center/

Also a big thanks to @ALPAC41 for the live APRs on his page and to @cjbeery for his mirrorrtracker! Check them all out.

Community strong 🐒🔥 :)

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More from @danku_r

danku_r

@danku_r

15 Aug

@anchorprotocol

1/ This past week has been filled with great news. It culminated in the furious launch of $bETH on @anchorprotocol

Fast forward two days, and we already see 121m dollars of $ETH on Anchor.

But: What happens in case of liquidation? 🔫

Let´s break it down 👇🧵

@anchorprotocol

2/ As a quick recap: If you provide collateral on @anchorprotocol, be it bLUNA or bETH, you are allowed to borrow against it.

The loan-to-value ratio (LTV) has recently been raised: Borrow up to 45%; Liquidation at 60% LTV.

3/ So, if you provide 1000 dollar collateral, you can borrow 450 $UST (or less). Your LTV is 45%. 🤝

If your collateral drops in value, you will get liquidated at 60% LTV (so 750$ collateral) if you don't repay your borrow ⚡️

Read 8 tweets

danku_r

@danku_r

26 Jul

@MercurialFi

1/ #USTonSolana is a trending topic 🔥

All eyes are on @MercurialFi. The vote to fund them with 167k$ in $LUNA to incentive the $UST pool will end tomorrow. The result is clear: 99,3% vote yes.

So, who is @MercurialFi, and what can we expect as #Lunatics on @solana?

🧵👇

@solana

2/ Why @solana? As outlined in the initial agora post by @jkuanderulo, the concept of $UST is based on growth and utilization.

Solana promises a bright future in DeFi, with @MercurialFi as the core protocol for stablecoin adaption. So, a way to grow $UST usage & utility!

@MercurialFi

3/ @MercurialFi enables low slippage swaps for stablecoins on multi-token pools.

Instead of having a pair like USDC-UST, they create a vault out of USDT, USDC, and UST.

By introducing dynamic fees, they created a unique, secure, and highly liquid environment for stablecoins.

Read 11 tweets

danku_r

@danku_r

15 Jul

@mirror_protocol

1/ Who doesn’t know this feeling? You use aUST as collateral on @mirror_protocol. When you return to @anchor_protocol, you get a heart attack: My deposit is gone! 🙇‍♂️

It’s still there, no worries, safely bonded on Mirror. ✔️

How to calculate your actual deposit in UST?

🧵👇

2/ First, your aUST is still appreciating against UST. This also applies to your collateral position on Mirror.

It´s only that your deposit is no longer displayed on Anchor EARN. However, you can calculate your yield manually. To achieve this, we will use the aUST exchange rate

3/ Here we go! 🙂 Go to mantle.anchorprotocol.com/graphql/ and insert the following code:

{
query: AnchorExchangeRates(
Order: DESC
Limit: 1

StableDenom: "uusd"
) {
ExchangeRate
Timestamp
}
}

Read 5 tweets

danku_r

@danku_r

13 Jul

@Mirror_protocol

1/ Short or Long Farm on @Mirror_protocol? Maybe both? And how to integrate the volatile Short APRs in all of this? What happens if the mAsset goes up in price?

Due to the fantastic @terra_money community, we now have more clarity to answer all those essential questions.

🧵👇

@DrCle4n

2/ @DrCle4n took my challenge and tried to find a better APY. He even squeezed out more yield on the given assumptions (stable mAsset, 60%/40% Short to Long FARM APR). 😍 Fantastic work & kudos to Cle4n! I call his strategy the "SUPER SHORT". :)

https://twitter.com/DrCle4n/status/1414799383053299714?s=20

3/ What did he do?

He took my proposal to wait two weeks to increase the asset efficiency (DELAY). However, instead of preparing to go long, he focuses entirely on his Short Farm. Thus, he can increase the value of his Anchor deposit and Short Farm.

Read 9 tweets

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