Some DeFi Blue chips, ranked by how many different block chains they’re deployed on. πŸ’‘βš‘οΈ

$SUSHI 🍣 leading the pack.

(A thread) πŸ‘‡πŸΌ
If blockchains are countries, then dapps are like Franchises.

McDonald’s can exist in USA, but can have locations in Germany etc..

Foreign McDonalds franchises, pay franchise fee back to the McDonald’s Corp.

β€œForeign” Sushi Swaps pay fee to $SUSHI stakers
The more blockchains Sushi branches out to, the more fees generated by users.

Meaning more fees earned by $SUSHI stakers back on the home base (Ethereum)

See SUSHI fees generated from diff blockchains in the last day πŸ‘‡πŸΌ
Sushi Swap is currently the 5th highest earning protocol πŸ”₯

While majority of fee-revenue goes to Sushi treasury, $SUSHI holders still control this.

$SUSHI stakers also receive 0.05% of all fee-revenue.
Sushi Swap is also growing its eco-system w/ new DeFi products:

πŸ‘‰πŸΌ Kashi / Bentobox = lending / borrowing

πŸ‘‰πŸΌ Onsen = Liquidity for other DeFi protocols + farming

πŸ‘‰πŸΌ New Token launchpad

πŸ‘‰πŸΌ Shoyu (coming soon) = NFT marketplace
Sushi Swap started out as a decentralized exchange, but it’s evolving to so much more.

A suite of DeFi products, all generating revenue for the community treasury, and of course, $xSUSHI holders.

A Unique community + leadership from @0xMaki & @josephdelong

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Kris Kay | 🍩 DeFi Donut

Kris Kay | 🍩 DeFi Donut Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @thekriskay

31 Jul
πŸ’΅ Stable Saving 101 πŸ’΅

πŸ‘‰πŸΌ Using β€˜crypto dollars’
πŸ‘‰πŸΌ AKA stable coins.
πŸ‘‰πŸΌ pegged 1:1 with the dollar
πŸ‘‰πŸΌ whose price doesn’t change.

Best πŸ”₯ apps to get crazy good interest on these crypto dollars!

1. Watch vid
2. Read the thread 🧡
3. Earn $$$
1/ @harvest_finance

πŸ‘‰πŸΌ auto compounding vaults
πŸ‘‰πŸΌ auto-sells farming rewards
πŸ‘‰πŸΌ sellers for your deposited asset

Link: Image
2/ @AlchemixFi

πŸ‘‰πŸΌ solid DAI APY
πŸ‘‰πŸΌ can borrow against it
πŸ‘‰πŸΌ 50% instant loan on demand
πŸ‘‰πŸΌ loan pays itself off
πŸ‘‰πŸΌ no liquidations

Link: Image
Read 8 tweets
8 Jul
Liquidity Mining?

Here’s a list of the strategies people use to make $$$ in DeFi

[A master thread 🧡]

Term: Lending
Goal: Passive interest income

- Lending = hands free interest
- Low risk
- 3% - 20% APY possible
- Stablecoins most worthwhile
- Withdraw funds any time.

Crypto banks ( @AaveAave & @compoundfinance ) lend your assets 4 you.

Term: Liquidity Pools (LP)
Goal: passive income

- Dec. Exchanges
- Powered by Pools
- Trading pair pools (i.e ETH / DAI )
- Any1 can add a pair to a pool
- Get rewarded from swap fees
- Risk: Impermanent loss

DEXs to LP on:
- @SushiSwap
- @QuickswapDEX
- @Uniswap
Read 8 tweets
14 Jun
All the crypto I own & why:

...a thread 🧡 - (no order)

2/17 - $ETH

πŸ‘‰ Most decentralized blockchain
πŸ‘‰ Most in-demand blockchain
πŸ‘‰ Network effect level: 99999
πŸ‘‰ Largest contributor community
πŸ‘‰ Refined Smart Contracts
πŸ‘‰ Battle Tested Network
πŸ‘‰ Trillions of $$$ settled
πŸ‘‰ Home of NFTs
3/17 - $LINK

πŸ‘‰ Commoditized data feeds
πŸ‘‰ Data feed used in all of DeFi
πŸ‘‰ Most refined Oracle
πŸ‘‰ Most adopted Oracle
πŸ‘‰ Network effect: crazy
πŸ‘‰ Data is evergreen
πŸ‘‰ Hedge against a single blockchain
πŸ‘‰ Multichain eco-system
Read 18 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!