Thread by @wolf_of_defi

1./ I think everyone has been in doubt at least once whether they should provide liquidity or stake their precious $LUNA. But what if you can do both?

Let's talk about @prism_protocol again.

2./ As you should know by know at @prism_protocol you can split your $LUNA into $yLUNA, the yield bearing token, and $pLuna, the principal token.

Staking $yLuna at Prism gives you all the airdrops and staking rewards you'd have had when staking your standard $LUNA token.

3./ Great. So let's stake $yLUNA. Now we've $pLUNA left. What can we do?

The most easy thing to do is provide liquidity in the $pLUNA - $PRISM pool. You'll receive liquidity incentives and AMM fees as a result.

4./ But what if you rather provide liquidity in for example a $LUNA - $UST pool on @loop_finance? Would this be possible to? Definitely. You swap your $pLuna for $PRISM, swap your $PRISM for $LUNA, and there you are.

5./ You are now receiving staking rewards and are providing liquidity at the same time. Of course, the $LUNA you use to provide liquidity will be less worth in dollar value than the $LUNA you've split in the first place. But still you're using your $LUNA way more efficient.

6./ Please be aware of the fact that the $PRISM - $pLUNA is incentivised with $PRISM tokens. You won't receive these when you're providing liquidity somewhere else.

7./ Next to this, once you're bullish on both $LUNA and $PRISM (which I definitely am, did you notice?) the $pLUNA - $PRISM pool gives you more upside than when you're in a pool which is half $UST.

8./ I am convinced @prism_protocol will make strategies possible I cannot even imagine yet.

The words yet have to be found to express how excited I am. 🔥🌔