1./ I just found out that when you use @prism_protocol and you deposit 1 $LUNA as collateral it is staked behind the scenes. You get $yLUNA and $pLUNA, once you stake your $yLUNA you'll receive the staking rewards of the staked $LUNA...
2./ ... but if you don't stake your $yLUNA the staking rewards will be converted to $PRISM and distributed to $xPRISM stakers.

The real #Alpha my friends:
3./ Every $LUNA deposited at @prism_protocol will be staked. Do you understand what this mean to the liquid supply?

$LUNA liquid supply going down, $LUNA use cases going up.
4./ The next months are going to be full of excitement my friends. #WGMI


• • •

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

Keep Current with Wolf of DeFi 🌖

Wolf of DeFi 🌖 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 @wolf_of_defi

26 Oct
1./ You're bullish for @prism_protocol? You should be. If you're wondering what they will bring to #DeFi you should check my previous threads about them. For now, I assume we all know.
2./ The real alpha for @prism_protocol is that they're not only focussing on splitting just $LUNA but all PoS assets. Think about $ATOM, $SOL, $ETH and $DOT. This combined with the fact that $PRISM is the base token in the liquidity pools is mind blowing. Why? I'll explain.
3./ Once a PoS asset is deposited in @prism_protocol the token deposited is the collateral and is used to mint a yield bearing asset and a principal asset. The collateral token doesn't disappear but is staked by the protocol.
Read 10 tweets
24 Oct
1./ I think @staderlabs is not getting the attention it deserves yet. Staking is one of the most important things in crypto but is not capital efficient in most cases. #Stader is going to change that.
2./ Built on #Terra, #Stader is going to disrupt the staking business. They have a lot of things they're planning to do and I'd love to tell you guys everything about it but today I'll be focussing on the thing I'm most excited about: Liquid tokens.
3./ Nowadays most of the times when you stake a token you're done. That's it, the token is staked. Not liquid anymore, but you're earning yield. It's not bad, but it could be better. What if you get a token in return?
Read 6 tweets
19 Oct
1./ We can use the vaults of @ApolloDAO for a while now and in my opinion everything is working fine. Why should we excited for their token? What does it add to the protocol?

A small thread:
2./ In DeFi we're familiar with auto compounders. Their services are great, but why would you want to hold their tokens? Not that much utility most of the times. But not for @ApolloDAO. Their auto compounding is great, but what you really should be excited about is the Warchest.
3./ 99% of the protocol's revenue will be redirected to the Warchest with the other 1% redirected to @angelprotocol. With these funds initially $LUNA, $bETH and $aUST will be bought (future allocation to be decided by the DAO).
Read 9 tweets
4 Oct
1./ If you noticed, @prism_protocol just released a sneak peak of their platform and it looks wonderful.

Lately I made some threads about them because I think what they're building is revolutionary and is going to chance the whole #DeFi game.
2./ However, despite my threads not everyone seems to get it yet. And to be honest, I can imagine. It's not easy to understand, but when you get it... I think you're going to be just as bullish as me.

So let's make another thread about @prism_protocol:
3./ What is @prism_protocol?

Quote: "PRISM is a revolutionary derivatives protocol that introduces new asset classes in DeFi, allowing
users to manage the risks associated with volatile prices and unstable yields in a simple and
capital-efficient manner...
Read 12 tweets
30 Sep
1./ Now Col-5 has launched it's time to look forward. Let me take you straight to September 2022.

It's been a rough year. All the centralised stable coins suffered from the actions of the regulators, but their was one stable coin they couldn't get their hands on: $UST!
2./ Because of this, combined with the ongoing mainstream adoption of crypto currencies $UST now has a marketcap of more than $USDC, $USDT and $UST combined one year ago. Of course this means $LUNA went parabolic and now is the most wanted asset around
3./ The few other stable coins that are still being used are mostly deposited into @orion_money where also the users of other chains receive an APY of around 20% because @anchor_protocol keeps delivering, helped by @neptune_finance.
Read 19 tweets
27 Sep
1./ Just imagine a collaboration between @prism_protocol and @ApolloDAO. All mAssets, $LUNA, $ANC, $MIR, $MINE and way more tokens split into yield bearing tokens and principal tokens, all pooled against $PRISM and made available in auto compounding vaults on @ApolloDAO
2./ The only thing you have to do is deposit $UST at @ApolloDAO and everything else will be taken care of behind the scenes. This would be so user friendly and create so much value for $PRISM at the same time...
3./ Keeping in mind that they're also planning to integrate other cross chain assets like $SOL, $ATOM and $ETH, @prism_protocol is going to attract an unbelievable amount of value. It's literally a #BlackHole.
Read 4 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!