Thread by @GrandApeLodge

/0 Today we will discuss @StakeDAOHQ - a powerful non-custodial DeFi platform that has masterfully integrated NFTs in its strategy
Disclaimer: We are long $SDT tokens and its NFTs.

/1a Airdrop Launch - To draw users’ attention to StakeDAO when first launching, the team did an airdrop for 1.5% of the SDT token supply. To attract a good mix of engaged users, they dropped to:
@gitcoin contributors, holders of @bneiluj’s $JULIEN, @RektHQ subscribers ...cont.

/1b ...cont… @LidoFinance depositors, Flash Boys users (@ArbitrageDao), and governance participants from a long list of some of DeFi’s top projects, such as @AaveAave, @aavegotchi, @BalancerLabs, @CreamdotFinance, @CurveFinance… and many others

/2 Incentivization - Combined with a solid liquidity incentivization mechanic for Liquidity Providers, SDT had a great start as a token, garnering lots of well-deserved attention. Currently, SDT is dynamically used to incentivize different strategies, LP positions and SDT stakers

/3 Yield - With strategies currently available across 4 chains: @ethereum, @0xPolygon, @BinanceChain, and @avalancheavax, StakeDAO provides impressive yield through proper management and SDT bonuses for LP farming. 20%-30% for passive USD strategies? Yes please!

/4 SDT Token - The value of SDT (and it’s staked counterpart xSDT) is derived through the yield generated through performance fees on investment strategies and Proof Of Stake nodes that are run by StakeDAO. As a community, all StakeDAO users support each other this way.

/5 Utilizing your SDT tokens - To maximize the returns from your SDT, be sure to stake them through the Governance tab (exchanges them for xSDT), and then put those into The Palace through the Marketplace tab. This will earn points which can be redeemed for StakeDAO NFTs

/6 NFT - Through beautifully designed NFT cards, holders can increase their SDT returns. The method through which your APY boost is calculated is hard to capture in a tweet, but see stakedaohq.medium.com/bonus-rewards-… for a rundown. The Marketplace tab has a handy calculator to help as well

/7 Free NFTs - By earning points for xSDT staked in The Palace, you can redeem those points for NFTs. Let’s follow one example; Tempest Common. Those required 500 points to redeem. If you had 1000 xSDT staked, that would have taken less than 3 weeks to earn the points needed.

/8 Boosted APY with NFTs - If we take the example of investing 10,000 USD of value in the Passive EUR Strategy and farming it, you’ll be earning ~25% APY from the strategy PLUS an extra ~45% APR from the boosted SDT rewards paid weekly (all % provided are at current rates).

/9 Value of the NFTs - Seeing as how the 100 common Tempest cards have been redeemed already, you’d need to purchase yours on OpenSea. Tempest currently has a floor of 4 ETH, though Pythia (which brings the same boosted yield) has a floor of 3 ETH.
opensea.io/collection/sta…

/10 Selling NFTs - By staking your xSDT in The Palace you’re inching ever closer to redeeming an NFT! With the floor currently at 3ETH, it’s quite an added boost that most investors aren’t calculating in. And with tangible returns tied in, these NFTs have real intrinsic value

/11 Recent NFT sales - Every so often StakeDAO will sell off some of the rare/unique NFTs. Just a week ago, the unique Pythia went for a staggering 40 ETH, and in the last 2 days rare Pythias went for 8.6 ETH and 11.1 ETH!

/12 Bonus NFT Utility - One of StakeDAO’s latest additions was an arb strategy on Avalanche. To utilize this strat you had to hold a Tamiel or Leviathan NFT. Depending on the rarity, you could deposit more SDT to earn yield on. For a bit this strat was earning north of 2000% APY!