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.
4./ Let's take $LUNA as example. Once I deposit 1 $LUNA I mint 1 $yLUNA and 1 $pLUNA. The $LUNA I deposited initially is staked. If I choose to stake my $yLUNA I'll receive the staking rewards but if I choose to do something else with my $yLUNA I won't.
5./ Let's decide to stake this $yLUNA because I still want to receive my airdrops. I now have 1 $pLUNA left doing nothing. I could use it as collateral or place it in a liquidity pool but whatever I do, it's definitely more capital efficient than just staking $LUNA.
6./ This capital efficiency is not only increased for $LUNA, but for all PoS assets. Basically, it just doesn't make sense anymore to not deposit your asset in @prism_protocol if you were planning to stake it in the first place.
7./ So what if a large part of the PoS assets that are now being staked are moved to @prism_protocol, what will happen? People need to make a decision what to do with their principal assets and we all now placing it in a liquidity pool is preferred by many.
8./ Because $PRISM is going to be the base token of all liquidity pools there should always be an equivalent amount of $PRISM in dollar value in the pools as all other principal assets combined.
9./ Imagine a percentage of all staked $LUNA, $SOL, $ETH, $ATOM and $DOT summed up. I don't have the numbers, the only thing I now that is a lot. 3 of the projects mentioned are in the top-10 ranked on market cap. The other 2 should be in the top-10.
10./ @prism_protocol is going to be mind blowing. It's a fact, no doubt about it.

The words to describe how bullish I am are yet to be founded. If you're not, you're not gonna make it. It's easy as that.

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More from @wolf_of_defi

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
13 Oct
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.
Read 4 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

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