It all starts here!
Get your piece of the backbone of #DeFi Convexfinance.com will help you to accumulate $CRV and $CVX.
I call this the retirement fund. ( ultra long term)
TIME FOR A THREAD 😃
The strategy I'm about to outline is optimized for yield generation. Financial freedom means you need more money coming in than going out! So here we go;
Step #1: Buy $CVXCRV -
you can go to sushi.com to swap any token for $CVXCRV
Step #2: Stake $CVXCRV on convexfinance.com -
deposit your freshly purchased tokens onto convex in order to get paid a dividend.
Step #3: Withdraw your winnings -
( for smaller accounts let your dividends accumulate for a few months before withdrawing)
$CVXCRV pays out in 3 different types of tokens.
$CRV $CVX and $3CRV ( basket of stablecoins)
Step #4: Compound your dividends -
This is where the magic happens.
Depositing the $CRV $CVX and $3CRV to compound your rewards is a very powerful thing.
Step #5: You'll also receive bribes paid in all sorts of different tokens from staking your $CVX - My recommendation with those tokens is to let them accumulate and once its worth the gas fee sell for more $CVXCRV
Step #6: Repeat step #4 -
Even putting a small part of the portfolio will make a huge difference in 5-10 years. This is the new 401-k and the earlier you get started the wealthier you'll be. #FinancialFreedom
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Ladies and Gentlemen!
Today Ill explain a #StableCoin strategy .
This one really shows the power of #DeFi but is a little more complex, * MAKE SURE THERE IS AVAILABLE $MIM TO BORROW FIRST. THREAD TIME;
Have you ever wished you could get paid to take out a loan? thread coming soon $AAVE $AVAX
OKAY this is an easy one! Get paid to take out a loan on aave.com -
This is a decent strategy if your stuck between two different assets, or simply want to compound gains let me explain;
for this example we will be using AAVE on the Avalanche Network! Simply plug in the Avalanche info found here -> support.avax.network/en/articles/46…