Thread by @pscltllrd

The Forex Farming program overpassed $10.5M on @KyberNetwork on @0xPolygon.

It. Is. Incredible!

We spent money on this program. $JRT, $USDC, $jFIAT and $UMA. Was it worth it? What did it bring us?

Honestly, a bright future... a thread with some alpha...

1/8

https://twitter.com/beefyfinance/status/1456681695172775937

First, thank you @dydymoon1! Without his initiative, we would have never been on @beefyfinance.

I was like: Beefy won't be interested in us. We are too small; we are not known... I was a cretin.

Beefy helped us get bigger; get more known...

2/8

So, what did it bring us? TVL? Fees? Yes. But most importantly: it brought us leads...

Emails, Telegram, Twitter, Discord, Youtube... we have received a lot of solicitations...

Yes, yield farming, to some extent, is not sustainable, but it is a formidable marketing tool!

3/8

First, $jEUR as a means of payment. It will become a reality someday next year. You would be able to shop online using our stablecoin(s).

4/8

Then, $jEUR-USDC incentivized pools as collateral. This would allow some @MIM_Spell vibes: borrow stablecoins against a farm. GET PAID TO BORROW with a low, almost inexistent, liquidation risk.

5/8

GOLD!

Making tokenized gold accessible to more people, through $jFIAT... and... $jGOLD, to help tokenized gold maintained their peg and access on-chain liquidity...

6/8

Derivatives... What about leveraged Forex trading? Long and Short? Or BTC/jEUR copy trading?

And what about all the communities (+10) who contacted us to integrate $jFIAT + @mtpelerin to help their members to go from Fiat to Polygon (or soon BSC) in the smoothest way?

7/8

Definitely, this farming program helped many many more people to know about @Jarvis_Network and @mtpelerin.

This just have begun. Our ambition is to make our $jFIAT the most used, secure, liquid and scalable stablecoins, to integrate them within 100+ of services and products

gn