$LYRA already confirmed a small airdrop to $SNX stakers but the big bulk of the rewards are being distributed atm through their Ignition program!

Token unlock is mid-December πŸ”₯

Calculated APR's the other day based on $1 price assumption (picture right)🀯 ImageImage
You can provide $sUSD liquidity in the option pools which has the most juicy rewards.

You will need to buy $sUSD on @optimismPBC or mint it with $SNX

Next trading round starts in 3 days until then your deposits will be queued.

⚠️ risks : docs.lyra.finance/implementation… Image
You can also earn rewards by buying and selling options (a.k.a trading) or by providing liquidity on the $sUSD - $DAI pair on Uniswap V3 on Optimism. Image
Last but not least you can stake $USDC in the safety module which is the only component of Lyra that is on Mainnet.

It acts as a security backstop in case the protocol is insolvent.

app.lyra.finance/pools/security…
To bridge funds to and from @lyrafinance you can use @HopProtocol or other available bridges.

β€’ β€’ β€’

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

Keep Current with DeFi Airdrops πŸ¦‡πŸ”Š

DeFi Airdrops πŸ¦‡πŸ”Š 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!

PDF

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 @defi_airdrops

25 Nov
60k followers calls for a thread πŸŽ‰

This account has always been about bringing opportunities to users.

Opportunities that we are able to spot because we spend countless hours/day researching..

In our opinion, the next big thing are going to be rollups a.k.a Layer-2's πŸ‘‡
It's increasingly becoming evident that no monolithic blockchain can scale enough to meet the demands of potentially billions of users

Especially not without compromising on decentralization

Ethereum has chosen to scale *vertically* through rollups which seems very promising Image
Rollups change the game for Ethereum by separating execution from storage

Today, execution takes up a lot of the blockspace on Ethereum, making transactions expensive.

Increasingly, execution will shift to rollups which only submit proofs ("data") to the Ethereum mainchain
Read 9 tweets
4 Jan
Wanna know which project could be next to airdrop?

Here's a list πŸ‘‡
@dydxprotocol - a decentralised BitMex offering spot, margin and perpetual trading for ethereum based assets.

Top notch team around ex-Coinbase engineer @AntonioMJuliano

Even if they don't do an airdrop you should check them out:

dydx.exchange
@furucombo - like @zapier but for DeFi

It allows you to build custom transactions with @AaveAave , @BalancerLabs , @CurveFinance , @MakerDAO , @UniswapProtocol , @iearnfinance & @1inch with a modular drag and drop like interface

furucombo.app
Read 14 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

Thank you for your support!

Follow Us on Twitter!

:(