Let me start with some of the degen things I've done lately.
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1. Tomb Finance:
Go to tomb.finance and find the $TOMB/$FTM LP-pair pool in the Cemetery.
$TOMB is pegged to the price of FTM, so farming FTM:TOMB should net no IL, and you're paid out in $TSHARE (259% APR = 1417% APY).
$TSHARE currently trades at $11,270.
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Then farm TSHARE:FTM (472% APR = 10,782% APY) to get paid more $TSHARE.
After that single side stake the $TSHARE you earn from both of those farms at (576% APR = 27,666% APY).
Or, just do FTM-TOMB and single-stake all the rewards straight into $TSHARE
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If you don't want $TSHARE, but prefer to auto-compound and get more of $FTM and $TOMB instead, just go to grim.finance and find the FTM-TOMB pool instead.
APY is 1600% which is more than in tomb.finance (auto compound).
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I'm a little bit afraid that I lost some readers by explaining this, it is easier than it sounds. I promise.
But if you find this hard now, read on and try to understand. This is where the real degens earn a lot of money now.
To illustrate with an example. Let's say you...
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have $10,000 in $FTM.
If you are bullish on $FTM for the long run you could buy 50% $FTM and 50% $TOMB.
With an APY in the auto compound pool on Grim, you would earn 1600% per year.
This means that if you invest $10,000 today you would have $160,000 in one year.
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This is if the $FTM token is worth $2.35 in one year and the APY is constant.
If the $FTM price is $10, then you would have approx. $730,000.
If the $FTM price collapses and is worth 90% less ($0,235), then your position is worth $16,000.
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This is 60% more than what you started with even if $FTM has collapsed 90%.
When I did these calculations it blew my mind. As I wrote in a tweet yesterday, this is maybe the craziest thing I've seen in normal DeFi.
11/
2.Grim Finance:
Grim is a fork from Beefy and Convex finance with some changes.
A big attraction is the auto compounding feature.
Allowing you to kind of “set and forget”.
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Grim is an auto-compounder for most of the pools you can find on these DeFi protocols:
Beethoven is classified as a balancer protocol. Instead of having a portfolio manager, this project...
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(and the ones before it) collect fees and redistribute them to liquidity providers.
Users gain revenue from the fees collected when traders (mainly arbitrage traders) use the protocol.
Pretty cool.
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I haven't personally tried this, but maybe some of my readers would like to expand on their experiences in the comment section?
9.Raven (Scarecrow Finance)
Yieldfarm with sick APY. I think you just have to go there yourself: raven.scarecrow.fi/pools
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Haven't personally tried this, but got heads up from several Fantom degens on this protocol.
What about single-side staking of the stablecoin $MIM to 1373%?
Or $USDC to 585% APY?
If you wrap your Bitcoin ($WBTC) you can get 850% APY.
The rewards are paid out in...
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the $RAVEN token.
This thread is starting to become long now, and I think it's time to conclude that $FTM is one of the wildest ecosystems I've ever tried when it comes to DeFi.
$FTM's slogan should be:
"For degens, build by degens"
Because they deliver 100%.
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Fantom has wild APY, great UX, easy to use, low gas, lots of farms ++
Also wanted to thank @JacobH68385985 and 0xDrog for great $FTM conversations and for tipping me about all the possibilities on Fantom.
Also a huge thanks to all the true Fantom enthusiasts out there!
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If you liked this thread I would love it if you could help me share it by retweeting the first tweet (link below) so that more people in DeFi discover $FTM.
Top 5 bullish crypto plays for the next 3-5 months
Here are the projects that I think can have a 3-10x upside in the next couple of months.
Warning!
Playing these may make you financially free 🐸
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1. Unipilot ($PILOT)
-A competitor to $ICE, but 10x smaller mcap
-LPs can provide liquidity for any Uniswap pair.
-$PILOT makes sure that liquidity is always optimized and earning the maximum amount of fees
-Unipilot index fund (reminds me of rebase tokenomics)
cont.
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-The platform will launch in 9 days, but the token is available to buy at Uniswap.
-$PILOT had a fair launch. No extra benefits for the team and VC's.
-Triple audited
Brother, @____ProfessorX did a massive write up, so make sure you read his thread: