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Wolf of DeFi 🌖

30 Nov, 9 tweets, 3 min read

@staderlabs

1./ Yesterday @staderlabs announced $LUNAx. What is it, why is it import and why is it going to chance staking as we know it?

A thread 🧵

https://twitter.com/staderlabs/status/1465462906208854035?s=21

2./ $LUNAx is basically a liquid version of your staked $LUNA. Once you stake your $LUNA, $LUNAx can be minted. So your $LUNA is now staked and you have a new token in your wallet, $LUNAx. Sounds familiar? It's almost the same as the $UST - $aUST mechanism.

3./ Because your $LUNA is staked, you will still receive every #airdrop. $VKR, $MIR, $ANC, $MINE and so on. Not one of them you'll mis.

So, $LUNAx, why would I want it?

4./ Till now, once you staked $LUNA, your $LUNA was locked. You earned the rewards, but you couldn't use your $LUNA anymore. But not anymore. Because you need to burn one $LUNAx to unlock one $LUNA, your $LUNAx basically is one $LUNA.

5./ As we all know, we can do a lot with liquid $LUNA. So everything we can do with $LUNA, we should be able to do with $LUNAx. Using it as collateral? Of course. Using it in a liquidity pool? Damn sure. More staking? Oh wait, now it gets interesting.

6./ More staking would mean... More staking rewards! So, let's say you use your $LUNAx as collateral and borrow $LUNA and you stake this $LUNA. Again, you'll receive $LUNAx. Of course you can do this multiple times. It seems to be this is one of the coming features.

@anchor_protocol

7./ But you don't need to borrow more $LUNA. You can also use your $LUNAx as collateral to borrow $UST and deposit it in @anchor_protocol. Oh, wait. Who is going to give a heads up to @NexusProtocol? There is work to do! I rather not get liquidated.

8./ The $LUNAx contracts are currently being audited and this is expected to be finished in the first week of December. The exact launch date is not known yet but once it is, you'll here it from me!

@staderlabs

9./ In my opinion @staderlabs is doing great work. If everything goes according plan, I'm sure they will disrupt the staking industry.

And I'm not even talking about the decrease in liquid $LUNA they're causing. 🔥

Credits to this amazing project and team! 🤝

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More from @wolf_of_defi

Wolf of DeFi 🌖

@wolf_of_defi

1 Dec

@WhiteWhaleTerra

1./ @WhiteWhaleTerra is going to use a new way of launching their token; #BOOTSWAP.

Let me explain to you why they use it, how it works and how you can be prepared for their token launch. 🧵

@WhiteWhaleTerra

2./ We have seen quite a few token launches on the Terra network now and unfortunately, many of them were not perfect. Two major problems have been noticed by @WhiteWhaleTerra:

3./ The first one is too low liquidity which causes a huge price pump at the launch. Nice for the insiders but if you want to have a satisfied community this is not the way to go. The second problem is bots sniping all the liquidity which causes the same issue.

Read 13 tweets

Wolf of DeFi 🌖

@wolf_of_defi

29 Nov

@staderlabs

1./ Which one should I choose? Which metric is most important? What do I have to do with all those small rewards?

Familiar questions? You better go check @staderlabs! If you stake your $LUNA at @staderlabs you never have to worry about these questions anymore!

2./ At the moment their community farming event is live which means your rewards are being converted to $SD tokens at almost the same price that private investors have bought the token for. So; no regular staking rewards but cheap $SD tokens for the time being.

3./ In my opinion participating is a no brainer since I can't imagine that the $SD token will be trading for anything close to these prices.

Note: you're not receiving the regular rewards but you do receive your #airdrops!

Read 6 tweets

Wolf of DeFi 🌖

@wolf_of_defi

24 Nov

@ApolloDAO

1./ Liked the tweet of the @ApolloDAO #Warchest? Want to know more #Alpha?

Let's talk about $zAPOLLO 🔥

As promised, a thread about $zAPOLLO. What is it? Why is important? 🧵

@ApolloDAO

2./ Like with many protocols, staking a token gives you governance rights. @ApolloDAO will give the same rights to people who stake their $APOLLO LP tokens. So where comes $zAPOLLO into play?

@ApolloDAO

3./ @ApolloDAO will utilise a similar tokenomics model as @CurveFinance where people can stake and lock their tokens in order to get rewards and governance rights.

Read 11 tweets

Wolf of DeFi 🌖

@wolf_of_defi

24 Nov

@ApolloDAO

1./ Today is the launch of the $APOLLO token from @ApolloDAO.

Why has this token value, why you should be excited and why I'm ready to buy. Not financial advise.

The main things to discuss are the #Warchest and the $zAPOLLO token.

A thread about the #Warchest🧵

@ApolloDAO

2./ So, the #warchest

Liquidity incentives can't last forever and @ApolloDAO is aware of that. Where many protocols face the problem of how to keep incentivising LP providers when all the tokens are distributed, the Apollo team has already solved this before TGE

3./ The #warchest is the solution for this, but what is it?

The community farming event was used to boost the value in the #Warchest. Users were able to deposit mAssets LP tokens, as well as other #Terra governance token LP pairs.

Read 13 tweets

Wolf of DeFi 🌖

@wolf_of_defi

22 Nov

@Minerva_NFT

1./ One of the projects I'm really excited about although not many people are talking about it is @Minerva_NFT. As the name shows, it's a NFT project. Unlike many of the NFT "projects" that only distribute mostly worthless JPEGs, @Minerva_NFT has a real use case. A thread 🧵

@Minerva_NFT

2./ Although @Minerva_NFT is a NFT projects, they don't make use of the default NFT standard. They are going to use the ADOs made available by @AndromedaProt. Another time I'll explain what the difference is, for now, let's focus on @Minerva_NFT

@Minerva_NFT

3./ So if it has nothing to do with JPEGs, what is it? @Minerva_NFT is bringing real world assets to the blockchain. What kind of real world assets? Wine people, wine 🍷 So why is this a thing?

Read 7 tweets

Wolf of DeFi 🌖

@wolf_of_defi

10 Nov

@loop_finance

1./ Yesterday @loop_finance made an announcement of the NFT LP Bond marketplace for @terra_money. But what exactly are we talking about? Let's dive into it!

https://twitter.com/loop_finance/status/1457580633761349632?s=21

@OlympusDAO

2./ Before @OlympusDAO created the biggest innovation #DeFi has ever seen, liquidity providing was like chasing green candles. #Aping into pools with a promising >2000%+ APY, until a blink of an eye later it’s down to <20%. If you can’t beat @anchor_protocol, why bother?

3./ Liquidity Providing used to be time-consuming, research intensive & very risky. How often did you get rugged/rekt? And how many protocols didn’t make it, because we kept selling their #shitcoin until not a single mad man was willing to LP for them?

Read 9 tweets

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