How to earn 35%+ on #stablecoins - a step-by-step guide ๐Ÿช™ ๐Ÿ‘‡

#crypto #cryptocurrencies #yieldfarming #DeFi
1/ A few days ago, I wrote a step-by-step guide on how to earn 20% on $UST stablecoins using @anchor_protocol:

2/ You'll need to have a Fantom wallet set up in Metamask. Here's how you can set up a $FTM wallet ๐Ÿ’ฐ

docs.fantom.foundation/tutorials/set-โ€ฆ
3/ Next, you'll need funds in your $FTM wallet. Here's how you can bridge your funds over to the #Fantom network for cheap ๐Ÿค‘ ๐Ÿ‘ป

4/ Now, use SpookySwap (spookyswap.finance) to swap your tokens for the #stablecoin of your choice. Here are the current APYs:

- $DOLA - 37.94%
- $TUSD - 33.30%
- $FRAX - 28.97%
- $MIM - 19.61%
- $USDC - 13.11%
- $fUSDT - 12.33%
5/ Now go to app.beefy.finance/#/fantom ๐Ÿฎ

Filter Vault Type to "Single Assets".

Find the stablecoin of your choice, approve and deposit.

Let's say you chose $TUSD. You'll be given "mooScreamTUSD" tokens in exchange for your deposit, which can be redeemed for $TUSD at any time.
6/ @beefyfinance optimizes your yield by finding the best liquidity pools & yield farms, and auto-compounding your rewards to turn your APR into APY ๐Ÿค‘ ๐Ÿ„

It's a great product. On @beefyfinance, you can also earn:

- 9% on $BTC
- 12% on $LINK.
- 7.5% on $ETH
- 22% on $AVAX
7/ This is a relatively low-risk strategy. But it's #crypto so obviously there are still risks.

โ˜ข๏ธ Some risks and caveats ๐Ÿ‘‡

- These APY rates change constantly, so the rates tomorrow won't be the same as the rates today.
8/

- There's a reason you're getting higher rates on some Stablecoins vs others. $DOLA is not as tried and tested as $USDC.

There is a higher de-peg risk with newer stablecoins ๐Ÿ’ธ

If you want something safer, stick with @anchor_protocol and $UST

9/ Since the rates change constantly, it's good to check up on them regularly and make sure it's still worth it to keep your funds in there.

Since the $FTM network fees are so low, and there's no fees for most of these vaults, it's very low-risk to move your funds around. ๐Ÿ‘ป
10/ If you liked this thread, let me know what #DeFi strategy you'd like me to post about next. I'm planning to post about:

- How to snipe cheap $LUNA / $ETH using Kujira ๐Ÿณ

- Terra Luna ecosystem projects ๐ŸŒ•

- Farming stocks using @mirror_protocol ๐Ÿ“ˆ

#wagmi apes ๐Ÿ‘ฉโ€๐ŸŒพ

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More from @shivsakhuja

8 Dec
How to snag cheap $LUNA and $ETH below market value using @TeamKujira's Orca protocol ๐Ÿ‹

Here's an explanation of how it works, and a guide on how to use it ๐Ÿงถ ๐Ÿ‘‡

#DeFi #Crypto #Cryptocurrency #Whales #Terra #TerraLuna #Cryptocurrencies
1/ You already know about setting limit buy orders to scoop up crypto when its market price dips. This is not what this guide is about.

This guide is about a new way to scoop up crypto for a (possibly hefty) discount to its current market price.

Read on..
2/ @TeamKujira's #Orca Protocol allows users to snipe crypto for cheaper prices when borrowers get liquidated. ๐Ÿณ

This means you could buy $ETH or $LUNA for 10% less than its trading price.

Maybe even 20% cheaper. Or 30%. ๐Ÿ‘€

Here's how it works..
Read 18 tweets
7 Dec
An ecosystem I have really begun to like recently is Fantom or $FTM
๐Ÿ‘ป

Hereโ€™s a thread about $FTM , and why it's looking interesting right now: ๐Ÿชก ๐Ÿ‘‡

#crypto #DeFi #cryptocurrency @FantomFDN @fantom_daily @FTMAlerts #Fantom #smartcontract #blockchain
1/ $FTM is an L1 smart contract platform like $ETH and $AVAX.

The big benefits over $ETH are speed, scalability and low fees.

This is what most L1 smart contract competitors like $SOL and $AVAX offer, given that those are $ETH's biggest problems right now.
2/ From Fantom's website: โ€œTransactions on Fantom are finalized in a second and cost a fraction of a cent.โ€

As a user of $FTM, I can verify that transactions are indeed really, really fast. It even makes $MATIC seem slow.
Read 15 tweets
6 Dec
Bridging your assets between chains is one of the most confusing and frustrating parts of the #DeFi experience.

This is a barrier that holds a lot of people back from participating in DeFi. Here are some solutions / workarounds I have found ๐Ÿ‘‡
1/ Use an exchange like @binance / @gate_io / @kucoincom.

This is the easiest method. Buy $LUNA / $FTM / $AVAX / $MATIC and withdraw directly to the chain of your choice.

@coinbase unfortunately doesn't let you withdraw to most chains except $ETH. Very frustrating ๐Ÿ˜ก
2/ Example: If you already have funds in Ethereum network, I would probably do the following:

- Send $ETH to @binance / @gate_io
- Sell $ETH for $USDT
- Buy $MATIC with $USDT
- Withdraw $MATIC to Polygon network
- Use QuickSwap to exchange $MATIC for $ETH

๐ŸŽ‰ You saved ~$100 ๐ŸŽ‰
Read 6 tweets
6 Dec
Most people I know who own #crypto don't actually earn any interest on it.

This is a massive loss of free money. But people enter crypto for 10x and 100x gains, not for 10% on their crypto.

But consider this ๐Ÿ‘‡
- You are a crypto HODLer who believes your portfolio will 10x over the next 5 years.

- If you hold only $BTC and $ETH, you can probably get around 5% annually.

- If you hold large cap altcoins, 10-20%

- If you hold the degencoins I think you do, then 50-100+%

Keep reading.
Let's assume you get 10% on average on your bag of coins.

Over the next 5 years, that's 61%.
Over the next 10 years, that's 160%.

If your portfolio 10x in 5 years, you'll have missed out on 600%. If 10x in 10 years, 1600%.
Read 5 tweets

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