I've been trying several wallets lately.

This week I started using the XDEFI wallet for my $LUNA & $UST instead of Terra Station.

The main reason: it wasn't possible to have several wallets in the same account on Terra Station (which is important for DeFi degens).

/THREAD
Look at the screenshot below.

I have 4 different accounts within my XDEFI wallet (4 different Terra addresses) for different purposes.

Let me explain what I use them for:

Main account: sending/receiving money

NFT storage: where I store my NFT's

/1
Burner account: when I participate in NFT mints or staking/yield farming

Anchor Protocol: This is where store my UST on Anchor

When I used Terra Station I had 4 different wallets, and I couldn't be logged in at the same time (which annoyed me).

/2
Another cool function is that you can deposit your $UST directly into Anchor Protocol (see screenshot) from the XDEFI wallet.

Yes, you can also do this at Terra Station.

But it was important for me to have this function in XDEFI in order to replace Terra Station.

/3
NFT integration:

The XDEFI team said in a podcast that their goal was to be the best wallet for LUNAtics.

I feel they're really trying here, and it's super cool to watch my NFT's in my wallet.

Soon you can also buy/sell your NFT's directly on Random Earth from the wallet.

/4
I'm not going to make a guide on how to set up the wallet, because I'm sure you manage that on your own if you go to xdefi.io

Tips: When you try to connect your wallet to a dApp you have to press the "Terra Station extension" button.

cont.

/5
Normally your Terra Station wallet will pop-up, but if you go into the XDEFI wallet and choose "prioritise XDEFI" you will set your XDEFI wallet as your main wallet.

Soon we will see a XDEFI-symbol as well on dApps, but until then just use the method described above.

/6
There will also be Astroport and Wormhole native integrations coming soon

3 things I hope will be integrated with @xdefi_wallet:

1. Yield-strategies: integrate Mirror Protocol strategies, Nexus Mirror UST Vault, Kinetic Money self-repaying looping, etc. (tbh, I don't know..

/7
if this is possible, but would be so cool to do everything from a wallet).

2. Overview: another thing I hope for is that XDEFI could integrate something like Apeboard in the wallet (not necessarily Apeboard.finance, but at least a way too have an overview over...

/8
all your Terra-assets in all different yield-farms, staking pools etc. in the same clean was as Apeboard offers.

3.Cross-chain swap: Imagine that you have $ETH-tokens in your XDEFI-wallet, but you want to swap them to $UST.

/9
The normal procedure is to use bridge.terra.money, but it would be awesome if a cross-chain swap was integrated into @xdefi_wallet to make it less hassle.

Thoughts @xdefi_wallet?

Would love to have your inputs on this.

/10
That was it!

I hope you learned something new.

If you want more updates on DeFi and crypto, subscribe to my newsletter here:

getrevue.co/profile/route2…

/11
If you liked this thread, I would love it if you could share it with other people by retweeting the first tweet:



/12

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More from @Route2FI

22 Dec
The Terra Degen Yield Strategy

This is a strategy on the Terra ecosystem that lets you increase your APY from 20% to 40% on Anchor Protocol by using a smart trick on Mirror Protocol.

A step-by-step thread on how to double your stablecoin-yield with low risk.
First of all, this is not a delta-neutral strategy.

I used to love the delta-neutral version, but now the APY is reduced on Mirror, so it's not very effective anymore.

To understand Mirror better, I recommend you to check out this...

1/
thread first before you read on:

Okay, let's dive into the strategy.

Let's say you have $100K (works with any amount, so follow the same steps if you have $1K too).

Anchor gives you 20% (which is good compared to the stock market).

But what if ...

/2
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18 Dec
How to make it in DeFi part 2 - What are the risks?

You've probably seen that there's a lot of new DeFi protocols popping up every single day.

But how do you know if you can trust a DeFi protocol?

And how much should you invest?

/THREAD
It's about time we talk about risks and where to seek information in the DeFi space.

First of all, if you missed part 1 you can find it here:



Now, let's talk about risks in DeFi and what you should look out for:

1/
1. Smart contract risk: all small contracts can get hacked.

This isn't something you can spot immediately.

You should therefore look if it's audited by firms that are well-known (more about this later)

/2
Read 40 tweets
11 Dec
How to make it in DeFi: part 1 (starting out in DeFi)

This thread will be thread 1 (will make 5 or 6 in total).

The purpose of these threads is to get you from knowing nothing about DeFi to become an advanced DeFi degen.

/THREAD
I know what you’re thinking anon, why get out of Coinbase and Binance where everything is safe and well-known?

If you’re happy with buying/selling and trading tokens, this may be enough.

But crypto is so much bigger now. Why not...

1/
explore all the golden opportunities that are out there.

But why care about DeFi at all?

Let me present some of the opportunities in DeFi (maybe you don't understand everything now, but during all my 5-6 threads you will):

/2
Read 29 tweets
7 Dec
Let's look at Bomb Money.

A fork of one of my favorite degen plays $TOMB.

This is the first fork of $TOMB I've seen.

It is on the BSC chain (which makes me skeptical), but let's dig in why I think it's worth a try.

5,800% + 4000 APR

This equals 12-20% per day, anon.

/THREAD
First of all, the risk level is 10/10 which means it could be completely worthless or that it could moon 10x.

Personally, I'm only betting 0.5% of my portfolio.

Remember $TOMB who pegs to $FTM?

The main difference with @BombMoneyBSC is that it tries to peg to...

/1
$BTC, instead of $FTM.

The peg is 10,000 $BOMB : 1 BTC.

It is currently over the peg (1.09 atm).

If you don't remember what the concept of $TOMB was, you can recap here:



/2
Read 12 tweets
25 Nov
Let's talk about $FTM

$FTM is a cryptocurrency that currently has a 6.1B mcap

The quality of their DeFi protocols and the interaction between them makes this one of the most interesting plays in DeFi right now for true degens

Let's take a look at all the opportunities

/THREAD
I'm going to start this by listing up some protocols and we will look closer at several of them later in the thread:

@Reaper_Farm = Auto-compounder

@SpookySwap = farm / AMM

@Spirit_Swap = farm / AMM

@beethoven_x = farm / AMM

@TarotFinance = leverage LP farming

/1
@Screamdotsh = lending / borrowing

@GeistFinance = lending / borrowing

@LiquidDriver = Sustainable farming driving liquidity

@Tombfinance = wild staking APY on $FTM

@financegrim = Auto-compounder

@paint_swap = NFT marketplace

@scarecrowdefi = Yieldfarm with sick APY

/2
Read 32 tweets
22 Nov
You already know that I like $TIME and $OHM.

Here is a new DeFi 2.0 protocol that is launching on Solana that I think will challenge the top 3.

It's called @BabylonDAO (⏳,⏳)

Let me explain why this isn't just a copy-pasta fork of $OHM and why it offers unique value.

/THREAD
@BabylonDAO has used a long time on their launch, and for a good reason.

Let me present 3 points on why BabylonDAO is unique, and we will go through them in detail later in this thread.

1. Super strong community and solid roadmap

/1
2. Babylonswap: building their own DEX (the goal is to have all trading pairs)

3. Babylon is not looking at being an $OHM fork it’s looking at being the reserve currency of the whole internet.

Okay, let's start.

BabylonDAO is a...

/2
Read 31 tweets

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