'Twas the night before Christmas, and all through the land,
The degens were stirring, and rubbing their hands;
They’d bought every $OHM fork, every Tomb Finance clone,
Had rebase reminders plugged into their phones...
They’d stacked their $nICE, set aside their $xJOE,
With lp positions, their bankrolls they’d grow;
They’d hoarded their $TIME, and grabbed their $sSPELL,
Went nuts with $rDOPEX, just imagine the smell!
They’d got rich in the spring, all on Easy Mode,
Then sold in the summer, to @Tetranode;
When autumn arrived they got lucky once more,
The frogs finally triumphed, and were no longer poor!
More Curve and more Convex, these they had stacked,
Locked more $FXS, with no looking back;
They’d longed alt-L1’s on @zhusu's claims,
And used @beefyfinance on eight different chains;
They’d been rekt by Snowdog, had cursed with a sigh,
Had referred poor @satsdart to the FBI;
They’d aped into ponzus, but hit some home-runs,
Grown their assets, to staggering sums;
But now in December, still thirsting for more,
They longed to discover, their next great big score;
‘What will be next?!?’ they asked with a cry,
As they scrolled through ct, past @Banteg’s hentai;
No $SHIBA, no $DOGE, no $FLOKI-whatever,
No $DOT and no $FILE, no $ADA not EVER!
No Axie, no $GALA, they’d already pumped;
No Polka-something-something, that VC’s would dump;
They longed for one more, great dopamine hit,
And searched and searched, but could not find a fit;
Then they awoke, upon Christmas day,
With a stunning new airdrop… to meme with all day :)
The team at @Spirit_Swap has been shipping like crazy lately!
Here’s an updated thread on everything to know about Spirit Swap and $SPIRIT for the start of 2022:
1/x
Brief intro: Spirit Swap is one of the OG dex's/AMM's on Fantom.
Today, with $FTM surging upward, the @Spirit_Swap team is unveiling some extremely innovative stuff, and have pivoted to a tokenomics model that could be VERY consequential going forward :)
2/x
Before we get to the new stuff, some basic info...
$SPIRIT’s current price is $0.161 and market cap is 47M.
It has a TVl of around 210M, making it the second-biggest Fantom-native dex after Spookyswap.
It currently ranks #669 on @coingecko by marketcap.
Fun pop quiz, which of the following would have been profitable (vs just holding) if taken 6 mo ago and held til today?
a) ETH-AAVE at 30% apr
b) ETH-FTM at 50%
c) ETH-USDC at 20%
d) AVAX-USDC at 100%
e) AVAX-USDC at 250%
1/x
Answers to quiz at bottom of thread :) But first, a brief breakdown of Impermanent Loss (hereafter called 'IL').
Since I started farming fulltime, IL has occupied my thoughts every day, but its a tricky subject, and there's some bad takes you'll see floating around on it.
2/x
First a definition: IL is the relative loss you incur from providing tokens in a liquidity pool within an AMM, vs just holding them for (hopeful) appreciation.
There is always IL, the only question is if the yield you are given as an incentive to LP will outweigh the IL.
3/x
Okay my good frogs, its clear I'm not the only big-time $FTM fan here on CT... so wanted to do a thread of threads (yes... I'm a threadoor) on @FantomFDN $FTM!
Thread: 5 Awesome Threads That Make Me Bullish On $FTM (+ Yield Farming Strategies)
1/x
Here is an absolutely fantastic thread from earlier today on $FTM by one of my favorite ct accounts, @JackNiewold.
It breaks down the bull case for $FTM and why it is potentially undervalued as an L1:
One: Is the most famous @FantomFDN farm pair of all... $FTM / $TOMB...
I am a big fan of @tombfinance and @harryyeh, and very bullish on Fantom... as a result this is a mouth-watering opportunity due to the (theoretical) lack of impermanent loss... cont.
2/x
...and crazy high apr's...
The below screenshot is of the option to auto-compound $FTM/ $TOMB on the wonderful @beefyfinance . Auto-compounding is especially helpful at high apr's like this, since it can dramatically increase your overall return.
As mentioned in my thread yesterday on '12 Reasons Beefy Finance $BIFI Is An Undervalued Gem', this is a strategy you can use to get extra high apr's with your $BIFI.
Step Two: Deposit your $BIFI in the Beefy.Finance-Fantom "BIFI Maxi Vault".
Note: Right now... (cont.)
..the apr is kind of low, but when $FTM starts going up in price again after this dip we've had, it should be comparable to the BIFI Maxi Vaults on other chains.
Step Three: Go to @QiDaoProtocol, which recently started accepting mooBIFI receipts as collateral.
Okay anon - have you followed @CFrogE1 and @noahseidman and become @CurveFinance -pilled but want to avoid ETH gas fees? In this #FrenchChart we'll break down the best way to earn yield on $CRV outside of ETH L1!