1/ The launch of Thatcher’s Reservoir marks the dawn of a new era for #Huckleberry as it becomes the first platform to offer a fully-fledged, in-house DEX and lendin’ protocol on @MoonriverNW.
Borrow up to 80% on stables (like $USDT and $USDC), 70% on $DOT and 60% on $MOVR.
1/ The followin' is part performance art, part important information.
Below, ol' Finn outlines how and why the launch of #Huckleberry's new lendin' platform, Thatcher's Reservoir, brings yield farmin' (and really all of #DeFi on @MoonriverNW) to the next level.
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2/ Some things to keep in mind about yield farmin':
- Needs 2 tokens in equal ratio
- Tends to offer high APRs
- Subject to Impermanent Loss
Put 1000$ into yield farmin' and it's possible you end up with less (in a worst case scenario)
3/ Some things to keep in mind about lendin'/borrowin':
- Needs only 1 token
- Tends to offer lower APRs than yield farmin'
- No Impermanent Loss
Put 1000$ into a lendin' platform and you will always end up with more (even in a worst case scenario)