1./ Imagine staking your $LUNA at @staderlabs, receive $LUNAx and use it as collateral on @mirror_protocol ๐Ÿ”ฅ๐Ÿคฏ

You can now vote on this proposal:

mirrorprotocol.app/#/gov/poll/225

But why is it important? Why should you actually care?

A thread ๐Ÿงต๐Ÿ‘‡
2./ As we all know, it's possible to use a delta neutral strategy on @mirror_protocol. This basically means that you have the same upside as downside. So no matter which way the price is moving, the value of you're holdings stay (almost) the same.
3./ But why is it interesting? Why should I care if my values stay the same? Well, both your short as your long position will give you rewards. See the picture below for some examples
4./ So by opening a delta-neutral position, you are at almost no risk for price movements but you do farm rewards. Amazing, isn't it?
5./ But why do you need $LUNAx? For opening a short position collateral is needed. As you can see below you now have the choice between $UST, $aUST and $LUNA. You can't stake $LUNA and use it as collateral at the same time at the moment. But $LUNAx might be added.
6./ And there is a big difference between using $LUNA and $LUNAx as collateral.

Once you choose to liquid stake your $LUNA at @staderlabs you receive $LUNAx in return. $LUNAx is basically the right to reclaim your original deposited $LUNA.
7./ You're now staking your $LUNA, so you are receiving #airdrops and yield, but you have a liquid token in return at the same time; $LUNAx. When it would be possible to use this as collateral you're able to receive staking rewards and use it as collateral at the same time!
8./ That's what I call capital efficiency! Not having to choose between either of the two but choosing both at the same time.

In my opinion this opens a new strategy on the #Terra network, which I always like.
9./ Please note that using $LUNA or $LUNAx as collateral is a way higher risk than using $UST or $aUST. If you don't understand this, please do your own research on how short positions and collateral work before starting with this.
10./ If you want to know more about the delta neutral strategy, there are a lot of excellent video's about it available on youtube. I recommend to watch these before starting.
11./ For now, I think it's time for the $MIR governance stakers to let your voice be heard:

mirrorprotocol.app/#/gov/poll/225

@staderlabs is bringing staking to the next level. Very excited about everything else they're building for us!

๐Ÿ”ฅ๐Ÿ”ฅ

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More from @wolf_of_defi

4 Jan
1./ Imagine a protocol that gives you 30-60% on stables and its token value is sensitive to the TVL in the protocol. I'm talking about @SandclockOrg ๐Ÿ”ฅ

If you want to know why I'm so excited about this project, read further ๐Ÿ‘‡
2./ With only 500B TVL the $QUARTZ price is expected to be around 250$.

Now imagine @anchor_protocol gives you around 20% on stable coins and has a TVL of over 11B.

Exactly that is why I'm so convinced of the potential of @SandclockOrg and its $QUARTZ token.
3./ Current price of $QUARTZ is ranging between 16$ and 20$ last days. Current TVL in @SandclockOrg is zero. Vaults are expected to launch by the end of January.

Partnership with @OlympusDAO already announced
Read 4 tweets
28 Dec 21
1./ #RAISETHECAPS

#RAISETHECAPS is something we see coming by a lot in the @THORChain community. What are those caps? Why do we have these? Why should they be raised? And most important, what is the impact of it on $RUNE?

Let me explain ๐Ÿงต
2./ @THORChain is a cross-chain liquidity protocol where users can swap native assets against each other. Without wrapping or pegging assets.

To enable users to swap a certain asset, a liquidity pool of that specific asset needs to be available on #Thorchain.
3./ For example, if you want to swap native $ETH for native $BTC there are 2 liquidity pools needed. The first one is $ETH / $RUNE, the second one is $BTC / $RUNE. As you can see, both are paired against $RUNE. This is the case for every asset on @THORChain.
Read 11 tweets
27 Dec 21
Now Christmas is over, it's time to prepare yourself for 2022. If you don't want to mis anything about $LUNA or $UST coming year, I recommend to follow these absolute legends:

@stablekwon
@NicolasFlamelX
@TheMoonMidas
@AlphaSeeker21
@TheRyanLion
@CryptoHarry_
And you know what's best? Besides all the $LUNA alpha being shared by these heroes, you might also catch some alpha of other #Gems ๐Ÿ’Ž

I did your homework, you just have to follow. Prepare yourself for a shitload of #Alpha in 2022 ๐Ÿ”ฅ๐Ÿš€
Read 4 tweets
22 Dec 21
1./ #Terra is a black hole. The mint of $UST is only at the beginning. Let me explain why I think #Terra will suck up an unimaginable amount of #DeFi value.

Now we see $UST going cross chain I think it's just a matter of time before others will follow. ๐Ÿงต
2./ @WhiteWhaleTerra doing cross chain arbitrage

#Arbitrage opportunities are everywhere, so why stop here? I don't know about any other #Arbitrage protocol so far, so I don't see any obstacle for @WhiteWhaleTerra taking the the number 1 overall #Arbitrage spot.
3./ @TeamKujira becoming the place to go to buy liquidated assets. #ORCA is a massive success and borrowing assets against collateral is everywhere. So let's expand to everywhere! @TeamKujira has only just begun
Read 11 tweets
13 Dec 21
1./ Today I saw some people talking about @staderlabs and how their APR is calculated.

I think it's a great protocol and it might be good to talk about them once again. I will dive into their APR, mechanics and the benefits for everyone who is staking $LUNA!

A thread ๐Ÿงต
2./ @staderlabs basically is a $LUNA staking platform. Take your $LUNA, stake it at @staderlabs and you don't have to worry about anything. They make a validator selection and take care of the auto-compounding.
3./ @staderlabs currently has three validator options;
- Blue chip, which are the highest performing validators;
- Community, the validators that contributes most to the community;
- Airdrop plus, validators providing their protocol's tokens.

You can choose between those three
Read 11 tweets
12 Dec 21
1./ At the moment we have $LUNA, $bLUNA, $LUNAx and $nLUNA. $yLUNA and $pLUNA are coming. What are all those different types of $LUNA?

Let's dive into the greatest asset ever existed, $LUNA!

A thread ๐Ÿงต
2./ $LUNA is the token we all fell in love with. To mint $UST the equivalent dollar amount of $LUNA have to be burned. The more $UST is minted, the less $LUNA is circulating so the more value one $LUNA has.
3./ $LUNA is the basic version of the token, this is the token that's available on exchanges like @binance and @kucoincom. To get access to all those different types of $LUNA you need to send your $LUNA from the exchanges to a #Terrastation wallet.
Read 18 tweets

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