Thread by @rektdiomedes

Thread: How To Bridge To Fuse @Fuse_network And Be Farming On It In Ten Minutes Via @beefyfinance & @Fuse_Fi

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So.. the new L1 that is making waves today is $FUSE. I had seen talk of it the last few days on here, and today the good cowfolk at Beefy added it…

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I have immense faith in Beefy, and as soon as I saw they had added it I decided it was worth bridging over to at least explore the farming opportunities.

More on that below, and a tutorial on the whole bridging process including screenshots, etc.

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$FUSE had an extremely small market cap until very recently, when it started shooting up.

However, despite that huge spike, its still massively lower in marketcap than any other L1… which puts it in a very interesting position for we humble farmers to consider.

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Do we assume we already missed the gains bc of the massive pump that's already taken place?

Or do we compare its marketcap to other L1's and presume it can go much higher?

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I decided to bridge over a very small % of funds to start exploring it, and then as I study it more I may bridge additional funds over as well.

This thread will break down how to very quickly bridge onto Fuse, and what you can farm on it once you’re over.

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Step One: Send $BNB to your Binance Smart Chain wallet- either from Binance or another wallet.

Note: You can also bridge from ETH L1 but I'm assuming most folks will choose BSC as I did.

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Step Two: Go to @beefyfinance. Click on the Fuse logo on the first page. You'll be prompted to switch to the Fuse network, and if you don’t have it added in Metama(s)k you’ll be prompted to add it (I find it easier to do this than to add the rpc and other stuff manually)

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Step Three: Notice the vaults are all currently from fuse(dot)fi. Click on ‘Add Liquidity’ on any of them to be taken to the app(dot)Fuse(dot)fi website.

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Note: Another reason we're clicking to it from Beefy is bc its not on CoinGecko yet, and googling sites is dangerous due to spoofed versions/scams, so clicking from @beefyfinance is always a safu choice.

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Step Four: Once you’re on the app(dot)Fuse(dot)fi site, go to ‘Bridging’.

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Step Five: You can now either bridge your $BNB to Fuse and then swap it to $FUSE and other tokens on @Fuse_Fi, OR you can go back to BSC Chain in your wallet, go to @pancakeswap, and swap $BNB for $FUSE there, then bridge your $FUSE.

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When I was doing it there seemed to be pretty similar liquidity for both these routes, but you can go to the ‘Swap’ page on both @fuse_fi and @PancakeSwap and look beforehand to check which is the better option.

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Note: If you have any trouble with the UX just refresh the page or log in/out of Fuse a couple times if its not updating properly or you’re not seeing all the options for tokens to bridge.

Note: There’s a $400 minimum for bridging to Fuse via BSC, and a charge of .05%.

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Step Six: The actual bridging was quite quick and painless for me, and once your funds are bridged over, you can now start farming.

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Step Seven: All the current farming opportunities on Beefy are @Fuse_Fi ones.

The APR’s are currently very high, with FUSE/BUSD at 1.2% APRD/day (8000% yearly if extrapolated to APY).

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You can either create your LP’s in the ‘Pool’ section of @fuse_fi, or you can Zap into any of the positions via @BeefyFinance (a feature I absolutely love).

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There is also a ‘Lending’ protocol built into @Fuse_Fi, so that also provides opportunities for yield.

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Additional Thoughts: While time will only tell whether @Fuse_network becomes a big top 50 MC L1, I do think it represents a really interesting object lesson in opportunities that exist for ‘small fish’ crypto investors that don’t exist for big whales and hedge funds.

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You couldn’t bridge+swap+farm 7 fig into Fuse right now w/out horrendous slippage (even 6 fig might prove costly tbh), meaning as of right now smaller fish still have a huge advantage in that they can bridge over and start farming early...

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Its easy to be cynical about VC’s/whales/etc, but in reality there are advantages that regular folks with average bankrolls have too. The trick is to leverage information asymmetry and quick, focused action to take advantage of opportunities early on.

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With that said, it seems like there’s a new L1 popping up every other week now, so I would not be surprised if eventually people quit putting such a premium on them, and the “L1 Rotation” game declines...

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Definitely worth hopping over to explore and do some high-apr farming though, so hope this thread helps!

If it does please retweet and follow! Will be doing many more threads like this on other opportunities/protocols/etc!

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And massive h/t to @beefyfinance @w3soBeefy @mjoaris @thebeefycow and every other wonderful heifer that keeps shipping + evangelizing this awesome protocol!

And of course to @Fuse_network!

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Also important: there are rumors of an airdrop of a @fuse_fi token in January, so would make sure to do some swaps/farming on it specifically in addition to using Beefy.

https://twitter.com/0xGokek/status/1477422117251518464

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And finally, check out this awesome thread on @Fuse_network from @ahboyash :

https://twitter.com/ahboyash/status/1478701792904970241

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Also... re: information asymmetry as ref above... here are some accounts I recommend following that are absolutely brimming with alpha:

@Cryptoyieldinfo
@phtevenstrong
@rektfoodfarmer
@BillyBobBaghold
@blknoiz06
@DeFi_Dad
@Prof_Crypto_B
@technovikingeth
@blocmatesdotcom