Thread by @Route2FI

3 - Collateralized your $yvWFTM in Abracadabra money, borrow $MIM (2% Interest rate)against it

4 -Buy $TOMB as a discount of $FTM

5 - Stake $TOMB on @tombfinance

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BOO/XBOO:

Step 1: Go to: spookyswap.finance/pools

Step 2: Stake BOO (get 46% APR), Receive xBOO immediately

Step 3: Stake XBOO, get the token of your choice as a reward (eg. $WFTM, $HND or $TUSD are tokens I like these days) You get approx. 20% APR

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Abracadabra:

I like this borrow strategy (see tweet below):

https://twitter.com/Route2FI/status/1475425891526316037?s=20

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Other than that you can also deposit $FTM on Abracadabra, borrow $MIM. Spend your $MIM on more $FTM, use the new $FTM as collateral to borrow $MIM again.

Then deposit this $FTM and repeat... (only for degens though). Could be high risk.

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But what we're all waiting for is the Degenbox $UST - $MIM strategy on the $FTM network.

Today the strategy is only available on the $ETH network, and since we're all tired of paying suit gas ($ETH gas), most $FTM lovers would love to see this strategy on...

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their own network which has ridiculous low gas fees.

If you don't know what Degenbox is, read my thread on how to do it step-by-step here.

The principle will be the same when it launches on $FTM.

Will be a great way to get over 100% APY:

https://twitter.com/Route2FI/status/1458072000602202114?s=20

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While we're speaking of stablecoins, let's look at Creditum ( $CREDIT) by @RevenantFinance

They've launched the first stablecoin native to $FTM, $cUSD, that can be minted/borrowed with the use of collateral.

How does it work?

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Step 1: Go to: revenant.finance/creditum

Step 2: Provide collateral, eg. $FTM, $ETH, $BTC, $DAI, $USDC

Step 3: Borrow $cUSD

Step 4: Stake it here: revenant.finance/creditum/farm to 89% APY

Step 5: Rewards are paid out in $CREDIT

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Step 6: Sell your $CREDIT for $cUSD, $FTM or another stablecoin

or

Step 7: Stake your $CREDIT for 224% APY and get $XCREDIT

Is this one of the craziest concepts this year?

I tried it with a small amount so far, and it works surprisingly well.

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Creditium is a new protocol, so ape carefully.

If you don't want to use a token as a collateral you can buy $cUSD here:

ftm.curve.fi/factory/54 and go directly to step 4 above.

If you want to learn more, see the walkthrough here on Youtube:



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ve(3,3):

Okay, wtf is this?

All we know so far is that @andrecronjetech is making something sick.

Who is @andrecronjetech?

He's probably the most influential person in the crypto world right now, if you don't believe me...

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check why he's topping this list:

cointelegraph.com/top-people-in-…

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I may be wrong here, but the way I understand ve(3,3) is like this:

You can lock up your capital from 1 week to 4 years.

The timing of your capital will be locked as an NFT.

The great thing about this is that you can trade NFT's (buy/sell) and borrow against them.

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The longer the lock-up, the more value in the NFT (worth more).

The more ve that is locked up, the less inflation in the token (think 3,3 - the best for everyone is that we stake).

I think ve(3,3) will combine $OHM tokenomics with NFT's and Curve War principles (CVX/CRV).

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This is basically all I know for now, but I'm not going to miss this token myself.

The mystery around the token + the best builder in crypto is behind it = up only

As far as I know, the protocol will launch in January.

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It's time to wrap it up, this thread is about to become extremely long.

I didn't write about the protocols below because I'm not using them at the moment, but check out these threads if you want to learn more:

Geist Finance:

https://twitter.com/markjeffrey/status/1447836047681884162?s=20

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Hundred Finance:

https://twitter.com/BillzSmall/status/1478863523312816135?s=20

Scream:

https://twitter.com/BillyBobBaghold/status/1464025215286063107?s=20

Scarab: A fork of $TOMB on $FTM. Check out: @Scarab_Finance

I also didn't write about the $OHM forks, but @HectorDAO_HEC, @FantohmDAO, and @Spartacus_Fi are the biggest ones.

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So many new things launching on Fantom every week, so it's almost impossible to keep up.

Luckily I follow a lot of great Fantom people, and here are my favorites if you want to stay up to date on $FTM:

@milesdeutscher
@ftmalerts
@ftm_ecologist
@Stinky_FTM
@rektfoodfarmer

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@Prof_Crypto_B
@deficryptofarm
@jackNiewold
@jacktheoiler
@0xdrog
@dannycrypt
@alexandomega
@surycapital

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I'm also going to post this thread as a newsletter in a couple of days, so if you want to read this in an easier format, subscribe to my free newsletter here:

getrevue.co/profile/route2…

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If you enjoyed this thread, I would really appreciate it if you retweeted the first tweet so that more people can open their eyes for $FTM:

👇

https://twitter.com/Route2FI/status/1480939473911304199?s=20

Thank you!

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