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shivsak.eth Profile picture
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12 Jan, 11 tweets, 7 min read
What a day for the $FTM ecosystem!

- $SCREAM: +79%
- $BOO: +79%
- $SPIRIT: +47%
- $TAROT: +73%
- $FTM: +17%
- $GEIST: +65%
- $REAPER: +94%
- $GRIM: +86%
- $LQDR: +50%
- $BEETS: +43%
- $BOO: +33%

A compilation of some great threads about #DeFi on Fantom 👻 👇
1/
@JackNiewold's thread about why $FTM is undervalued:

2/
@Route2Fi's MEGA-thread about all the greatest #DeFi plays on the $FTM chain:

3/
@milesdeutscher's thread about why $FTM could be the next big rotation.

@milesdeutscher is a fantom expert and has a great YouTube channel where he talks about DeFi as well:

4/
My thread explaining @tombfinance #DeFi strategies:
5/
@milesdeutscher's post about best yield strategies for 5-1000% APY in the $FTM ecosystem:

6/ And yet another one from @milesdeutscher explaining @LiquidDriver:

7/ @Prof_Crypto_B's video about $LQDR is also helpful:

8/
I recently discovered @RevenantFinance $CREDIT recently through @rektfoodfarmer - very interesting project that I'm looking into.

Here's a great thread about it by @juanbugeth
9/
My current favorite strategies in the #fantom ecosystem are:

- @LiquidDriver pools + staking $LQDR

- @tombfinance FTM-TOMB @ 200%+

- Using @beethoven_x's multitoken Fantom LPs to get exposure to $FTM ecosystem @ 100%+

- Leveraged LPs on @TarotFinance
10/
What's your favorite $FTM #DeFi play right now?

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More from @shivsakhuja

shivsak.eth Profile picture
13 Jan
Getting to other chains early is key to success in #DeFi. The best yields are not on the biggest chains.

Bridging $ can be intimidating, confusing and expensive.

Here are the best methods I've found to bridge assets from / to any chain 🧵 👇

$SOL $MATIC $NEAR $FTM $LUNA $ONE
1/
For some background info, EVM chains like $ETH, $AVAX, $FTM, $MATIC, $BSC, $ONE, $AURORA are compatible with @MetaMask.

Non-EVM compatible chains include:
- $LUNA
- $SOL
- $ATOM
- $DOT
- $BTC

These chains can not be used with Metamask, you need different wallets.
2/
1. From a centralized exchange

Using a centralized exchanges like @binance, @kucoincom, @gate_io, etc is often the easiest way to bridge assets.

They allow withdrawals between many chains, and you can swap tokens without gas.

See my old thread:
Read 15 tweets
shivsak.eth Profile picture
10 Jan
Feeling down on #crypto? Put your coins to work.

One way to make the best of a down market is to put your crypto to work to earn $ in a bull or bear market.

No coin left unemployed!

Here's a mega-🧵 explaining & comparing various ways to make your crypto work to earn you $ 👇
1/
This thread (part 1) covers:

- Active & passive ways to make your crypto earn $

- Stablecoin strategies for 20 - 100%

- Overview & comparison of lending, staking and LP farming

- How to understand LPs and mitigate IL

- Expected returns

- Links to detailed guides

🤑
In part 2 (next week), I will cover more advanced ways to earn $ on your crypto - higher risk, higher reward:

- leveraged LPs
- multi-token LPs
- covered calls
- Defi 2.0 / 3.0
- leverage
- bots
- launchpads
- liquidation strategies

🤑🤑
Read 43 tweets
shivsak.eth Profile picture
8 Jan
A lot of people who follow me are new to Crypto or DeFi.

So I'm going to create some more beginner friendly content as well.

This thread covers 5 common DeFi mistakes. 🧵👇

"How to get rekt in #crypto and #DeFi"

Graphics inspired by @visualizevalue
1/
Mistake #1: One egg, one basket

One of the big risks in DeFi is smart contract risk.

This is the risk that a project has a bug or vulnerability in its smart contract such that hackers can exploit it and steal all the $.
2/
Vulnerabilities can be in coins, platforms, wallets or exchanges.

Good projects will have been through smart contract audits, but even audited projects have been exploited before.

It's important to spread your funds out between multiple coins and on multiple platforms.
Read 12 tweets
shivsak.eth Profile picture
7 Jan
A few weeks ago, I explained some strategies to earn 200-1000% APY on your $FTM using @tombfinance.

Here's a way to earn 150% APR on your $TOMB, using @TarotFinance and how you can use this strategy to get more $. 👇
Steps to lend $TOMB on @TarotFinance:

1. Go to tarot.to
2. Find the $FTM / $TOMB pool
3. Go to the Lend tab
4. Supply $TOMB @ 150% APR
You are basically just lending your $TOMB to those who wish to leverage their LP positions on @TarotFinance by borrowing your $TOMB.

I wrote about this leveraged LP strategy earlier:
Read 6 tweets
shivsak.eth Profile picture
6 Jan
What if I told you that you - yes, you - could go and borrow $1M right now?

No KYC, no name, email or phone number.

And you don't even need collateral.

Yes, of course there’s a catch.

This #DeFi instrument is called a Flash Loan - so how does it work? ⚡️ 🧶 👇
1/ A flash loan allows you to borrow money (up to very large amounts) without any collateral

The catch is that you have to return the money in the very same transaction.

Confused? 🤔 Keep reading…
2/ Here’s how a standard database (web2) transaction works. Let’s say @jack is sending $100 to @elonmusk through a regular bank transfer.

2 things must happen when the money is sent. The bank must update:

1. +$100 for Elon 🤑

2. -$100 for Jack 😢

#1 cannot happen without #2.
Read 16 tweets
shivsak.eth Profile picture
3 Jan
~41% APY strategy for #stablecoins on $MATIC (Polygon) network by providing Liquidity between $MAI - $DAI pair.

Here are the steps, pros and risks 👇 Image
1/
There are many options for high APY stable yields here (see screenshot)

Steps for $DAI - $MAI LP:

1. Swap 50% of capital for $DAI on @QuickswapDEX

2. Swap other 50% for $MAI

3. Provide liquidity for $DAI - $MAI pair

4. Deposit LP tokens to @beefyfinance (Polygon)

🤑
2/
Pros:

- Stablecoin yield means no impermanent loss

- 44% is a very good yield for stablecoins

- No leverage strategy: There are leveraged strategies with higher APY, but leverage = more risk
Read 9 tweets

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