How to earn extra ~22% APY on your $stONE (liquid-staked $ONE) - a simple guide.
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https://twitter.com/Krypto_Kakashi1/status/1481302790886461445
(I assume you already have some $ONE. If you don't - get it now from your favorite DEX / CEX.)
First, we need some $stONE - liquid token representing staked $ONE. For that, navigate to @tranquil_fi, to their page for converting $ONE => $stONE.
app.tranquil.finance/stone
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First, we need some $stONE - liquid token representing staked $ONE. For that, navigate to @tranquil_fi, to their page for converting $ONE => $stONE.
app.tranquil.finance/stone
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Use the "Stake ONE" section to stake your $ONE and receive $stONE as a deposit confirmation.
Your $stONE is earning ~7.42% APY at the time of writing via auto-compounded $ONE staking rewards.
BTW you can use that same section to unstake later on (that takes 21 days).
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Your $stONE is earning ~7.42% APY at the time of writing via auto-compounded $ONE staking rewards.
BTW you can use that same section to unstake later on (that takes 21 days).
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Alternatively, you can go to @SushiSwap and swap $ONE to $stONE (link below).
app.sushi.com/swap?inputCurrβ¦
Any of these 2 ways is okay - I would personally choose the one that gives me more $stONE.
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app.sushi.com/swap?inputCurrβ¦
Any of these 2 ways is okay - I would personally choose the one that gives me more $stONE.
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Now that we have $stONE, we can get another ~22% APY on it with support of @FarmersOnlyFi.
For that, go to their website - vaults section:
app.farmersonly.fi/vaults
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For that, go to their website - vaults section:
app.farmersonly.fi/vaults
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Find $stONE vault, click it and click "Stake Now".
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Choose the amount to deposit and either:
β‘ Approve the contract if you have not done it yet (in a transaction)
OR
β‘ Confirm your deposit (yet another transaction).
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β‘ Approve the contract if you have not done it yet (in a transaction)
OR
β‘ Confirm your deposit (yet another transaction).
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That's it!
Now you can enjoy 22% APY on $stONE token that appreciates in value vs $ONE by another 7% APY. That's effectively ~30% return vs holding $ONE in your wallet.
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Now you can enjoy 22% APY on $stONE token that appreciates in value vs $ONE by another 7% APY. That's effectively ~30% return vs holding $ONE in your wallet.
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