You are seeing a lot about DeFi and how amazing it is on $FTM, you want to get involved but you have no idea how?
Here is your comprehensive beginners guide to get into $FTM blockchain and DeFi:
(Share this to help a friend)
‼️BEGINNERS step-by-step GUIDE‼️ 0/8:
So you’re scrolling twitter and you see $LQDR that, $SPIRIT this, LP that, APR this, x10 that, yields on yields, (3,3), locking up, APY, swapping, DEX, degen, bridge that, farming this, and you want to get involved, you’d be stupid not to, so let’s break it down.
Just before we start I want to let you know that I’ll pin this tweet to my profile to help bring new people into DeFi on $FTM.
1: First of all you need to purchase or exchange some crypto to $FTM, the best places to purchase this on chain right now is through a CEX (central exchange) and this will be best done through @binance@BinanceUS (soon also @Felix_Exchange), you can bridge..
.. but if you know how to bridge and have crypto on chain then I’m not sure how relevant this thread is for you… once you have bought some great!, hold it there for now and let’s make ourself a wallet to send it to…
2: Well done, you’ve bought some $FTM but that’s not why you’re here, you want to be a farming degen like these other rich anons on twitter I’ll pin this tweet to my profile to help bring new people in, so let us make a MM wallet 🦊…
… really at this point you should invest into a hardware wallet either @Trezor or @Ledger to be playing in DeFi or crypto at all, here’s a guide on that from @FTMAlerts
, we are going to continue without one for this tutorial as it will be…
.. the same information and steps minus connecting your hardware wallet, so let’s download MM and add it to your chrome browser…
… now you have this downloaded you will be given your wallet keys once you make an address, DO NOT GIVE THESE KEYS TO ANYONE… EVER, write it on paper and hide it… you know have a MM wallet but you need to now set it up so that it is compatible to the @FantomFDN blockchain…
… here is how…
a) Select network: Custom RPC and add the following:
1. Network Name: Fantom Opera 2. RPC Url: rpc.ftm.tools 3. ChainID: 250 4. Symbol: FTM 5. Block Explorer URL: ftmscan.com
3: Now your MM wallet is set up to be a $FTM degen but we have to send your $FTM from binance over to your wallet by clicking withdraw on binance, ftm network, and ENSURE you type YOUR correct address or lose your $FTM, I’ve highlighted this fake wallet’s address as example only!
4: Amazing, you are now on the blockchain, what the frick do I do now then?
5: Here it is time for you to have a play around the dexes and the amazing projects that you have been seeing all over twitter, let’s go ahead and create our first LP and add it to our first farm…
… now before you go full steam ahead you need to research the risks involved and the main was is impermenent loss, have a read here: academy.binance.com/en/articles/im… …
.. let’s crack on and make this LP, wouldn’t be right without shamelessly shilling my favourite project @LiquidDriver and going ahead and farming there for our first LP we have made, let us make it through one of the best @Spirit_Swap …
… worth noting that LPs through these top DEX’s @SpookySwap@Spirit_Swap@beethoven_x can all be made on their sites and you can start to compile your own strategies on how you want to make money… or you can follow me and see what I do 😅😏… let’s head over to spooky already!!
6: Now you’re on the @Spirit_Swap dex, hello sir, follow my lead..
a) swap whatever amount you want below 50% to LQDR
b) once you have done this go to liquidity, add the two tokens together, 50%,50% each to provide the liquidity
c) click supply, your first LP is made.. what now?
7: Head on over to @LiquidDriver to provide your first LP into a farm
a) find the farm of the LP you have just provided to, here it is LQDR/FTM
b) Hit stake, then hit confirm
c) Enjoy your HUGE 149% APR
8: Now it’s down to you to have a play + look around the top projects on @FantomFDN $SPIRIT, $BOO, $LQDR, $BEETS, $SCREAM etc and learn from others on twitter, there’s an abundance of wealth and education for free, especially in those that I tag below… welcome you filthy degen!
Now I will have this pinned on my profile, please share this and help a friend or someone new be able to get into the $FTM blockchain and browse through the vast array of riches it has to offer!
I've seen A LOT of people think ve(3,3) token will be airdropped to your wallet for holding the top 20 TVL projects, this isn't the case... It is bullish af tho
$FTM $LQDR
THREAD 0/8:
1: ve(3,3) looks to given to the top protocols on $FTM, I really hope that you hold these and remain to do so as this is how I expect ve(3,3) to go down...
2: This is going to allow protocols to battle each other for governance power putting all the TOP projects on $FTM in a competition for the emissions this protocol can make...
OKAY! Listen up anon, here is a little thread for you pirates holding xLQDR and some strategies you can deploy to make YOURSELF HUGE, passive income.
$LQDR $FTM
From the poll I released earlier the majority own 0-500 $LQDR (I really hope it is not zero anon)
THREAD 0/17:
1: Let’s pretend our portfolio is composed of 500 LQDR… I know APR’s change, price changes, and strategies change, but to make this simple let us freeze the APR and PRICE right at this moment to calculate OUR strategy… it is looking very lucrative… (non financial advice)
2: Right now your 500 LQDR will be worth $11850, with an APR producing you:
THE FIRST BRIBE IS COMING TO @LiquidDriver $LQDR ALL THANKS TO $SPIRIT WARS…
The incoming @fraxfinance and their algorithmically backed stable coin $FRAX
A look into the first LQDR bribe and why LQDR is a main player in the ecosystem…
THREAD 0/7:
1: First off all, what the frick is a bribe?
The bribe is a way that a protocol can drive liquidity into their protocol via LQDR directing emissions into @fraxfinance boosted farms on @Spirit_Swap, around 5-8m spirit votes
2: in return for voting to boost their farms FRAX will pay LQDR (bribe) them to do so, this is a W for xLQDR holders a W for LQDR to work with the amazing @fraxfinance team
For those of you who are new to $FTM, or for those of you that have been here a while but have been living under a rock, OR a simple refresher…
A look for what is to come soon, and why you should be bullish af:
THREAD 0/8:
1: @harryyeh announced in late October that he was going to partner with @cz_binance to host the VERY first central exchange that is EXCLUSIVE to one blockchain… WELCOME @Felix_Exchange ran on Binance cloud services…
2: What does this mean?
Liquidity has always been an issue and until recently it has been difficult to get a hold of $FTM through central exchanges, no coin base and only a recent launch of $FTM on Binance for US citizen’s…
There is HUGE potential for you to make LIFE changing money in the @FantomFDN ecosystem!
GUIDE on how to make HUGE passive income.
A look into some of MY favourite projects on $FTM and the way YOU can make cash from them
(Not financial advice)
THREAD (‼️MUST READ‼️) 0/18:
1: For the purpose of this thread I'm going to pretend I have a portfolio of $60k, this way I can provide you the context needed to see how this could be spread across @LiquidDriver@Spirit_Swap@beethoven_x if FTM will 2-10x from here what do you think will happen to these? 📈
If market turbulence worries you then you may sleep better knowing your farming LP is paired with a stable coin causing less price fluctuation up and down, look at the amazing APR you can get on @LiquidDriver farms earning you passive income.