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DeFi Made Here

Jan 21 • 4 tweets • 1 min read

Security is a first priority. Few major points before you start a phenomenal DeFi journey are:
🧵

@ledger

1. Use hardware wallet(s) such as @ledger for your funds. As soon as you have 5-10k $ of assets it is a must to secure your money with HW wallet. Seed phrase should never be stored on your digital device or shared with anyone.

2. Diversification is the way to safe your assets. No matter how much you trust the project you should invest only as much as you can afford to lose. Even well secured and audited protocols got exploited or rugged in the past and will be in the future.

3. Never blindly follow anyone’s financial advice, always DYOR! Explore new protocols with minimum amount of money before you are ready to ̵a̵p̵e̵ ̵i̵n̵ deposite a greater sum.

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More from @DeFi_Made_Here

DeFi Made Here

@DeFi_Made_Here

Jan 22

@QiDaoProtocol

So as I promised I will describe few strategies utilizing @QiDaoProtocol. There are 4 ways to leverage your stables up to 150% APY as for now.
🧵

@iearnfinance

1/ The first option is to leverage your stables with @iearnfinance on #Fantom. It is the same mechanic as a famous #degenbox on #abracadabramoney.

@iearnfinance

2/ Once you deposited $DAI on @iearnfinance, you should have $yvDAI in the wallet. This is called a yield bearing token: it's a token that doesn't have any value, but represents your share of a pool where your assets are earning yields and rewards are automatically compounded.

Read 19 tweets

DeFi Made Here

@DeFi_Made_Here

Jan 21

@Defrost_Finance

My first project/strategy overview will be @Defrost_Finance as it is still quite early and APR is quite high as of now.
🧵

@CurveFinance

1) You can add liquidity to @CurveFinance DefrostH2O3CRV-f ($H2O is a stable coin of the @Defrost_Finance protocol) pool and stake it for 100% APR, receiving $MELT as a reward.

2) You can boost APR up to 400% by stacking $MELT for $sMELT. Your melt stacking is receiving another 100% APR.

Read 7 tweets

DeFi Made Here

@DeFi_Made_Here

Jan 21

My Vision, 🧵

I decided to start a Twitter account as I saw how popular and demanding DeFi is right now. I see plenty influencers are promoting unsafe recommendations for people who might not know the basic market principals.

My strategy is based mostly (80-90%) on stable coins and delta neutral farms with little exposure (10-20%) to volatile assets. This strategy keeps my initial funds safe from depreciation and still let me get 50%+ APR.

Just want to explain very basic thing that when you buy a crypto you hope that somebody else will buy it for a higher price. Money are not coming from nowhere, but someone has to literally give it to you.

Read 4 tweets

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