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Jan 27 • 10 tweets • 4 min read
My thoughts on a current situation with all the things going around @Wonderland_fi and dear @danielesesta
🧵
1/ First of all I need to mention that I've never participated in wonderland (I do have a basic idea how the market works and who is paying for the party), but I allocated ~1% of my funds into $Spell, $Ice and $wMemo. I owned $MIM as well.
2/ I understand that @MIM_Spell is not connected to @wonderland_fi but massive panic sell (any random FUD on twitter) might cause depeg so I quite 99% of my $MIM positions. We are d̵e̵g̵e̵n̵s̵ farmers after all and we want to keep our funds safe.
3/ I have no authority to give any advice to big brain @danielesesta but it would be right to initiate voting to remove Sifu as a treasury manager as soon as all that background became known to Daniele.
4/ Also I want to say that those who lost money or a lot of money should blame themselves only. Nobody forced you to deposit money anywhere.
5/ By the way you can ask questions to all those frauds on socials who was advertising Wonderland as a life changing opportunity which will make everyone rich. I don't attach any screenshots or links, you know them better than me.
6/ I really hope that @danielesesta will be able to go through this difficult situation and continue building good projects for all of us.
7/ But there are also good news for #MIM holders. You may find a better protocol to borrow stablecoins.
8/ You can check series of guides on the real cost of borrowing stablecoins (already 3 series):
9/ Thank you and please stay safe.

• • •

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More from @DeFi_Made_Here

DeFi Made Here Profile picture
Jan 27
Real cost of borrowing stablecoins.
This is part 3 of the series, I will go through different chains in the next parts.

🧵
1/ Today I will speak about #Fantom chain. Let's take a look on @GeistFinance, @Screamdotsh, @ibdotxyz, @MIM_Spell, @HundredFinance and @QiDaoProtocol.
2/ @GeistFinance provides up to 10% APR on your collateral (28% APR for #CRV at the moment) and up to positive 4% (get paid to borrow) APR on borrowed stablecoins. Note that #GHST tokens have a 3 months vesting period or a 50% penalty for an early unlock.
Read 14 tweets
DeFi Made Here Profile picture
Jan 26
Real cost of borrowing stablecoins.
This is part 2 of the series, I will go through different chains in the next parts.
🧵
1/ Today there will be a short thread about the real cost of borrowing stablecoins on #Terra and does it worth it?
2/ Just a quick math on the very popular borrowing protocol @anchor_protocol on #Terra. Might be a little painful topic for a true #Lunatics
Read 8 tweets
DeFi Made Here Profile picture
Jan 26
Quick update on one of the previous threads.
🧵
1/ There is a new vault on @Defrost_Finance which allows you to borrow against $sdav3CRV yield bearing asset from @StakeDAOHQ
2/ First you need to deposit your stablecoins on @CurveFinance to av3CRV pool and get the receipt token
Read 7 tweets
DeFi Made Here Profile picture
Jan 25
Why to earn less? Here is a little thread with the correct strategy:
🧵
1/ Stake $wFTM at @iearnfinance for 70% APY, go to @QiDaoProtocol, deposit $yvwFTM to the vault and borrow $MAI for 0% interest (0.5% repayment fee applies)
2/ At the moment you are getting paid 1% in $Qi for borrowing #MAI stablecoin. Let's assume you have deposited 1000$ worth $wFTM and borrowing at safe CDR of 150%, so you can borrow 666 $MAI for the first loop.
Read 9 tweets
DeFi Made Here Profile picture
Jan 25
Real cost of borrowing stablecoins.
This is part 1 of the series, I will go through different chains in the next parts.
🧵
1/ Today we'll talk about minimizing the cost of borrowing stablecoins on #Polygon chain. #Fantom and #Terra are in the drafts already.
2/ The most popular loan in crypto is stablecoin loans. If you fill that market is trending upwards you can leverage position by collateralizing your assets and borrowing stablecoins against it. It is not the most actual topic at the moment, but you'll be prepared for later.
Read 12 tweets
DeFi Made Here Profile picture
Jan 24
Today we will speak about @kava_platform and how to get 70% APY on your stables.
🧵
1/ @kava_platform is working on a kava chain which has around 500M$ of TVL and it is a part of @cosmos eco system. Recently @kava_platform joined #IBCGang which will allow crosschain transfers, but let's come back to the topic.
2/ Go to app.kava.io/swap/pools and add liquidity to the BUSD/USDX liquidity pool for 70% APY. APY depends on the price of rewards which are paid in $SWP token and total value locked. I have started farming with 140% APY last year. Image
Read 21 tweets

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