shivsak.eth Profile picture
Jan 28 β€’ 6 tweets β€’ 4 min read
A few more ways to earn yield on $LUNA πŸ§΅πŸ‘‡

Earlier this month, I wrote a post curating all the best ways to earn yield from $LUNA.

Here are a few more ideas if you're open to pairing your $LUNA with other coins...

[1/x]
2/

For reference, here is the original post:
3/

@osmosiszone

If you're bullish on $ATOM or $OSMO, you can:

- Farm $LUNA / $ATOM LP on @osmosiszone (25%)
- Farm $LUNA / $OSMO LP on @osmosiszone (87%)

Alternatively, you can also farm $LUNA / $UST LP on @osmosiszone for 59%.
4/

@trisolarislabs:

If you're bullish on $NEAR, you can:

- Farm $atLUNA / $WNEAR LP on @trisolarislabs @ 55%

- Farm $atUST / $WNEAR LP on @trisolarislabs @ 59%

For both of these pools, 10% of the rewards are paid in $LUNA.
5/

@beethoven_x:

If you're bullish on the big L1s like $AVAX, $FTM, $BNB, $SOL, $LUNA and $MATIC, you can:

- Farm the Battle of the Bands LP @ 69% APR on @beethoven_x

- Deposit the LP tokens to @beefyfinance for 85% APY.
6/

Remember that all of these strategies involve liquidity pools which have the added risk of Impermanent Loss.

You can read more about IL here:

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with shivsak.eth

shivsak.eth Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @shivsakhuja

Jan 30
Even if you’re farming on chains with low gas fees, transaction costs can eat into your returns significantly.

Transaction costs are more than just gas fees.

Here's an explanation, and some ideas on how to mitigate #DeFi transaction costs when apeing… 🦍 πŸ‘‡

[1/x]
Transaction costs includes:
β€’ Slippage (price impact from swapping)
β€’ Gas fees
β€’ Bridging costs
β€’ Deposit & Withdrawal fees
β€’ Liquidation fees

You should consider all of these when deciding to make a move 😬
2/

1. Slippage πŸƒ

This is the price impact from swapping a token for another.

Slippage is higher when there's low liquidity.

Because #DeFi is so young, slippage is very common, especially when:

β€’ Swapping on newer chains
β€’ Swapping lesser known coins
Read 21 tweets
Jan 29
DeFi Q&A #5

Q. Could you explain yields for pegged assets like FTM-TOMB, LUNA-bLuna, etc, ideally with a worthwhile APR.

A. When you provide liquidity to a pegged pair, there is theoretically no impermanent loss risk (typically, one of the main risks with LP strategies)

[1/x]
3/

Since IL depends on the relative price movements between 2 assets, it should be negligible for a pegged pair.

Typically this means yields for pegged pairs, like $ETH - $WETH, $LUNA - $bLUNA are not super high, since it's a low risk liquidity pool.
Read 5 tweets
Jan 29
LunaX is a liquid staking token by @staderlabs that represents staked $LUNA.

$LunaX accrues the staking interest (~9.34% APY) through growth in the token value (similar to $aUST).

$LUNA - $LunaX LP currently yielding 56.54% APR.

(ty @Chris_HKG for the massive alpha πŸ™)
To do this, go to terra.staderlabs.com/lt-pools and add liquidity to the $LUNA - $LunaX LP through @terraswap_io.

It's relatively new - I wouldn't expect this APR to last forever, but TVL is already at $70M+.

Currently, it looks like the best APR out there for $LUNA.
@staderlabs wants to build the infrastructure for Staking as a Service, so that staking and #DeFi is safer and more accessible for the masses.

Pretty cool vision imo..
Read 4 tweets
Jan 28
Be very careful going in on a liquidity pool where one or both tokens are likely to go down in price.

Impermanent loss hurts on the way up, but it hurts just as much on the way down.

This came to mind because of the @danielesesta / $TIME wonderland fiasco from this week.
I had some exposure to a $wMEMO - $MIM LP, which I cut a few days ago.

If one coin goes to $0, the entire LP will go to ~$0 too (because the pool is constantly rebalancing).

Given the recent updates we've been seeing about $TIME / $wMEMO, I felt that LP-ing was too risky.
I am getting rekt in @beethoven_x multi-token LP called "The Magic Touch by Daniele", as all tokens from that pool - $ICE, $SPELL, $wMEMO, $FTM, $MIM - were down a lot today.

IL is actually not too bad since all tokens are down, but net losses on the LP obviously suck.
Read 7 tweets
Jan 26
#DeFi Q&A #7 by @UndekhiValue

Q. With so many different protocols coming every now and then, what are the ways to get more info about them to separate wheat from chaff? πŸ‘‡
A. To separate good projects from πŸ’©, look for:

β€’ good tokenomics & value capture mechanism
β€’ compelling narrative & use case
β€’ solid team
β€’ fast growing TVL where the price hasn't caught up
β€’ engaged and fast growing community
β€’ ability to compete
1. Twitter:

β€’ Search for the symbol: Great real time feed.

β€’ Advanced Search:

- Add "min_retweets:100" to find popular posts about a project.

- Add "from:@username" to find tweets by a specific username. Can use this to search for tweets by project founders, etc
Read 9 tweets
Jan 25
DeFi Q&A #5

Q. What are some safety / security tips for people getting started with #DeFi.

A. A bunch of tips below πŸ‘‡

[1/x]
1/

β€’ Keep your seed phrase safe. Don't lose it or let anyone get access to it, or you could lose all your money.

β€’ Don't send your crypto to a project without understanding it first.

β€’ Check if project smart contracts have been audited by a reputable auditor.
2/

β€’ Send a small amount first when sending to a new wallet or protocol. If you can't withdraw from the protocol, that's a major red flag.

β€’ Using a hardware wallet is usually the safest way to store your crypto.

β€’ Set up 2FA on exchange accounts.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(