1/ app.moremoney.finance is another protocol on #Avalanche which allows you to mint protocol native stable coin $Money against collateral including LPs and interest-bearing assets.
2/ First way to farm is to deposit $DAI and borrow $Money against it at 125% CDR / 80% LTV. Your $DAI will be deposited by the protocol to the partner protocols like Banker Joe, AAVE or Benqi.
3/ Let's assume we borrow $Money at 130% CDR and after looping it 10 times you will get 40% APY on your $DAI. Note, that there is 0.5% repayment fee on borrowed $Money.
4/ The good part of this strategy is that you are earning pure yeild on your $DAI and if $Money losses peg you can just buy discounted $Money on the market and repay your loan very cheap.
5/ Next strategy provides higher APY and it is easier to execute but it involves more risks.
6/ Go to farming section and stake Money+av3CRV LP into the pool for 73% APY paid in $More.
7/ Note: The farmed token vest linearly at the pace of 1.5% daily. Also I assume that high APY might drop over time.
8/ In the second strategy you are exposed both to farm token $More and native stable coin $Money. So if you do not feel comfortable with that it is better to stick with the first strategy.
10/ Please DYOR and never invest more than you can afford to lose. Thank you and stay safe.
11/ There are so many strategies to share, wish there will be a bigger audience for it. So if you liked this thread, I would love if you could share it by retweeting the first tweet:
I am almost not making any threads on farming with non-stables assets or degen farming. So I decided to make one with a showcase of farming opportunities on #Fantom as a part of @LiquidDriver contest.
1/ Disclaimer: I am not offering any of the suspicious tomb forks with a few millions APY just for high numbers. All the projects which are mentioned below are considered to be relatively safe and legit. NFA and DYOR if you want to follow this strategy, high risks involved!
2/ I assume that you start with 1000 USD worth of $FTM in the wallet at the beginning.
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.
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.
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.