Thread by @Rentahomefast

Thread time......again....

@TarotFinance
....first what is it well it is a leveraged yield farming protocol on FTM... Now we got that out of the way lets begin
@FTMAlerts let me know your thoughts if you dig 😂

2/ So to begin, The reason why leveraged yield farming as a game changer as long as you are careful is because of several scenarios....let me give you an example... Which is more?
10% on 1000$
or
1% on 10,000

3/ did you pass the test, they are the same thing 😂. now this is where it gets spicy if you are a small farmer and only have 100$ or 500$ or 1000$ to play with you can use leverage to your advantage.....and no this is not the same as leveraged trading

4/ Lvg trading is a completely different topic and do not recommend anyone do it at all.... if you know what the price is going to do at any given second then what are you doing reading this thread you should be on your yacht on a private island on top of a yacht on the moon

5/ hey leveraged trader guy did you predict this one?

6/ anyways now you understand the power of leverage when yield farming what does this do for you. well first you can increase your returns in a smaller amount of time as long as you are careful....here is a snapshot of what the vaults look like

7/ so as you can see the supply apr on the ftm tomb pair is 102% but if you lp and leverage you can now get 204% .....this will be paid in both tarot as well as some in the provided lp tokens.....its actually the cheapest compounder on ftm if you did not know...

8/ Its only a 1% fee on compounding where the others like reaper farm and grim charge 3.5%+ so hey its more money lol.... but I do like reaper so no hard feelings on them @0xBebis_ is 🔥 sauce

9/ speaking of devs. The dev @TigrisOfGaul , does this dude even sleep.....na bruh this guy is constantly shipping stuff and making updates on the protocol dont sleep on this guy.

10/ Now whats cool about Tarot.to is that if you are not a leverage degen you can always take advantage of the crazy high aprs because the leverage degens are willing to pay it for the higher rewards. I mean dude is 30+ percent on ftm not enough

10/ Now whats cool is that each pool on Tarot has ther own separate vault as in if one of the vaults gets hacked it is not the whole protocol so there is lower protocol risk.....this is not saying it is without risk but it has a lower risk than having all assets in one vault

11/ also eaiser for hackers to target a vault for the whole protocol mainly because would you rather spend time robbing a bank or a gas station 😉 I mean your already taking the effort go for the breather......jk dont hack or rob people its not cool

12/ Now back to the apr I know some of you are saying well the vaults dont always pay that apr some pay more and some pay less.....pool hop no more they have supply vaults for that which will spread you deposited asset into multiple pools like this

13/notice how it says tftm, tftm is the vault that spreads ftm across multiple vaults to give a balanced yield... This one in particular is the xtarot vault (yield bearing liquid staked tarot token) it is being staked to also earn tftm which is also earning a yield

14/ now the innovation does not stop there to stay competitive they also have boosted lending pools with spirit partnership.

15/Now I want to explain the power of these ttokens, they are yield bearing assets that are able to pay a much higher apr due to the nature of leveraged yield farming.

16/ you can use these defi lego blocks as a backbone for getting your "fix" for inner yield on yield addiction

let me give an example

17/ stake ftm to get tftm, then take my tftm to something like @QiDaoProtocol (vaults thooon???) borrow against it and mabe get paid on qi dao (some vaults pay you to borrow.... get a loan for free only have to pay .5% upon repayment

18/ and now you are earning yield on ftm can get stables to earn even more yield somewhere else or even buy more ftm and repeat the process if you want to lever up just be careful because the more degen the rougher the hangover after getting rekt IYKYK

19/Now whats also cool about tarot is when a random vault is listed lets say bnb and ftm, I normally would not be able to get a yield on bnb on ftm but with tarot if there is a lp vault I can now lend there and live of the degens levering up

20/and now this is powerful again because now you have these yield bearing assets which are legos for other protocols

21/ now this protocol is not without risk remember there is still a possibility of
smart contract risk
hackers
liquidation if levering
and as always some other stuff you may not think about until it happens 😂

22/ now for the tarot token should you buy or not well its up to you what I do is farm it and that way if it goes down great if it goes up great......either or my principle is protected...

if you enjoyed this thread and it unlocked your inner degen.... like and retweet to a degen near you

Oh and one other thing. Don’t sleep on tarot wars 👀

@bryancolligan