jfab.eth Profile picture
Mar 4, 2022 18 tweets 14 min read Read on X
Metisian Farmer helps Metisian Farmer🧑‍🌾🤝🧑‍🌾

🧵Short thread on some tasty farms in @MetisDAO with VERY nice APYs that us farmers can take advantage of🚜📈
2/ We'll cover farms and vaults from:

@beefyfinance
@starstreamfin
@tethysfinance

Feel free to add any farm or vault with them juicy APYs at the end of this thread

There's a few alternatives w/ high yields which I won't cover due 2 lack of avble info/audits online
3/ I won't even cover $sMAIA's super yield in this thread bc if you're not staking in @MaiaDAOMetis already......... What are you even doing, anon?
4/ @beefyfinance

Yes, @beefyfinance is in Andromeda.

Yes, it has such as good or even better yields than in other networks.

Yes, I'll stop talking and we'll dive into their farms Image
5/ @beefyfinance

No time to lose, so once you're connected to your $METIS wallet, you'll see 20 very sexy vaults available

Go to the Filters/Sorts Section (Top) Sort all the vaults by APY Image
6/ @beefyfinance

Look at these babies and them APYs

• TETHYS-METIS LP: 226%
• m.USDC-METIS LP: 211%
• m.USDC-NETT LP: 161%
• m.USDC-METIS LP: 134%
• METIS-NETT LP: 134%
• m.USDT-NETT LP: 118%

BRUH... COME ON.... JUST GRAB MY DAMN MONEY Image
7/ @beefyfinance

As if that wasn't enough, they now even got options for $BNB

And NOT ONLY THAT...

But also a WBTC-METIS LP Boosted Vault (thx @relay_chain u the goat) Image
8/ @beefyfinance

If you're wondering why there are many vaults for the same pairs inside @beefyfinance just remember that Beefy is like a hub of yield alternatives from different ecosystem protocols: in this case, @MetisDAO protocols
9/ @beefyfinance

Why would I not just go straight to the underlying protocols?

Well, @beefyfinance tends to boost yield. since if any platforms partnered w them gives em promotional coins on top of any interest, they take those coins & sell em for more of what you staked
10/ @starstreamfin

@starstreamfin doesn't fall behind in terms of saucy yields... They're hot... Really hot Image
11/ @starstreamfin

As u can see, they also have TETHYS-METIS, but the 1s I rlly like are:

• DAI-METIS LP: 1330%
• FTM-METIS LP (Yea, outta nowhere lol, @relay_chain brought it): 842%
• METIS-METAUCE LP: 578% (volatile)
• STARS-METIS LP: 1130%

Beware of IL risk pls Image
12/ @tethysfinance

The ones that have been following me for a min already know I love @tethysfinance

Now GET READY bc if you though @tethysfinance was an absolute machine already...

HOW DOES IT LOOKS WITH AN $AVAX FARM IN IT? Image
13/ @tethysfinance

@tethysfinance has been ON A ROLL, and now staking $xTETHYS is yielding not 12%, but 24%‼️

Nice yield; SAFE yield

Each swap on Tethys rewards $xTethys stakers w/ 0.03% of swap amnt, so I could assume @tethysfinance is processing mad volume Image
14/ @tethysfinance

If you want to learn how to maximize returs from Lending Pools through leverage, here's a short explanation I shared abt a week ago:

15/ @tethysfinance

Bruh

$AVAX $METIS Lending Pool

Jose thinking abt ape

It risky Ape...

Jose still ape......cautiously Image
16/ @tethysfinance

These pools are in a fat need of liquidity since $AVAX and $FTM JUST became bridgeable to @MetisDAO

U want ape too?

Ape frend: app.relaychain.com/#/cross-chain-…

You can bridge to #Andromeda from #Avalanche #Fantom #BSC

Literally any chain. They movin fast
17/ Extra

Before bridging through @relay_chain your assets have to be wrapped

To wrap your $AVAX you can go to traderjoexyz.com/home#/

To wrap your $FTM you can go to spookyswap.finance
18/ @MetisDAO Ecosystem

Shoutout to some of the main players of an outstanding ecosystem

@tethysfinance @starstreamfin @beefyfinance @relay_chain @netswapofficial @MaiaDAOMetis

If you liked the thread, don't forget to RT/Like the 1st tweet and Follow for more content

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More from @josefabregab

Jan 12
The bull market is upon us.

If you want to start it off on the right foot, you must first understand these three (3) @MetisDAO flywheels:

1. #MetisEDF Flywheel
2. Sequencer Mining Flywheel
3. Ecosystem Grants Flywheel

Let's break them down🧵👇

(1/4)
1. #MetisEDF: The Metis Ecosystem Development Fund Flywheel

The Metis Ecosystem Development Fund (EDF), currently worth over half a billion USD, is a 4.6M on-chain $METIS fund created to accelerate adoption and growth on #Metis. At launch, it turned a lot of eyes towards the Metis ecosystem, increasing awareness for the ecosystem dApps and demand for the $METIS tokens. This kicked off a swift flywheel effect:

The more demand there is for $METIS, the more the #MetisEDF grows.

The more the #MetisEDF grows, the more the rewards for builders/holders/users grow.

The more the rewards for builders/holders/users grow, the more demand for $METIS.

The cycle continues, and strengthens.🔄

(2/4)Image
2. Sequencer Mining Flywheel

Sequencer mining is basically another term for staking.

Initially, the decentralized sequencer will launch with three (3) sequencer nodes, and progressively grow from there. Each sequencer node can stake anywhere from 20,000 METIS to 100,000 METIS. Several LSD dApps are already in line to join the decentralized sequencer. Assuming there's 6 sequencer nodes in total after 6 months, and each of these holds 50,000 on average, the decentralized sequencer would lock 300,000 $METIS tokens, or 6% of the circulating supply.

As you can imagine, this number will likely just grow over time, creating potential supply shocks, fueling an increased demand for $METIS, and [Enter previous flywheel]: The higher the demand for $METIS, the higher the price of $METIS. Reward for sequencers are on $METIS.

Since the staked funds are also on $METIS, the APY will, in $METIS terms, remain the same. Although, in USD terms, it could increase significantly.

Enter game theory as well: Why would you put your $METIS rewards, which are automatically added to your position's balance, anywhere else if you're getting a liquid staked METIS by mining through a METIS LST?

There will be products for $METIS LSDs, which will allow staked $METIS to earn yield by staking $METIS (sequencer mining) AND LPing/lending that stMETIS for extra yield.

Higher yield➡️higher number of $METIS locked➡️higher value for $METIS➡️higher demand for $METIS 🔄

(3/4)Image
Image
Read 5 tweets
Jan 6
It's official: WAGMI (@PopsicleFinance) will deploy on @MetisDAO on Monday.

It will be the first disbursement of the #MetisEDF: the 4,600,000 $METIS ecosystem development fund.

Here's everything you need to know to make the most of out of this deployment🧵👇
@danielesesta, founder of WAGMI, singlehandedly attracted billions of dollars to other ecosystems, including Fantom and Avalanche. On his own words, the potential here is way bigger. He's also deploying a protocol never seen before. WAGMI, but on steroids.

(2/18)
On this thread, we'll cover:

• What is WAGMI deploying on @MetisDAO?
• Ecosystem composability
• Alpha from the #Metis recent spaces with Dani
• Flywheel

(3/18)
Read 18 tweets
Jun 21, 2023
My friend called and said he bridged $ETH, $BTC, and stables to @MetisDAO.

Now, he's earning a 11.63% Cumulative APR on his funds.

Here's his portfolio🧵👇

(1/7) Image
He likes "safe" investments. So, no impermanent loss or liquidation risk, but he's aware of smart contract risk always being present in DeFi.

His portfolio [in Metis] is pretty simple. It consists in:

• 50% $USDC
• 30% $ETH
• 20% $BTC

(2/7) Image
For $USDC, without thinking it twice I told him: @Athena_DeFi_

In Athena, users are currently earning a mind-boggling 16% APR on their $USDC 🤯

So, you can imagine where his $USDC is sitting at.

(3/7) Image
Read 9 tweets
Jun 21, 2023
The Ethereum community is considering increasing the max validator stake from 32 $ETH to 2048 $ETH.

At plain sight, it might look like it will just make Ethereum more centralized.

Nevertheless, this is a major misconception🧵👇

(1/10) Image
Before we start, there's a key clarification that must be made:

Validator ≠ full node

A full node can actually have hundreds of validators, as explained by @toghrulmaharram.

Therefore, validator centralization could already be there, even without this upgrade.

(2/10)
This upgrade would do nothing in terms of centralization, or decentralization.

If anything, it would slow down the, sometimes referred as artificial, growth in Ethereum validators driven from the low max $ETH supply that is allowed per validator.

(3/10) Image
Read 12 tweets
Jun 20, 2023
The number of $crvUSD holders grew by 300% in the last 2 weeks.

What is behind this growth?🧵👇

(1/6) Image
First of all, what's $crvUSD?

It's @CurveFinance's newly deployed collateralized-debt-position (CDP) stablecoin pegged to the US Dollar.

It's similar to $MAI, or $DAI, but added a game changer liquidation algorithm called LLAMMA.

More on LLAMMA some other time.

(2/6)
On June 8th, a proposal passed in @CurveFinance to accept @LidoFinance's $stETH as collateral.

This move allowed $crvUSD increasing its debt ceiling by an outstanding 15x.

dao.curve.fi/vote/ownership…

(3/6) Image
Read 8 tweets
Jun 19, 2023
Yield Aggregators can generate MASSIVE returns in DeFi📈

If you aren't using any, you're missing out BIG time.

Thread on @Athena_DeFi_, a hidden diamond🧵💎

1/13 Image
Before deep diving into @Athena_DeFi_, we must first understand @hummusdefi.

Hummus is a novel stableswap, based on @Platypusdefi.

Users can trade between stablecoins with MINIMAL slippage, and provide single-sided liquidity.

2/13
Many of the challenges faced by traditional stableswaps are solved by Hummus, like:

• Impermanent Loss
• Liquidity fragmentation
• Obligation to provide liquidity in pairs
• User Experience Fragmentation

So, you can imagine how pleasent of an experience it is.

3/13 Image
Read 15 tweets

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