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
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
@picklefinance is a Yield Aggregator that compounds yields accross various chains. I'll do a thread on it later this week or next, but Today I'll just say...
THERE ARE FARMS PAYIN +100% REWARDS IN $WBTC & $METIS...
A decentralized network represented by a single face is still subject to a single point of failure, & recent events have made this very clear
🧵Thread on what happened Today in DeFi, the current scenery, & the upcoming role of @MetisDAO
1/29
2/ On this thread we'll cover:
• #andrecronje quitting $FTM & what (possibly) led 2 it
• What's on the plate for $FTM
• @MetisDAO
• Fits like Cinderella's shoe
• Access routes to @MetisDAO
• DeFi Sauce in @MetisDAO
• @MetisDAO NFT Collections
Get some 🍿and lets go👇
3/ #andrecronje quitting DeFi & what (possibly) led to it
Andre Cronje, most prestigious Fantom dev & the person behind @iearnfinance and $SOLID, went MIA a few days ago when his account became deactivated
Speculation surged to ATH type shi & Today @AntonNellCrypto confirmed it
I'll try to lay out the current scenery for
• $METIS
• $MAIA
• External protocols that partner in with for @MetisDAO 's native version of @solidlyexchange :
$HERMES
🧵This will be an interesting one (1/19)
2/ On this thread, we'll cover:
3- Clarifying $HERMES & $SOLID model once & for all 8- @solidlyexchange impact on $FTM & its eco 11- Possibilities for potential partners 13- $MAIA price & TVL post-announcement 16- For $METIS
*3-7: my own understanding of the model
Let's go👇
3/ Before we start, its super necessary that we fully understand WHAT EXACTLY IS $HERMES, and how/why its model of incentivizing fees will not clash or compete with other AMMs models and strategies, but instead COEXIST with them, & improve the overall eco's outcome