Splitting ("refracting") your #LUNA into #yLUNA and #pLUNA can currently earn you the highest attainable #LUNA yield in the @terra_money ecosystem π
That is, if you know what to do π‘
A quick 𧡠on how to maximize your #LUNA #ROI on @prism_protocol π₯
That is, if you know what to do π‘
A quick 𧡠on how to maximize your #LUNA #ROI on @prism_protocol π₯
1/ First step: Refract your #LUNA (see above). You now own an identical amount of #yLUNA and #pLUNA.
These tokens can always be merged back together to form a full #LUNA (well, #cLUNA, which has to unbond back to #LUNA for 21-24 days, like #bLUNA - but you get the point!)
These tokens can always be merged back together to form a full #LUNA (well, #cLUNA, which has to unbond back to #LUNA for 21-24 days, like #bLUNA - but you get the point!)
2/ #yLUNA is #LUNA's yield component. Therefore, it can be staked, just like regular #LUNA. You can attain the "normal" staking yield in @prism_protocol's "stake" tab.
#Airdrops are automatically claimed by the protocol, further simplyfing your UX.
#Airdrops are automatically claimed by the protocol, further simplyfing your UX.
3/ Looking to supercharge your #yLUNA yield?
Then forget about "normal" staking and #welcome to the #PRISM #farming #event, where lockup periods don't exist and the #APR is currently at a staggering 48 % (= 60 % APY with weekly compunding)!
Then forget about "normal" staking and #welcome to the #PRISM #farming #event, where lockup periods don't exist and the #APR is currently at a staggering 48 % (= 60 % APY with weekly compunding)!
4/ Keep in mind that rewards in the #PRISM farm are paid out in @prism_protocol's native #PRISM token.
..as one of the most innovative @terra_money projects, backed by the likes of #terraformlabs (creator of #Terra), @jump_ and @hashed_official...π
It's a classic #hodl tbh!π
..as one of the most innovative @terra_money projects, backed by the likes of #terraformlabs (creator of #Terra), @jump_ and @hashed_official...π
It's a classic #hodl tbh!π
5/ So you're now already (!) earning the best #ROI on @terra_money, but it gets better:
You still have your #pLUNA, representing the #LUNA principal (& #governance rights)
What can you do with these?
You still have your #pLUNA, representing the #LUNA principal (& #governance rights)
What can you do with these?
6/ #LiquidityMining on @prism_protocol is becoming more and more profitable as the #trading volume in the #pLUNA/PRISM and #yLUNA/PRISM LPs is picking up!ππ
For #yLUNA this is not the best way to earn #yield (see above). But for #pLUNA, this is currently a viable option.
For #yLUNA this is not the best way to earn #yield (see above). But for #pLUNA, this is currently a viable option.
7/ Further #pLUNA use cases? Not many, atm.
That is what we - the @pLUNADAO - are here to solve.
We are fostering the adoption of #pLUNA and increasing use cases.
Join us in our quest to see #pLUNA getting more and more #value and stay tuned for what's to come π
That is what we - the @pLUNADAO - are here to solve.
We are fostering the adoption of #pLUNA and increasing use cases.
Join us in our quest to see #pLUNA getting more and more #value and stay tuned for what's to come π
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