QiDao is one of the fastest-growing, most well-respected protocols in defi, and the sheer multitude of ways you can earn $ from it are quite vast...
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I did a big thread on @QiDaoProtocol a few months ago (see below), but today in this thread I wanted to actually break down all the various ways you can earn yield via...(cont.)
...the @QiDaoProtocol ecosystem, as there have been new strategies popping up almost daily it seems like...
As a brief reminder, QiDao is a fully-collateralized disintermediated on-chain stablecoin protocol, using stablecoin $MAI (aka $MiMetic) and governance token $QI.
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The TVL of @QiDaoProtocol has more than tripled since November when it was around $100M, and is now at $365M as of today.
The market cap of $QI is $75M currently.
As promised, here are 10+ ways to earn substantial yield with it.
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One: Become a liquidity provisioner for any of the incentivized vaults on QiDao-Matic (its original native chain).
This includes the @QuickswapDEX $MAI / $USDC vault and $QI / $MATIC vault, and the $MAI-3CRV @CurveFinance pool (see below!).
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Two: Lock up your LP tokens on QiDao-Fantom, which also offers some great incentivized options.
This includes (again) the $MAI-3CRV stablecoin pool on @CurveFinance, and the @beethoven_x pools for $MAI / $USDC or $QI / $FTM.
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Three: Do the same on either of the two incentivized @QiDaoProtocol - Avalanche farms.
To use any of the above strategies, you first 'add liquidity' on the corresponding dex, and then stake your LP tokens not on that dex, but rather on the @QiDaoProtocol site itself under 'Farms'.
Stables usually average 14%-20% in my experience... $QI pairs 60%-100%.
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Four: Lock up your 'pristine collateral' blue-chips in the @QiDaoProtocol vaults and borrow $MAI against them at 0% interest.
This functionality is on a bunch of different chains, and there are a myriad of tokens you can lock up, such as $BTC, $ETH, $CRV, and $AAVE.
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Five: If this wasn't intriguing enough, you can also take INTEREST-BEARING TOKENS and borrow against them.
E.g. You can literally deposit @Screamdotsh and @beefyfinance receipt tokens, and borrow $MAI against them while they STILL EARN YIELD while serving as collateral!
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Six: Lock $QI for 1-4 years on @QiDaoProtocol in the 'Boost' section, and receive weekly $QI yield in return :)
This is one of the coolest aspects of @QiDaoProtocol imo, and I have quite a bit of $QI locked for 4 years in this manner.
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Seven: As a holder of locked $QI, you can also potentially earn bribe rewards for your gauge votes!
Locked $QI holders vote on which vaults earn borrowing incentives, and various entities have utilized bribes to earn such votes since the gauge was implemented :)
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Eight: Create synethic locked $QI and lp it :)
As also seen on the above #FrenchChart diagram, you can- instead of locking it yourself- create synthetic locked $QI via either @tetu_io or @aavegotchi.
Here's a screenshot of the options on TetuSwap:
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I was LPing $QI / $tetuQI in this manner for awhile, until the apr's got pretty low (due to the strategy's popularity I presume).
I haven't tried the synthetic $QI option from @GotchiVault, but here is a tweet from @lemiscate with some info on it:
But he did not allow himself to marinate in depression, or numb his pain with pleasure/vice/etc...
He rather fled towards the hard frontier out West, in what was then Dakota Territory... ceaselessly repeating his mantra "Get action... Get action..."
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And we can extend this concept to the realm of art as well...
It is said that the greatest inspiration behind The Lord Of The Rings was Tolkien's lifelong grief over the loss of both his parents as a child, and two of his closest friends in WWI (which he also fought in)...
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And one of the main themes of LOTR seems clearly to be the ubiquity of suffering and pain in life, along with the resolve to fight on and never give up in spite of it...
Thread: Thoughts On Life And The Transmutation Of Pain
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So this is a long, meandering schizo thread...
But it starts with a story involving a family I once knew...
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This family- who I'll call the N's- lived in a small, extremely derelict trailer park way out in the woods (example type images below)...
This was hardcore, radical, American-gothic style poverty... beyond that which most people in the US will ever see...
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It was not new to me, as I had spent thousands of hours in similar trailer parks as a teenager, chasing every degenerate biochemical vice that existed in those backwoods hills...
However... the N's trailer was extreme even by those standards...
Thread: 10 Utterly Brilliant Crypto/Macro Crossover Thinkers You Should Be Following In 2024
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One good thing about all the cross-market carnage the last two years is that it very much cemented the fact that crypto is macro and macro is crypto...
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The recent ETF approvals and coming Circle IPO further illustrate this...
And as time passes and crypto slowly eats the tradfi financial rails (see the esteemed Larry Fink below for more on this :) ), they will converge more and more...
In the massive daily curatooring I do for @thedailydegenhq I come across multitudes of incredible accounts on here, and the below list represents 10 truly brilliant dual crypto+macro experts who I think its imperative you follow...
Thread: 10 Extremely Good Crypto + Macro Videos I Watched Recently...
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Haven't done one of these in awhile, but watched some absolute bangers the last couple weeks so wanted to curate them in a thread!
Here they are:
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One: @0x_Kun's recent interview w @cryptodan19
The blue wassie has become one of my favorite follows on all of CT, w some of the most well thought-out wisdom on investing in crypto of anyone on this app.
Thread: 10 Great Crypto Chart/Data Poasters You Should Be Following!
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So in my research for @thedailydegenhq I am constantly looking for good charts/data to include, and wanted to share ten of the best accounts to follow if you like that sort of thing :)
List below:
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One: @Flowslikeosmo
Probably the most prolific chart and data poster in defi...
Every single day Osmo posts a variety of interesting stuff. Dude never misses, insane consistency 💪
Thread: Logging, Wage-Cucking, Remote Work, And Wifi Money
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When I was growing up, one of my best friends was a Mormon kid named JS... (cont)...
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JS was the youngest of 6 siblings, and because his family lived near the local elementary + high school, I often hung out at his house in the evenings after football/baseball/etc practice, and would, as a result- very occasionally- see his father, RS.
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RS was a big, imposing guy with a giant brown beard who worked as a logger.
He would wake up every morning at 3 am and drive way off into the mountains, and then in the evenings he also worked a second job part time as a heavy machinery mechanic.