Barry Fried 🇮🇱 Profile picture
Apr 2, 2022 14 tweets 9 min read Read on X
Here’s a quick reminder of how underrated @MoonriverNW #Moonriver DeFi is
👇🧵
1/14
There are 2 main DEXes on Moonriver (besides for Sushiswap)-@Solarbeamio and @HuckleberryDEX, yet for some reason people haven’t discovered their yield opportunities 🤷‍♂️
2/14
Let’s start with @Solarbeamio:

Deposit $FRAX+ 3pool ($USDT, $USDC, $BUSD), and earn 27% APR
Risk= very low

Deposit $WBTC+ $USDC LP tokens and earn 131% APR
This is a relatively new pool, so get in quick!
Risk=low
3/14
If your bullish on $KSM, deposit $KSM- $stKSM LP tokens and earn 26% APR with basically no IL!
Risk= low/moderate

Deposit $USDC- $MOVR LP tokens and earn 71% APR
Risk=low/moderate
4/14
Another juicy blue chip farm. $xcKSM- $MOVR and earn 88% APR
Risk=moderate

Note: All farming rewards are payed out in $SOLAR.

$SOLAR has multiple utilities to mitigate this potential sell pressure.

Check out the farms here👇
app.solarbeam.io/farm
5/14
Lock and stake the $SOLAR token to receive $veSOLAR, which can be used in multiple ways:
1. Stake $veSOLAR and earn 254% APR!
2. Governance
3. Receive higher allocation to their launchpad!

More uses cases coming👀
6/14
Similar to $veCRV, lockers can lock their tokens for up to 4 years, with longest lockers receiving the highest reward multipliers.

If you unlock before the period ends, you’ll receive an early exit penalty of 75% 😬 (the tokens are then burned)

Lock wisely!
7/14
Now on the other hand, @HuckleberryDEX farms, or as they call “Rivers”, are definitely more Degen-ish.

The safest play here is definitely the $MOVR- $DOT farm, earning 65% APR for LPing!
Risk=moderate
8/14
$KAR- $MOVR pool pays out 105% APR
Risk=moderate/high

Farms are paid out in $FINN, and like $SOLAR, reduce sell pressure through multiple use cases

These are the only farms with an advantage over @Solarbeamio, but check here for all opportunities👇
huckleberry.finance/#/farm
9/14
Stake your $FINN to earn $TOM, receiving .05% fee revenue from swaps (like $xSUSHI)

This $TOM can be used in many different ways:
1. Stake this $TOM to earn more auto-compounded $TOM with 483% APY!
2. Stake $TOM to earn certain Moonriver eco projects! (Not available rn)
10/14
@HuckleberryDEX also offers lending/borrowing, most notably offering 11% on $USDT and $DOT deposits!
huckleberry.finance/#/lend/reservo…
11/14
Remember, as the @MoonriverNW TVL inevitably grows billions of dollars through games, DeFi applications, etc., these DEXes will receive much more volume, driving growth to $SOLAR and $FINN token holders👀

Take advantage of these opportunities before this happens!
12/14
On a side note, congrats to all you Dotsama degens who stuck to the fundamentals and ignored PA. I truly believe we’re just getting started! Love you all❤️
@Kusamaximalist
@TiggersCrypto
@DonnieBigBags
@RiRi_gonewild
@AdamAltcoin
@Trobriand15
@error385
@wolfonaire
13/14
Thank you for reading
Like and retweet!
Follow for daily crypto threads!
@BarryFried1
Comment below what I should cover next👇
14/14

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More from @BarryFried1

Feb 24, 2023
TLDR 90% of raised liq -> .98 - 1 concentrated liq range -> thrown into boxFEE backing wen fully in x (boxETH), whilst boxETH minters utilize this deep liq to generate their own ranges (prob above respective boxETH resolve price, 1), while the other 10% -> .9 - 1 range as POL
🧵
As such, the effective boxFEE “backing” @ t(0) will be a min of .88 - .89 assuming boxETH = 1 ETH (depending on net div loss from concentrated LP)

Naturally, protocol fees to boxFEE hodlers (resolve fees, % of stETH yield, POL, etc) will accrue in the form of boxETH backing
In addition, no one’s gonna mint 1 boxETH:1boxFEE bc dilution/exit liq for presalers (who got in @ .1) + permissionless boxFEE v3 LP (will be able to buy at a relative mkt price thru LP) — thus net boxFEE in circ literally cannot go up wen <1 boxETH backing…
Read 9 tweets
Jan 2, 2023
Ayy looks like the $cvxCRV/CRV pool is finally migrating to v2 lfg Image
This makes me wonder — wat feed have money mkts/CDPs (Rari/Abra iirc) been using to price $cvxCRV all this time?
Oke answered my own q, Rari used a custom oracle utilizing Curve’s cvxCRV/CRV price @ time t + Sushiswap’s cvxCRV/CRV TWAP
Read 4 tweets
Jan 1, 2023
LETS GOOO AJ BROWN
Was literally abt to tweet how bad the Eagles offense looks w.o Hurts (still may be the case but we good now)
WTF WAS THAT PLAYCALLING

3rd & 4 mid draw from own 40 followed by a 4th & 1 QB sneak w their smol backup? Smh
Read 5 tweets
Dec 29, 2022
Oke last time I talk abt UwUlend for a while, tho imo there’s systemic risk w the bLUSD mkt given oracle price = floor price

In the event that bLUSD mkt premium >10% (90% LTV for stables on UwU), users can borrow bLUSD -> swap thru LP -> val of debt net worth more than collat
🧵
So, for example, say bLUSD floor = 1.1 & mkt price = 1.3.

User deposits 1000 USDC -> borrows 818.18 bLUSD (90% LTV) -> swaps 818.18 bLUSD for 1063 USDC (not including swap/gas costs) -> runs away with debt and/or repeats process
However, AFAIK there’s no way to solely manipulate the mkt price of bLUSD to the upside for this attack w.o being net unprofitable (regardless of bLUSD in UwU mkt/LP ratio) unless the attacker had alrdy planned on buying & hodling a bunch of bLUSD thru the LP to begin with
Read 10 tweets
Dec 28, 2022
Incredibly overhyped

The premise is to essentially JIT their own LP rebalances (thereby saving on slip), however (once again), for JIT to be net profitable, fees accrued > LP position delta change + flashloan cost if applicable + batched txn gas cost…
popsiclefinance.medium.com/popsicle-jit-e…
🧵
In the event that a respective “JIT rebalance” is realized to be net profitable amongst the MEV/JIT community - congrats, you’ve got competition (2-3% of fees atm)

If not, and they’re JITing for the sole purpose of net lower rebalancing costs at the expense of unprofitable JIT…
… they may have saved on rebalancing slip costs, however they’re naturally taking a loss within this process, thus “any profits will go back to the protocol” will simply be a loss kek
Read 6 tweets
Dec 26, 2022
If u thought Sifu FULLY controlling the $SIFU oracle & borrowing w 70% LTV was bad…

Turns out there’s another yet-to-launch “placeholder” Sifu-native tkn called SifuM, of which Sifu HARDCODED TO $10 WHILST CONTROLLING 500k TKNS -> used as collat to borrow USDT w 70% LTV LMFAOO
Btw if u wanna see some hilariously brainwashed ppl, check out the uWuLend discord
discord.com/invite/sBCmVSe…
BUT WAIT, there’s more

Sifu & Co have proposed to “turn Wonderland into an org that serves its tkn holders”, aka turn it into a 2 & 10 authoritarian structured fund, bc “there is a high risk of malicious actors carrying out governance attacks in an effort to totalize the system”
Read 5 tweets

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