Thread by @pLUNADAO

Have you been participating in @prism_protocol's PRISM FARM by staking your $yLUNA?

The initial vesting period of 30 days has come to an end & $PRISM is starting to unlock.

Here's a small step-by-step guide 🧵 enabling you to make the most of your rewards #alphainside 🤝

1/ A quick heads-up:

In the following we are going to assume you're long $PRISM and willing to keep your exposure to the token.

Need a $PRISM #Tokenomics refresher? We got you 👇

https://twitter.com/pLUNADAO/status/1505966074356981773

2/ Once you initiate the process of claiming your vested tokens, you will be greeted with the following options:

a) Claim
b) Claim & Stake
c) Claim & Pledge

Better chances than on "Who wants to be a millionaire?"😉 - but the question remains:

What should you do?🤨

3/ Basics first - let's start with "Claim"

Simply "Claiming" your $PRISM does exactly what it sounds like:

Claim and you get $PRISM in your wallet. You are now free to use these tokens as you please.

We'll get to IF and WHEN this is the best option at the end 👇👀

4/ "Claim & Stake"..

... is equally as straightforward!

Instead of receiving $PRISM and needing to stake it, the protocol does it all for you. One click of a button and you receive freshly staked $xPRISM 🥩

Sounds gud, but is this the best way?

5/ "Claim & Pledge"

If you have followed us for a while, you know about the importance of generating AMPS ⚡️ with your $xPRISM.

In short: Pledging your staked $xPRISM to the AMPS Vault gives you AMPS, which boost your $yLUNA staking rewards.

6/ Since AMPing does not come with a lock-up of your $xPRISM, there's really no reason not to pledge your tokens.

Keep in mind: Unpledging for even a second resets your AMPS 😱(still not a reason not to pledge in the first place!).

Alright alright, what's best strategy ?

7/ There's two scenarios:

a) $xPRISM is below its fair value (currently: 1.0434
$PRISM, check the "Govern" tab)

b) $xPRISM is at or higher than its fair value

8/ In scenario a) you can make an instant profit by taking the arbitrage opportunity !💸

Step 1: Choose "Claim" and get $PRISM

Step 2: Swap your $PRISM for $xPRISM on @prism_protocol's DEX

Fun fact: There's a 3,5 % arb opportunity RIGHT NOW👀

Who said arbitrage was for bots?

9/ In scenario b) there's no profits to be reaped 🥲

Save yourself the trouble (& the transaction fees) by choosing "Claim & Pledge" and receive $xPRISM that's already hard at work for you ⚡️⚡️⚡️

Note: "Claim & Stake" is (almost) NEVER the answer!

... & that's it!

Go out there, make the most of those rewards and make us #LUNAtics proud!

Thank you for letting us know if you appreciated this guide :)

Stay tuned for more on @prism_protocol & @terra_money 🤝👀