Ape Digest Profile picture
May 8 โ€ข 13 tweets โ€ข 11 min read
A great day to enter the #crypto market, everything is on sale!

What will you be buying today?

Here's my list.

๐Ÿ“œ๐Ÿ”๐Ÿ‘€
1/

My ๐Ÿป strategy.

1. Revisit your investment theses
2. Find conviction in strong picks
3. Sell if fundamentals change
4. Portfolio consolidation (โ‰ค 10)
5. Rotate #altcoins into #bluechips
6. Dollar cost average on red days
7. Market โฌ‡๏ธ = Accumulation โฌ†๏ธ
8. Enjoy the discounts
2/

My ๐Ÿป picks.

1. $LUNA
2. $UST
3. $ETH
4. $RUNE
5. $NEAR
6. $AVAX
7. $GLP
8. $FTM
9. $SOL
10. $BTC
3/

$LUNA ๐ŸŒ–

I'll definitely be scooping up some $LUNA for cheap.

Visit @TeamKujira for even more discounts. My premium is set at 5% for any major liquidations.

I also use @ArbieApp to notify me of any arbitrage opportunities.

Check out how I diversify my $LUNA portfolio! ๐Ÿ‘‡๐Ÿป
4/

$UST ๐Ÿช™

You can buy $UST when it depegs for free money.

My $UST is sitting in

1. @anchor_protocol
.: Earning 20% APY risk-free

2. @ApertureFinance
.: Earning 60% APR from delta neutral farms

3. @TeamKujira
.: Earning yields in $aUST while waiting for liquidations
5/

$ETH ๐Ÿ’Ž

The original #bluechip, a portfolio essential.

There are rumors speculating that #ETH2 might be finally launching some time this year.

@ethereum 2.0 key features
1. Proof-of-Work โžก๏ธ Proof-of-Stake
2. Inflationary โžก๏ธ Deflationary
3. Staking rewards โฌ†๏ธ

๐Ÿ‚ catalyst.
6/

$RUNE โšก

@THORChain is building the @binance of #DeFi.

Assets can be traded natively, each paired with $RUNE for deep liquidity.

1. Intrinsic value of $RUNE โฌ†๏ธ
2. Bridge exploits โฌ‡๏ธ

Did I mention that every $1 of non $RUNE asset staked increases the value of $RUNE by 3x?
7/

$NEAR ๐Ÿ—ฟ

@NEARProtocol #TVL has increased by 6x since the start of February, with @auroraisnear surpassing over $2 billion in #TVL.

$USN was recently launched with promises of 20% APY flowing from @burrowcash, @BastionProtocol, @aurigami_PLY, and more.
8/

$AVAX ๐Ÿ”บ

I love @PlayCrabada and @DefiKingdoms, both of which are building on @avalancheavax subnets.

Subnets are dedicated #blockchains that allow creators to build on.

You can also port an existing network of #dApps, #NFTs and #protocols into a subnet seamlessly.
9/

$GLP ๐Ÿงบ

$GLP is an index that consists of 50% #stablecoins and 50% #bluechips.

With $GLP, you profit from traders that make a loss on @GMX_IO.

The best part?
Rewards are paid out in $ETH or $AVAX and $esGMX.

But if you prefer volatile assets, try $GMX.
10/

$FTM ๐Ÿ‘ป

@FantomFDN is down 80% from #ATH since the departure of Andre and the recent liquidations of Roosh.

Now is a great time to accumulate $FTM, while the FVM is still in development.

Nothing has changed fundamentally. A solid ecosystem with many remarkable #dApps.
11/

$SOL ๐Ÿ”…

@solana is one of the cheapest and fastest #blockchains, with a block time of 400 milliseconds and transaction fees of less than $0.01.

I'll be buying more $SOL to increase my sneaker collection on @Stepnofficial.

I'm currently running for 1200% APR on #STEPN.
12/

$BTC ๐Ÿ“ˆ

@Bitcoin is a generational store of value asset.

My plan is to hold on to at least 1 $BTC so that I can be a millionaire when 1 $BTC = $1,000,000.

I will be buying more when $BTC drops below $30,000.

But if you're looking for a quick 10x flip, #BTC isn't for you.

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More from @ApeDigest

May 10
May has been a historically bad month for @terra_money and we are right on cue with $UST de-pegging by 40% today.

Here's what happened.

๐Ÿ“œ๐Ÿ”๐Ÿ‘€ Image
1/

Fundamentals.

What is $UST and how does it work?

$UST is an algorithmic stablecoin pegged to $USD.

$LUNA is burnt to mint $UST of the same value and vice versa.

If $UST falls below its peg, anyone can buy it and redeem it for $1 of $LUNA.

2/

TLDR.

As the volatility moves from $UST to $LUNA, the arbitrage opportunity disappears and the price of $UST stabilizes.

$UST < $1 = $LUNA ๐Ÿ”ฅ

$UST supply โฌ†๏ธ โ†’ $UST price โฌ‡๏ธ

$UST > $1 = $UST ๐Ÿ”ฅ

$UST supply โฌ‡๏ธ โ†’ $UST price โฌ†๏ธ
Read 14 tweets
May 10
The @terra_money and @astroport_fi community has decided.

Is @retrogrademoney inevitable?

Let's take a look at the @ConvexFinance of #Terra.

๐Ÿ“œ๐Ÿ”๐Ÿ‘€ Image
1/

An $ASTRO update.

Circulating supply
.: 129,430,478 $ASTRO

๐Ÿฅ‡ @retrogrademoney
๐Ÿ”’ 25,357,286 $ASTRO (19.59%)

๐Ÿฅˆ @orion_money
๐Ÿ”’ 7,225,034 $ASTRO (5.58%)

๐Ÿฅ‰ @ApolloDAO
๐Ÿ”’ 4,936,670 $ASTRO (3.81%)

๐ŸŽ–๏ธ @reactor_money
๐Ÿ”’ 127,556 $ASTRO (0.10%)

Total ๐Ÿ”’
.: 37,646,546 $ASTRO Image
2/

@retrogrademoney has over 19% of $ASTRO locked up, 3x more than @orion_money at 5.58%.

This accounts for 67.35% of locked $ASTRO across the various protocols.

$RETRO is the clear winner for this war.
Read 13 tweets
May 5
Has the $ASTRO war begun?

Let's do a recap!

๐Ÿ“œ๐Ÿ”๐Ÿ‘€
1/

@astroport_fi is the largest exchange on @terra_money.

Anyone holding $ASTRO can stake it for $xASTRO, earning a portion of @astroport_fi revenue as shown below.
2/

Stats ๐Ÿ“ˆ

Active day ๐Ÿ‘‡๐Ÿป

1. Volume
.: $550,000,000

2. Revenue
.: $1,306,250

3. % to $xASTRO
.: $442,750

Idle day ๐Ÿ‘‡๐Ÿป

1. Volume
.: $150,000,000

2. Revenue
.: $356,250

3. % to $xASTRO
.: $120,750

โฌ‡๏ธ
Read 23 tweets
Apr 19
The NEARest wallet guide for beginner apes.

How to create your $NEAR Wallet with a custom .near address on @NEARProtocol.

Let's explore!

๐Ÿ“œ๐Ÿ”๐Ÿ‘€
1/

1. Visit wallet.near.org/create

2. Click on "Get Started"

3. Choose a security method* to recover your account

*If you chose "Email", you will receive an email along with a recovery link for your $NEAR Wallet. Do not delete or share it, this link is non resendable.
2/

4. Secure your seed phrase

5. Fund your wallet with 0.1 $NEAR or more

6. You have completed the basic setup for your $NEAR Wallet

Do have at least 0.2 $NEAR if you want to create a custom address later.

You can buy $NEAR with @moonpay or on @binance, @kucoincom, @gate_io.
Read 6 tweets
Apr 18
Ever wondered how @terra_money actually works.

Let's explore the perpetual relationship between $LUNA and $UST.

๐Ÿ“œ๐Ÿ”๐Ÿ‘€
1/

Nobody wants to be paid in a volatile asset that could potentially decline in value before or after every transaction.

Enter @terra_money.
2/

History of $LUNA.

In 2018, @stablekwon and @hyunsung1112 co-founded @terra_money as a decentralized stable currency.

Built on @cosmos, @terra_money was designed with the goal of price stability and growth driven adoption to allow transactions between fiat and blockchains.
Read 14 tweets
Apr 9
Here's why I have been accumulating $ASTRO and you should too!

A war is coming to @terra_money and $ASTRO is the key to winning this fight on @astroport_fi.

๐Ÿ“œ๐Ÿ”๐Ÿ‘€ Image
1/

Before we dive in, let's find out more about @astroport_fi.

@astroport_fi is the #1 decentralized exchange on @terra_money.

With over $1.6 billion in #TVL and a daily trading volume of $600 million, you can imagine how much revenue @astroport_fi generates on a daily basis. Image
2/

What is $ASTRO?

$ASTRO is the native token of @astroport_fi.

Its utility is derived from staking, which will then allow $ASTRO to accrue value through $xASTRO and $vxASTRO.

Staking $ASTRO gives you $xASTRO, which can then be locked (โ‰ค 2 years) for $vxASTRO .
Read 21 tweets

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