🚶#MoveToEarn is the current hype in crypto, following the popular #PlayToEarn model that most Metaverse and NFT coins adopted.
🔺On #Avalanche we have our first #M2E application @StepApp_
In 2021, we see an explosion of gamefi, play-to-earn genres, a trend led by @AxieInfinity and then gradually cooled down.
Currently, gamification involves the incorporation of traditional gaming elements into non-gaming activities.
@StepApp_@AxieInfinity Move-to-earn is the current hype in crypto, following the popular play-to-earn model that most Metaverse and NFT coins adopted. As the name suggests, move-to-earn projects enable users to earn rewards for walking, running, dancing, or simply moving around.
@StepApp_@AxieInfinity Step App is the next joint frontier in the metaverse and GameFi market, and an embodiment of physical experiences tied with the metaverse.
Resonating with the plan to build a subnet on Avalanche, this will be a project that cannot be ignored in this game.
- Buy-backs: 50% of play income is used to buy FitFi tokens on the market.
- Burns: Governance can vote to burn up to 50% of bought-back FitFi tokens
- Staking Rewards: up to 50% of market-bought tokens are distributed to FitFi stakers
@StepApp_@AxieInfinity - Locks: Staked FitFi tokens require aa 10-day cooldown for exiting, and bypassing this cooldown carries a 12% fee on the principal stake
- Liquidity Incentives: LP tokens get a 50% higher weight in staking rewards
Pre-registered and new users alike can be excited throughout all of 2022, as the Step App blockchain fitness metaverse is developed and launched later in the year.
- $FITFI Token
Stake to earn portion of ecosystem fees
Stake includes a cooldown, breaking which causes a penalty
Tiered stakers acquire discounts on NFT market
- $KCAL Token
Burned in the creation and maintenance of SNEAKs
Rewarded for steps
@StepApp_@AxieInfinity Thread is for informational purposes only, not investment advice.
Do your own research before making any investment decisions.
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Vector Finance is a DeFi project that belongs to the Yield Optimizer model on Avalanche. Precisely, Vector symbiotically works with Platypus Finance.
Vector allows users to deposit stablecoins, stake $PTP and earn greater profits than on Platypus Finance
In a time of unpredictable market volatility, it's very important to protect your assets. While holding stablecoins is a good risk-free way.
In this thread we will show you how you can make money with stablecoins on #Avalanche
🧵👇
1/ One-side Farm
1.1/ Platypus Finance
When it comes to farming/staking stablecoins, we must of course mention #1 AMM stableswap @Platypusdefi
. If you are holding stablecoins, you should check this out:
- Go to Pool, Select Alt Pool
- Deposit Deposit into pool and earn APR
@Platypusdefi Bonus tip:
- Stake some $PTP on Platypus to Boost Yield
- When you stake $PTP you also receive $vePTP -> Boost more Yield
@avalancheavax propose that ApeCoin DAO launches Otherside on an Avalanche Subnet to support Otherside’s future community growth through rapid transaction processing, higher throughput, greater ability to scale and lower gas fees.
- Apecoin has their own blockchain driven by the APE token.
- Avalanche Subnets deliver the necessary speed, security, low fees, and customizability for the Ape community
- Ava Labs team will provide technical support and expertise to ensure a seamless transition.
The subnet model is an extensible solution for the #Avalanche ecosystem.
Previously, the #Cosmos ecosystem did this very well with #IBCGang , so what is the difference between these two models?
You know how you can’t balance a social life, work, and sleep easily? The blockchain trilemma is similar.
Security. Decentralization. Scalability. Three of blockchain’s pillars that all seem to constantly strive to co-exist but struggle to live in harmony.
2/ This thread will cover Avalanche Subnet and Cosmos IBC in 3 aspects:
- Scalability
- Decentralization
- Security
Our previous comparision Avalanche Subnet vs Parachain
Yeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets such as $sJOE and $sAVAX, and yield-bearing stablecoins in a single debt position for 0% interest.
- Diverse collaterals
- Leveraged farming strategies
- Farming and staking rewards are auto-compounded
- Borrowers receive YUSD (can be swapped or re-deposited into Yeti Finance)
1/ In 2021, we see an explosion of gamefi, play-to-earn genres, a trend led by @AxieInfinity and then gradually cooled down.
Currently, gamification involves the incorporation of traditional gaming elements into non-gaming activities.
@AxieInfinity 2/ Move-to-earn is the current hype in crypto, following the popular play-to-earn model that most Metaverse and NFT coins adopted. As the name suggests, move-to-earn projects enable users to earn rewards for walking, running, dancing, or simply moving around.