We prepared a walkthrough guide (think of it as a quest)
We grouped the projects into categories - don't skip a category - but you can skip/select projects according to your liking. ๐งต๐
1/ We recommend only using a products/projects which you would use regardless if they dropped you free Tokens later
While we already tried to preselect for Wagame #Polygon strategy only probably safe, useful and yield generating Dapps (w/out Token ๐) - remember โ ๏ธNFA, DYORโ ๏ธ
3/ ๐ฑ DEX/AMM
During this #quest you will probably need to swap to the desired Tokens needed, we recommend to use the following DEX/AMM aggregators (you will very likely get best prices ๐ as well ๐)
5/ ๐ฐ Lending/Borrowing
1โฃ #quest - Deposit Tokens as collateral โ ๏ธ select only Tokens you're very certain to perform well and are the least volatile to avoid liquidation โ ๏ธ we would go for a mix of stable assets and #ETH, #Matic, #WBTC
6/ ๐ฐ Lending/Borrowing
2โฃ #quest - Borrow Tokens (we will use'em later in this strategy)
โ ๏ธ the Tokens you borrow should be stable or worst performing assets to avoid liquidation and for repayment of the loan โ ๏ธ
7/ ๐ฐ Lending/Borrowing @market_xyz ๐ polygon.market.xyz
Jarvis Forex Market - TVL $2.2 MM
Deposit $MAI (stablecoin from @QiDaoProtocol) at 1.62% APY and borrow $JEUR, $JCAD, $JGBP or other national currencies (issued by @Jarvis_Network) to basically short those
8/ ๐ฐ Lending/Borrowing @market_xyz ๐ polygon.market.xyz
Green Leverage Locker - TVL $1.2 MM
Deposit $MAI (stablecoin from @QiDaoProtocol) at 12.57% APY
(different rate the before because these are isolated markets)
Borrow $DAI at -9.79% APY and pocket the difference.
9/ ๐ฐ Lending/Borrowing @0vixProtocol - app.0vix.com - TVL is $1.2 MM
Now use the $DAI borrowed in the previous step and deposit on #0VIX at 6.45% APY, then borrow $USDC at -4.11% APY and pocket the difference. Borrow limit >90% since both stablecoins
10/ ๐ฐ Lending/Borrowing @AtlendisLabs ๐ธ app.atlendis.io - TVL $800k
Lend to institutional borrowers and trusted Dapps (WL only) which can take advantage of uncollateralized loans. Higher APYs then on overcollateralized lending but riskier โ ๏ธ
12/ ๐ฐ Lending/Borrowing @TimeswapLabs โณ app.timeswap.io
Borrow $USDC for as little as -0.17% APR, by providing $MATIC, then swap for $MAI and deposit at 12.57% APY on market.xyz
No liquidation, but loan has to be repaid in full on maturity! โ ๏ธ
13/ ๐ฐ Lending/Borrowing
Use the borrowed funds to re-invest into following Dapps ๐งต๐
โ ๏ธ You will need to repay the borrowed funds! Every Dapp bears some risk and those presented in this thread are in beta stage! Adding multiple layers equals extra risk! NFA & DYOR โ ๏ธ
14/ ๐ธ DCA in/out @SymphonyFinance ๐ฑ+ ๐ง๐ผโ๐พ = ๐ต app.symphony.finance
Use limit orders to buy/sell $ETH, $WBTC at your desired price - you can even set a stoploss to protect your position and your assets continue to earn yield until the order gets executed ๐คฏ
15/ ๐ธ DCA in/out @mean_fi - mean.finance
Dollar-cost-average every 4 hours, daily or weekly, yield will be implemented soon โข๏ธ but montly DCA option still missing...
โ viable also for small ๐ธ thanks to low gasfees on #Polygon
19/๐จโ๐พ LP farming @SwaapFinance - beta.swaap.finance
Thanks to novel market neutral AMM design LP positions never get rebalanced - contrary to trad. Pool2 AMMs or #Uniswap v3
no IL (impermanent loss) - LP position equals single tokens ๐คฏ
20/๐จโ๐พ LP farming @ArrakisFinance โจ beta.arrakis.finance - TVL $1.5 Billion
Making profits as a liquidity provider on #Uniswap v3 is quite difficult, estimated >50% of LPs actually loose money!
๐ Deposit into incentivized Arrakis vaults (automated LP strategies for UNI v3 ๐ฆ)
21/๐จโ๐พ LP farming @ArrakisFinance โจ abstracts away the complexities of #Uniswap v3 ๐ฆ liquidity provision, no need to set price ranges and re-adjust - on Arrakis you simply provide 2 Tokens just like for Pool2 - not 50/50 weighted because adjusted to a price range
22/๐จโ๐พ LP farming @DefiEdge - app.defiedge.io - TVL $450k
Invest with a strategy manager who takes care of the necessary re-adjustment of #Uniswap v3 ๐ฆ price ranges โ ๏ธ completely permissionless, just anyone can create strategies, watch out who you invest with โ ๏ธ
23/ ๐ค Automated Strategy @torosfinance - toros.finance - TVL $6.6 MM
One-click automated strategies built on top of @dHedgeOrg
Particularly interesting is the USD Market Neutral Yield Strategy
New @layer3xyz bounty is out ๐ฅ
Claim NFT for donating #MATIC to public goods on @gitcoin Better hurry up anon, this opportunity will last only for 6 days! Any small donation might help great stuff being built!
Some interesting grants worth funding ๐ beta.layer3.xyz/bounties/help-โฆ
2/ Fund ๐ธ @NiceNodeApp
Want to run a full node without installing an new Operating System and without having to run commands? Just download an app and click start. We are Sold on this. gitcoin.co/grants/5959/niโฆ
1/ For easier navigation we categorized every single tweet, feel free to skip over - but be warned - you're then probably ngmi ๐ โโ๏ธ
๐จ #ImBroke Alpha
โน๏ธโโ๏ธ Quest 2 Earn
๐ฟ Web3 Social Dapps
๐ธ Sequence Smart Wallet
๐ฎ P2E Games (Airdrops๐ช)
๐ฅ Wagame Tasks on #Quest3
2/๐จ #ImBroke Alpha - Intro
You might say: "Hey Wagame, this is just a waste of time! Why should I put effort into getting some worthless #NFTs or building pointless web3 credentials?"
Prediction: when #Metamask๐ฆ eventually launches a token, everyone will switch to looking for token-less #web3#wallets. How about beating the crowd and trying out new wallets now?
๐งต๐
2/ Many different types of non-custodial wallets out there. Weโll cover security๐ฎโโ๏ธ and tech details๐ฉโ๐ป at the end. Letโs look at the following categories first:
3/ Before we start - below Wagame safety recommendations:
โ ๏ธ Don't risk funds you cannot afford to loose
โ ๏ธ Use dedicated wallets for testing and newer Dapps
โ ๏ธ Store assets on #HW or #Argent / #Ambire smart wallets
โ ๏ธ Email and wallets possibly on different devices - #phishing
Don't worry Wagame will not let you down! Here is the #ImBroke list Part 2 with the โน๏ธโโ๏ธ Quests you can do while waiting out the #bearmarket and #ArbitrumOdyssey to be continued.
โน๏ธโโ๏ธ Quests are achievable also with small ๐ธ
๐งต๐
@arbitrum 1/ Reminder: last time we spoke about token-less #Web3 social apps ๐ฃ๏ธ that you can try out without spending a cฬตeฬตnฬตtฬต gwei
Hey anon, youโre busy with Arbi Odyssey but we really need to talk about Optimismโs Citizenship NFT. We did some digging โ๏ธ and have a clear ๐ก now on how to get it ๐
Remember: bera markets are temporary but NFTs are forever. We think itโs worth trying to get one. See why ๐๐งต
1/
So we listened to this:
๐จTL;DR Alpha๐จ
Join Discord servers of projects on Optimism & start contributing (earn a role). Projects will eventually give out Citizens NFTs.
1๏ธโฃ What do we know? 2๏ธโฃ Which projects exactly? 3๏ธโฃ Why should you want one? ๐
2/
First, recap:
Op Governance is split into 2 houses. Token House is governed by $OP holders and was initiated via Airdrop 1. Citizens' House is governed by NFTs but they aren't distributed yet. Houses will keep each other in check and govern some different & overlapping areas