Here's my strategy for maximizing the return of my Platypus.Finance investment #PTPInvestmentStrategy I have approx. 20k PTP, which already accumulated 600k vePTP. Till now I focus primarily on accumulating PTP, as in my view the asset is extremely undervalued.
2/ First focus on getting as much vePTP as possible. Although not tradable this asset gives you the power to capture bribes. Bribes give you APY of 20-50%, depending on how long you accumulate it. You need to stake for 10 months your PTP to get the maximum 100X amount of vePTP.
3/ However you can speed up the vePTP generation if you equip your address with Speedo or Diligent NFT. Speedo increases the speed of vePTP production by a fixed %. Diligent deliver a given vePTP/hour. I have Speedo Level 14 (14% speed up) purchased for about 750 PTP.
4/ This way I will reach max vePTP only in 8.5 months. Then I will equip my address with my Pudgy NFT, which will increase the vePTP cap by 14%. Now comes the fun part! --->
5/ When I reach the maximum vePTP I will use Hibernate NFT, allowing me to keep 50% of accumulated vePTP, while at the same time allowing me to unstake my PTP, deposit to another address and start all over again! If you don't have Hibernate and unstake you lose all the vePTP!
6/ I can repeat this as many times as I want with multiple Hibernate NFTs (I have 2 of them now). When the price of PTP increase substantially I will unstake all my PTP, convert to stablecoins that provide best yield (USDT, MONEY, etc.) and use my vePTP to boost my yield.
7/ This is a long-term strategy, which will require a minimum of 8-12 months to fully unfold. It is not suitable for people with time horizon less than that. My prediction is that I will at least double my investment this way, this without the anticipated PTP appreciation.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
