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Awinish_M.eth 🦇🔊 Profile picture
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Sep 22 • 14 tweets • 6 min read
I said a few days ago that there were triple digits APY on stable coins in a blue chip. Well, @kava_platform posted it but currently the APY has been going down and sits around 24.8% and up too 47,17% APY.

But hey, decent yield + stables am I right?
👇🏽🧵
/1 We all know @CurveFinance as the well known stable swap AMM which allows 1:1 assets to be swapped in an efficient manner with low slippage. Curve recently expanded to the @kava_platform ecosystem. So what's the TL;DR on Kava?

/2 @kava_platform is a L1 within the IBC-ecosystem and is unique since it's one of the few blockchains that simultaneously support the EVM as well. Now with the core infrastructure being built out, it's time to create a flourishing ecosystem and attract both users and TVL.
/3 In March the Kava Rise was announced, a whopping 750M USD developer incentive program to, as they say 'continue onboarding the most innovative developers across the #DeFi, #GameFi & #NFT verticals to @kava_platform".
/4 The funding model is quite cool imo, 62.5% of all block rewards from Kava-Ethereum and Kava-Cosmos will be used to distribute it amongst developers which are building out the Kava ecosystem.
/5 So, now you want to earn some of these juicy rewards as well. How do we get here? By using the bridge of @CelerNetwork. To save yourself the hassle of RPC settings, just connect first from Kava-Ethereum with your MM and it prompts if you want add the Kava network.
/6 Bridge over your $DAI, $USDT or $USDC and if you’ve received it on the Kava side, go ahead and deposit it into @curvefi to earn the juicy rewards of 24.6% paid out in $KAVA and 0.68% in swap fees.

And the other 22.37% APY then?
/7 So, now you’ve got your $KAVA, there are few options to go with. On the 12th of October Kava11 will go live and see the launch of liquid staking and would be a good one imo since you'll be receiving rewards but still have access to your $KAVA.
/8 Thinking we’ll see more goblin town? Swap your $KAVA for $BUSD on @Kava_Swap and stake this $BUSD to earn additional $KAVA.

Why?
/9 If you stake your $BUSD it will be used to mint and lend out $USDX (Kava Network’s overcollateralized stablecoin). If you want to unstake your $BUSD, you’ll be able to withdraw your $BUSD for free at anytime according to @Kava_Swap.
/10 By staking your $BUSD you’ll be getting an additional yield of 22.38% APY paid out in $KAVA.

How to do that?

Simple, go to the website of @Kava_Swap and click on 'start earning' and the rest speaks for itself.
/11 Even though I mentioned $USDX in this strategy I want to highlight here as well that $USDX is off-peg for a while. This thread is no financial advise and I encourage you to DYOR!
/12 Found this thread interesting? Please give me a:
- Like❤️
- RT🗣
And follow me @Awinish_M to stay up-to-date for #DeFi, #farming strategies & other (quality) content.
/13 I’d really love it if you could help me by retweeting the first tweet so we’ll reach more people!

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More from @Awinish_M

Awinish_M.eth 🦇🔊 Profile picture
Sep 23
I recently discovered a new manner to DCA your way into assets with a discount of 10 - 15%. An additional benefit here is that you, as a user, will contribute to the stability and longevity of the protocol as well.

👇🏽🧵
/1 The protocol that can be used to DCA your way into a new asset is @vestaxyz which is a stablecoin issuer on Arbitrum. Here’s a thread I wrote earlier about this project.

/2 Users can open a vault and mint $VST with these assets as collateral but must maintain a Minimal Collateralization Ratio (MCR) above these percentages to prevent liquidation:
⁃$ETH - 110%
⁃$renBTC - 110%
⁃$gOHM - 150%
⁃$GMX - 150%
⁃$DPX - 150%
⁃$GLP - 120%
Read 15 tweets
Awinish_M.eth 🦇🔊 Profile picture
Sep 6
There's a lot of buzz around the Merge and the #ETHPoW airdrop. But did you've ever gave these things a second thought:
- The exchange where you'll your $ETHW
- Liquidity
- Buyers
- Whoever else is going to sell
- (Of course the operational risks as well!)

👇🏽🧵
/1 @bobbyong posted a good thread about how to take advantage of the Merge. But I think that, after doing some guesstimates, it won’t be that attractive to chase the airdrop itself. However if you got some longterm $ETH, it can be beneficial.

/2 According to Coingecko these exchanges currently support the Proof-of-Work fork and is dubbed $ETHW
@MEXC_Global
@gate_io
@Phemex_official
@bitfinex
@Poloniex
@HuobiGlobal announced that they potentially will list $ETHW if turns out to be safe.

theblock.co/post/161913/hu…
Read 18 tweets
Awinish_M.eth 🦇🔊 Profile picture
Aug 7
I haven't been spilling that much alfa lately. But even in a bear market builders keep building and threadooors keep threading and here's some actionable alfa for you guys to directly enjoy

👇🏽🧵
/1 @savvydefi is an Alchemix fork on Avalanche and I know that they're almost out of stealth modus. They currently have an interview round going on, help the team out by doing the interview, and who knows, they might reward you for your help.
/2 @primex_official is a cross-chain DEX which currently is in its testphase and might reward users for participating in their testnet. Follow the steps in their Discord, help the team by giving them some feedback and you should be good.
Read 12 tweets
Awinish_M.eth 🦇🔊 Profile picture
Aug 6
/1
I was listening to this new podcast and I was quite intrigued by the way how these guys explained to make some $$ through participation in the governance process.

👇🏽🧵
/2
A major selling point of decentralization is giving governance power back to the users but we’re seeing that a lot of that isn’t happening nowadays. A lot of token holders only care about ‘numba go up’.
/3
To be up-to-date about a certain project that you’re following, check out the governance forum. You’ll see some updates, thoughts and proposals that the majority of holders don’t even knew would be possible. This can give you some insight and alpha.
Read 11 tweets
Awinish_M.eth 🦇🔊 Profile picture
Mar 29
/1
A few weeks ago I asked you guys to shill me a good project which could be interesting in the future. I saw some really nice projects coming by but a fren said to me that I had to dive into the tech of @agoric. I dived into it and I have no regrets!

👇🏽🧵
/2
What is @agoric? It’s a "Decentralized Proof-of-Stake smart contract platform in the #Cosmos ecosystem which allows for smart contract possibilities written in JavaScript".
/3
As you might know, there is a serious shortage on #Web3 developers. This often is due to the fact that special programming language such as #Rust of #Solidity needs to be mastered before one can start working on a #dApp.
Read 19 tweets
Awinish_M.eth 🦇🔊 Profile picture
Jan 4
/1
I came across a new project called @vestafinance and decided to dive deeper into it because it drew my attention. Why?

Let’s make a 🧵👇🏽 about it!
/2
First things first, what is @vestafinance? It is a #collateralized #debt protocol which means that the protocol allows for borrowing with a slight over-collateralization of just 110% instead of the usual 150 - 180% rates in $DeFi.
/3
At the launch of the project you can deposit #ETH/#gOHM/#renBTC to mint $VST. (This is the stablecoin which can be minted through the protocol). If wanted, the $VST can always be converted back to redeem the underlying collateral.
Read 18 tweets

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