Do you want to get your $GLP yield above 100% APR, anon?
Read this thread and I’ll teach you how.
$GLP $plvGLP $GMX $PLS
Read this thread and I’ll teach you how.
$GLP $plvGLP $GMX $PLS
To achieve a 3 digit APR, we'll be using $plvGLP from Plutus.
Deposit your GLP in their vault and you’ll receive $plvGLP, an auto-compounding derivative, in return.
plutusdao.io/vaults
Deposit your GLP in their vault and you’ll receive $plvGLP, an auto-compounding derivative, in return.
plutusdao.io/vaults
Degen Time: Both @LodestarFinance and @VendorFi take $plvGLP as collateral.
· Deposit $plvGLP
· Borrow Stables
· Mint More $GLP
· Loop Until Satisfied
Until there's a tool that automates this, you have to do it manually.
· Deposit $plvGLP
· Borrow Stables
· Mint More $GLP
· Loop Until Satisfied
Until there's a tool that automates this, you have to do it manually.
Key Takeaway: $plvGLP is #PrimeCollateral.
· Compounding increases value of collateral.
· Backing is 50% in stables which reduces volatility.
· Low Fees: DegenBox has a 50% management fee. With $plvGLP, there’s a yield fee of 10% and exit fee of 2%, the choice is simple.
· Compounding increases value of collateral.
· Backing is 50% in stables which reduces volatility.
· Low Fees: DegenBox has a 50% management fee. With $plvGLP, there’s a yield fee of 10% and exit fee of 2%, the choice is simple.
Leverage, which is what you’re doing when looping, is always risky.
You’ll want to keep an eye on $GLP price to prevent liquidation.
stats.gmx.io
You’ll want to keep an eye on $GLP price to prevent liquidation.
stats.gmx.io
Farming Calculator
If you’re interested in exact farming numbers, Plutus created a calculator to run simulations.
docs.google.com/spreadsheets/d…
If you’re interested in exact farming numbers, Plutus created a calculator to run simulations.
docs.google.com/spreadsheets/d…
Two Options:
· Degen - Loop $plvGLP at a high LTV as much as your heart desires, but risk liquidation.
· Conservative - Loop $plvGLP once or twice at a low LTV (~50%) to increase yield at a lower risk.
· Degen - Loop $plvGLP at a high LTV as much as your heart desires, but risk liquidation.
· Conservative - Loop $plvGLP once or twice at a low LTV (~50%) to increase yield at a lower risk.
Bigger Picture
Tokenomics v2 is what EVERYONE is sleeping on.
Locked $PLS, AKA $IPLS, will enhance rewards of all “plsAsset staking and vaults” where the max boost is a 2.5x multiplier.
Like $GMX, there will also be $esPLS and Plutus multiplier points (PMP).
Tokenomics v2 is what EVERYONE is sleeping on.
Locked $PLS, AKA $IPLS, will enhance rewards of all “plsAsset staking and vaults” where the max boost is a 2.5x multiplier.
Like $GMX, there will also be $esPLS and Plutus multiplier points (PMP).
We don’t know exactly how v2 will work with looping, but it’s clear that $plvGLP already provides the highest return on $GLP TODAY.
The value proposition of this money lego that Plutus has created is clear as day.
The value proposition of this money lego that Plutus has created is clear as day.
This is the PMF play that ultimately shows what Plutus is capable of.
Smart contract risk is always a possibility, especially when in a leveraged position like this. Be careful if you're gonna ape.
Best of luck anon, enjoy the enhanced yields and don’t get liquidated.
Smart contract risk is always a possibility, especially when in a leveraged position like this. Be careful if you're gonna ape.
Best of luck anon, enjoy the enhanced yields and don’t get liquidated.
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2. Favorite/RT the first tweet!
https://twitter.com/dLuxGMI/status/1599755512874422272
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