Thread by @FishMarketAcad

Most people with GLP are leaving money on the table without maximizing its yield. 💸

Discover how I doubled GLP's yield to earn $100 a day, how you can do it, and up your income! 💰

If you like DeFi strategies, this 🧵 is tailor-made for you. 😎

@GMX_IO #GMX $GMX $GLP

1/10

GLP usually yields around 20% APR, but the yield is separate and given in ETH.

You'll need to auto-compound this yield back into GLP to boost GLP's APR further. Don't worry there's a dapp for it.

"Compound interest is the eighth wonder of the world." - Einstein

2/10

There are lots of auto-compounding GLP vaults but Demex is the only GLP vault with absolutely 0 fees that I found.

Contract audited ✅

It's basically a public good for GMX, they've also done Twitter spaces with GMX, and the devs are doxxed.

Vault: app.dem.exchange/strategy/glp-c…

3/10

It wraps your GLP into cGLP which grows against GLP as it uses its ETH rewards to buy more GLP. 🎁

Make sure you are connected to Arbitrum on Metamask, click Connect Wallet and wrap your GLP.

Next, deposit it onto Demex.

4/10

Demex also has a cross-chain lending market similar to AAVE called Nitron (potential $NITRON airdrop to users).

It accepts cGLP as collateral at 65% LTV, pretty decent.

Deposit cGLP and enable it as collateral.

Lend here:
app.dem.exchange/nitron/lend/cg…

5/10

Double GLP APR strategy:

1. Mint USC, Demex's decentralized overcollateralized stablecoin at 1.5% interest rate: app.dem.exchange/nitron/mint/usc

2. Trade USC to USDC(Arbi): app.dem.exchange/trade/USDC/USC

3. Withdraw USDC to Arbitrum: app.dem.exchange/account/balanc…

6/10

Now that you have more GLP, it's time to loop!

Go to Demex GLP's compounder and repeat the steps.
If you loop it twice, you essentially double GLP's yield! 🤪

I deposited $40k and now earn $100 a day at the current APR. 🤩

Calculator:
docs.google.com/spreadsheets/d…

7/10

But if cGLP drops too much (~25%), you could get liquidated! Want something even safer?

Simple. Mint USC and swap to USDC(arbi) and do other stablecoin yield farming strategies on Arbitrum!

This way you can repay your USC loan at anytime as you're just holding stables.

8/10

There you have it, some strategies to help you earn more return on your GLP.

Remember to do your own research and understand the risks before trying any of these strategies.

Learn more: blog.switcheo.com/earn-the-highe…

9/10

To summarize, this strategy involves 3 steps:

1. Automatically compound GLP fees (in ETH)
2. Deposit GLP into a lending market to get USD
3. Use that USD to buy more GLP

Repeat two more times to double your yield!

Will upload a video tutorial on my YouTube soon!

10/10

Enjoyed this thread?

Use my referral link to get more trading discounts on Demex and support perp DEXes and me as a content creator!

Link: app.dem.exchange/?referrer=JlwZ…

Tagged #RealYield seekers:
@TheCryptoDog
@milesdeutscher
@OnChainWizard
@SamuelXeus
@Route2FI
@thedefiedge
@blocmatesdotcom
@CryptoHayes
@takegreenpill
@0xthade
@CryptoKaduna
@MoonKing___
@crypto_condom
@ThorHartvigsen
@AstrologyCrypto
@CroissantEth
@andrewsaunders

Tagged amazing #DeFi educator (1):
@bychadmandan
@jediblocmates
@rektdiomedes
@JiraiyaReal
@NickDrakon
@ReveloIntel
@RiddlerDeFi
@crypthoem
@TheDeFinvestor
@crypto_linn
@mimiLFG
@launchy_
@Dynamo_Patrick
@jake_pahor
@CryptoDragonite
@VirtualKenji
@defi_mochi
@eli5_defi

Amazing #DeFi educators (2):
@phtevenstrong
@DeFi_Made_Here
@Prof_Crypto_B
@thewolfofdefi
@0xUnihax0r
@defiprincess_
@cyrilXBT
@DefiIgnas
@DegenSensei
@DeFi_Cheetah
@TheDeFISaint
@TheCoffeeBlock
@ViktorDefi
@safetyth1rd
@SmallCapScience
@ChadCaff

Amazing #DeFi educators (3):
@DeFiMinty
@Slappjakke
@DAdvisoor
@MeetWawa
@burstingbagel
@royalty_crypto
@shitc0in
@EricCryptoman
@WinterSoldierxz
@Chinchillah_
@0xTindorr
@ArbiAlpha
@0xCrypto_doctor
@Only1temmy
@CoinSurveyor

@DeFiMinty @Slappjakke @DAdvisoor @MeetWawa @burstingbagel @royalty_crypto @shitc0in @EricCryptoman @WinterSoldierxz @Chinchillah_ @0xTindorr @ArbiAlpha @0xCrypto_doctor @Only1temmy @CoinSurveyor Summary:
1. Compound GLP fees using cGLP
2. Deposit GLP into a lending market to get USD
3. Use that USD to buy more GLP
Repeat two more times to double GLP's yield!

Video Tutorial on my YouTube soon!

Enjoyed this? Use my referral link:
app.dem.exchange/?referrer=JlwZ…

Thank you!