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Hoist the sails and listen up, me hearties!
Have ye ever dreamed of finding a treasure map that leads to untold riches?
Look no further, for I have found the map to financial success and it goes by the name of @LodestarFinance!
#ThreadContest #DeFi
A SAILING THREAD🧵
Have ye ever dreamed of finding a treasure map that leads to untold riches?
Look no further, for I have found the map to financial success and it goes by the name of @LodestarFinance!
#ThreadContest #DeFi
A SAILING THREAD🧵
Avast ye, me hearties! Come aboard my ship and I'll be guiding you through a treasure map that leads to untold riches.
But before we set sail, let me give you a glimpse of the map that we'll be exploring in this thread.
⚓️What is Lodestar Finance?
⚓️Mission of @LodestarFinance
But before we set sail, let me give you a glimpse of the map that we'll be exploring in this thread.
⚓️What is Lodestar Finance?
⚓️Mission of @LodestarFinance
⚓️Features of Lodestar Finance
⚓️How to use Lodestar Finance
⚓️What is $plvGLP?
⚓️Why $plvGLP is Prime Collateral
⚓️ $plvGLP Use-Case in Lodestar Finance
⚓️ $LODE tokenomics
⚓️Roadmap
⚓️Security
⚓️Socials
Ahoy there, my hearties! Raise the sails and let's embark on an adventure!
⚓️How to use Lodestar Finance
⚓️What is $plvGLP?
⚓️Why $plvGLP is Prime Collateral
⚓️ $plvGLP Use-Case in Lodestar Finance
⚓️ $LODE tokenomics
⚓️Roadmap
⚓️Security
⚓️Socials
Ahoy there, my hearties! Raise the sails and let's embark on an adventure!
⚓️What is Lodestar Finance?
Lodestar Finance is an algorithmic money market protocol that allows you to borrow and lend your assets without having to trust any scallywags.
it is a rare gem that offers new value for token holders, DAOs, and users in other Arbitrum communities.
Lodestar Finance is an algorithmic money market protocol that allows you to borrow and lend your assets without having to trust any scallywags.
it is a rare gem that offers new value for token holders, DAOs, and users in other Arbitrum communities.
With Lodestar Finance, you can earn income on your tokens, especially those that are native to Arbitrum and have no other haven to call home.
The crew of the mighty ship, "The Lodestar," have been using this protocol to their advantage, earning riches beyond their wildest dreams
The crew of the mighty ship, "The Lodestar," have been using this protocol to their advantage, earning riches beyond their wildest dreams
They no longer have to worry about the treachery of other pirates, as the protocol ensures trustless transactions.
Word of Lodestar Finance has spread across the seven seas, and many have joined in the hunt for treasure. With the Lodestar protocol as their guide,
Word of Lodestar Finance has spread across the seven seas, and many have joined in the hunt for treasure. With the Lodestar protocol as their guide,
they sail confidently, knowing that their assets are safe and secure.
So if ye be seeking riches and treasure beyond your wildest dreams, join the crew of "The Lodestar" and set sail with Lodestar Finance! Arrrr!
So if ye be seeking riches and treasure beyond your wildest dreams, join the crew of "The Lodestar" and set sail with Lodestar Finance! Arrrr!
⚓️Mission of @LodestarFinance
Let me spin ye a tale of adventure and valor.
The mission of Lodestar Finance is like that of a pirate crew in search of treasure.
Their goal is to bring decentralized lending services to the blossoming Arbitrum communities
Let me spin ye a tale of adventure and valor.
The mission of Lodestar Finance is like that of a pirate crew in search of treasure.
Their goal is to bring decentralized lending services to the blossoming Arbitrum communities
like Treasure, Dopex, and Plutus, in order to create new value for token holders and DAOs.
This is like a pirate crew searching for buried treasure, unlocking the riches that lay hidden beneath the sand.
This is like a pirate crew searching for buried treasure, unlocking the riches that lay hidden beneath the sand.
The founders of Lodestar Finance had a burning desire to unlock the liquidity of their own staked Arbitrum assets, much like a pirate crew yearns to unlock the secrets of a treasure map.
They scoured the Arbitrum ecosystem looking for services that would meet their needs,
They scoured the Arbitrum ecosystem looking for services that would meet their needs,
but they found none. So, like any good pirate crew, they decided to take matters into their own hands and build the protocol themselves.
Lodestar Finance's mission is clear, me hearties.
They aim to create a decentralized lending platform that fills the needs of the ~
Lodestar Finance's mission is clear, me hearties.
They aim to create a decentralized lending platform that fills the needs of the ~
~ blossoming Arbitrum communities, unlocking the riches that lay hidden within their staked assets.
So, join the crew of "The Lodestar" and set sail toward a brighter financial future, full of adventure and riches beyond your wildest dreams!
So, join the crew of "The Lodestar" and set sail toward a brighter financial future, full of adventure and riches beyond your wildest dreams!
⚓️Features of Lodestar Finance
Let me tell you about the key features of Lodestar Finance, the treasure map to untold riches.
🔸The first feature is the ability to earn interest on Arbitrum assets like $MAGIC, $DPX, and $plvGLP by supplying them to the protocol,
Let me tell you about the key features of Lodestar Finance, the treasure map to untold riches.
🔸The first feature is the ability to earn interest on Arbitrum assets like $MAGIC, $DPX, and $plvGLP by supplying them to the protocol,
just like a pirate crew can earn treasure by trading in valuable goods.
🔸You can also collateralize your deposit, which gives you the ability to borrow crypto assets, much like how pirates put up collateral in order to obtain a loan from their captain.
🔸You can also collateralize your deposit, which gives you the ability to borrow crypto assets, much like how pirates put up collateral in order to obtain a loan from their captain.
🔸One of the best features of Lodestar Finance is that you can access liquidity without creating a taxable event, making it easier to obtain the riches you seek.
This is like a pirate crew discovering unclaimed treasure, making it easy to take without being taxed.
This is like a pirate crew discovering unclaimed treasure, making it easy to take without being taxed.
🔸You can also employ leveraged trading strategies (long and short positions) by utilizing the borrowing functionalities of the protocol, just like how pirates take advantage of wind and currents to speed up their ship or change direction quickly.
🔸And with Lodestar Finance, you can unlock the liquidity of yield-bearing assets such as $plvGLP without sacrificing the underlying yield, like how pirates find treasure without having to give up the loot they already have.
So, my hearties, if you are seeking to unlock the riches of the Arbitrum seas, look no further than @LodestarFinance
With features like these, you can be sure that the treasure you seek will be well within your reach!
With features like these, you can be sure that the treasure you seek will be well within your reach!
⚓️How to use Lodestar Finance
Ahoy there, you young swashbuckler!
Let me tell ye how you can make use of Lodestar Finance in a way you can understand.
🔸Long Position
Suppose you believe that the price of a particular asset, say a shiny doubloon,
Ahoy there, you young swashbuckler!
Let me tell ye how you can make use of Lodestar Finance in a way you can understand.
🔸Long Position
Suppose you believe that the price of a particular asset, say a shiny doubloon,
will increase in value compared to $USDC.
With Lodestar Finance, you can deposit your doubloon as collateral and borrow some $USDC.
Then you can use that $USDC to buy more of that doubloon.
When the price of the doubloon goes up and you sell it,
With Lodestar Finance, you can deposit your doubloon as collateral and borrow some $USDC.
Then you can use that $USDC to buy more of that doubloon.
When the price of the doubloon goes up and you sell it,
you can use that money to pay back the $USDC loan and have some extra profit left over.
🔸Short Position
Now let's say you think Bitcoin will decrease in value compared to Ether.
With Lodestar Finance, you can deposit your Ether as collateral and borrow some $wBTC.
🔸Short Position
Now let's say you think Bitcoin will decrease in value compared to Ether.
With Lodestar Finance, you can deposit your Ether as collateral and borrow some $wBTC.
Then you can sell that $wBTC for more Ether.
When the price of Bitcoin goes down, you can buy back the $wBTC at a lower price, pay back the loan and keep the extra Ether as profit.
🔸Looping
You can also use Lodestar Finance to increase your potential profits by doing ~
When the price of Bitcoin goes down, you can buy back the $wBTC at a lower price, pay back the loan and keep the extra Ether as profit.
🔸Looping
You can also use Lodestar Finance to increase your potential profits by doing ~
~ something called "looping".
This means converting the borrowed asset back into the original asset and repeating the process, which gives you even more chances to profit.
But you must keep in mind that this also means you are taking on more risk,
This means converting the borrowed asset back into the original asset and repeating the process, which gives you even more chances to profit.
But you must keep in mind that this also means you are taking on more risk,
as you could lose more if you get liquidated.
Keep a weather eye out for the risks, matey!
I'll tell ye more about "looping" after I explain what $plvGLP is.
Keep a weather eye out for the risks, matey!
I'll tell ye more about "looping" after I explain what $plvGLP is.
So you see, with Lodestar Finance, you can execute both long and short positions, like a true pirate, and potentially earn some booty along the way!
⚓️What is $plvGLP?
Ahoy, me hearties!
Gather 'round and I'll tell you a tale of a special treasure called $plvGLP in Lodestar Finance.
It is a treasure unlike any other, found only by those who are brave enough to venture into the Plutus Vault.
Ahoy, me hearties!
Gather 'round and I'll tell you a tale of a special treasure called $plvGLP in Lodestar Finance.
It is a treasure unlike any other, found only by those who are brave enough to venture into the Plutus Vault.
Now, the Plutus Vault be a treacherous place, full of danger at every turn.
But those who are daring enough to deposit their $GLP into the Vault are rewarded with the elusive $plvGLP.
And what makes this treasure so special, you ask?
But those who are daring enough to deposit their $GLP into the Vault are rewarded with the elusive $plvGLP.
And what makes this treasure so special, you ask?
Well, let me tell ye, $plvGLP has the power to grow and multiply without any effort from its holder.
That's right, mateys!
The $ETH rewards earned from $GMX are automatically exchanged into more $GLP, which in turn increases the total assets held by the Plutus Vault.
That's right, mateys!
The $ETH rewards earned from $GMX are automatically exchanged into more $GLP, which in turn increases the total assets held by the Plutus Vault.
And those who hold $plvGLP get to reap the benefits of this growth without lifting a finger!
As time goes on, the exchange rate for $GLP/ $plvGLP increases, making this treasure even more valuable than before.
As time goes on, the exchange rate for $GLP/ $plvGLP increases, making this treasure even more valuable than before.
But be warned, matey!
When you decide to convert your $plvGLP back to $GLP, you will have to pay a 2% fee, with 75% of the fee going to Plutus and the remaining 25% going back into the vault.
It's like paying a toll fee to enter a pirate's cove filled with treasure.
When you decide to convert your $plvGLP back to $GLP, you will have to pay a 2% fee, with 75% of the fee going to Plutus and the remaining 25% going back into the vault.
It's like paying a toll fee to enter a pirate's cove filled with treasure.
So, if you want to get in on the action and grow your treasure over time, consider depositing your $GLP into the Plutus Vault and acquiring some $plvGLP.
It's like joining a pirate crew that's always finding new treasures to add to their stash.
It's like joining a pirate crew that's always finding new treasures to add to their stash.
But beware, for the Plutus Vault be a treacherous place, and only the bravest pirates can hope to lay their hands on this special treasure.
⚓️Why $plvGLP is Prime Collateral
Let me tell ye why $plvGLP be prime collateral for any pirate seeking to make a fortune.
⚓️Why $plvGLP is Prime Collateral
Let me tell ye why $plvGLP be prime collateral for any pirate seeking to make a fortune.
Picture this: you are a pirate with a ship full of plundered treasure, but you want to leverage your position to earn even more gold.
You know that the exchange rate between $plvGLP and $GLP be perpetually increasing,
You know that the exchange rate between $plvGLP and $GLP be perpetually increasing,
meaning you can benefit from a yield greater than 25% APR just by holding $plvGLP.
But that's not all, with plvGLP as collateral in Lodestar, you can borrow stablecoins like $USDC and purchase more $plvGLP to increase your position and potential returns even further.
But that's not all, with plvGLP as collateral in Lodestar, you can borrow stablecoins like $USDC and purchase more $plvGLP to increase your position and potential returns even further.
But beware, this strategy comes with its risks.
Any pirate worth their salt knows that no position is completely safe from liquidation, but with the underlying assets of GLP being comprised of 50% stablecoins, the risk of liquidation is relatively low.
Any pirate worth their salt knows that no position is completely safe from liquidation, but with the underlying assets of GLP being comprised of 50% stablecoins, the risk of liquidation is relatively low.
However, extreme downward price action in Bitcoin, Ethereum, LINK, and UNI can still pose a risk.
But you know what they say, "no risk, no reward".
And with widespread employment of this strategy, the demand for stablecoins will increase,
But you know what they say, "no risk, no reward".
And with widespread employment of this strategy, the demand for stablecoins will increase,
leading to increased supply rates for $USDC suppliers on Lodestar.
So, hoist the Jolly Roger and set sail with $plvGLP as your prime collateral, for the potential rewards is worth the risk for any pirate seeking to strike it rich in the high seas of Lodestar Finance.
So, hoist the Jolly Roger and set sail with $plvGLP as your prime collateral, for the potential rewards is worth the risk for any pirate seeking to strike it rich in the high seas of Lodestar Finance.
⚓️ $plvGLP Use-Case in Lodestar Finance
Let me illustrate the use-cases of $plvGLP through a story about BlackJack and his clever utilization of three strategies: Delta Neutral, Looping, and Borrowing
Enjoy as you read.
Once upon a time,
Let me illustrate the use-cases of $plvGLP through a story about BlackJack and his clever utilization of three strategies: Delta Neutral, Looping, and Borrowing
Enjoy as you read.
Once upon a time,
there was a fearless pirate named BlackJack, who sailed the seas in search of treasure.
He had heard about a new kind of asset called $plvGLP that could be used as collateral in a lending platform called Lodestar Finance.
He had heard about a new kind of asset called $plvGLP that could be used as collateral in a lending platform called Lodestar Finance.
BlackJack was intrigued by the idea of delta-neutral strategy, which allowed him to maintain a zero delta, meaning he had no exposure to the price movements of the underlying assets.
He thought this would be a great way to secure his wealth while he was out at sea.
He thought this would be a great way to secure his wealth while he was out at sea.
So, he decided to deposit some of his $plvGLP as collateral and borrowed $USDC stablecoins.
He then used the $USDC to purchase other assets, like $ETH and $BTC, that were negatively correlated with GLP.
He then used the $USDC to purchase other assets, like $ETH and $BTC, that were negatively correlated with GLP.
He knew that this way, even if the price of $GLP went down, his portfolio would remain stable, and he could still earn interest on his $plvGLP.
BlackJack was a smart pirate, and he also knew about "looping" to increase his yield from $plvGLP
BlackJack was a smart pirate, and he also knew about "looping" to increase his yield from $plvGLP
He converted the borrowed asset back into the original asset, repeating the process to create a loop.
While this strategy carried additional risk, he knew that the potential upside was greater, and he could earn more from the yield-bearing derivative.
While this strategy carried additional risk, he knew that the potential upside was greater, and he could earn more from the yield-bearing derivative.
He continued to sail the seas, using $plvGLP as collateral to borrow stablecoins and purchase other assets.
With each loop, he increased his exposure to these positions and earned more yield. He practiced good risk management and never borrowed more than he was comfortable with
With each loop, he increased his exposure to these positions and earned more yield. He practiced good risk management and never borrowed more than he was comfortable with
As BlackJack's reputation grew, other pirates began to take notice of his success with $plvGLP.
They too wanted to use this asset to secure their wealth and increase their yield.
Soon, $plvGLP became a popular asset among pirates and was used widely in @LodestarFinance
They too wanted to use this asset to secure their wealth and increase their yield.
Soon, $plvGLP became a popular asset among pirates and was used widely in @LodestarFinance
And so, BlackJack the pirate sailed on, his wealth secure and his pockets full of treasure, all thanks to $plvGLP and the delta-neutral strategy.
Be like BlackJack.
Be like BlackJack.
⚓️ $LODE Tokenomics
The total supply of 20 million LODE is distributed as such:
60% to Emissions
18% to Team
9% to Investors
5% to Treasury
3% to Employees
2% to Community Fund
2% to protocol Owned Liquidity Seeding
1% to Special Arbitrum Odyssey Event
The total supply of 20 million LODE is distributed as such:
60% to Emissions
18% to Team
9% to Investors
5% to Treasury
3% to Employees
2% to Community Fund
2% to protocol Owned Liquidity Seeding
1% to Special Arbitrum Odyssey Event
⚓️Security
Lodestar Finance ensures security through bug bounties, open-source code, and audits.
They have undergone a centralized audit conducted by Solidity Finance, and their audit report can be found at solidity.finance/audits/Lodesta….
⚓️Roadmap
@LodestarFinance Current roadmap
Lodestar Finance ensures security through bug bounties, open-source code, and audits.
They have undergone a centralized audit conducted by Solidity Finance, and their audit report can be found at solidity.finance/audits/Lodesta….
⚓️Roadmap
@LodestarFinance Current roadmap
⚓️Socials
Website: lodestarfinance.io
Discord: discord.com/invite/UJDVFxK…
Docs: docs.lodestarfinance.io
Telegram: t.me/lodestarfinanc…
Twitter: @LodestarFinance
Website: lodestarfinance.io
Discord: discord.com/invite/UJDVFxK…
Docs: docs.lodestarfinance.io
Telegram: t.me/lodestarfinanc…
Twitter: @LodestarFinance
Greetings, fellow sailors!
Our journey has been successful as we've reached the end of the treasure where abundant riches await.
However, before you disembark, there is one last treasure yet to be uncovered, and it is exclusively hidden here.
Our journey has been successful as we've reached the end of the treasure where abundant riches await.
However, before you disembark, there is one last treasure yet to be uncovered, and it is exclusively hidden here.
https://twitter.com/LodestarFinance/status/1643211007534460929?t=sF0TNRbSgaq5jPD9eNVuMQ&s=19
~Do well to follow @LodestarFinance for more sailing adventures and more riches.
~Follow me @_RichardMba for more awesome sailing thread like this!
~Follow me @_RichardMba for more awesome sailing thread like this!
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