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Sir.John.LSP

@thebu11runner

Apr 20 • 4 tweets • 2 min read Twitter logo

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The new #Lumenswap milestone set for Q4 2023 explained in a short 🧵 ...

👷🏻‍♂️Build a Collateralised Debt Position lending system also known as CDP.

1. What is a CDP

2. What are the benefits.

3. What this could mean for the LSP token if integrated. #DeFi #XLM

🧵 👇🏻

2/ CDP lending systems have been around the crypto space for a very long time.

They allow you to 'put up' a chosen asset as collateral, whilst minting you a stablecoin in return

When you pay back your loan, you can get your collateral back. 🧵👇🏻

3/ Used carefully the positives of using a CDP system can be:

• Receive liquidity on your asset without having to pay capital gains
• Nobody checking your credit score
• Use the loan to 'long' the price of the asset used as collateral
• Creates utility for c/zed asset.🧵👇🏻

4/ If we see LSP integrated into this protocol, holders can deposit their LSP as collateral

We could then see a large spike in governance proposals from other projects wanting to list their token as a collateral option

Hope you enjoyed this short thread. Thank you for reading.

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Sir.John.LSP

@thebu11runner

Jul 13, 2022

Quick Stellar Thread🧵 👇

⭐️ Lumenswap rewards

There are 4 types of Lumenswap rewards; they can be obtained in different ways.

• Holders Reward
• LP Reward
• Bridge's LP rewards
• Auction Airdrop

🧵 1/5 $XLM

Holders Reward can be earned in two ways.

1. Hold over 10,000 LSP in a native Stellar wallet.

2. Provide over 10,000 LSP in a $XLM-LSP or USDC-LSP liquidity pool.

👀 out. Impermanent loss could leave you with less than 10,000 LSP ( so add extra)

🧵 2/5

LP Reward

Earn this by holding over 1,000 LSP in either the $XLM-LSP or USDC liquidity pool.

Watch out for impermanent loss again; a rebalancing of your liquidity could leave you with less than 1,000 LSP.

Tip: Put in more than enough to cover any impermanent loss.

🧵 3/5

Read 6 tweets

Sir.John.LSP

@thebu11runner

Mar 21, 2022

Here's a quick thread🧵 👇 on Lumenswap rewards

There are 3 types of #Lumenswap rewards; they can be obtained in different ways.

• Holders Reward
• LP Reward
• Auction Airdrop

🧵1/4 $XLM

Holders Reward can be earned in two ways.

1. Hold over 10,000 LSP in your native wallet.

2. Provide over 10,000 LSP in the XLM-LSP or USDC-LSP pools. Watch out for impermanent loss, a rebalancing of your liquidity could leave you with less than 10,000 LSP. 🧵 2/4

An LP Reward can be earned if you hold over 1,000 LSP in XLM-LSP or USDC pools. Watch out for impermanent loss again; a rebalancing of your liquidity could leave you with less than 1,000 LSP.

Tip: Put in more than enough to cover any impermanent loss.
🧵 3/4

Read 5 tweets

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