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Cyril - DeFi Profile picture
@cyrilXBT
Apr 24 • 16 tweets • 4 min read Twitter logo Read on Twitter
In the crypto markets, numerous yield farming platforms exist that offer passive returns.

However, not all of these platforms are reliable and excellent.

But, I have come across a platform that provides sustainable and authentic returns on your assets.

A 🧵 Rt for others Image
2/ What we'll discuss in this thread:-

- Overview
- Magpie Ecosystem
- Wombat Exchange
- How Magpie Works
- MGP Token
- Why Should You Choose Magpie?
- Airdrop strategy
3/ Magpie Ecosystem:

Offers high yields through:

- mWOM Staking
- Stablecoin pools
- Vote-Locked MGP
Magpie for Stablecoin Depositors

Stablecoin depositors can benefit from Wombat Exchange's yield without staking WOM.

• Deposit stablecoins
• Gain boosted yields from Magpie's veWOM balance
• Receive WOM and MGP rewards
Magpie for WOM holders

Magpie converts your WOM into productive assets by converting it to mWOM, which can then be staked to earn a portion of the platform's earnings.

• Convert your WOM into mWOM
• Stake mWOM to earn passive income.
• Earn WOM and MGP rewards.
4/ To understand Magpie, first, know about Wombat Exchange:

• it is Incubated by Binance Labs
• Scalable, low-slippage, single-sided staking stable swap
• Allows liquidity providers to earn passive income without risk of impermanent loss
Wombat Exchange has introduced a new governance token called WOM, which can be locked by WOM holders on Wombat as veWOM.

This provides them with governance rights and boosted yield benefits as liquidity providers.

Happy trading!
5/ How@magpiexyz_io Works

Magpie boosts yields for BNB Chain & arbitrum users without locking WOM.

WOM holders can convert to mWOM for high APR and staking rewards.
Magpie locks WOM on Wombat Exchange for 4 years for highest yields and governance benefits.

Benefits:

∙ Liquidity providers earn boosted yields without locking WOM
∙ Users that convert WOM to mWOM share a high percentage of revenue
Magpie brings capital efficiency and diverse user base to Wombat Exchange. MGP Token.
6/
 Use of MGP: users can lock MGP as vlMGP to get revenue share and governance power in both Wombat and Magpie.

vlMGP holders can participate in the Wombat Exchange voting gauge cost-effectively to control more voting power than veWOM holders with the same investment
By controlling more voting power, vlMGP holders can earn more bribes with their votes. Wombat voters can acquire voting power more efficiently through vlMGP.
7/ Why choose Magpie?

1. Flexible boosted yields for stablecoin depositors on Wombat
2. Diversified earnings for WOM holders through mWOM and staking
3. Cost-effective voting power for participation in Wombat's governance
8/ How to get passive income:

You can now connect to #Arbitrum network and have a chance to win $5000 USD giveaway by #Minting with Magpie.

Visit galxe.com/magpiexyz/camp… to enter!
9/
Full disclosure: this thread is sponsored by magpie. Remember to dyor and build up your own convictions before you invest.
If you made it this far. Thank you for your time 🫡

Follow me @cyrilXBT and @magpiexyz_io for more threads like this.

Drop a Retweet/like or reply If you can:

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More from @cyrilXBT

Cyril - DeFi Profile picture
Apr 26
I spent the last 24 hours researching on @VenomFoundation they have recently launched $1 billion venture funds to invest in Web 3.

A potential #airdrop is on the way and you can claim $1,000 + with only a few mins interacting with the protocol

Here's how: 🧵 👇 Image
@VenomFoundation 2/ What's @VenomFoundation?

✅A global economy where governments, businesses and consumers operate with vastly expanded transactional capabilities.

Now launching $1B fund for Web3 and blockchain! Their testnet went live yesterday with an announcement:
3/ Venom's non-custodial wallet lets you safely store, send, and receive tokens!🚀

Add it to your Chrome Extension here 🔗 bit.ly/41egd7C

Don't forget to create your wallet and save the backup key

In this thread I'll teach you to position yourself for an airdrop👇
Read 10 tweets
Cyril - DeFi Profile picture
Apr 25
Accountability is one of the key ingredients for success in life.

When you hold yourself accountable, you take ownership of your actions, decisions, and outcomes.

A few lessons worth sharing with the #crypto bros: Image
This means that you are willing to accept responsibility for the consequences of your choices, whether they are positive or negative.

In this thread, I will explain why holding yourself accountable can make you successful in life

Let's dive in 👇
1/ You take control of your life

When you hold yourself accountable, you take control of your life.

You recognize that you are the one who is responsible for your success or failure, and you take action accordingly.
Read 16 tweets
Cyril - DeFi Profile picture
Apr 25
zkSync is now the trending blockchain at the moment showing no signs of slowing down

Solunea Dex is the first 100% community-owned DEX on #zkSync.

Here's why you should pay attention to what they are building 🧵 Image
What I will be covering in this thread:

• Solunea Dex
• Unique Features of Solunea DEX
• Why build on zkSync
• Commitment to Decentralization
• Emission System and Attractive Incentives
• Liquidity Provision
• Swap Curves and Fees
• KYC Verification
Solunea Dex is a DEX built on zkSync.

It is the first 100% real yield and community-owned ve(3,3) DEX on the zkSync Era, utilizing Andre Cronje's Ve(3,3) tokenomics design.
Read 23 tweets
Cyril - DeFi Profile picture
Apr 24
I spent my weekend researching solid airdrop opportunities so you don't miss out on free money.

In the past #airdrop hunters made $1000-$5000 with $OP $ARB etc

Here’s a mega 🧵 on upcoming airdrops you should keep an eye on: Image
Lens protocol airdrop + full guide:
Layerzero:
Read 9 tweets
Cyril - DeFi Profile picture
Apr 23
Being successful in crypto = finding narratives + an aggressive profit-taking strategy.

Keep it simple- I'll cover upcoming narratives, catalysts and altcoins to keep an eye on in 2023 👀

If you find any value Like/RT for others 🧵👇 Image
1/ $ETH - Shangai upgrade

I don't need to speak about $ETH too much cause we all know how important ETH is.

This is a key player in my portfolio for a good balance.
2/ $LDO - #LSD narrative

lido is providing liquid staking for $ETH. I believe the #LSD narrative will continue to grow throughout 2023 and beyond

Picking $LDO because it's a solid player.
Read 16 tweets
Cyril - DeFi Profile picture
Apr 21
By leveraging on-chain data, you can discover potential opportunities quicker than others.

Here are some techniques for utilizing on-chain data to identify profitable #altcoins.

This thread helps you save both time and money👇🧠 Image
1/

On-chain data refers to the data that is publicly available on a blockchain.

It includes information such as transaction volume, wallet addresses, and network activity.
2/ By analyzing on-chain data, you can gain insights into the behavior of investors and identify 100x opportunities.

Learn more about how you can analyze data yourself with @TheDeFinvestor guide:
Read 13 tweets

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