In this thread
1οΈβ£ What is TriCrypto
2οΈβ£ Why is TriCrypto something i can recommend frens
3οΈβ£ When should u enter
4οΈβ£ Tutorial
1οΈβ£ What is TriCrypto
It is a Curve's v2 liquidity pool with
- stablecoin ( which stables depends on chain)
- BTC
- ETH
with 33% of each asset each.
Its yield is from trading fees & incentivized emission yield from curve
2οΈβ£ Why is TriCrypto something i can recommend frens
The TriCrypto pool targets to keep 33% of each asset in most time.
Meaning, each 10 usd of tricrypto u hold u are technically holding 3.3 btc, 3.3 eth and 3.3 usd.
If btc & eth goes down in price, because the pool targets to keep at 33% essentially u will be buying the dip.
u will have more number of tokens in btc & eth
If btc & eth goes up in price, tricrypto will essenitally sell some of the eth btc to keep the 33% balance
Why is it good?
π₯ Battle tested smart contract
π₯ 66% exposure in btc & eth with auto rebalancing + yield is something you can comfortablely depoly large amount of capital
π₯ if someone wants stress free exposure to crypto with some yield, this is what i recommend
3οΈβ£ When should u enter
Because it still has 66% delta exposure in btc n eth. ideally u want to enter when u think
πΉ the market is near bottom for a rebound
πΉ market will be sideways for a while
If u are a god tier trader n can time the market
πΉ enter near low
πΉ sideways a bit so u have time to accumulate yield
πΉ as the market picks up u unwind the position into BTC & ETH only so it doesn't sell ur upside
4οΈβ£ Tutorial
Go to @CurveFinance & to their site
depending on which chain u want to join
(will be using arbitrum for tutorial purpose)
Enter the pool with ur prefered asset.
Do take note on slippage Loss or bonus
when they pool is imbalance, u will get more or less LP token
Also if u are supply BTC ETH, u are essentially selling 33% into stable
and if u are buying with stable u are essentially buy 66% btc,eth
Go to @ConvexFinance for the boosted yield
Select the right chain
deposit ur LP
Claim ur yield time to time
@CurveFinance is old but gold, the typically kol will just shill u the newest thing, i shill things that work.
Face it, market is going stale if people are still talking u into idos either the project is really good or they are not ur friend.
Sometimes boring is what works
Thanks for reading!
Check out my other social where i post earlier n more stuff
π₯ SolvBTC.b/BTCB for 17% apr on top of @Coredao_Org 's Core ignition program? ( tldr addition airdrop )
A 𧡠on farming earn extra yield from Core π
featuring @COREx_Official @colend_xyz
I have been exploring different OG BTC L2 in search for a team that is
πΉ Not just quickly raise for a quick raise
πΉ Continue to build and been growing
@Coredao_Org showed 3x growth in TVL, UAW and volume hence im digging deeper to find opportunities there
πQuick Overview
This protocol needs no introduction, u been living under a rock if u need one lol
TVL rank steadily climbed to top 5, token price did multiples and despite being open source, there is no clear competing forks
πV3 Growth Catalyst
Cofounder @tn_pendle noted on "The Edge" podcast the V2 AMM's bottleneck in handling larger size trades, which can cause material slippage
While this is a key limitation, it hasn't stopped power users like Justin S to deploy millions on Pendle
Bro buy this coin
Market maker will pump this to the moon!
heard this before?
a 𧡠on how to MM works n understand these pump π
First, lets demystify & understand the types of market makers
There are 2 types of Market makers ( MM )
πΉ MM service provider
πΉ MM as Proprietary capital
and Bagdanoff that just target and hurts wojak ( joke )
This thread will mainly foucs on MM service provider
πΉ MM service provider
Mainly focus on advising projects on how to provide liquidity to enhance the token's attractiveness for the projects
They also generating $ by selling tokens for the project
Is Runes the new wife-changing money tool or just memes?
Understand everything about Runes here π§΅
> difference between BRC & RUNE
> What is Runes and opportunity
> Tools to trade Runes
> Catalyst to trade Runes
πWhy should you care?
BRC and ordinal made made a lot of people life-changing money.
Even I made 24k+ from 1k randomly by casually buying a btc puppet as experiment
and the creator of ordinal launched Rune protocol yesterday.
u can understand it as "better' verison of ordinal
πWhy do u need to pay attention to Runes?
because everyone that made money from BRC20 or missed BRC20 will ape rush into Runes.
>New market,
>people have made money in similar sector,
>on point with the BTC narrative
.@modenetwork is coming in 2-3 weeks
i picked 4 strategies to make some real yield + points
in this thread π§΅
π Valuation of airdrop ( points to token )
π 4 Ways to earn real 10-40% apr + points
π Step by step guide
π What is Mode network & how much are the airdrop worth?
Mode is a ETH L2 focusing on hyper growth such as rewarding developers by allowing dev to share fees that run through their contracts.
But u are here to figure out how much u can farm π€ͺ so...
Mode airdrop is giving out 5.5% of their total supply to total points
550,000,000 $MODE
What i like about them is they are clear about how much points are circulating, not projects trying to farm us.
AI is early & speculative
The "Team" is the key factor in picking a winner
@ankr a proven high quality blockchain infra builder is launching a DePIN & AI chain @Neura_io
*and they are not launching any new bullshxt token but adding value to their current $ankr
It's no secret most crypto AI tokens are vapourware + quick narrative but @ankr is different
They are a proven infr expert that have been around since 2019 and they are not launching any new token, new fundraise for their new AI Depin Chain but routing all value to $ANKR
πTLDR
Neura is @ankr 's new product
It is a EVM compactible chain specialised in AI & cloud computing.
It provides decentalised GPU, storage and introducing IMOs ( initial Model Offerings ) for builders
The chain is built on Cosmos SDK ( IBC compatible )