What's good Herd? Time for a weekly recap! š§µš
1/ Announced a $3m grant from Avalanche Rush ā AVAX incentives coming very soon on all Stake DAO strats on Avalanche!
ā Expiry was $76 below strike price
š Performance from option-selling: +0.62% (32.24% APY)
š„ Total APY including working collateral: 33.97% APY
Oct 8, 2021 ⢠7 tweets ⢠2 min read
NFTs aren't just new forms of art, gaming, or assets ā they are a new form of ownership. Stake DAO NFTs give our users their own unique, yield-bearing stake in the platform.
A š§µ on how Stake DAO NFTs unlock the full potential of Stake DAO. š
1/ A Piece of Art
Two highly skilled artists wove together an entire universe in the creation of the NFTs ā each NFT has its own back story, linked to its utility. Explore them hereš
Avalanche, arbitrage, and NFTs. We're getting a lot of enthusiam + questions around our new Avalanche Arbitrage Strategy!
Wana know why our new uber-yield strategy might be our biggest yet? š§µš 1/ @StakeCapital has shared their proprietary arb strat with Stake DAO, making Avalanche Arbitrage Strategy the first openly accessible DeFi vault š„š„
FYI: Arb is the practice of buying and selling assets across different venues to make yield!
Sep 27, 2021 ⢠6 tweets ⢠3 min read
Wowza! Herd you had had a ton of enthusiasm last week, let's recap with a thread š
1/ After the success of the ETH Covered Call Strategy, you know we had to double down with a Bitcoin one!
Last week we launched the BTC Covered Call Strategy, currently yielding 32% APR ššš
Covered Calls work to limit downside risk and add to upside, which is why our options strategies are earning users 30-40% APR on BTC & ETH right nowš„
What are covered calls, how do they help our options strategies lock in above-market yields?š§µš
1/ A covered call is a strategy where an asset is held, and a call option is sold to market makers for the same amount as the underlying asset. This is exactly what happens on Stake DAO with the @opyn_ decentralized options protocol!
Sep 13, 2021 ⢠5 tweets ⢠2 min read
What's good Herd? Time for a weekly recap! š§µš
1/ We auctioned off a bunch of Pythia on Open Sea, these little beauties + Tempest are your only way to reel in Weekly Bonus Rewards!