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The Defi Bum Profile picture
The Defi Bum
@The_Defi_Bum
Faith. Family. Defi. I teach defi strategy, share alpha, and if necessary walk you through the process. Educational content coming soon
May 5, 2022 • 24 tweets • 7 min read
Today $USDD went live and will soon offer a “risk-free” interest rate of 30% APY

Yet there’s one valid concern that’s tripping people up: Justin Sun

So, who is Justin Sun and why is his involvement such a dealbreaker for so many?

(TLDR starts on thread 17)

[THREAD] Image 1/ the plan is for $USDD to be collateralized by $TRX and maintain its peg algorithmically through a mint/burn function closely resembling the relationship between $LUNA and $UST

JustLend will offer the 30% apy starting May 12 and @trondao is raising $10bil for a yield reserve
Mar 18, 2022 • 16 tweets • 8 min read
Halfway excited and halfway worried about this upcoming strategy

Read on to learn about how you will soon be able to get >100% APY on stablecoins on the @avalancheavax network with a few easy clicks and why this is both awesome and potentially concerning

THREAD 2/ you may be familiar with the @MIM_Spell degenbox strategy that can net you as much as 130% APY on the $UST stablecoin depending on your risk tolerance

To utilize this strategy all you have to do is go to Abracadabra.money and deposit your $UST under the Borrow tab… Image
Mar 12, 2022 • 21 tweets • 9 min read
For those nervously watching $STRONG price dip below $150 there is hope 🙏

I gave the Strongchain light paper another read last night and thought I’d share my thoughts on why I am bullish on the future of @Strongblock_io

#STRONGCHAIN #strongblock #NodeArmy #NodeLife

[THREAD] 2/ As node investors we tend to fixate on rewards rates in the short term without seeing the long term potential of the project’s vision

We want our ROI in 100 days or less and we’re all in a race against each other to get it first

But that’s not “investing”

That’s a cash grab