Why (and how) you should start farming @ResolvLabs S2.
🧵
II. "Wait, but what's @ResolvLabs?"
@ResolvLabs is about building a stablecoin that doesn't rely on fiat or overcollateralized loans.
Its stablecoin, $USR, is backed by $ETH, and to ensure it's properly backed, @ResolvLabs hedges its price with short perpetual futures, minimizing fluctuations.
III. "Aren't they just copying @ethena_labs?"
Unlike @ethena_labs, they divide risk into 2 tranches:
- $stUSR: a low-risk, yield-bearing stablecoin
- $RLP: a moderate-risk, higher-yield position that supports protocol performance
V. "Everything's great from the fundamentals side. So, what about airdrop S2?"
- Runs from May 9 to September 9
- 5.75% of total supply allocated for Season 2 (plus unclaimed 7.75M $RESOLV from S1 will be rolled over to S2).
VI. FYI, there have been some changes in points:
- Hold USR: from 30 points to 20 points.
- Hold RLP: from 10 points to 20 points.
"Okie, so how do you position yourself?"
VII. I believe purchasing YT at @pendle_fi is by far the best choice because:
- YT-RLP: 30 points per YT, plus yield
- YT-stUSR: 15 points per YT, plus yield
Here are the calculations by @0xFrosch:
VIII. Note: Dates are outdated but yields haven't changed much.
There are lots of other venues you can use which will earn you yields. E.g. you can still use @pendle_fi to buy PT-USR, deposit it as collateral on @MorphoLabs and repeat another gazillion times for the boosted yields.
"A.k.a. PT looping strategy?"
IX. Exactly, and with @Infinit_Labs, you can get the same result in a few minutes, instead of spending >20 minutes.
Just prompt what you want and click. That's it.
What do you, bois, think of this?
@splinter0n @0xDefiLeo @the_smart_ape @0xCheeezzyyyy @DOLAK1NG @YashasEdu @0xAndrewMoh @eli5_defi @_SmokinTed @RubiksWeb3hub @kenodnb @lstmaximalist
I hope you've found this thread helpful.
Follow me @belizardd for more.
Like/Repost the quote below if you can:
19.63K
66
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.