Metronome Smart Farming Wrap-up
It's been a great ride covering Smart Farming for the last 6 weeks. We've seen some impressive APR's and opportunities for FRAX leveraged yield. We're wrapping up this adventure with a guide to how to use Smart Farming.
Frax, Short for Fractional or Fractal π€
All-weather stablecoins for all-market conditions βοΈπ¦οΈβοΈ
β DeFi Dave (Β€,Β€) πΈ (@DeFiDave22) November 24, 2023
There's always yield somewhere with $FRAX, $frxETH, and $FPI π€
It's why @fraxfinance lives up to being a 'fractal' of all of DeFi π¦
It's Oh So Quiet... For Now π
Something Something Fraxchain Soonβ’οΈ
Travis deployed FraxChainPortal.sol and FraxchainFrxEthMinter.sol to the Github repo this week. You can read about it this week in Cryptovestor's Alpha Corner.
Cryptovestor
Imitation is the Highest Form of Flattery
Introducing Blast: The only Ethereum L2 with native yield for ETH and stablecoins.
β Blast (@Blast_L2) November 20, 2023
Weβve raised $20m from @Paradigm and @StandardCrypto to build the L2 that helps you earn more.
Details on how to get early access at the end of the threadπ pic.twitter.com/AYYmK8YFx4
All aboard the Stablecoin Maximalism train! Blast announced the upcoming launch of their L2, which their main selling point is that they will swap stables into sDAI and ETH into stETH. They will then automatically rebase the underlying on-chain with the earned yield. Long time Flywheel readers will know that this is a core feature of Frax and an upcoming part of Fraxchain, to be launched in January 2024.
Be wary of Blast though, the "deposit" contract is actually a 3/5 multi-sig with unknown signers and a non-verified contract.
Let me say this in no uncertain terms:
β Chris Blec (@ChrisBlec) November 23, 2023
If you are depositing money into @Blast_L2
which is not, in fact, an L2
and is owned by a 3/5 anon multisig which can steal every penny whenever it wants
then you deserve to lose your money.
Again - you DESERVE to lose your money.
Opportunities
Big Bribes on Thena Exchange
Welcome two new concentrated liquidity pools on #BNB, co-incentivized with @fraxfinance
β THENA (@ThenaFi_) November 23, 2023
π¦ $BTC / $FRAX Narrow
π $ETH / $FRAX Narrow
Managed by @GammaStrategies + CLAMM from @CryptoAlgebra. Enjoy! pic.twitter.com/seuHQGwRQZ
Not only are fees printing, there are also new pools incoming to @ThenaFi_ next epoch! $BTCB - $FRAX $1k bribe in $THE$ETH - $FRAX $1k bribe in $THE@fraxfinance pic.twitter.com/vuL4TBk52W
β GBHK θη« ι (@GBHK) November 22, 2023
Beefy Autocompounding of Prisma Farms
Now autocompounding: The end game for liquid staking tokens, @PrismaFi.
β Beefy (@beefyfinance) November 23, 2023
π $PRISMA - $ETH: 1010% APY
π $mkUSD / $FRAX / $USDC: 37% APY
π $mkUSD - $crvUSD: 37% APYhttps://t.co/Ux6TDoDp1P The end game for the end game.@curvefinance @fraxfinance #ethereum pic.twitter.com/6qeuRMiVKF
Vesper Yields Near 17% for FRAX
π£ Yield Update
β Vesper Finance (@VesperFi) November 23, 2023
The FRAX pool on @VesperFi is currently at almost 17%!
Jump in at πhttps://t.co/9GJZ35ft6F @fraxfinance
Lodestar STIP Yields
π§‘π Epoch 13 is in, and we have some juicy deposit and borrow APRs incentivised with the $ARB STIP grant on https://t.co/B9zQzMHGxn
β Lodestar Finance | Backup Account (@lodestarbackup) November 22, 2023
β΅οΈ Be included in both weekly random snapshots and earn your share of the 50,892 $ARB weekly incentives !
π¦Let's start with the deposits: pic.twitter.com/Mkce8xaeUa
Zeta Offers FRAX borrowing
Borrow native $BTC and $FRAX on @zetablockchain
β LENX (Β€,X) | BTC-focused Stablecoin & Lending (@LENX_Finance) November 24, 2023
Excited to unveil our updated design to you soon! pic.twitter.com/JkHbKgFUVn
Best of Twitter
Foxi With the FXS Alpha
It doesnβt take much work to earn money, cuz I did the work for you.
β Foxi.eth π¦ (@Foxi_xyz) November 24, 2023
Blast may give you excitement, but $FXS brings lasting wealth.
In just 5 months, you'll be grateful you read this thread today.
Why & What's the best time to buy FXS? 0/14𧡠pic.twitter.com/bcmVBtxP3A
We like their charts :)
sfrxETH Holders Take the Survey
ETHEREUM PEEPS.
β Georgia Rakusen | OpenUX (@G_Rak) November 20, 2023
If you stake your $ETH with Lido, Frax or Rocket Pool - or you run your own node... then please share your experiences in this anonymous <5min survey https://t.co/BaZHDi74UH (leave an email address if you'd like to be invited to a paid interview, totes optional).
DolaK1ng With a Summary of Frax
Frax finance is one of the biggest project that might lead the next bull season
β DOLAK1NG (@DOLAK1NG) November 23, 2023
Ranging from it core utilities which no project has ever created in history!
Here's a simplified breakdown of Frax V2 & why you should keep them on your radar
A 𧡠pic.twitter.com/yaafRCUV4O
Navy Bull-Posting
So, @fraxfinance has the highest yielding $ETH LST, has a $672 mill market cap stablecoin $FRAX, an inflation resistant $FPI token, a yield-bearing stable $sFRAX, tokenized treasury value accrual via $FXB, a lending market, an AMO, a secure bridge and is soon to launch its own⦠pic.twitter.com/lOBwVgYCjI
β naly (@defi_naly) November 22, 2023
Crypto Gideon Longs FXS
Longed $FXS with 2xπ
β Crypto Gideonπ¦π (@CryptoGideon_) November 22, 2023
Thesis:
β Halving on Dec 20th
β Every year it pulled 3-4x
β $BTC ETF approval in January
β Frax chain testnet in December
β Bottomed chart, max downside -30%
IMO the safest 2-6x trade in the market right nowπ°
Shared in my FT group firstπ€ https://t.co/5IO8NAnPpL pic.twitter.com/purr53mGze
ModernTrader Picks FXS
My Liquid Staking Project Pick
β ModernTrader.lens (πΈ, πΏ) (@ModernTrader21) November 22, 2023
Frax Share (FXS) π
NAFA & DYOR
I Am Sharing My Picks Just Because My Community Members Asking Me To Reveal What Am I Holding & Buying
More To Come
π©· & π pic.twitter.com/iF7c9cPSa9
