Dobby is going to touch GRID....
And I got to touch it yesterday...
I FINALLY win the access code to @sentient_chat
We'll try... We'll find out...
#SentientAGI#Sentient#AGI#GRID#crypto#AI
Do you have money just sitting in your wallet that isn't earning you any income? Let me tell you about a strategy that allows you to earn money passively, and you can decide for yourself whether to use it or not.
I'm sure everyone has guessed that we're going to talk about liquidity pools.
Let's cover some theory so you understand what we're talking about, and then we'll move on to the strategy itself.
What is a Mustang?
Mustang Finance is a decentralized lending protocol that allows users to issue MUST stablecoins (pegged to the US dollar) against crypto assets. Built on Liquity V2, it offers unique features: users can choose a fixed interest rate and high loan-to-value (LTV) ratios.
In other words, MUST it is a stablecoin that you can obtain by providing collateral and can send to a pool or dispose of at your discretion.
These options can now be provided as collateral:
Wrapped Ether (wETH)
Yieldfi ETH (yETH)
Threshold Bitcoin (tBTC)
Saga (SAGA)
Stride Staked Atom (stATOM)
King Protocol (KING)
Yieldfi USD (yUSD)
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So now let's move on to the tactics of earning money: the essence is that you yourself determine the interest rate at which you take out a loan, then look for a pool in which the APR will be higher than your loan rate and earn a profit from the difference between the rates.
But there is one caveat: if you set the interest rate too low compared to other users, your loan may be “redeemed” when the MUST rate falls. This means that your debt will be repaid from the collateral, the loan will be closed without penalty, but you will lose exposure to the collateralized asset. Higher rates usually protect the loan from redemption.
But don't panic — if redemption occurs, they will simply take your deposit or part of it, but the tokens $MUST remain with you, and you can do whatever you want with them: continue to earn profits from the pool or distribute them between wallets.
Just don't be greedy when setting the interest rate on the loan, and everything will be fine.
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Now let's put it into practice and see how it's done.
Go to the Mustang website, click borrow for mint your $MUST tokens
https://t.co/LG0jVf2Pkc
Next, under the “earn” heading, select one or more pools that you like and where you will deliver your $MUST token.
Once you have selected a pool, simply deposit your $MUST tokens. You can also withdraw them there; there is a withdrawal button next to the deposit button. (Everything is intuitive there.)
I hope you found this guide and strategy useful. Thank you for reading!
@Sagaxyz__@mustangfinance
Hello all! it's been a long time no posts about @Sagaxyz__ cuz i have detox about crypto. So I decided to see what was going on with them, went in, and was surprised at the favorable terms they offer😳
Have you ever seen an APR like this? No? Well, here it is right in front of you!😁
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Lets me show you how to make a deposit into such a pool
First of all we should go to https://t.co/vUDoe0KqHb
next you need to choose pool in which you want to provide liquidity: choose any (in the screenshot, I have listed two that I like and which have a high APR)
Well, the last step is to simply convert your SAGA tokens into D tokens and then put them into this pool, and that's how you'll start earning! By the way, you can read more about the pool right there (there is information below it) where you will find all the information you need.