DeFi Tactics

Decentralized Finance enthusiast looking to spread financial independence as far as the eye can see!

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[DeFi Tactics @DeFi_Tactics]

@CollinRugg Every draft from WW1 to Vietnam seems to fit that description

[DeFi Tactics @DeFi_Tactics]

In an effort to make an informed decision for the upcoming presidential election, I figured I would see what both sides' campaign platforms.

Her campaign site makes it look like there is no platform.

"Vote for me because ... (asks for line from donors and party elites)"

[DeFi Tactics @DeFi_Tactics]

Wife math: Honey I just bought a $300 for $100...I saved $200.

Husband; No you spent $100.

Mayor Adams: I are going to save $6.7 million

New Yorkers: No, you spent $53 million https://t.co/JcNMTTX4Ih

[DeFi Tactics @DeFi_Tactics]

I think it is important to ensure that dapps, such as @Pangolin_Flare , ensure that liquidity providers are able to claim their portion of the distribution based on the FLR that is provided in the LPs.

Can the community be provided with some assurances?

[flare.space ☀️ @flare_dot_space]

1/🧵 'What happens now that #FlareNetwork FIP.01 passed' is a common question these days.
We've put together a comprehensive blog post with all the information you need to answer it 👇
Read it here: https://t.co/n4CVnpdnML
@FlareNetworks #FlareCommunity

[DeFi Tactics @DeFi_Tactics]

Passed the Series 7 Exam today! Woot woot

[DeFi Tactics @DeFi_Tactics]

@banker_defi @flare_dot_space I wonder how many of the ~15,000 votes cast were from one person with multiple wallets? I think there are less people that actually voted.

For security reasons it makes sense to not have "all your eggs ( $FLR) in one basket (wallet)".

I have a couple wallets that voted yes

[DeFi Tactics @DeFi_Tactics]

The crowd goes silent. You can hear a pin drop. A baby starts crying in the back and the crowd shushes the baby.

Absolute silence.

The silence is deafening.

With a thunderous boom, I shout, "This is FLARE!"

...and press "Vote For"!

The crowd goes wild. And voting closes.

[DeFi Tactics @DeFi_Tactics]

Prior to the voting of #FIP01, I had this vision of it being perfectly tied.

Enter Stage Right: Me (there is a stage with 2 buttons)

I understand the future of everyone's distributions is in my hands!

I look left and see 50% cheering no. I look right and see 50% cheering yes.

[DeFi Tactics @DeFi_Tactics]

I take a deep breath.

I wonder the implications of the votes I hold.

A bead of sweat forms on my brow. Cheers and jeers are thunderous.

I raise my hand with absolute resolve, preparing to press the button which will decide the fate of countless $FLR holders.

[DeFi Tactics @DeFi_Tactics]

@Decentrlized @HugoPhilion I claimed rewards through the ftsorewardsmanager contract on the block explorer and they came in the form of $FLR

[DeFi Tactics @DeFi_Tactics]

Also, while the distro is the main topic for the proposal.....#FIP01 actually does much more for the tokenomics when it comes to the inflation rate of the $FLR token. Early participants earn thru the FTSO until native token earning from F-Assets begins!

[DeFi Tactics @DeFi_Tactics]

As of 20 JAN 2023 @ 2154 HST #FIP01 vote is 94.94% For and 5.06% Against.

Seems like all the FUD thunder surrounding the vote came without the lightening.

Those who participate value the prop whereas those that don't participate don't seem to want to vote to keep original prop

[DeFi Tactics @DeFi_Tactics]

or can't cause they dumped.

Those that have their $FLR locked on exchanges such as @coinbase can't vote but probably understand the importance of not leaving future distros up to the whim of centralized entities!

[DeFi Tactics @DeFi_Tactics]

@erchandra81 I would say the following:

Original goal was to bring non-smart-contract native (NSN) blockchain the ability to have decentralized smart-contract capability.

Now goal is to bridge EVERYTHING without fragmented liquidity, including NSN chains

Adds time for developing LayerCake

[DeFi Tactics @DeFi_Tactics]

Does this $FLR math make sense?
Current Market Price: ~0.04 USD / FLR
FTSO Average Reward Rate: 0.3 / 100 WFLR
Monthly Distro Post #FIP01 Approval: 2.3%

NFA

The following does not take into account compounding 1/

[DeFi Tactics @DeFi_Tactics]

@corylyonsmusic I see your point. However, Ithink the distro incentive will bridge the gap until F-Assets launch. I.E. people will want to delegate to earn distro until F-Assets launch. At that point, people will want to collateralize their $FLR to earn native tokens.

[DeFi Tactics @DeFi_Tactics]

@banker_defi There are definitely more ways to utilize the network to increase yield. That is why I like the proposal because it provides incentive to those who will use the network and support its devs and other participants.

[DeFi Tactics @DeFi_Tactics]

@dragonheart0313 I like that platform and have used it. I usually use the block explorer to delegate directly that way. I am also a nut about security though

[DeFi Tactics @DeFi_Tactics]

@dragonheart0313 First off, this is dependent on #FIP01 passing. Monthly distribution is based on wrapped FLR delegated to the FTSO. So in fact it's ideal to keep it wrapped to compound and receive even more of the monthly distro

[DeFi Tactics @DeFi_Tactics]

Again, this is where the risk / reward comes into play. Dumping all distro and FTSO rewards is discouraged by the mechanics of #FIP01 as there is more earning potential with max participation. Still having bills paid by some portion of $FLR rewards is pretty doggone cool
8/

[DeFi Tactics @DeFi_Tactics]

Possible Pro: price increase (let's say to $0.20 -> monthly distro of 76,666.666 value increases to $15,333.33 / month (not too shabby))

Possible Con: price decreases (let's say to $0.01 -> monthly distro of 76,666.666 value decreases to $766.66 / month)

7/