Multiple ways to farm, one goal
Grow your sonic-3:native, $SNAKE, and $gSNAKE positions all within the Snake Finance ecosystem
① Pair on @ShadowOnSonic
② Deposit LPs into the Forests
③ Stake $gSNAKE in the Nest
④ Earn $SNAKE
⑤ Redeem for $S or Zap into the Forests
→ Higher $gSNAKE price
→ Higher Forests APR
→ Bigger PSM Growth
→ Nest Expansion to print more backed sonic-3:native in the form of $SNAKE (redeemable 1:1)
This is how you vertically integrate the product with the networks growth
🐍
@SonicEcosystem produces weekly updates on @SonicLabs ecosystem
Snake has been featured alongside a number of notable projects
Have a read and stay updated 🐍👇
@CrocodileFi had a rough launch with only 35% PSM but we know our model works
Less than a year later we’ve surpassed 91% backing in avalanche-2:native , reaching 100% for $CROC to begin printing
This is how you scale a stablecoin pegged to AVAX even when activity is down
$CROC is trading at 0.8658 avalanche-2:native with 91.05% backing
Our focus hasn’t changed
① Grow the PSM
② Reach 100% backing (91.05/100)
③ Open 1:1 $CROC → $AVAX redemptions
④ Let the Nest print revenue-backed $CROC 🐊
When $S moves higher, so does $SNAKE and in turn so does yield
Recent increase in Nest expansion drives higher demand for $gSNAKE, pushing Forest APRs even higher:
• $SNAKE ~ 40%
• $gSNAKE ~145%
• $SHADOW ~ 96%
• $GOGLZ ~ 33%
Farm, Harvest, Redeem $SNAKE ▶︎ $S instantly on Snake Finance 🐍
While the first quarter of defi hasen't brought the most exciting opportunities, $CROC's $AVAX backing continues to grow each epoch on @BlackholeDEX
We are currently exploring additional @avax LST/LRTs for additional yield opportunities
🐊
Wether your holding or borrowing $AVAX, our reserves continue to grow & yield stays consistent 🐊
Jump in the Swamps & pair your $AVAX via @BlackholeDEX or @PharaohExchange and earn:
‣ $CROC ~ 18%
‣ $gCROC ~ 86%
‣ $PHAR ~ 311%
Forest APRs update (after the 35% PSM claim)
• $SNAKE ~ 21%
• $gSNAKE ~ 80%
• $SHADOW ~ 54%
• $GOGLZ ~ 34%
SNAKE/S offers a unique position with $SNAKE backed over 100% in $S which makes pairing with $S effectively 0 impermanent loss
$S continues to strengthen the system
$10,000 $USDC in rewards have been added to the $FANG / $WETH pool for epoch 3 by @FangFinance
All incentives go to veNOVA holders that vote for the pool
Over 10,000 in $USDC has been bribed for $FANG pool on @SupernovaDEX has been deposited for $NOVA voters yielding over ~7,229% vAPR
We are very committed to continuing to bribe on Supernova as it benefits our protocol via PSM, $gFANG stakers
(Get your votes in early !)
We've worked closely with the team at @BlackholeDEX & are proud to expand to @SupernovaDEX
Take part in the presale by following the steps below:
∙ If you are bullish $ETH you are bullish $FANG
∙ If you are bullish $AVAX you are bullish $CROC