shMON points went live last week, so I decided to experiment a bit beyond just staking
my little playbook:
I funded a separate wallet and bought about 20k MON purely for this, no degen pool, just to see how far shMON can actually be pushed when it’s used properly
first thing I did was simple
I staked roughly 80% of the MON on @0xFastLane to get shMON, then instead of letting it sit, I split the shMON into different paths to see how it behaves once it starts doing real work
For now I've deployed shMON across three places:
Curvance
Curve
and Euler
today I’ll only talk about @Curvance and I’ll continue with the rest tomorrow
on Curvance, I deposited about 70% of my shMON and used it as collaterall, I borrowed wMON against it and that unlocked a 2x multiplier on points
my original shMON didn't stopped earning its base yield and points, it was as productive at the same time
I didn’t stop there
I took part of the borrowed wMON, unwrapped it to MON on uniswap, restaked it again on FastLane to mint more shMON, and started another loop on Curvance that eventually flowed into Curve
I’ll talk about what I did on Curve tomorrow and how that part works.
from just this Curvance loop, I earned additional points on top of shMon staking, plus on-chain activity on Curvance itself in case of future drops
shMON is called “super holistic” for a reason, and staking is just the starting point
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