Top Tweets for #PrimeCollateral
**grabs pots and a stick**
WEN #PRIMECOLLATERAL MEETS #PRIMECOMPOSABILITY!
Cooking up some dope stuff with @PlutusDAO_io and this is just the beginning innit.
#ComposabilityDoneRight
We're excited to announce that $plvGLP is now supported on Dolomite! π
Dolomite users and @PlutusDAO_io vaulters can now borrow against their $plvGLP on Dolomite's borrow page while continuing to earn $GLP + $PLS yield!
π Give it a try at https://t.co/VCWRlGYx3d
π Read more
This week is all about $plvGLP - tune in to our AMA with Dolomite tomorrow, as they give a glimpse in to how theyβre using $plvGLP on their platform and how you can take advantage of it! β‘οΈ
https://t.co/eM6N2NGp4U
Join us for an AMA tomorrow with @LodestarFinance!
Weβll be discussing their re-launch, focus on security and why $plvGLP is #PrimeCollateral. π¦
https://t.co/1njwUPuBva
#PrimeCollateral is back. π
Borrow against your $plvGLP on @LodestarFinance or even loop it - whatever you prefer based on your personal risk tolerance.
NFA and dyor! π€
Within a matter of weeks you'll be able to borrow against your $plvGLP again - with some added incentives.
Security and audits at the forefront.
I'm starting to think #PrimeCollateral is back on the menu. π
$PLS $LODE
Safe. π€
Battle-tested. βοΈ
Several integrations going live in the very near future...π¨π»βπ»
And very rapidly approaching the soft supply cap at 8.5M/10M minted. π
$plvGLP is #PrimeCollateral.
I hope this thread has given you a better understanding of the potential of $PLVGLP as #PrimeCollateral and its integrations with @LodestarFinance and @VendorFi. π
To explore this opportunity @plutusdao has brought to the space, visit https://t.co/faxUxBJlrJ
Without further ado, Here are what you should know about the potential of $plvGLP as #PrimeCollateral and its integrations with @LodestarFinance and @VendorFi!
1. #PLVGLP is a decentralized, digital asset that allows users to instantly collateralize & access short-term capital
... assimilation and comprehension.
β’ So what's Prime Collateral?
#Primecollateral is a class of asset that is frequently utilized as a form of loan security because it is thought to be of high quality and dependability.
Before I proceed, I'll like to define what is meant by "#Primecollateral" so as to give us more clarity. I'm pretty sure some of us might just be hearing it for the first time. Don't worry, I'll try as much as possible to explain this thread in its simplest term for better
Once you own $plvGLP you have two options.
Either you stake it on @PlutusDAO_io to earn additional yield through (inflationary) $PLS rewards or you use it as #PrimeCollateral to borrow against on other protocols.
6/
New #PrimeCollateral who dis
PlutusDAO recently introduced a new DeFi Lego called $plvGLP that was built on top of @GMX_IO's index asset $GLP
Read on, kind sers, dis important #Arbitrum stuff
@Arbitrum season has grown more competitive as more protocols are fighting over a slice of juicy $GLP yield, and for good reason.
The $GMX wars are heating up.
Who will come out on top?
I believe @PlutusDAO_io's #PrimeCollateral to be a strong contender.
π§΅π 1/18
Plutons! β‘
Are you ready for YET another $plvGLP integration?
We're excited that the folks at GumBall are taking $plvGLP and using it for #PrimeCollateral backed liquid NFTs - an exciting application, where the best of DeFi is used in an NFT context!
More below... ππ
Now let's imagine another example. We just posted a nice juicy thread on our plans to integrate with @PlutusDAO_io and utilize $plvGLP as the base asset for some GumBall bonding curves.
We now have the recipe for #PrimeCollateral backed video game assets π§ͺ
Key Takeaway: $plvGLP is #PrimeCollateral.
Β· Compounding increases value of collateral.
Β· Backing is 50% in stables which reduces volatility.
Β· Low Fees: DegenBox has a 50% management fee. With $plvGLP, thereβs a yield fee of 10% and exit fee of 2%, the choice is simple.
The story above is super long, I would have been banned for such activity, so I published an entire article on medium.If it is necessary in the future, I will publish here in parts. Read below:
$plvGLP #PrimeCollateral #Arbitrum $GLP
@PlutusDAO_io
https://t.co/chMLtLOkDd
This system creates NFTs backed by a yield bearing, auto-compounding, prime collateral: plvGLP.
#PrimeCollateral $plvGLP #Arbitrum
GumBall x Plutus DAO & Friends
This thread explores potential synergies between @GumBallProtocol and @PlutusDAO_io as well as other protocols as they relate to $plvGLP.
The focus of this synergy will be the concept of #PrimeCollateral backed liquid NFTs
#Arbitrum $plvGLP
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