hunter leon

[Jon Wu @jonwu_]

Two obvious questions:

1) if something is paying you 20% risk-free, why not just borrow a ton of money and make it pay you like, 100%+?

Oh uhm, that's exactly what Abracadabra / $MIM's degenbox did:

https://t.co/2MUoAvjFiI

[Jon Wu @jonwu_]

An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.

Here's everything you need to know.

The $UST Depeg Thread:

👇

[hunter leon @hunterleon88]

@projectPXN yes please

[Phantom Network @projectPXN]

// Launch_Mode activating...
// T - 24 hours remaining...

[hunter leon @hunterleon88]

@RaritySniperNFT @Strangers_Kojo @tigersplash @econoar @MeinerdingArt

[hunter leon @hunterleon88]

@dogewoodnft @dogewoodnft @taur_ox @sir_kento

[Defenders of Dogewood @dogewoodnft]

The daily leaderboard keeps delivering on daily $ETH rewards!

Giving away 5 WL spots for our upcoming Commoner mint on this post:
- Retweet & Like
- Tag 3 Doges 🐶

Winners picked within 48 hours!

!defend

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

/11 Autocompounder Risks

To maximize your yield, you need to harvest your farms and deposit multiple times a day.

An autocompounder automates this.

The problem is that it adds an extra layer of risks that can be exploited.

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

Go for coins that tend to correlate together

I farm jewel-one because Jewel correlates better with Harmony than other tokens.

I'm calculating the potential impermanence loss based on price predictions.

5.46% isn't a big deal when I'm getting over 300% APR in yield.

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

/8 Watch Out for Slippage

You're trading $100 worth of X coin for $100 worth of Y coin. You submit the transaction and end up with $80 worth of Y coin.

What happened? Slippage.

• Low liquidity
• Low volume
• Highly volatile prices

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

/4 Ponzinomics

Some projects are pure ponzinomics.

Do you know what UTILITY the token has? If not then chances it's based on Ponzinomics.

You can still make money with it.

Make sure you know how EARLY you are, and take profits along the way.

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

/3 Chasing High APR inflationary Tokens

Those 25,000% APY looks sexy right?

Inflationary tokens tend to crash in value if there's not enough utility or $ inflow.

Ironically, a 19.5% APY on a Stablecoin has outperformed a lot of these high inflationary tokens.