A Novices Adventures in Cardano DeFi Update Thread (@FluidTokens):
I setup a few pools with about $3500 USDM on FluidTokens (https://t.co/CTh2SH9Kfr) for perpetual lending. All of my pools have been borrowed against with $STRIKE as the collateral.
Some loans are into the "yellow zone" which I believe means approaching the point of either needing more collateral deposited on behalf of the borrower or I can liquidate the loan and receive whatever $STRIKE is there as collateral if they fall low enough.
At the moment sitting at $9.24 USD worth of interest accrued so about 6.86% APY atm.
A Novices Adventures in Cardano DeFi Update Thread (@strikeperps):
Bought about $2k USD worth of $STRIKE and easily staked it on their platform at https://t.co/Ni5uyFABDb (connect wallet, click staking button, earn rewards).
Received $2.65 deposited to my Strike Portfolio balance, an estimated annual APY of 3.31% APY at the moment...
My $1K USD position in the SLP Pool got off to a bit of a rocky start but the PNL has turned positive over the past few days and I'm up $31 at the moment, representing current gains of 3.11% in the past two weeks (an 80.88% APY if that pattern holds over a full year which is certainly not guaranteed at all).
@Yabba900@TapTools@strikeperps is why Cardano rises with more fire from the ashes. It's a fucking 10 course meal of public profit benifits. Go Strike Go!
The @strikeperps team just distributed another $31,000 in staking rewards to $strike holders ⚡️
This brings the total distributed to just shy of $1,200,000
Unreal results!