Rene Lucian

[Rene Lucian @renelucian_]

@Mars_DeFi @PreonFinance @ChronosFi_ Hearing a few things about @PreonFinance and glad I got to know more about them in this thread. Like the idea of being able to collatarize tokens and the strategy behind execution of trades.

[Mars_DeFi @Mars_DeFi]

✅Do you know that @PreonFinance is a zero-interest Collateralized Debt Position (CDP) protocol within the @SphereDeFi ecosystem, operating on Arbitrum and Polygon.

Here, users are allowed to collateralize their loans with a variety of tokens, including wETH, wstETH, and wMATIC at the moment. Interesting, right?

Here is a video to help you understand the protocol better 👇

🔗:https://t.co/jW0G2JUtgg

[Mars_DeFi @Mars_DeFi]

✅In a nutshell, when there are incentivized pools, it attracts more people to participate, which leads to a greater amount of available funds. This increased liquidity then helps to improve the execution of trades, resulting in higher trading volumes. And with higher trading volumes, the revenue generated also goes up! 💰

[Mars_DeFi @Mars_DeFi]

✅In summary, the partnership between @PreonFinance and @ChronosFi_ represents a forward-thinking approach to DeFi collaborations. This partnership will bring a positive element to the Chronos ecosystem, as Preon is a key player in the battle for Chronos incentives.

It will contribute to the growth and stability of the Chronos platform by making it more appealing to users who are looking for a utility-bearing and rewarding place to stake their assets.

📣 You definitely want to be updated constantly on these protocols, so follow @PreonFinance and turn on notifications.
@ChronosFi_

Also feel free to check out Preon’s Medium page for more information👇

https://t.co/Ig8Oa92Ex8

Excited to explore Preon after learning all about it? Dive into their dApp right here👇

https://t.co/WxWQXIlfyp

[Mars_DeFi @Mars_DeFi]

✅The goal of the partnership is not limited to deepening the already existing ties between @SphereDeFi and @ChronosFi_ as Sphere has been a longtime collaborator with the Chronos team but also to provide 2 essential services which are;

-Liquidity hosting where Chronos will natively support $STAR pools.

-Incentivized LP on Chronos as Sphere’s veCHR holdings (where they rank as one of the biggest holders) will be used to incentivize $STAR liquidity on Chronos.

[Mars_DeFi @Mars_DeFi]

✅Dyson also has a subsection called Liquidity Market that offers liquid wrapper solutions to veTokens. In exchange for governance rights, deposits can earn ve-incentives while holding a liquid position thereby accumulating governance for $SPHERE holders in prospective projects.
This will further interest in Chronos and help the ecosystem as this has held a strong peg🔐

[Mars_DeFi @Mars_DeFi]

✅ Because $STAR will be incentivized heavily at launch via bribes and vote incentives by Preon, all indications lead to adoption of this protocol on a large scale and this will bring enough liquidity into the Chronos ecosystem. To this effect, @ChronosFi_ has launched Concentrated Liquidity pools. This will in turn drive more revenue to veCHR voters and provide greater yield opportunities to liquidity providers🤑
For more information about this 👇

🔗:https://t.co/9tqOdZ0Ufn

[Mars_DeFi @Mars_DeFi]

✅@PreonFinance’s stablecoin $STAR will be borrowed at a 0% interest rate when various tokens are used as collateral. This means that users will be able to borrow/mint $STAR against their deposits in the protocol.
It is also interesting to know that these loans have the collateral deposited at a value higher than the value of $STAR that can be borrowed; hence the peg value of $STAR is always maintained.

Now you know a solid protocol with over collateralized debt positions and it gets more interesting.

[Mars_DeFi @Mars_DeFi]

✅@ChronosFi_ is a community-owned ve(3,3) decentralized exchange (DEX), liquidity provider and automated market manager (AMM) built on the Arbitrum L2 scaling solution.
It stands out from the crowd with its unique approach to liquidity provision and farming, as it has an innovative way to incentivize long-term commitment called ‘Loyalty rewarding maturity NFTs’.
This definitely sounds like more rewards, so dive in for more 👇

[Mars_DeFi @Mars_DeFi]

🚀Here is why I’m bullish on the partnership between @PreonFinance X @ChronosFi ⭐️

In this thread, I will talk about:
-What the protocols are about.
-@PreonFinance as a CDP ⭐️
-Benefits for users 💰
-Users protection by Preon 🔒
-Goals and benefits of the partnership💯

✅Before diving deep into the thread feel free to click the link to check out the protocol 👇

https://t.co/WxWQXIlfyp

This partnership is proof that the right collaboration drives progress and builds a stronger ecosystem for all.

🧵Dive into the thread to find out how
Like and retweet for others

[Rene Lucian @renelucian_]

@Mars_DeFi @PreonFinance Great thread! Gave a lot of valuable information and it really isn't so difficult to navigate

[Mars_DeFi @Mars_DeFi]

✅After learning about these fantastic features of @PreonFinance, you'll surely want to join this incredible community. Here's how:
-Follow @PreonFinance and turn on notifications.

-Join the Discord to participate in activities and quests, and stand a chance to win a Whitelist spot

Zealy 🔗 : https://t.co/y5KU4YmNEW

[Mars_DeFi @Mars_DeFi]

✅Preon previously announced a two-phase launch:
Phase 1: CDP and $STAR launch
Phase 2: Gauges and $PREON launch.

Currently, only Phase 1 has launched, and you should check it out here👇

https://t.co/WxWQXIlfyp

Additional plans to launch on other chains are in the works, promising to make Preon even more expansive once deployed. I'll be here to witness it all.

[Mars_DeFi @Mars_DeFi]

✅@PreonFinance is on a mission to provide continuous incentives to users, in addition to offering stablecoins for deposited collateral.
One such incentive is that vePREON ($PREON lockers) holders will be entitled to the majority of the protocol yield, generated from multiple sources, including:
-Minting and redemption
-Liquidation
-Performance fees
-Gauge fees
-oPREON redemptions
-Bribes 🤑

[Mars_DeFi @Mars_DeFi]

@ChronosFi_ @PreonFinance ✅Preon has also partnered with @Retro_finance, a ve3,3 DEX with concentrated liquidity, for bribing and yielding

The $STAR/$CASH pool on Preon already has over 1M in TVL earning >30% APR!

Preon also allows for collateralization of Dyson managed LPs on Retro

[Mars_DeFi @Mars_DeFi]

✅There is also a partnership with @ChronosFi_ to bring improved liquidity hosting and incentivized liquidity provisioning to the protocol. These incentivized pools will boost liquidity, generating more revenue for both protocols and, in turn, increasing demand for $STAR.

[Mars_DeFi @Mars_DeFi]

✅Although this feature isn’t live yet, @PreonFinance plans to accept rETH BPTs and stETH BPTs. Additionally, you can use @PreonFinance to leverage your BPTs.

Now you’re really eager on how this can benefit you, right?

Well it’s quite simple✅
-User receives BPTs after providing liquidity on Balancer
-User deposits the BPTs on Dyson
-Dyson farms the BPTs on @AuraFinance
-User then deposits the Dyson receipt tokens on Preon to unlock liquidity in $STAR
-Rinse and repeat for more gains 🤑

It almost seems too good to be true.

[Mars_DeFi @Mars_DeFi]

✅If you're unfamiliar with BPTs, they're receipt tokens received after providing liquidity on @Balancer. These tokens prove a deposit was made into the liquidity pool.

With Preon, users can leverage these 'mere proofs' to secure 0% interest loans 🤯

Yes, you read that right! 💰

[Mars_DeFi @Mars_DeFi]

✅You’re probably wondering what the most interesting part about this protocol is. Well you will be excited to know that LSTFi BPTs can be used as collaterals and leveraged for yield farming.

I know now you’re excited and you should be.

[Mars_DeFi @Mars_DeFi]

✅Additionally, @PreonFinance integrates with Dyson, offering high yields and auto-bribes. Dyson, a decentralized & multi-chain yield optimizer, maximizes yield through carefully crafted strategies.
The Stability Pool vault, hosted on @dyson_money, will instantly realize liquidated collateral yield and reinvest it as more $STAR💰

This locks in the yield, allowing stability providers to passively auto-compound more $STAR over time via the Dyson vault. I love how that sounds .