Airdrop distribution and the start of a new chapter.
Chapter 3 is already live and awarding points for farming the @SonicLabs airdrop in the new season.
To participate, you need to provide liquidity in slTokens that are eligible for earning points (as shown in the screenshot).
New pools for farming points like $xSilo, $Beets, and others will be added soon.
The airdrop for Chapter 1 and Chapter 2 has been distributed check your $YEL amount in the dashboard.
The airdrop was sent to the wallets of the top 100 users.
GLHF
Congratulations to everyone who participated in farming the Chapter 1 and Chapter 2 drops from $YEL on @SonicLabs we’ve received our drop for gems and will be launching $YEL token distribution in the coming days.
Drop your screenshots of Yel Points in the comments.
Chapter 3 will be available soon.
How to Turn $1,000 into 10% of the $WOMO Supply
By the end of the rebase, it will be possible to stake that 10% and receive a corresponding share of the treasury, as described in this post:
https://t.co/bERfMjUqDL
By then, the treasury could be around $5 mil and generate approximately $300–500k per year.
Today, I’m going to create a public wallet and deposit 1k$ into it. I’ll follow my strategy of bonding and staking in a way that doesn’t affect the chart, aiming to eventually own 10% of the treasury.
The Debank link to the wallet will be at the end of this post.
Intro
Currently, around 0.8% of the supply is burned daily that’s about 8,000,000 $WM (~$64,000).
Of that, around $11,600 is distributed to stakers split 50/50 between the WM-S and WM-USDC staking pools.
Today, I’ll do my first bond using $100 (50 USDC + 50 $WM), with a 30% bonus and a 36-hour vesting period.
The remaining $900 I will stake in the WM-USDC pool, since it has lower TVL and offers higher rewards.
(Keep an eye on my wallet I may switch pools if the yield changes.)
Day 1
These $900 will earn me approximately $49.5 per day (5.5% daily APR).
I’ll sell these rewards and if everyone followed this same strategy, it wouldn’t hurt the chart, since more tokens are burned than sold.
The plan is to use the profits from staking to rebond once my first bond matures.
What the chart looks like if you always sell staking rewards and use them for rebonding.
The chart has enough time to recover thanks to the rebase.
Day 3
After 36 hours, my $100 bond will mature, and I’ll receive $130 in WOMO tokens.
By then, staking will have earned me 1.5 days × $49.5 = $74.25.
I’ll need an additional $55.75 to make another rebond I’ll top this up from outside the account.
I’ll then place a $260 bond into the WM-USDC pool, again with a 30% bonus and 7-day vesting.
After 7 days, I’ll receive $338 in WOMO.
Meanwhile, staking will have earned me 7 × $49.5 = $346.
Day 10
I rebond again, this time bonding $676 for 7 days.
This will return $878.80 in $WM.
From staking, I’ll earn another $346 that week.
I’ll still need $532, which I’ll get by selling part of my WOMO around $266 worth.
This won’t cause any sharp chart dips, even if the entire community follows this guide. (We tested a similar chart setup for two months see example.)
Conclusion
By staking and only selling staking rewards + any leftovers after bonding, the chart has time to recover weekly through the rebase.
This strategy allows me to accumulate a large share of the supply potentially 10% by the end of the rebase using just $1,000.
https://t.co/CW0MsB4Hl6
The Quest Reminder: Try @yel_finance
Ready to explore? Yel Finance is a comprehensive yield ecosystem designed to transform market volatility into tangible yield and arbitrage opportunities for DeFi users. By wrapping original assets, Yel Finance creates secondary markets, opening the door to price discrepancies that users can benefit from.
🔗 https://t.co/30aZPuiQtL
Prizes: 150 Points & Pyramid
Your mission: complete swap tasks
Jump in — happy swapping! 🔥
We're looking for balance @womofi almost all bonds have a 30% discount.
Tomorrow I'll reduce the reserves, so if anyone was planning to take a large size, do it now before it's sold out like it was with $STS.
Launch update: To better align with current market conditions, we’re adjusting our launch to $1M FDV (from $2M).
We believe this is more realistic right now, gives our community the best possible entry and gives the project more upside potential.
Get ready for 6PM CET.
Introducing $WOMO token:
0x3E08Cb3067dC198FC313E1789347c9AE72c079d4
Liquidity of:
$WOMO - $USDC
$WOMO - $S
Will be added to @ShadowOnSonic when the timer on our website hits 0 this Tuesday and rebasing will officially start. In the next post we will explain how rebase works.