1. @prism_protocol has begin their launch! I will be sharing my own farming strategy to get the most value out of this ground-breaking protocol
๐งต(1/n)
๐งต(1/n)
2. The main objective will be to accumulate as much $xPRISM as possible for the most gains. In case you missed it, this thread will explain the rationale for this objective:
3.1. Swap $UST for $PRISM over at forge.prismprotocom.app
3.2. Refract $LUNA into $pLUNA and $yLUNA
3.3. Use $pLUNA to pair with a portion of $PRISM to provide liquidity and to earn liquidity incentives and swap fees
3.4. Stake $yLUNA in Prism for the $PRISM farming event
3.5. Stake half of the remaining $PRISM for $xPRISM
3.6. Pair $xPRISM with $PRISM to provide liquidity and to earn additional liquidity incentives and swap fees. An additional bonus is that this particular pool will face minimal impermanent loss similar to $LUNA - $bLUNA
4. A full summary of my strategy:
$yLUNA staking in Prism
$pLUNA - $PRISM LP
$xPRISM - $PRISM LP
$yLUNA staking in Prism
$pLUNA - $PRISM LP
$xPRISM - $PRISM LP
5. This will ensure that all of my assets are being put to work and not idling, increasing the efficiency of farming while awaiting for @prism_protocol to capture all of that massive, unrealized value.
6. Not financial advice, please DYOR. If you have more interesting and better strategies, do comment and share it! Will love to know what you guys about my strategy as well!
@TerraGolem_NFT @prism_protocol And I'm also betting on a few things:
- that $LUNA's price has relatively stabilised and will not drop any lower
- $pLUNA will be widely traded due to it being a leveraged token with huge price gains if $LUNA moons -> more rewards from swap fees
- that $LUNA's price has relatively stabilised and will not drop any lower
- $pLUNA will be widely traded due to it being a leveraged token with huge price gains if $LUNA moons -> more rewards from swap fees
@TerraGolem_NFT @prism_protocol Short term wise, will probably experience a heck load of volatility and even large dips in value as the market decides the price of $PRISM and $pLUNA, but long term wise it'll do great because $PRISM is a value-capturing beast and $LUNA to $1000 is not a meme
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