๐งต: A thread on how to generate 100% yield on $AVAX, as well as my top Avalanche ecosystem picks.
I'll cover:
- Why Avalanche is one of the strongest L1 plays
- How to farm on $AVAX
- How to increase your profits through investing in its ecosystem
Let's dive in. ๐
1/16
I'll cover:
- Why Avalanche is one of the strongest L1 plays
- How to farm on $AVAX
- How to increase your profits through investing in its ecosystem
Let's dive in. ๐
1/16
2/ L1s are some of the best risk/reward plays in crypto due to their endless utility and scope for growth.
Alongside other top L1s like $FTM, $LUNA and $SOL - $AVAX stands out as a top chain due to its innovative tech, user growth and functionality.
Alongside other top L1s like $FTM, $LUNA and $SOL - $AVAX stands out as a top chain due to its innovative tech, user growth and functionality.
3/ Avalanche's triple-chain design grants the network additional flexibility and efficiency.
$AVAX's use of subnets means it can massively scale to increase its TPS and defer network traffic to operate more smoothly.
$AVAX's use of subnets means it can massively scale to increase its TPS and defer network traffic to operate more smoothly.
4/ Due to this design, Avalanche can settle transactions in sub 2 seconds, and has seen some of the most impressive speeds in crypto.
But.. As we know in crypto, tech isn't everything. You need real user growth to underpin L1 fundamentals. $AVAX emphatically ticks this box. โ
But.. As we know in crypto, tech isn't everything. You need real user growth to underpin L1 fundamentals. $AVAX emphatically ticks this box. โ
5/ TVL on $AVAX has increased by +21.39% in the past week, making it the 3rd biggest gainer in the top 10.
6/ After slumping for a couple months, TVL has significantly rebounded over the past week.
Avalanche's Market Cap/ TVL Ratio is also a very modest, at 1.8 vs chains like $SOL (4.1) and $BSC (4.3).
Could we be seeing the birth of another $AVAX season?
Avalanche's Market Cap/ TVL Ratio is also a very modest, at 1.8 vs chains like $SOL (4.1) and $BSC (4.3).
Could we be seeing the birth of another $AVAX season?
7/ Transactions are also skyrocketing, increasing to +1m a day to rival $ETH and $FTM.
Transactions have been increasing in a nice rising channel. Steady and consistent growth is an extremely bullish indicator of real user adoption.
Transactions have been increasing in a nice rising channel. Steady and consistent growth is an extremely bullish indicator of real user adoption.
8/ BUT. If you want to make serious gains on $AVAX, the way to do it is through the ecosystem.
Like most L1s, the ecosystem projects offer more upside due to their lower market caps. Combine this with yield farming and you've got a golden strategy. โ
Like most L1s, the ecosystem projects offer more upside due to their lower market caps. Combine this with yield farming and you've got a golden strategy. โ
9/ My favourite ecosystem project on $AVAX is $JOE.
$JOE is the main DEX on $AVAX and offers amazing farming opportunities. It's still almost a 4x away from highs, which is positive as it hasn't significantly run yet compared to $AVAX.
$JOE is the main DEX on $AVAX and offers amazing farming opportunities. It's still almost a 4x away from highs, which is positive as it hasn't significantly run yet compared to $AVAX.
10/ The best part is, you can stake $JOE for xJOE to earn 31% APR.
1. Buy $JOE on @traderjoe_xyz
2. Navigate to "Stake" tab
3. Connect wallet and "Stake" desired amount
4. Earn 31% paid in xJOE (continuously compounding)
1. Buy $JOE on @traderjoe_xyz
2. Navigate to "Stake" tab
3. Connect wallet and "Stake" desired amount
4. Earn 31% paid in xJOE (continuously compounding)
11/ But we can take this a step further.
1. Navigate to "Farm" tab on @traderjoe_xyz
2. Stake xJOE under xJOE single stake vault
3. Receive 15.97% paid in JOE on your xJOE
4. Compound back into xJOE
Now you're earning 15.97% on top of your 31% - compounding!
1. Navigate to "Farm" tab on @traderjoe_xyz
2. Stake xJOE under xJOE single stake vault
3. Receive 15.97% paid in JOE on your xJOE
4. Compound back into xJOE
Now you're earning 15.97% on top of your 31% - compounding!
12/ Prefer to play things safer with $AVAX? I've got an alternate strategy to earn 94% APY on UST-AVAX. ๐คฏ
@pangolindex is offering a lucrative UST-AVAX pool, paid out in $PNG, $LUNA and $AVAX.
@pangolindex is offering a lucrative UST-AVAX pool, paid out in $PNG, $LUNA and $AVAX.
13/ How to stake:
1. Navigate to "Pool" tab on @pangolindex
2. Create UST-AVAX pair (you'll need both tokens in your wallet)
3. Deposit LP tokens into UST-AVAX under "Farm"
4. Receive 68% in rewards, if you compound daily the effective APY is 93.76%.
1. Navigate to "Pool" tab on @pangolindex
2. Create UST-AVAX pair (you'll need both tokens in your wallet)
3. Deposit LP tokens into UST-AVAX under "Farm"
4. Receive 68% in rewards, if you compound daily the effective APY is 93.76%.
14/ 93.76% on an AVAX/stable pair is a pretty good deal!
Even if $AVAX 10xs to $880, impermanent loss would only be 42.5% (which is being significantly offset by the 93.76% APY).
Even if $AVAX 10xs to $880, impermanent loss would only be 42.5% (which is being significantly offset by the 93.76% APY).
15/ The $AVAX ecosystem is full of gems!
From P2E games like @PlayCrabada, to insane farms on @Defrost_Finance - the ecosystem is growing fast!
I'll keep you guys updated on my $AVAX strategies as the ecosystem evolves. Already lining up an insane play to reveal next week.. ๐
From P2E games like @PlayCrabada, to insane farms on @Defrost_Finance - the ecosystem is growing fast!
I'll keep you guys updated on my $AVAX strategies as the ecosystem evolves. Already lining up an insane play to reveal next week.. ๐
In case you missed the show, I cover these strategies in more depth + more on @crypto_banter:
youtu.be
youtu.be
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