Cyril - DeFi
Cyril - DeFi

@cyrilXBT

12 Tweets 1 reads Apr 28, 2023
Yield farming 101
One of the best ways to put your money to work is by yield farming
@Stablzone is doing exactly what you have been looking for
Here is why πŸ‘‡πŸ§΅
While traditional farming in DeFi platforms is often unreliable, with no guarantee of stable pairs or consistent APY.
Additionally, farming is resource-heavy and requires constant monitoring, making it difficult for casual investors to participate
$Stablz is to simplify yield-earning users to store liquidity and earn as much real yield as possible using a lightweight approach to the real yield.
Since my last thread on $Stablz has gained 2,000 holders giving it significant growth since the last time I wrote about it.
Another unique update is $Stablz has recently announced a new partnership with $YDF
How does $stablz work to ensure consistently giving you great returns
$Stablz is built on a very solid foundation: $CRV
$CRV has a good reputation and it’s also known for its liquidity pools, which pay boosted rewards in $CRV
Its native crypto, $STABLZ, provides evident lockup benefits:
Do you want a higher yield?
To earn additional $STABLZ emissions, lock up STABLZ.
The longer you keep your tokens locked up, the higher your APR:
$Stablz is currently offering:
1 month = 8% APY
3 months =12% APY
6 months = 20%APY
12 months = 36% APY
locking up 100 STABLZ for 1 month at an 8% APR incentive means upon deposit they receive 100 OS receipt tokens (which must be used to redeem the original stake).
Next they receive a total of 0.66666666 $STABLZ over the course of 1 month.
This is calculated by taking the initial principal deposit of 100 $STABLZ multiplied by the annual percentage rate of 8% (0.08), divided by 12 months then multiplied by the period staked (in this case 1 month).
It's almost impossible to fit everything $stablz has going on in one thread to keep it short and sweet I'd recommend checking out their white paper
If you made it this far. Thank you for your time 🫑
Follow me @cyrilxbt for more educational threads like this.
If you learned something, please drop me a RT/like πŸ‘‡

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