[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:

View post   
>> No.27333065 [View]
File: 41 KB, 1920x1011, flarex_dark.png [View same] [iqdb] [saucenao] [google]
27333065

>>27332982
March or april in my opinion this is the prophecied shakeout pump

>> No.25768671 [View]
File: 41 KB, 1920x1011, flarex_dark.png [View same] [iqdb] [saucenao] [google]
25768671

>>25768144
>>25768226
>>25768316
>YMin
We haven't touched this yet so I cant comment on that.
>What was it like trying to collect YFIN
So on flarefarm you can stake tokens or LP tokens and get YFin as a reward. It's easy as fuck. There is a claim button and you click it. We've been testing with flarex arbitrage and staking the profits into flarefarm and so forth, some of us are making insane profits. It's testnet tokens of course so no real value. We are using metamask also.
>And whats your strategy going to be when its live?
A lot of it will depend on the tokenomics since that is still a mystery. My gut feeling right now is to stake the YFLR I get in the airdrop on flarefarm right away. Personally i'm going to stay away from liquidity providing on flarex because i'm not a whale. Right now there are crazy arbitrage opportunities because theres only a handful of users and random tokenomics, but that probably wont reflect in the live system. Being an agent in the flare networks and the other flare finance products are possibly other ways to make income from the ecosystem.
>in your opinion is that what we should be focusing on trying to get?
YFin 100%. 1 Yfin will be a make it stack. YFI hit $43k, Yfin... lets just say it will be big.
>How do they work. What kind of interface. Will we need to keep shit in a cold wallet or can we just work from the site, etc.

This is the basic rundown. Three products, flarewrap, flarex, and flarefarm.
FlareWrap - turn offchain stablecoins into onchain stablecoins. You turn USDT into xUSD from the etherium network to the flare network.
FlareX - exchange/swap tokens, provide liquidity in pools. Basically uniswap for flare network.
FlareFarm - stake tokens and LP tokens to get yield apy. When you provide liquidity in flarex it gets tokenized and you can stake that token in flarefarm.

Right now i'm making about 7.5 yfin per day from yield farming and went from 1 yfin to 30 with flarex arbitrage.

Navigation
View posts[+24][+48][+96]