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olimpio
203,816 Twitter followers
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Yield farming, DeFi, & Airdrops | Daily News @AlphaPackedHQ | Airdrop Checker @earndrop_io | Seeding @OlimpioCapital
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olimpio
07-28
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sale concluded. Final numbers are in $320,000,000 is fighting to get a portion of $209,000 • $50,000,000 available to be purchased • Just $209,000 was not purchased. Roughly 0.41% • $373,000,000 total deposited, meaning 323,000,000 oversubscription • x1545 oversubscribed capital Assuming overcommitted funds are returned within 2 days, you can calculate the APR for overcommitments. Let's break it down: - $10,000 overcommitment gets you $6.5 worth of tokens - $9993.5 is refunded back to you - considering most deposits were made in the last minute, let's use 3 days as lock to calculate APR - $6.5 worth of tokens bought 130 XPL - at 2B valuation, 130 XLP is worth $26 - So you started with $10,000, and now have $10019.8 (9993.8+26) - This means $19.8 profit in 3 days. That's 24% APR You can change both duration (2 days instead of 3, etc) and launch FDV (1B instead of 2B, 5B, etc). Launch is in roughly 40 days. Refunds for overcommitments should be processed shortly. Upon launch, users get both their OG deposit back, and the XLP fully unlocked (except USA, 12-mo lock). closely monitoring ⚡️
MO
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olimpio
07-27
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🚜🚜 This is getting around 25% stablecoin APY, with one of the lowest risks in DeFi, and almost fully liquid. Strategy: Asset: USDC and sUSDC APY: 25-35% Chain: unichain Protocol: Euler + Spark Bridge: use cctp[.]to USDC from almost any chain to any chain, or bungee Duration: ~1 week (unless Euler adds new incentives) Strategy: • supply USDC on Euler, borrow sUSDC from vault #1. • supply borrowed sUSDC on Euler, borrow USDC on vault #2 • Rinse and repeat This is getting around 30% APY, with one of the lowest risks on DeFi, and almost fully liquid incentives. I am sharing the average for the last few days, in spite of what the UIs are showing. The second box in the screenshot (which shows -24% APY) is incorrect, since the Euler UI is not considering Spark's +4.6% OP incentives on top of the SSR 4.5%. So both loops are profitable. Alternative Strategy: instead of doing 2 loops at the same time, you can: • start with USDC on Unichain • supply USDC on Spark, get sUSDC (fixed rate, no slippage) • supply sUSDC on Euler • borrow USDC from Euler • repeat (mint sUSDC, etc) This is less profitable since both loops are (+) atm, but simpler to do. Context and longer explanation of what's going on: • Spark has $OP incentives for sUSDC, which is a wrapped version of USDC on the superchain. sUSDC is getting 4.5% of SSR (Sky Savings Rate) + 4.6% of OP rewards (this is variable). • Euler has markets for sUSDC. With this strategy, we are looping and leveraging yield to get more exposure. Euler is incentivizing USDC borrow with USDC subsidies, so it's cheaper to borrow. It's also adding rEUL on assets supplied. rEUL has a 6-month vest from the time you claim it. Want insta-unlock? Forefeit 80% and 20% is fully transferable. It's a small part of the yield though. GL farmers!
EUL
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olimpio
07-26
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With 2 days to go, @PlasmaFDN is already oversubscribed by +6x Some stats: • They are selling $50M worth of XPL @ $0.05 • At a valuation of 500M • 1B XPL sold • $41.8M/$50M has already been purchased (84%) • $8.2M remains unpurchased, for people who overcommit • There's $50M in overcommitments trying to get that $8.2M share • Total raised: 92M imo +95% of XPL will be purchased, but that won't stop overcommitments since it's basically free, mind the opp cost to deploy/unwind size. You can commit until the 28th, and the Plasma team will refund unused overcommitted funds within 2-3 days max. They've received so far: 46,073,566 USDC 45,552,745 USDT 605,041.46 USDS 30,414.36 DAI Only around 3000 addresses managed to get in. There was a 30 min window on the last cap increase, so plenty of time for people who missed the first two. They are treating USDC/USDT/USDS/DAI as if they’re all worth exactly $1. Because of that, the best alternative was to send USDC (which can trade slightly below $1, $0.998 on some exchanges) since they are crediting deposits at a 1:1 rate in USDT at launch. A small arbitrage on top of the Aave yield our deposits are already getting. Can't confirm myself, but I've seen people saying the word "Trillions" ⚡️
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