Discover and read the best of Twitter Threads about #Lumenswap
Most recents (2)
The new #Lumenswap milestone set for Q4 2023 explained in a short 🧵 ...
👷🏻♂️Build a Collateralised Debt Position lending system also known as CDP.
1. What is a CDP
2. What are the benefits.
3. What this could mean for the LSP token if integrated. #DeFi #XLM
🧵 👇🏻
👷🏻♂️Build a Collateralised Debt Position lending system also known as CDP.
1. What is a CDP
2. What are the benefits.
3. What this could mean for the LSP token if integrated. #DeFi #XLM
🧵 👇🏻
2/ CDP lending systems have been around the crypto space for a very long time.
They allow you to 'put up' a chosen asset as collateral, whilst minting you a stablecoin in return
When you pay back your loan, you can get your collateral back. 🧵👇🏻
They allow you to 'put up' a chosen asset as collateral, whilst minting you a stablecoin in return
When you pay back your loan, you can get your collateral back. 🧵👇🏻
3/ Used carefully the positives of using a CDP system can be:
• Receive liquidity on your asset without having to pay capital gains
• Nobody checking your credit score
• Use the loan to 'long' the price of the asset used as collateral
• Creates utility for c/zed asset.🧵👇🏻
• Receive liquidity on your asset without having to pay capital gains
• Nobody checking your credit score
• Use the loan to 'long' the price of the asset used as collateral
• Creates utility for c/zed asset.🧵👇🏻
Here's a quick thread🧵 👇 on Lumenswap rewards
There are 3 types of #Lumenswap rewards; they can be obtained in different ways.
• Holders Reward
• LP Reward
• Auction Airdrop
🧵1/4 $XLM
There are 3 types of #Lumenswap rewards; they can be obtained in different ways.
• Holders Reward
• LP Reward
• Auction Airdrop
🧵1/4 $XLM
Holders Reward can be earned in two ways.
1. Hold over 10,000 LSP in your native wallet.
2. Provide over 10,000 LSP in the XLM-LSP or USDC-LSP pools. Watch out for impermanent loss, a rebalancing of your liquidity could leave you with less than 10,000 LSP. 🧵 2/4
1. Hold over 10,000 LSP in your native wallet.
2. Provide over 10,000 LSP in the XLM-LSP or USDC-LSP pools. Watch out for impermanent loss, a rebalancing of your liquidity could leave you with less than 10,000 LSP. 🧵 2/4
An LP Reward can be earned if you hold over 1,000 LSP in XLM-LSP or USDC pools. Watch out for impermanent loss again; a rebalancing of your liquidity could leave you with less than 1,000 LSP.
Tip: Put in more than enough to cover any impermanent loss.
🧵 3/4
Tip: Put in more than enough to cover any impermanent loss.
🧵 3/4
