The past year or two for me has been all about Curve and Curve derivatives, so much so that I coined the term CREAM (Curve Rules Everything Around Me).

And no I don't mean the hackfest dumpster fire that is CREAM the protocol.

But primarily, I'm talking about @Curvance!

Now like I said, I like anything curve related. Convex, Concentrator, even the way mine curves to the left! Uhm, I mean, Conic. Yeah that's what I meant.

Member curvature aside, @Curvance just really started ramping up the info and it really got my attention so let's ride

So Curvance is an Omnichain Yield Optimized Stablecoin Lending Protocol.

Big words to say that it can be accessed from any chain, and is optimized for yield tokens like LP tokens, that can be used for lending and borrowing.

They are starting out w/ Curve, Frax, Convex, and Aura LPs.

The goal is to give users greater capital efficiency through peer-to-peer lending while optimizing yields.

So assets like $cvxCRV, $auraBAL et al, could get better yields while being collateral for stablecoin loans.


How is Curvance creating value for users?
__

Decentralized Lending - A peer-to-peer lending contract that lets users provide liquidity and borrow stablecoins with fair market rates.

They'll do this using a multi-pool lending market model loosely based off of Compound's model

Curvance's model is an inbetween of @AaveAave V2 and @compoundfinance V2 and the completely isolated pool model of Compound V3.

This model makes sure the risks and potential flaws of those models, are no longer present in @Curvance's version.

How does this work in practice?

Well Yung Padawan, when you deposit in Curvance's smart contracts redirect the supplied assets back into their respective protocol to earn a yield while you borrow against it.

For ex, $cvxCRV would be sent back to Convex and u get a cToken

This cToken is representative of your share of the pool and can be used as borrowing collateral if you wish.

Curvance also applies a fee for all collateral deposits on the platform.

This fee goes towards the protocol reward flywheel by distributing it to $veCVE token lockers!

The next value driver is their token, CVE. CVE is obvi a governance token that will have voting on things like pool gauge weights, collateral eligibility, lending assets, and platform fee rates/distribution.

Circ supply on CVE will be 72,670,369.60

Max supply is 420,000,069 lol

$veCVE will also receive real yield in the form of $wETH.

Worth saying that veCVE will have a lock time of one year.

To combat the issue of re-locking, veCVE will come with a continuous locking function to keep yourself at maximum voting power.

There is also bribe potential ;)

But the real value driver here, the coup de grace if you will, is their leveraging of @LayerZero_Labs's Messaging and @StargateFinance's tech.

Curvance has both their vote escrow system and their gauge system leveraging this tech.

This is important. But, why?

Because this means you can lock CVE as veCVE on any chain (yes, **ANY**) and vote for any pool on **ANY** chain.

Especially cause you have to consider how many people are Gas poor so they exist exclusively on L2s. Now they have a chance to earn mainnet fees with less gas fees 🔥

As if Curvance wasn't doing things a bit different anyways, they're joining their Omnichain brothers-in-chad at @tapioca_dao in doing a Call Option #Airdrop.

To receive the airdrop (aka the call option) you have to deposit capital or skin in the game, to receive the tokens.

To explain this mechanism would involve much more coffee than a heart is allowed so I must redirect you to their docs for my safety:

https://docs.curvance.com/cve/cve-token/tokenomics/cve-call-options

There was also a partnership announcement to be cognizant of and that's the one with @Entanglefi!

Entangle tries to solve liquidity fragmentation and to make sure liquidity is most efficiently used!

Perfect partner for @Curvance!

https://blog.entangle.fi/resolving-liquidity-1-curvance/

Wanna get involved?

Seems like they have an incentivized testnet occuring in June with an estimated Beta Launch of August, and then full launch shortly after that.

DeFi Gigachads:

@rektdiomedes
@Chilla_ct
@defi_mochi
@CryptoKoryo
@0xCrypto_doctor
@2lambro
@0xFlips
@pt1mfv_
@DeFiMinty
@Subli_Defi
@0xsurferboy
@crypto_yuvi
@burstingbagel
@DAdvisoor
@defiprincess_
@francescoweb3
@Louround_
@CJCJCJCJ_
@crypthoem
@thelearningpill
@VirtualKenji

@0xSalazar
@WinterSoldierxz
@_FabianHD
@jake_pahor
@kindahangry
@Slappjakke
@arndxt_xo
@CryptoShiro_
@Flowslikeosmo
@crypto_linn
@rektfencer
@NNovaDefi
@OvrCldJonny
@0xShinChannn
@DefiIgnas
@Auri_0x
@0xFastLife
@stakedqueen
@0xAtomist
@defipleb
@0xrelied


The CREAM of Curve-related Matters

The peak of the Hyper VLP Program coincided with $VELA soaring to heights of $7.75.

They say history doesn't repeat itself, but it often rhymes.

With the new Hyper VLP 2.0 launch, here's everything you need to know in 10 short tweets ⤵️


.@vela_exchange had a very successful beta with VLP and gave early participants a ton of great rewards and kickstarted the economics behind their leverage trading exchange.

But HyperVLP was paused after the beta to work on some of the infra behind and allow more people in on it.

2.0 will allow prior HyperVLP participants from the beta to come back at the same tier they minted and held at.

Only minters who had remaining Hyper VLP amounts during the Beta's ending qualify to reclaim their previous tier allocation.

So if you didn't get a chance to participate in the last HyperVLP program, you'll get a chance to guarantee your allocation now.

But if you did mint and hold during the Beta, you'll get a 1 month grace period to provide the same liquidity and continue earning $VELA.

And if you're in the first 30mil minted during 2.0 (excluding the Beta Holders) than you'll be rewarded with bonus esVELA over a 12 month period.

Here's a quick look at the Hyper VLP 2.0 Tiers

Tier 1: 2M VLP → 0.06 esVELA per VLP

Tier 2: 4M VLP → 0.05 esVELA per VLP

Tier 3: 6M VLP → 0.04 esVELA per VLP

Tier 4: 8M VLP → 0.03 esVELA per VLP

Tier 5: 10M VLP → 0.02 esVELA per VLP

Early LPers will have access to higher reward tiers.

Now like the Beta, the official launch will have gated access based off of 3 stages.

During this access, you would have access to both HyperVLP 2.0 and live trading.

Here is how that gated access looks:

• Early Access 1 (2 days): BETA VLP holders*, who were holding more than 100 VLP when the BETA closed down.

• Early Access 2 (2 days): Lucky winners of the early access sign-up.

• Public (14 days)

And if you were among the BETA VLP holders with more than 100 VLP during the closing of BETA, you will have a guaranteed spot in Early Access 1 for the Official Launch.

You will not only be able to mint Hyper VLP 2.0 before anyone else but also start trading on the platform too.

Interested?

Register your interest here: http://vela.exchange/early-access

Hyper VLP 2.0 Launch: Everything You Need to Know in 10 Tweets

Here I am standing on the precipice like Frodo at Mt. Doom, looking downwards at my potential destruction. I close my eyes as it swoops down at me, closer and closer until....nothing?

A winged bird with a sign saying ALPHA has come to save me with its projects to keep an eye on!

Alpha bird has saved me from potential destruction by boredom, and in order to repay this legendary winged friend, I must share these projects to keep an eye on to my friends!

So here we go!

First one is @aevoxyz!

They just released a new product and boy is it a doozy!

https://twitter.com/aevoxyz/status/1658065977890996225

They made a place for you to trade altcoin options but on-chain! This is fookin hugggeeee.

This means you can run plays on Sui, Pepe, Aptos, you name it!

There are a few volume restrictions (must have minimum 10k notional to place a trade) but I know you got it like that ;)

Secondly is @neworderDAO! NEWO has been flying under the radar but they have managed to incubate a ridiculous portfolio of projects, including @redactedcartel, @y2kfinance, and @SmileeFinance!

According to this thread, NEWO has some stuff coming up soon that puts it on my radar.

https://twitter.com/homocosmico/status/1650942340763353088

Next we got the gigabrains at @tapioca_dao!

This project has all the makings of something special. In my opinion, they are doing things differently and in a smarter way, than a lot of projects that have come before them.

To get the full picture, read this thread! Its a good-un

https://twitter.com/Rancune_eth/status/1655977352369942528

Finally, we have @perenniallabs!

Perennial are doing what they can to redesign derivatives for Defi. You can use Perennial to create new markets, funding curves or even create novel financial products using/creating Perennial positions.

https://twitter.com/perenniallabs/status/1651692688176197637

Perennial is even being used as infrastructure by other projects such as @CryptexFinance and @sirenprotocol!

They are definitely one to keep an eye on just in case of a potential airdrop.

Plus you should always make it a habit to try all sorts of new protocols!

And now you have successfully journeyed through the path of potential destruction by boredom on the back of a legendary bird named Alpha!

And survived! Congratulations, you are now a certified Alpha adventurer.

CT Gigachad Tag List:

@rektdiomedes
@Chilla_ct
@defi_mochi
@CryptoKoryo
@0xCrypto_doctor
@2lambro
@0xFlips
@pt1mfv_
@DeFiMinty
@Subli_Defi
@0xsurferboy
@crypto_yuvi
@burstingbagel
@DAdvisoor
@defiprincess_
@francescoweb3
@Louround_
@CJCJCJCJ_
@crypthoem
@thelearningpill

2/2

@0xSalazar
@WinterSoldierxz
@_FabianHD
@jake_pahor
@kindahangry
@Slappjakke
@arndxt_xo
@CryptoShiro_
@Flowslikeosmo
@crypto_linn
@rektfencer
@NNovaDefi
@OvrCldJonny
@0xShinChannn
@DefiIgnas
@Auri_0x
@0xFastLife

You can read the unrolled version of this thread here: https://typefully.com/JiraiyaReal/AMx6iDO

Projects to Keep an Eye On

🧵

What makes traders fail isn't what they know, but rather what they don't know.

There is no doubt that the financial markets are highly manipulated, but few people know how this occurs.

Today, I'll give a piece of the puzzle:

In this thread, I will cover:

・Refresher of some concepts I've covered previously
・How buy-side & sell-side liquidity has been engineered in $ETH
・Where the Draw on Liquidity for $ETH is in the coming days
・Proof of Concept
・An opportunity for you to delve deeper with me

Refresher
__

If you aren't familiar with the idea of sell-side liquidity, I'd advise you to familiarise yourself with the idea by skimming through this thread.

I covered sell-side liquidity there, now I'll cover buy-side liquidity.

https://twitter.com/JiraiyaReal/status/1530574970903875590?s=20&t=XIn-ZQpCJ5S7XqaclIaJOQ

Buy-Side Liquidity
__

When referring to buy-side liquidity, I refer to buy stops & stop losses of shorts.

When these orders are triggered, traders will take on a long position (buy) and lower-level shorts are forced to cover their position (by buying).

When this occurs, it facilitates the opportunity for another party to act as the counter-party.

You are willing to buy X at Y price. Someone is willing to sell you X at Y price.

Are you following so far? Simple, right? Great!

So, where does buy-side liquidity reside?

Oftentimes, buy-side liquidity will be found above Old Highs.

This is where breakout traders will place their buy stops in anticipation of price breaking to the upside.

Simultaneously, this is where traders will place their stop losses when they go short.

How buy-side & sell-side liquidity has been engineered in $ETH
__

The chart I've attached below is Ethereum on the H4 Timeframe.

Look towards the left and note the highest high, and the lowest low that you can see then mark it out.

It should look like this.

$1347 is your buy-side liquidity level.

There will be breakout traders that expect price to rally higher if this high is taken. Simultaneously, this is where those who have went short would have placed their stop losses (if they're extra conservative).

$1070 is your sell-side liquidity level.

There are sell-stops placed below in the form of traders that anticipate a breakout to the downside, and stop losses of traders who went long seeing the lows as a "Double Bottom" (Retail Perceived Pattern).

If the Higher Timeframe Orderflow is Bearish, then by aligning these technical levels, I would assume that buy-side liquidity must be swept first prior to the decline towards the sell-side liquidity.

Why?

By pushing price into buy-side, an influx of buyers enter the market.

This offers Smart Money the opportunity to sell into those orders, building shorts at Premium Price Levels.

To profit from a short, they must buy it back at a lower price level.

They can only buy (with size) where there are willing sellers.

Where are there willing sellers? 🤔

If you said "Below Sell-Side Liquidity" or "$1070" then you're right.

I'm glad you've paid attention so far.

Anyone who went long between these price levels would have placed their stops under the intermediate lows, or $1070 if they're extremely conservative.

Where is the Draw on Liquidity for $ETH in the coming days?
__

$1148, followed by $1070, followed by $1000.

"Why?" You already know. Because there's sell-side liquidity resting below these lows.

"But, what about $1000? Is that just a random level you called out?"

ETH, 1D.
__

Look to the left...

At $1000 there is a set of lows, which will act as a Draw on Liquidity.

That's where I'm ultimately expecting price to sell down into.

I may be wrong, successful trading requires you to be nimble, flexible, and humble.

Proof of Concept
__

I showcase proof because many will have doubts. I would too, given that much of the "Technical Analysis" on Twitter is just big accounts LARPing and calling prices in both directions. So, obviously, they will get one right and showcase that.

So, here goes:

I called this potential move to my Mentorship Group last weekend, again just prior to FOMC + stated it on Twitter on Tuesday.

https://twitter.com/JiraiyaReal/status/1602648158844387329?s=20&t=uyU-qD4eUxaQlBHI-y8CKg

On November 24th, almost 1 month ago, I made a call for a rally up to $1070 also.

https://twitter.com/JiraiyaReal/status/1595654676766392320?s=20&t=4V-lyj-9jmex_aNcpWUK8A

On October 10th, I called for a rally up to $20500 on $BTC using the same concepts I explained above.

Above those highs resides buy-side liquidity. After tagging the buy-side, price reverses to tag sell-side liquidity several days later.

The list goes on..

https://twitter.com/JiraiyaReal/status/1584977493458845696?s=20&t=XIn-ZQpCJ5S7XqaclIaJOQ

This was only one piece of the puzzle, but I hope you found it insightful.

If you resonate with the logic that underpins these concepts & wish to learn more, I'll be hosting my 4th Technical Analysis Bootcamp in Jan 2023.

Here are some testimonials of my previous mentees:

https://twitter.com/JiraiyaReal/status/1573945924094599168?s=20&t=69dVvsrYI1D_jmft-5Ex4w

In a few days, I'll be opening up 20/50 spots for the Bootcamp in January, it will be first-come, first-serve.

Comment on the first post of this thread if you are interested in learning more about the course.

I'll DM you shortly.

Why Traders Fail

🪂 Confirmed #Airdrop ft. @ShellProtocol 🪂

Shell Protocol is a DEX on #Arbitrum that facilitates low-slippage stablecoin swaps and more.

The $SHELL airdrop will be airdropped to those with Shell Points.

Here are the 4️⃣ steps you must follow to qualify:

Step 1️⃣:
__

Click on: https://opensea.io/collection/bro-kwons-booty

Pick up an "Expander", when you activate these it will increase your token quota (i.e. the amount that you can LP to earn $SHELL points), these are additive.

I'd pick up the Smashed Expander (~$2) to begin with so you get the idea.

Step 2️⃣:
__

Head over to their dApp: https://app.shellprotocol.io/booty

Then locate your Expander and pay a small gas fee to activate it.

You can now start providing liquidity onto the platform to start earning Shell Points to qualify for the $SHELL drop!

Step 3️⃣:

Head over to: https://app.shellprotocol.io/points

Scroll down and select 'Stablepool' then click 'Buy'.

It's worth noting that you can add liquidity to all other pools that you see like USDC+USDT, DAI+USDC, shDAI etc.

But, these will earn you fewer SHELL points per $ invested.

Step 4️⃣:

After clicking on 'Buy' you'll get taken to a page that looks like this.

Click the '-' on the left-hand side, then click on 'shLP' on the right-hand side and select any asset that you want to zap into this shLP Stablepool.

I chose $USDC.

Then, under 'shLP' type in '50' since that's your max quota for a Smashed Expander.

Approve Token spend, then swap and you'll be automatically zapped into the pool.

Viola!

You can head back to https://app.shellprotocol.io/points and monitor your Shell Points.

To qualify for a larger drop you can:
1. Pick up more Expanders to increase your Quota.
2. Pick up powerups to boost your Shell Point earnings
3. Pick up misc items

See: https://shellprotocol.io/posts/the-tale-of-bro-kwon's-booty/

Want a bigger airdrop? Try the following:

1. Holding a Government Toucan NFT (https://opensea.io/collection/government-toucans)

2. Voting on the snapshots Governance Proposals (https://snapshot.org/#/shellprotocol.eth) - only Toucan holders can vote.

3. (Possibly) holding miscellaneous items from Bro Kwon's booty

Shell Protocol Airdrop

In the last 6 years, I've spent hundreds of hours voraciously reading trading books to improve my edge in the markets.

I found most of them a waste of my time, often reverberating the same points.

Here is a distilled list of books I recommend every aspiring trader to read:

The Mental Edge in Trading by Jason Williams
__

Jason, son of legendary trader Larry Williams, delves into the critical link between successful trading & personality traits & the importance of aligning the two for more consistency in trading results.

Think and Trade like a Champion by Mark Minervini
__

Whilst I don't resonate with his Technical System, I really like how his methodical approach to:

1. Amplifying profits without increasing exposure
2. Building +EV strategies
3. Managing & Mitigating risk as the trade develops

Trade like a Casino by Richard Weissman
__

When you step into a casino, you can only be the player. When you step into the markets, you can be the house.

To ensure profitability, the house has table limits, a statistical edge, and plays infinite hands.

Trade like a Casino.

One Good Trade by Mike Bellafiore
__

Want to get a glimpse in the competitive world of proprietary trading? Read this.

Learn how you can use some of the strategies developed within this firm to further your trading career.

Build your portfolio One Good Trade at a time.

Reminiscence of the Stock Operator by Edwin Lefèvre
__

This story is about Jesse Livermore who amassed a fortune of $100m trading stocks independently, only to lose it all several times in a row.

He mentions how it was often more profitable to go against 'insider hints' 👀

I didn't resonate with any of the TA elements outlined in any of these books.

However, I did advance quickly in my journey as I assimilated valuable lessons & approaches by leaning on scientific research, proven mathematical models, and the experience of these individuals.

Books every aspiring trader must read

A powerful skill that changed my financial position forever.

Trading.

But, 90% of traders fail because they aren't equipped with the necessary information before they start their journey.

Here are 5 things you should know before you start trading:

1. Trading is the hardest way to make easy money.
__

If you think that you're going to go from flipping burgers to flipping $500 to $50,000 one week after taking a weekend trading course, reframe your expectations.

Those who turnover $1000s per trade have substantial capital.

2. Risk Management isn't optional, it's paramount.
__

Define how much you're willing to lose before you engage the market. If your bankroll hits 0, you're out of the game.

You'll have to get back to flipping burgers to accumulate capital to try again.

Keep your losses small.

3. The learning curve is steep.
__

There are more elements to trading than Technical Analysis.

ie. trade management, stop loss placements, taking partials, managing your emotions.

Trade lightly to survive the learning curve.

4. If you fail to plan your trades, you plan to fail.
__

What asset classes will you focus on?
What days of the week will you scout for setups?
What are your rules of engagement?
Where will you cut your loss?
Where is your objective?

If you fail to plan, you plan to fail.

5. Mentors are invaluable.
__

Mentors offers years of experience for you to lean on. They identify gaps in your understanding, flaws in your logic, and emotions you fall victim to. They can course-correct you.

They will cut down your learning curve tremendously.

Choose wisely.

I'll be posting a lot of FREE content in the coming weeks to take your trading to the next-level.

Huge opportunities are coming next year, equip yourself with this skill so you can take full advantage of what is to come.

*ahem* Bull markets in Soft Commodities 👀 *ahem*

A powerful skill that changed my financial position forever

Decentralised Perpetual Trading Platforms like $GMX & $GNS have had a lot of success since they're situated on popular chains like #Arbitrum, #Avalanche, and #Polygon respectively.

However, there hasn't been much talk about Perps platforms on #Aurora & #Optimism..

🧵

Disclaimer
__

This thread is sponsored by @nex_market, I have been paid to test & review their platform. In return, I have promised to give honest feedback on my findings.

I do not hold their native token $NIT at the time of writing. 

Please DYOR after reading this thread.

NEX is a Decentralised Perps Platform that supports leveraged trading of $BTC, $ETH, $OP and $NEAR. You can employ a leverage of 1.1x up to a maximum of 50x. 

Similar to $GMX on #Arbitrum, NEX uses the same model for pricing & liquidity. 

NIT
__

Liquidity Providers can earn #RealYield by depositing $BTC, $ETH, $OP or $USDC. In return, they will mint $NIT (Nex Index Token) which accrues 70% of protocol fees ( ~69% APR at the time of writing). This is paid weekly in $USDC.

NIT is weighted 20-20-20-40 respectively.

NIT holders act as the counterparty of traders, profiting when traders lose. Naturally, this means that they will lose when traders profit.

However, the 90/90/90 rule of the industry dictates that 90% of traders lose 90% of their capital within the first 90 days.

This means that $NIT could be a great hold if you're optimistic about the general landscape of Crypto (i.e. you expect $BTC, $ETH and $OP) to appreciate whilst capturing yield generated by the protocol.

NEX Bridge
__

After a successful launch on #Aurora, NEX have recently deployed on #Optimism.

They're building the NEX Bridge which aims to maximize the utilization of the NIT Pool by facilitating the management of liquidity of multiple chains from one vault. #Arbitrum soon? 👀 

FX
__

Alongside the NEX Bridge, they're looking to support FX Trading soon too. The Foreign Exchange Market is the largest financial market on the globe that turns over trillions of dollars per day.

By tapping into this market, they open doors to many FX Traders like myself.

Hybrid Perpetual Platform
__

NEX seeks to build a Hybrid Perpetual Platform by combining & integrating the advantages of liquidity provided by NIT and an Orderbook.

This synergy unites the advantages provided by CEXs & DEXs, improving the user experience for all traders.

Links
__

Twitter: https://twitter.com/nex_market @nex_market
Website: https://nex.market/
Docs: https://docs.nex.market/nex/
Audit: https://docs.nex.market/nex/ecosystem/audit


You can read the unrolled version of this thread here: https://typefully.com/JiraiyaReal/RopBl9h

NEX Market

[🧵 + #GiveawayAlert] ft. @YIELDTREES

🎁 100 $USDC

To Participate:
1️⃣: Follow @JiraiyaReal & @YIELDTREES 
2️⃣: RT & ❤️
3️⃣: Tag 2 friends!

72hrs
__


Deforestation is a by-product of agricultural expansion, wood extraction and urbanization. 

🧶 

Research has shown that planting trees is one of the most important & effective ways to tackle global warming. Trees act as a carbon sink, absorbing CO2 emissions that are emitted as a by-product of human activities.

Heightened CO2 emissions also threaten the oceans - another carbon sink. As more CO2 is absorbed, the pH of the water decreases, which impacts the ability of corals to grow their skeletons. Heat stress also leads to coral bleaching etc.

Long story short, deforestation = bad.

Forest Financial envisions to tackle the global Climate Crisis by contributing towards reforestation.

They plan to achieve this via three phases:

Phase 1️⃣: YieldTrees, $FOREST, $ROOTS
Phase 2️⃣: Evergreen NFTs + $FRUITS
Phase 3️⃣: Forest Academy & Growth Campaign

Phase 1️⃣: YieldTrees, $FOREST & $ROOTS
__

The Native Token of this ecosystem is $FOREST.

7.5 $FOREST + 2.5 $FOREST in $AVAX is used to mint a YieldTree. Upon minting a YieldTree, a Forester NFT is also minted which is responsible for taking care of the tree - for a monthly fee.

This monthly fee is equivalent to 0.2 $FOREST to be paid in $AVAX. 

Your Forester will ensure that the YieldTree is healthy, producing 0.1 $FOREST per day. After RoT (100 days), the emissions decay linearly, -0.002 $FOREST/day down to 0.06 $FOREST/day.

$FOREST
__

$FOREST can be...
- claimed (10% tax)
- compounded into more YieldTrees (tax-free)
- exchanged for $ROOTS (tax-free)


$ROOTS
__

$ROOTS can only be bought from the protocol via its internal swap platform.

$ROOTS is a low-risk investment opportunity which generates a guaranteed profit when held long-term.

How?

$ROOTS has a backing price -> Total value of the treasury / Tokens in circulation.

The treasury is composed of Stablecoins and functions as the LP for this token which generates fees on each buy & sale transaction.

The rest will be invested into low-risk DeFi protocols, gradually increasing the treasury over time and thus the price of $ROOTS.

Buying / Selling $ROOTS
__

If you wish to buy $ROOTS, you will pay a premium of 1.2x - 1.5x (depending on demand of $ROOTS)

If you wish to sell $ROOTS, you will sell at a discount of 0.6x - 0.9x (depending on sell pressure of $ROOTS)

The difference feeds into the treasury. 

Forester HQ
__

The Foresters are housed within a Forester HQ, each HQ can house between 5 - 15 YieldTrees. HQs start at Level 1, housing 5 YieldTrees and scale up to Level 3, housing 15 YieldTrees.

Each wallet can have max 5 Forester HQ @ Level 3, thus a total of 15 YieldTrees

Reward Boosters (Core NFTs)
__

Core NFTs can be bought off the secondary market (tofuNFT, NFTrade etc) - these can be attached to your YieldTrees to boost the daily return.

There are three tiers:
Tier 1 - +0.01 $FOREST/day
Tier 2 - +0.025 $FOREST/day
Tier 3 - +0.06 $FOREST/day

Future Phases (2 & 3)
__

After launching, they will be moving into the 2nd phase of the protocol, which includes the launch of Evergreen NFTs (NFT representations of real trees that have been planted w/ pictures & geolocation tags) via their partnership with Treedom.

A new..

token called $FRUIT, which will have its own treasury with various investments into reforestation projects. 

Phase 3 entails Forest Academy - a platform designed to reach out to & educate traditional investors on Forest Financial, Forest Marketplace & Growth Campaigns.

Affiliate Program
__

There's an affiliate program that rewards the community for referring their friends & family to this initiative. When you mint an Evergreen NFT, a unique link is made available that you can share which offers 10% discount to new users + more $FOREST for you.

Concluding Comments
__

Global warming is a very real problem that has great systemic risk on various habitats & ecosystems. In Traditional Business, every big corporation has initiatives that contribute towards their Triple Bottom Line, something clearly lacking in DeFi.

I strongly believe that every protocol should have a % of their generated revenues directed towards tackling global issues (hunger, deforestation, ocean acidification, malaria etc). 

I hope to see protocols like this set a new standard in not just DeFi, but in all of Crypto.

Risk Disclaimer:
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Investments into Cryptocurrency & financial instruments carries great risk, you may lose all your funds.

Threads & Giveaways are not endorsements.

Please conduct your own research to validate the points aforementioned.

You can read the unrolled version of this thread here: https://typefully.com/JiraiyaReal/XA4ZuOf

🧵: Forest Financial

🧵: @GMX_IO - Decentralised Perpetual Exchange
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This dApp is built on top of #Arbitrum, a Layer 2 scaling solution. 

It has facilitated over 45 Billion Dollars of trading volume since its inception.

Here's a short thread to familiarise yourself with this platform.

🧶 

Arbitrum Odyssey: Week 2
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As outlined by @OlimpioCrypto's recent thread, GMX is one of two protocols you must interact with this week to qualify for the airdrop.

https://twitter.com/OlimpioCrypto/status/1541733922823966727?s=20&t=ND-Gw90Ids-EpNKRcPRRUw

There are 3 tasks this week:
1️⃣: Perform a swap
2️⃣: Mint $GLP
3️⃣: Open a leverage trade

1️⃣: Perform a swap
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Head over to https://gmx.io/trade and connect your wallet - make sure you're connected to the Arbitrum Network.

On the top right, head over to "Swap" and swap at least $10 worth of tokens.

I'd suggest swapping for some $wBTC or $UNI.

Why?

2️⃣: Mint $GLP
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What is $GLP?

$GLP is the liquidity provider token that is composed of a basket of assets (see below). $GLP can be minted using any of the assets listed. The fee you pay to mint is based on whether your deposited asset helps to balance the index, or not.

To mint, click on: https://gmx.io/buy_glp, on the right-hand side you can see that minting $GLP with $wBTC or $UNI can be done with 0 fees. 

Why?

The pool is weighted unevenly, with a suboptimal distribution in $wBTC and $UNI - hence, my recommendation (trying to save you $)

3️⃣: Open a leverage trade

Head over to https://gmx.io/trade and you'll be met with a platform that looks like this..

Notice it says "Long" and "Short" on the top-right hand side.

To go "Long" is to open a position with the expectation that price will appreciate. Vice-versa.

To open this position, you must deposit some collateral in the form of $BTC, $ETH, $LINK, $UNI, $USDC, $USDT, $DAI, $FRAX or $MIM.

Then, you can drag the leverage slider - it starts at 1.1x and scales up to 30x.

(If you're not familiar with how leverage works, I'd suggest 1.1x)

Let's assume you deposit $10,000 $USDC and apply a leverage of 2x - your purchasing power increases by two-fold. 

You're putting down $10,000 to borrow $20,000 to "Buy Bitcoin" - *if* price appreciates, you'll "Sell Bitcoin" and pay back your loan and pocket the difference.

If price moves down and hits your liquidation price, your position will be liquidated & collateral is used to pay back your loan.

Leverage is very much a double-edged sword. It magnifies both your gains & losses.

Use it wisely, it's a powerful tool that comes with great risks.

Concluding Comments:
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To qualify for 1 of the NFT airdrops this week, you just need to perform the three simple actions that I've broken down for you. 

Interested in learning how to trade for a living and/or mouth-watering food pictures? If so, don't forget to turn on that 🔔