@thatsKAIZEN Too many people have been mislead into not thinking or never taught critical thinking. That's why. It's all in the paradigm, the set of habits, beliefs and behaviors of an individual.
@elonmusk Elon, you must have sat down with your marketing hat on and said, OK how can we attract as many nerds to apply as possible... 🤔 Got it! Let's make an anime Ai big-chested woman to tell them! Bingo! Lol 😂
You can get 10% fixed ROI on stables or 500% APR on stables right now.
Let me explain
Those paying attention know there's a 10% discount on $wUSDM on @MantaNetwork
There's also a 10% discount on $STONE (effectively an ETH LST)
There are millions of dollars committed to arbing and LPing the STONE/ETH situation.
But no one is giving any time to $wUSDM.
Now, I imagine that's because no one wants stablecoin exposure in a bull, and I don't blame them.
But remember, you can always borrow stablecoins against your ETH or BTC or whatever else.
Then all your yield is effectively on your blue-chip collateral.
I've written extensively on why $STONE and $wUSDM are depegged, so I won't repeat that:
x.com/thecalcguy/sta…
But if you do want to farm the airdrop, here's a permanent referral code:
newparadigm.manta.network/?inviteCode=DH…
wUSDR is a yield bearing stablecoin created by @MountainUSDM and backed by treasury yields (IIRC).
It trades for 1:1 on @CurveFinance on ETH mainnet.
However, because you can't bridge wUSDM back to ETH until March 10th, it's deeply depegged on Manta.
So people interacting with wUSDM on Manta are basically doing one of two plays.
1) Bridge over USDC using the new paradigm bridge to farm the Manta airdrop (converting it to wUSDM) and wait 70 days to bridge back.
2) Bridge USDC to Manta using bridges like @rhinofi, then buy wUSDM 10% below spot price and redeem it 70 days later to close the arbitrage.
But there's a 3rd option everyone is ignoring.
3) LP USDC/wUSDM on @ApertureFinance for an average APR of 500%.
Granted, super low liquidity, so this can get diluted fast.
I love the STONE arbitrage play (10% ROI on ETH in 70 days is amazing).
I love STONE/ETH LPs on @izumi_Finance and @ApertureFinance.
As those LPs get diluted and everyone settles into the arbitrage play, why not be a little fancy with your ETH plays, borrow some stables and farm some wUSDM?
And, of course, if you want to be on the cutting edge of DeFi and DeFi strategies, come and join the DeFi Dojo Discord.
whop.com/defi-dojo/
@EndWokeness Some people in general have these qualities, not everyone from a specific race or ethnicity. I'm white but it doesn't mean I'm a thieving oppressor, in fact quite the opposite. When I see people in general I see a human being who has their own free will to choose who they are.
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