Top 0.2% rank on @solsticefi now
So the alpha is to provide liquidity on the USX/eUSX LPs as you get 10x multiplier on Flares
Here was my process:
1. Convert USDC/USDT to USX
2. Lock up USX to get eUSX
3. Create LP position with $1K eUSX + $1K USX
4. Benefit from both the 10% APY on eUSX + 10x multiplier on Flares (maximising $SLX airdrop + yield)
For extra Flares:
Partner code - RAYDIUM
Invite code - elisa (lowercase)
I deposited $10K on @solsticefi to farm yield + airdrops
Currently Top 1.3% rank
Thesis:
- Solana-native stablecoin protocol
- Still early given $181M TVL
- Backed by $1B digital asset investment firm Deus X Capital
- If we benchmark with $ENA on Ethereum ($4B MCAP, $9B FDV) + assume that "beta plays" do 1/4 in terms of performance, that would place $SFX ~$1B MCAP
- Post-TGE protocol revenue will fund buybacks
- InfoFi rewards via Xeet (1% total $SLX supply for Top 100)
Guide:
- Accumulate Flares to climb the leaderboard
- 7.5% total $SLX supply reserved for early participants + allo for Flares grows as TVL increases
- Deposit to farm stablecoin yield (if you lock over $1K worth it'll take 7 days to unlock, under $1K it's 24h) or provide liquidity with 2 sided LPs (be careful with impermanent loss)
- Create content + complete tasks via Xeet platform for the InfoFi part
For extra Flares:
Partner code - RAYDIUM
Invite code - elisa (lowercase)
24.13K
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