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Derek
@derekalia.eth
Win up to 10,000 DEGEN 🎩 reply below with the most innovative and effective idea for a degenerate strategy using onchain protocols within 24hrs of this cast ⏳ The idea should use primitives such as lending, perps, swaps, LP, or NFTs. The most liked strategy wins! Everyone is welcome. Good luck🤞 @bountybot
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Derek
@derekalia.eth
Objective: Submit the most innovative and effective (high-risk, high-reward) strategy using on-chain protocols. Rewards: 1st Place: 10,000 DEGEN 2nd Place: 2,000 DEGEN 3rd Place: 1,000 DEGEN Selection Criteria: The winner will be chosen based on the number of likes their strategy receives from the community.
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SonOfMosiah
@sonofmosiah.eth
Delta Neutral Degen LP rewards: 1. Deposit USDC on @teller and Borrow DEGEN and WETH 2. Create DEGEN/WETH LP Position on @uniswap Yield while fees + LP Rewards > borrow interest rates
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jun
@junnn.eth
This is my strategy. Get a $degen point with provide a lp on uniswap v3. Put 2 pairs, degen/eth and eth/degen to get an impermanent loss, so if $degen dump your eth will increase, eth dump your $degen will increase, also you get an fees from the traders when they make a transaction and you got point from your lp.
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ilya
@thats-on-god
Introduce an element of NFT collateralization to the strategy. Mint NFTs representing fractional ownership of the LP position created earlier. These NFTs can be used as collateral to borrow additional DEGEN tokens from lending protocols, allowing for further leveraged positions in both yield farming and perpetual swaps
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Tyga
@tyga
Mint a NFT where X% of the purchase price is converted to a perpetual on a certain token, say
[email protected]
. (At minting date the market rate of $degen was $1.01). You have portal to burn the NFT in exchange for the market rate of the position. Now you can transfer your position to anybody with a wallet.
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0x94t3z 📟 ✦⁺
@0x94t3z.eth
I recommend this one ⌁ - Swap $ETH > $DEGEN using Frame 🫡 Why? It's make us lot of easier to Swap instead of go to some DEX. ⏏︎ Here's the example by @airstack.eth 🫡 https://share.airstack.xyz/s/1GM
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