Itachi
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Itachi retweetledi

Binance Wallet X CreatorBid campaign is live! 🪂
8,000,000 $BID token rewards await in this special campaign (ONLY VIA MOBILE) with @BinanceWallet.
-> SWAP $AGENT
-> Become a member (lock tokens in Memberships)
-> Complete social tasks
Join the link below VA MOBILE to participate:
👉 binance.com/en/web3-campai…

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go to creator.bid/agents and lock some tokens guys 🚀 possible $BID airdrop
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$DRIFT (Drift) "x.com/DriftProtocol"
socials
• social heat around $DRIFT is moderate. the average engagement per post in recent days, including likes, reposts, and other interactions has increased by 83.71% over the past 2 days, despite a downward trend in overall engagement.
• the project recently has drawn attention from 3 smart followers, including "x.com/Luyaoyuan1", "x.com/MiKeMeUpP", and "x.com/lvxuan147".
• followers on twitter is stable with an average of 737 new followers per day, currently at 118.2K.
• social metrics show weak growth, with 361 total engagements in the past 7 days. the follower count surged by 0.63% over the past 11 days, indicating steady community interest.
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Freshly opened an exclusive channel where I post what my insider wallets are buying.
Last night was cool
$dodo 144k --> 1m2 (8.33x)
$minu 112k --> 650k (5.80x)
$snibbu 252k --> 2m2 (8.73x)
$shrek 220k --> 900k (4.09x)
$stick 300k --> 2m1 (7.00x)
Happy to see my community eating on these insider plays❤️




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Delegate to InfStones-the most rewarding operator on #EigenLayer! Earn loyalty points and tap into a $1,000,000 giveaway PLUS potential partner airdrops!
Follow this link to start earning: infstones.com/points?ref=687…
#InfStonesLoyaltyPoints #1MillionGiveaway
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@CryptoWithNick @airpuff_io Bro you’re paying tons of interest rate on your leverage position.
I get it’s a sponsored post but please insert these “details” in your analysis or people get hurt
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Airdrop April is just beginning.
This year, I've made over $30K+ in airdrops through this one strategy: leveraged farming.
Complete guide on how you can use @airpuff_io to create the best airdrop strategies.
Leverage farming, stack points, airdrops, and token launches!

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@FIP_Crypto @pendle_fi So you buy when you think implied yield is low?
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Holding LRTs is not enough.
To score big airdrops from Kelp, Renzo, or the rest:
You have to use @pendle_fi's 'degen' Yield tokens (YTs).
After spending a week unravelling their secrets:
I threw $740 in Renzo and Kelp YTs.
Here are my results after 5 days:
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Pendle is probably one of the most complex DeFi platforms I've encountered.
I still do not fully grasp how it works, but here's what I understand (please correct me if I'm wrong):
Pendle is a yield-trading protocol that helps you maximise your yield.
Just like token prices, the yield of tokens (e.g. staking ETH) fluctuates over time.
E.g. the estimated yield for ETH is 2.75%, but you do not get a constant 2.75% yield every day.
There are 2 types of tokens issued by Pendle:
❍ Principal Token (PT): earn fixed yield, 1 unit of the original asset is redeemed at the maturity date
❍ Yield Token (YT): longing yield, you receive the yield of 1 unit of the original asset until the maturity date, claimable in real-time
pendle.gitbook.io/pendle-academy…
PT is the 'boring' play since we do not earn any EigenLayer or LRT points.
But it does have an excellent yield if you want to accumulate ETH.
Meanwhile, YT is a risky and degen play.
But this is the ultimate tool to boost your airdrop points:
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How does YT work?
When buying a YT token, we increase our exposure to the yield accrued by the token.
In the case of LRT tokens, yield is defined as:
❍ LRT staking yield (from staking ETH)
❍ EigenLayer points
❍ LRT airdrop points
YT tokens are cheaper than the underlying asset, so you buy these tokens at a discount.
While you get leveraged yield exposure without any borrowing involved.
(I'll explain more with examples later)
Based on Pendle’s docs, there are 2 ways to earn from YT tokens:
❍ The price of the YT rises
❍ The yield produced by the YT is > the cost of buying YT
But here's the problem with a YT:
The price gradually falls over time to zero upon maturity.
You will earn the leveraged yield and points generated from the YT you purchase.
But your investment eventually goes to zero.
This is why the yield for all LRT YTs is -100% upon maturity.
Once the YT reaches its maturity period:
Your initial capital is lost.
But like we saw with wallets using the YT strategy with @ether_fi:
They earned more than a 100% return.
Take @CC2Ventures' $2k ETH deposit, where he received:
❍ 1300 ETHFI ($4.6k at the current price)
❍ Leveraged EigenLayer points
x.com/cc2ventures/st…
Not a bad return considering we have not factored in the price of an EigenLayer point yet.
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The risks of the YT strategy
Before apeing into this strategy, here's the most important factor to consider:
The points you earn have an unknown value, so you may not make back the amount you deposited.
By purchasing the LRT's YT token:
You're betting that the LRT and EigenLayer points earned are greater than the initial capital used to buy the YT.
We don’t know how much 1 LRT and EigenLayer points are worth, so we're gambling that the returns are higher.
And if you're not comfortable with this risk:
I'd suggest buying a small amount to try it out (just like I did).
But here’s the good news:
It's also possible that the price of the YT may increase.
According to Pendle's docs:
"If the market thinks its future yields and points are worth more than what YT is trading at, YT should see demand, driving its price up, and vice-versa."
You can swap out your YT tokens back to any token if they shoot up in price.
This has already happened to rsETH on Arbitrum, when the implied yield rose to 60%.
Those who bought the YT at a lower implied yield are in profit:
x.com/pendleintern/s…
(I experienced this too with my holdings which I’ll share later)
@PendleIntern explained how implied APY represents the price of a YT:
x.com/pendleintern/s…
Now that we (sort of) understand what's happening on Pendle, here's what I did:
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How I interacted with Pendle (on Arbitrum)
P.S. You can swap into the LRT YTs with any token, and not just ETH. But there may be some slippage involved.
#1 ezETH
app.pendle.finance/trade/markets/…
Maturity: 27 Jun 2024
I swapped 370 USDT (0.114 WETH) for the 1.136 of the YT token.
Implied yield at purchase: 48.11%
Gas fee: $0.09
This means that I'm earning a yield equivalent to 1.136 ezETH restaked with @renzoai.
While the underlying asset is only 0.114 WETH.
So this gives me ~ 9.96% leverage in the yield I receive.
It got crazier when I bought 370 USDT of rsETH:
#2 rsETH
app.pendle.finance/trade/markets/…
The maturity is at an earlier date (25 Apr 2024), so my leveraged yield was way higher.
I swapped 370 USDT (0.116 WETH) for the 3.012 of the YT token.
Implied yield at purchase: 49.25%
Gas fee: $0.09
This means that I'm earning a yield equivalent to 3.012 rsETH restaked with @KelpDAO (25.96x leverage).
Gas fees are low on Arbitrum, so you can try out this strategy even with low capital.
After 5 days, here are my returns from both YT tokens:
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The results
#1 ezETH
❍ Capital: 0.114 ETH → 0.122 ETH
❍ Implied yield: 48.11% → 55.44%
❍ Claimable yield: 0.0003812 ezETH
My Renzo and EigenLayer points have not been updated on the dashboard yet.
#2 rsETH
❍ Capital: 0.116 ETH → 0.118 ETH
❍ Implied yield: 49.25% → 60.78%
❍ Claimable yield: 0.001351 rsETH
❍ EigenLayer points: 336.813
❍ Kelp miles: 361,980+
From what I understand:
The claimable yield is the leveraged staking yield you receive.
So I’m getting this yield from staking a leveraged 3.012 rsETH and 1.136 ezETH.
While my position's value is supposed to be decreasing:
I'm in profit for both positions since the implied yield has increased from the time I bought the YTs.
You may earn some ARB STIP incentives too (I received 0.642 ARB):
app.pendle.finance/arbitrum/dashb…
But what about LRT and EigenLayer points?
If your points are not updating on Renzo or Kelp:
This is perfectly normal.
Both Renzo and Kelp mentioned that it takes time for L2 points to be included in their dashboards.
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Final thoughts
I skipped Pendle on the Ethereum mainnet given my low capital and expensive gas fees.
But now that you can earn Kelp Miles and ezPoints even on Arbitrum:
It’s perfect to experiment with Pendle even with low capital.
I hope this helps to clarify any doubts you have regarding this crazy leveraged strategy.
But feel free to ask any further questions about it below.
Thanks for reading!
If you want more like this:
1. Follow me @FIP_Crypto
2. RT this post
3. Check the link in my bio




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@FIP_Crypto How can they track withdrawals from CEX? Bybit for instance has a general universal
Wallet right?
Deposits tho are riskier. Let me know if I’m wrong
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I was massively disappointed to miss out on the Wormhole airdrop.
But after reading through the public criteria:
I finally know where I went wrong.
Here are the mistakes I made and the key lessons learned that can be applied to future airdrops (like LayerZero):
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Mistake #1: Not generating enough volume
I was stingy and only bridged over the minimum amount per transaction.
But Wormhole had a threshold of > $1,500 cumulative volume to qualify.
So why did wallets with just $100 in volume qualify?
Wormhole created a wallet cluster across EVM, Solana, and other networks to determine your cumulative volume.
So long as the total exceeded $1,500, your wallets would qualify.
I only had $100 in cumulative volume, so there’s no chance that I would get the airdrop.
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Mistake #2: Not being early
Wormhole awarded early adopters of their application, even giving a bonus multiplier to user activity during the first year of their mainnet launch.
Furthermore, the $1,500 threshold was lowered for ‘early and consistent ecosystem protocol users’.
Wormhole has been around since 2020, but I only started airdrop hunting in 2023.
It always pays to be early to any ecosystem, just like how I got the VOYA airdrop by bridging to Merlin:
x.com/fip_crypto/sta…
Whenever a new chain or project is released:
I recommend interacting as early as you can if you have the capital.
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Mistake #3: Interacting with 'non-official' DApps
Based on the previous blog post, it seems that only interactions with official ecosystem DApps were counted in the airdrop.
I interacted with Merkly and Mintly, and both were not listed on the Wormhole ecosystem page.
While the transaction appeared on Wormhole Scan:
Likely, my interactions did not improve my standing for the airdrop.
Apart from these mistakes, I had some takeaways after reading the blog post:
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Takeaway #1: Don’t make mistakes that risk being labelled a Sybil
Some of the Sybil activities Wormhole analysed include:
❍ Source of funding
❍ Repetitive actions performed over time and at similar intervals of another wallet.
❍ Rapid sequential transactions of identical token amounts
Wormhole even went to the length of analysing fund transfers from CEX wallets to identify Sybils.
If you’re engaging in multiple wallet farming:
Avoiding Sybil detection is easy, but troublesome.
Here are my main tips:
❍ Treat each wallet as a separate entity and never mix funds between wallets
❍ Space out your withdrawals from a CEX
❍ Never withdraw the same amount to multiple wallets
❍ Don’t do the same tasks across multiple wallets with the same amounts.
If you behave like an organic user, then you won’t be labelled as a Sybil.
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Takeaway #2: Zealy grinds are not worth it
Wormhole only awarded an airdrop to the top 509 Zealy participants.
I checked out their leaderboard, and #500 earned 11,155 XP.
(Meanwhile, I'm ranked #188,897 with 1150 XP).
A glance at the Zealy questboard showed that the highest XP you could get per quest was 500.
I remember most accounts telling you to complete quizzes on the Zealy questboard.
But this can be done at scale and is too easy to deserve an airdrop allocation.
Unless you are time-rich but capital poor:
Zealy tasks are most likely a pointless endeavour.
It will be a better use of your time to find other ways to earn capital for airdrop hunting.
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So how can we apply this to LayerZero?
#1: Early users may have higher rewards
LayerZero has been around for years, so I’m at a disadvantage as I only started using it in 2023.
Late users may receive a lower allocation if they follow the same logic as Wormhole.
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#2: Volume always matters
It’s always best to generate as much volume as you can
Given the sheer number of wallets that interact with LayerZero:
They may use volume as a major filtering criterion.
If that’s the case, my $100 wallet risks being excluded due to the limited volume I’ve bridged over.
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#3: Prioritise interactions with official DApps
LayerZero has a list of official ecosystem DApps:
layerzero.network/ecosystem/dapps
Only 95 DApps are listed, and one notable exclusion is L2Marathon.
(And some other random NFT bridges like Mintly that I interacted with last time).
In this case, Merkly is listed so you don’t need to worry that your transactions don’t count.
But before interacting with any protocol that uses LayerZero:
It may be better to prioritise those that are listed.
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Airdrops are never fair, and there’s always a chance that you lose.
But knowing the basics of every type of airdrop will give you an edge.
Secure every airdrop with my framework:
pages.fipcrypto.com/airdrop-eligib…
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If you want more like this:
1. Follow @FIP_Crypto
2. RT this post
3. Check the link in my bio
Thanks for reading!




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@ChristiaanStri1 @CC2Ventures snapshot before 6th of feb, you missed by a hair
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@CC2Ventures I got a total of 38 tx's and 8.5k Volume but hit almost all the different chains.... aptos, solana all included and besides that I have staked 1009 $PYTH for ages... still nothing for me... I am not even farming more than 1 wallet... so I can't be a sybil how does this work?

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Itachi retweetledi

Can't wait for the $VENOM mainnet launch on March 18th! 🚀Get ready for the future of DeFi & Web3! #VenomLaunch
@Venom_network_
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