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nchild

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An innovator and precise processor hybrid.
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🔥 Ultimate LQDR × BEETS strategies

The strategies are based on the Crypto Banter Defi show on Feb 8, and they are all around LiquidDriver ($LQDR) and Beethoven ($BEETS) in the FTM ecosystem. Previously just my personal notes but kind of complicated so I decided to simplify them. Liquid Driver is the protocol that hunts for the governance tokens of others protocols, and then exerts the voting rights acquired to boost the rewards of its pools. However, the only way to receive the highest rewards is to stake xLQDR tokens on LiquidDriver for two years. (APR ~100%*) Ahoy! Are ye seein' Pirate Party? Pirate Party is an incentivized pool on Beethoven that is 80% LQDR and 20% wFTM in its composition. You get high yield on BEETS as rewards providing liquidity there.  (APR ~160%*) Based on that, there are three ultimate strategies.  - If you are bullish on LiquidDriver, you can swap your BEETS to LQDR, and then reinvest into Pirate Party. - If you are bullish on other projects in FTM ecosystem as well, you can swap your BEETS to FTM, and then zap into the high yield LQDR farms. - If you are really bullish on Beethoven, you can invest your BEETS into the Fidelio Duetto pool. Then you stake your Fidelio Duetto BPTs for fBEETS, which can be staked into the fBEETS farm to earn triple yield. Aye! (APR ~100%*) With the strategies, you get exposure to the hot tokens and still keep the tokens liquid. Let me know what you think about the strategies and the graph. *As of Feb 9 at 3:00 PM UTC.
Feb 9, 2022
Crypto Banter

The Inevitable and Possible Cure of BBS Network

No matter how agree you are to the mission of BBS network, you probably notice there are countless posts with little to none value every time you visit any popular BBS. It's pretty easy to post with just a (few) word(s) of limited meaning and/or a random image. What worse is that it's even easier to purchase any post that comes up to your screen by the time you visit it. Since the system awards the first purchase of a user each day, it's the posts at low prices got purchased first. The longer the users are expected to peruse the posts, the higher the chances they will abandon the purchase due to price pump. The adverse scenario can be addressed by the diligent admin/moderators, e.g. strictly enforcing the shit post rule. However, it will inevitably fail shall the posts become overwhelming and the efforts couldn't be justified by itself. Therefore it's key to keep the cost of gaming the system high enough so as to eliminate the idea altogether while minimizing the cost to moderate. For this, here are some ideas: - Purchase interval - to apply an interval system, where the more content in the post purchased, the longer the time out the owner can purchase another. - Inverse purchase quota - to apply a quota system, where the more content in one post, the less portion consumed in a user's daily purchase quota. - Genuinely bidding - the users will pay for a portion of the prices with their earned CT, if any, the second time and beyond they purchase the same post. - Batch hiding - the admin/moderators can use an interface to search/filter the posts and then hide them in batches. - Auto hiding - the post gets hidden automatically when its like/dislike ratio hits a certain threshold. Let's hope more discussions can lead to more solid solutions.
Jan 2, 2022
Crypto Banter