🔥 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.
LQDR × BEETS StrategiesLiquid 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.
