Read on Twitter
2 days ago, I promised I would share the child of $RAMP and $LIDO.
This birth took some time, but I& #39;m happy to report a successful birth. For now, let& #39;s call the baby Project Yield.
First, an introduction to Lido Finance.
This birth took some time, but I& #39;m happy to report a successful birth. For now, let& #39;s call the baby Project Yield.
First, an introduction to Lido Finance.
. @LidoFinance
As ETH moves towards a POS model, many are staking ETH to act as validators (Current APY: 8.5%)
So Lido thought - why can’t this staked ETH be used as collateral? This gave birth to liquid stETH. Lido unlocked the liquidity in staked ETH (Stacking yield etc)
As ETH moves towards a POS model, many are staking ETH to act as validators (Current APY: 8.5%)
So Lido thought - why can’t this staked ETH be used as collateral? This gave birth to liquid stETH. Lido unlocked the liquidity in staked ETH (Stacking yield etc)
However, there are 2 issues:
1. ETH 2.0 is not up - users are unable to unstake -> no arbitrage opportunities -> ETH/stETH might not always be pegged.
2. Gas Fees - Imagine getting your stETH set up and it costing 1k USD. Imagine doing it weekly. How much will that cost?
1. ETH 2.0 is not up - users are unable to unstake -> no arbitrage opportunities -> ETH/stETH might not always be pegged.
2. Gas Fees - Imagine getting your stETH set up and it costing 1k USD. Imagine doing it weekly. How much will that cost?
This drove Project Yield into existence.
1. Project Yield is built on BNB. This means that gas fees are almost non-existent ( @cz_binance , blz confirm)
2. POS is already live on BSC for BNB, currently at 26.7% APY (For reference, ETH 2.0 is at 8.5% apy)
1. Project Yield is built on BNB. This means that gas fees are almost non-existent ( @cz_binance , blz confirm)
2. POS is already live on BSC for BNB, currently at 26.7% APY (For reference, ETH 2.0 is at 8.5% apy)
“Hero-sama, I see the similarities to Lido. Where does RAMP genes come in?”
Remember STACKING yields in $RAMP? Now do it for Project Yield.
Imagine staking your BNB w/ Project Yield. Then, with your liquid BNB, you bring it to another ecosystem.
Instant #DOUBLEYIELD
Remember STACKING yields in $RAMP? Now do it for Project Yield.
Imagine staking your BNB w/ Project Yield. Then, with your liquid BNB, you bring it to another ecosystem.
Instant #DOUBLEYIELD
Enter Project Yield, the child of $RAMP and $LIDO.
From Daddy RAMP: the liquidity of your staked assets is unlocked.
From Lido Mommy: Gain a BASE YIELD of 26% by Taking advantage of the Proof of Stake on BSC.
This project? @SteakBank
From Daddy RAMP: the liquidity of your staked assets is unlocked.
From Lido Mommy: Gain a BASE YIELD of 26% by Taking advantage of the Proof of Stake on BSC.
This project? @SteakBank
Ultimate Alpha Leak:
1. Stake $BNB, getting liquidBNB (26% APY)
2. Take LBNB and farm it with another pair, eg CAKE/BNB. (X% APY)
Without SBF, you would just be getting x%. With SBF, that’s an additional 26%.
Imagine if you can collateralize your LBNB or LP Token …….
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht">
1. Stake $BNB, getting liquidBNB (26% APY)
2. Take LBNB and farm it with another pair, eg CAKE/BNB. (X% APY)
Without SBF, you would just be getting x%. With SBF, that’s an additional 26%.
Imagine if you can collateralize your LBNB or LP Token …….
I haven’t even got started on the token, $SBF.
1. An insta-win is being named after @SBF_Alameda
2. Governance. It’s a meme in the ETH eco-system due to the incredible gas fees. With BSC, I believe the small players will have a real chance in voting
1. An insta-win is being named after @SBF_Alameda
2. Governance. It’s a meme in the ETH eco-system due to the incredible gas fees. With BSC, I believe the small players will have a real chance in voting
The final and most important use case of $SBF:
Staking BNB in a validator node means you’re subjected to a 7 days withdrawal delay.
With SteakBank, you can burn $SBF to accelerate the BNB unstaking process.
To me, this is a very tangible value accrual mechanism.
Staking BNB in a validator node means you’re subjected to a 7 days withdrawal delay.
With SteakBank, you can burn $SBF to accelerate the BNB unstaking process.
To me, this is a very tangible value accrual mechanism.
Now, what I have covered is only what’s available NOW.
I want to highlight the last and most important bullet.
The potential of SBF.
I want to highlight the last and most important bullet.
The potential of SBF.
Imagine for a moment: SteakBank is partnered with Pancake. This means every pair being farmed could see it’s APY increase by +27%.
There would be NO reason to not partner with SteakBank.
Hence, I believe the SteakBank vortex will take over the ENTIRE BSC ecosystem.
There would be NO reason to not partner with SteakBank.
Hence, I believe the SteakBank vortex will take over the ENTIRE BSC ecosystem.
Just imagine, Steakbank is partnered with every single project within the BSC ecosystem.
People are going to come and go; some might urgently need their BNB and burn $SBF.
$SBF Holders are gonna fly to the moon.
Anon-sama, are you joining me?
People are going to come and go; some might urgently need their BNB and burn $SBF.
$SBF Holders are gonna fly to the moon.
Anon-sama, are you joining me?
To share how bullish I am on SteakBank - lets just say I tried to stake 1000 bnb and it didn’t work.
Had to break it up into smaller batches. Just a minor bug FYI
cc: @SteakBank
Had to break it up into smaller batches. Just a minor bug FYI
cc: @SteakBank
This fight is not over anon-kun. I’m working with the hero association and my disciple Genos.
I have sent him on a mission to find out about the team and backers behind Steakbank.
Stay tuned.
I have sent him on a mission to find out about the team and backers behind Steakbank.
Stay tuned.
cc: My Senpais From The Hero Academy. Thank you.
@josephdelong @Fiskantes @redphonecrypto @BBhodler @0xVeroxis @SillyPunts @DarkCryptoLord @SecretsOfCrypto @Darrenlautf
Arigatōgozaimashita!
@josephdelong @Fiskantes @redphonecrypto @BBhodler @0xVeroxis @SillyPunts @DarkCryptoLord @SecretsOfCrypto @Darrenlautf
Arigatōgozaimashita!
