brando28
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brando28 ๐Ÿช‚๐ŸŒพ

Aspiring airdrop farmer ๐ŸŒพ Content creator on #Inleo ๐Ÿš€ Degen at heart.

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Joined in 01, 2021
brando28
ยท 7 days ago

Former US president Donald Trump got shot in the ear and the crypto reacted with a pump that is still ongoing by the time of writing this. ETH ETFs could see the green light this week and even though Mt.Gox's repaid Bitcoins possible sell-off still casts a shadow, the general feeling is optimistic. Since we've just witnessed a choppy beginning of summer, I have been looking for a safe haven in the uncertain crypto space. Of course, there's always the stablecoin option but I still want that crypto exposure and something that will increase in value over time. The Jupiter Liquidity Provider PoolJLP is a liquidity pool on Jupiter Perps. It acts as a counterparty to traders who will borrow funds from the pool when leveraging. It is sort of a basket of 5 assets: SolanaIn addition to the current value of these tokens, the value of JLP is also derived from the trader's profit & loss and 75% of generated fees such as opening or closing position fees. These fees are redistributed back to JLP holders creating a changing APY that was 78% last week and is currently at 38%. The weightage and utilization will change depending on which assets the traders are favoring. By looking at the picture above, we can conclude that SOL/USDC is the most used trading pair. Price DevelopmentObviously, the JLP price will dip if the three blue chips dip, and as we know, when the BTC price drops, the others follow. However, JLP will hold stronger since it also consists of stablecoins that will balance the price. Also, because of that stablecoin exposure, the JLP price won't be making radical surges; instead, it draws a slow and steady graph of upward movement. For example, here we can see BTC price on a 1-year scale and below that, JLP price on that same scale. ![JLPyear.png](

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brando28
ยท 13 days ago

Greetings, airdrop farmers! At least two promising airdrops are happening during the next week. Season 2 of Etherfi has ended, the third one has just begun and now it's time to speculate on the allocations. Meanwhile, the highly anticipated Sanctum Wonderland is about to reward the faithful ones. Let's take a closer look. $CLOUDThis might be interesting if you have been liquid-staking SOL LSTs on Sanctum while farming their $CLOUD airdrop. Next Monday starts a "Sanctum Week" consisting of the highly anticipated $CLOUD airdrop to those who took part in the Wonderland LST staking campaign. The airdrop is separated into two parts: 5% will go to stakers and 5% will go to those who have been active on their Discord or been promoting Sanctum on X, etc. I'm pretty sure I won't considered in the latter group so I'll be focusing on the 5% allocation to stakers. I hate to be the bringer of bad news but just the other day I read that the airdrop(5%) will be completely linear meaning the more staked, the more you'll receive. I say bad news because it appears most of the tokens will go to larger whales even though 10 SOL would still put you close to the top.Now, this is still very speculative but I found this It seems that I won't be giving up my day job anytime soon. To be honest, I thought I would have done a little bit even though I was farming this with just 1 SOL but like that disclaimer says, the actual amount may vary significantly. Fingers crossed! The airdrop is supposed to happen on Jupiter's $ETHFIAnother airdrop happening next week is season 2 of

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