Meta Yield Framing? What?! Degens ONLY!
Yesterday I wrote a post about my potential BluDAC strategy here. Today - that has changed. Around noon I started seeing tweets from the team and they were announcing news about new staking pools. They also hinted that the new pools would be live around 6pm. They were and boy their stake rates were nuts. No financial advice here - just a degenerate doing degenerate shit.
So there are now Promo, OG, Starter, ad Meta pools now. Each have a specific amount of BLU in the pool and there is a $1 fee to stake/unstake. This burns BLU with every transaction. There are now over 70 FUCKING POOLS! This is lit. I immediately started scrambling to throw some LP's in some pools. I checked out each section and decided I would hop in the Meta pools because they're the most confusing and degenerate.
These new Meta pools are exactly that. So you thought yield farming was degenerate? Boy. Check this out. So in order to participate in these pools... You need to provide liquidity to a trading pool. In this case BLU and PGL. Once you provide liquidity, you are given LP tokens. Then you use those to provide liquidity to a WAX - BLU/PGL pool. Yes, liquidity for liquidity pools. Follow me here. I provide liquidity to the BLU-PGL pool then use the LP token to provide liquidity between that LP token and WAX. It's the most meta degen thing ever. The stake rates are also insane.
They're still good but they'll dwindle down as more people figure out how to do it and stake their LP LPs lol.
I kinda went HAM on this lol. According to the stake rates I'm gunna have a yacht tomorrow.
Can't wait for the NFT-BLU pools. I'll be on those like white on rice.
I should get my LP tokens from the first month back tomorrow so I'll be able to convert some to WAX and then re-allocate based on stake rate (AIMY) to maximize the amount of BLU I earn. Truly degen shit. Do not try this at home unless you're an ape. I'll update you guys when I get all my pools allocated. It's going to be a process lol.
Are you in BluDAC yet?
lemme know.
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