Do you think Silversqueeze is a thing? Here's how to get involved

avatar

Since this is trending on twitter and everywhere, I was doing some research on how to get involved.

mSLV, is Mirror.finance's crypto answer!

The easy way

You can head over to Uniswap - pay some $100's of GAS and fees just buy mSLV OR

What I did

Here's how I literally saved $100 dollar of fees, via Terra

  1. Head over to Binance
  2. Buy LUNA
  3. Go to https://app.terraswap.io/#Swap
  4. Download the wallet and create one
  5. Send LUNA to your wallet
  6. Exchange LUNA to UST (stablecoin) - make sure too keep ~1 LUNA for tx fees

image.png

7 Head over to https://terra.mirror.finance/trade#buy and buy mSLV with UST

image.png

It's a little bit more difficult, but worth it in the current market situation. This allows you to buy way more silver compared to Uniswap.

image.png

Posted Using LeoFinance Beta

silver mslv silversqueeze defi terra luna neoxian archon palnet aeneas leofinance
0
0
0.000
6 comments
avatar

I suggest not buying SLV

SLV is really a derivative of the Comex Silver market.
Thus, SLV can make any amount of shorts AND any amount of silver.
Plus they have the option, at any time, to settle any contract in dollars for a price they set.

So, this will not go the way of Game Stop.

Further, the price is set on the Comex, so the price of SLV may have no effect on anything.

I suggest buying physical silver from your local coin shop.
If they have any left.

0
0
0.000
Reply
avatar

no physical silver left, this is the only way to get involved as of the writing :)

0
0
0.000
Reply
avatar

Congratulations @ash! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You have been a buzzy bee and published a post every day of the week

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Next Hive Power Up Day is February 1st 2021
0
0
0.000
Reply
avatar

Update: you can buy UST directly via KuCoin

0
0
0.000
Reply