Introducing ...
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The Newbies Guide to OG Degen Behaviour ... with Peapods!
1. install rabby.io (a decent wallet for DeFi);
2. Add ETH (on Ethreum) to your wallet;
3. Bridge some of your ETH to Arbitrum (leaving say $20 in ETH on Ethereum for gas);
4. SWAP your ETH on Arbitrum for PEAS on Arbitrum (not on base; crucial){leaving say $20 in ETH on Arbitrum for gas (yes, again) for transactions on the Arbitrum chain};
5. LFV your PEAS on Arbitrum, via this pod (PEAS-v-USDC), for APY 864% atm;
Peapods Finance
Unlocking sustainable yield for any asset through Volatility Farming.
Borrow the whole of the other side of the position (USDC).
RESULT e.g.:
Upfront deposit $200 (in PEAS)
Net Exp. Annual Yield = $1436
Exp. LVF APY = 359%
6. Buy Toast (on base) with your profits and some ETH (for gas) on base.
7. LVF the Toast at x 2 leverage in our pToastLVF pod..
8. Once the position is opened, INCREASE LEVERAGE TO MAX (x2.33) (obtaining USDC).
9. SWAP the USDC for more Toast.
10. Put the extra toast at 9. above down in our other Toast peapods Pod (TOAST-v-WETH) at x2 leverage (borrowing thus WETH).
11. Once the position is opened at 10 above, increase leverage to x2.33 (obtaining WETH).
12. SWAP the WETH at 11 above for PEAS.
Rinse, repeat (changing the first pod as appropriate to rates at the time).
NFA. YMMV.
Enjoy. Crypto Degeneracy!
ps Don't forget to VOTE $TOAST (so you can use PEAS to make TOAST!);
X (formerly Twitter)
Peapods Finance (@PeapodsFinance) on X
It's that time again... 🌱
Seed Stage - Week 4
Voting is LIVE 🗳️
Your finalists:
$TOAST | $IXS | $OPENX | $YES
Cast your vote below for ...
nostr:nevent1qvzqqqqqqypzpw7fcd3aynan0pw8zm7t5jcxhqmpu79kd2denu49g3tznx25aafjqyt8wumn8ghj7un9d3shjtnddaehgu3wwp6kytcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qy2hwumn8ghj7mn0wd68ytn00p68ytnyv4mz7qpqwfp5lcmazthzaasd7vgufsuav5zy08sku09mgjlzhu8w99m4pwvs0gw6
Available to Wrap:
1232/1313
Get stocked up newb's ... before you live to regret it! ;)
