Loving www.liquiddriver.finance: Juicy APR’s
With some juicy rewards on Fantom, liquid driver is one of my favourites. A wide range of Fantom options give you some great APR’s with a chance to lock up $LQDR for $xLQDR
tldr;
- Introduction
- What are my farming options
- What is xLQDR?
- Staking LQDR
- What rewards do you receive?
- Conclusion
Introduction
I guess, your first question is “can I trust them”?
So, they have been around a while but also make a respectfull #11 in DeFiLlama with a healthy Mcap/TVl of 0.11.
The price, although taken a knock from all time highs, has heald steady ever since, calling $15 — $20 home.
What are my farming options?
Here are some of my favourites with reasoning
- SPIRIT/FTM: is a good one as SPIRIT tends to follow the FTM price, so although there is no guarantee, but the impermanent loss risk is reduced
- DEI/USDC: is a great stable coin staking option. Try get 34% from your bank 🤪
- DEUS/FTM: is great if you wanting to do something with your DEUS rewards from BeethovenX.
What is xLQDR?
xLQDR represents the vested version of LQDR, it is based off Curve’s veCRV contracts.
The core objective is to switch from an intensive farming token model to a demand & supply token which derives its value from the revenue captured by the protocol and gives further utility to holders by adding features that gives more advantages to users who have more skin in the game e.g longer vesting schedule.
Specifications
- You can lock up your LQDR from 2 weeks ( = 0.02 xLQDR / LQDR) up to 2 years ( = 1xLQDR / LQDR ).
- You can only lock until Thursdays, if you select any other day, it will lock it for the previous Thursday ( e.g if you choose to lock until Friday, June 25th it will lock it until Thursday June 24th )
- As you get closer to your unlocking date, your balance of xLQDR decreases linearly.
- xLQDR is non-transferable
- WARNING : You can only have one locking schedule. It means you cannot lock a share of your LQDR for 1 year and another for 4 months.
- You can extend your locking schedule at any time, but you cannot lock it for more than 2 years since you first locked some LQDR.
Staking LQDR
Well, when you get your LQDR tokens, you can then go and stake them for xLQDR tokens. You need to lock them up for your chosen period of time. Head over to the xLQDR tab and stake your LQDR.
The longer the period, the higher the rewards
What rewards do you receive?
So, you will see below the rewards you will be receiving. You will need to import these tokens into metamask manually.
Once you have received these, you can decide what to do next.
Option 1
Swap your tokens for your favourite pair’s and compound back into your farming pool’s. Compounding is a great option.
Option 2
You can keep your reward tokens and go and find pools to invest those in. Particularly if you are bullish on the token’s, then this is a great way to spread your risk.
Conclusion
Fantom still has to be the top performer in DeFi and you have many good options. I started out in TOMB and did well, but more recently, have become attracted to both Liquid Driver and BeethovenX.
Hope this helps… Follow me on twitter for daily updates