ok, so here's my turbo-degen play on Kujira given the news i'll link below.
it's a little wild, so hear me out. Kujira is going to become a layer 2 for Thorchain with its same full suite of crazy DeFi apps.... #leoalpha #kuji #kujira
you'll be able to bid with USDC, USK, xUSDC, or xUSK. i plan to bid with xUSK and xUSDC. here's why.
currently, you can lend USDC or USK on kujira GHOST and earn 15%. in return you will get xUSDC or xUSK. with these derivative assets, bid in the PILOT sale. no worry of volatility since they're both stables.
what happens from there, time will tell. at the minimum, you're earning 15% on a stable asset and at the same time participating in a sale of discounted KUJI that will likely go up in value anyway.
What do you need in order to get an account on Kujira?
a wallet. XDEFI works
Oh nice, have that already so really need to look into this.
you already have the tools
https://winkhub.app/posts/kujira-recovery-plan-thorchain-partnership
after reading that article, are you bullish on the future of thorchain and kujira?
ok cool. so here's my strategy. we know that there is going to be a sale on Kujira PILOT of rKUJI in the coming weeks(?).
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you'll be able to bid with USDC, USK, xUSDC, or xUSK. i plan to bid with xUSK and xUSDC. here's why.
currently, you can lend USDC or USK on kujira GHOST and earn 15%. in return you will get xUSDC or xUSK. with these derivative assets, bid in the PILOT sale. no worry of volatility since they're both stables.
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what happens from there, time will tell. at the minimum, you're earning 15% on a stable asset and at the same time participating in a sale of discounted KUJI that will likely go up in value anyway.
GLHF
NFA
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