ZRO Airdrop Update

in #sps5 months ago

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The ZRO airdrop or really more like a option to purchase at a really low price of .1 when you claim it per unit so I had to pay a total of 25 dollars for my 250 and I have 55 left the rest I sold to cash out and the 55 will be my long term hold on it as I think ZRO will eventually be much more valuable. Now I just need to figure out how I can claim the 7900 ZK I have been allocated for the ZK airdrop as well as get the 200K ZERO I am owed for the Manta ZeroLend Campaign for supplying and borrowing and now I just have USDT deposited on manta ZeroLend and borrowing against BTC at a rate of 150% ish as the APR on USDT on manta is quite high on ZeroLend. Will also be taking out positions on dolomite shorting BTC to a extent as it hits the upper and lower ranges of the current range its in positions will be adjusted to take out gains and re adjust for the expected next direction in terms of hedges, liquidity pools and lending etc to position the trades in the most optimal positions they can be in. Also will be qualifying for the blast airdrop as well when ever that is as well as additional arbitrum airdrops from VKA and Dolomite and Dolomite offers ARB drops as well as oARB which vests over 40 weeks and is 1 arb/1oARB after 40 weeks and you can claim it for $0 at that point and the regular interest on the USDC and wUSDM can be claimed like normal. The USDC also creates a 1.5x multiplier on the ARB received in order to collect the max amount. Dolomite is another easy to use but a bit more complex than compound or aave and offers some cool features. Radient is also offering a few more airdrops for arbitrum and they are going to distribute a rdnt airdrop and zk to current DLP lockers which includes the DLP i locked to receive the 450 arb airdrop from the origial DLP lock up and since then the value has gone down but the airdrops have made up for the decrease so hopefully RDNT gets back into the .4 range and eth increases as well to give more value back to the pair in addition to the drops. If you also deposit wETH you get various other benefits and points toward airdrops on different chains and there is a looping opportunity right now to get a good amount of RDNT dropped as well as ARB and other points for airdrops. MGP is a interesting DAO unit to stake and its relativly new and went from a few million mkt cap to 30 million in barely any time and is responsible for creating various sub daos to more easily interact with rdnt, wombat, pendle, pancakeswap, EigenLayer, Lista and more coming which means likely appreciation as the MGP DAO receives more and more distributions from the sub daos. I will be selling my units in RDP and changing them all to units of MGP so i can receive higher distributions of the new SUB DAO units and also higher distributions of the revenue received by them as they are performing well with distributions increasing quite a bit each month. For .1 or less a unit or last time I looked I believe the price has gone up 20-30% since then but even then it is still a good buy with the rate of expansion and success of its subdaos in various protocols and the fact that 50% have not started distributions yet and the others have barely began distributing so there is a lot more room to run with this and I will be adding a LP position as well as the APR is decently high and since I am bullish on MGP I want to be able to earn as much as possible and stake them to get more distributions before the price inevitably goes up as I believe at .08-.1 where i got my units it is pretty undervalued. If they keep growing like they are with fees there tvl will continue to increases as will the MGP units as they will keep offering a larger distribution and there fore commanding a higher price for any new entrants and anyone who bought in earlier will receive a large ROI on there investment distributions and eventually all of the basis will be returned and it will be pure profit. Also if we get another large increase in market cap and price of the token i will sell out my cost basis which will be in the LPs and auto sell as price goes up and down earning fees as well and at any time I want to take the profit ill just pull the liquidity and fees earned so that it can take advantage of selling for better prices and algorithmically as well as earning fees to pay for the transaction costs and more likely.

All the diverse streams of cash flow can be used as dry powder for dips in other assets like SPL cards for land or other things you see in the market etc. Having strong non correlated cash flow is very important especially when dealing in volatile markets. The SPS Dao needs to recover some of its market cap and that needs to be on a upward trend not necessarily token price but its market cap hopefully is at its bottom and will rise on some news that the company has secured additional funding and the DAO is partnering with SPL to launch x y and z and this is how it will earn revenue and bring in new players to the game. That kind of plan and news or news of a listing will send up prices on SPS and allow the DAO to re capitalize its treasury to be a bit more healthy.

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