Over 80% APY on UST? Using Abracadabra Money to Leverage UST and MIM with Degenbox

Channel:

TWT

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Published on November 13, 2021 2:00:02 AM ● Video Link: https://www.youtube.com/watch?v=D4yCgIlbXkE

Game:

Abracadabra! (1983)

Duration: 15:32

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Over 80% APY on UST? Using Abracadabra Money to Leverage UST and MIM with Degenbox

Today's video covers the new UST vault on Abracadabra Money. I go into detail on how to bridge UST over to Ethereum, how the Degenbox works, and how to get over 80% APY on your UST. Enjoy!

Abracadabra Money
https://abracadabra.money/

Terra Bridge
https://bridge.terra.money/

MIM Replenishes
https://twitter.com/MIM_Replenishes

Abracadabra Docs
https://docs.abracadabra.money/intro/leveraged-positions

Degenbox Strategy
https://abracadabramoney.medium.com/our-ust-strategy-the-first-application-of-the-magic-potentialities-of-degenbox-ea35f13d6b5e

Route 2 Fi Threads (Check out for more info!)
https://twitter.com/Route2FI/status/1458072000602202114?s=20
https://twitter.com/Route2FI/status/1450771403490447363?s=20

Metamask
https://metamask.io/

Follow me on Twitter: https://twitter.com/Caleb_TWT_

Swap between 40+ blockchains in one place with Rango: https://cutt.ly/kg0D3I

0:00 Intro
0:23 Abracadabra Intro
0:51 How to get wrapped UST: Uniswap
2:52 How to get wrapped UST: Terra Bridge
4:26 Overview of Degenbox
6:45 Borrowing Against Collateral
8:43 Looping the Position
11:24 MIM Supply is Finite!
12:12 Ethereum Gas Fees
13:58 Abracadabra Threads
14:37 Outro

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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