So I have been a DeFi lover for a while now or I should say a blockchain lover. This new era of decentralization and digital rebellion against the banking system as we know it today is the best thing that have happen in tens of years. Finally can the little guy do some cash gains and stop being depended on the banks making money from the little guy's money without compensating for it.
We will in this era see a massive change in banking, how governments work and act, how cooperations start loosing power and influence. And of course the economy and the way it's working today. I really believe that the coming ten years will change a lot, the little guy now know the massive abuse done by goverments and cooperations and is tired of it.
So, enough of my believes and now over to Fantom DeFi and it's awesomeness. All acclaim Ethereum for introducing smart contracts into blockchain that created what we now as DeFi, an ability to use dApps on chain. This changed everything and made finance fun and way more profitable. We can also thank EVM (Ethereum Virtual Machine) making it easy for dApps to exist on multiple chains just with a little twitch in code.
The problem with Ethereum is the high transaction costs, where a smart contract interaction will cost you a lot. There is no reason to loose so much investment material to transactions when you can choose alternative chains and use those costs as an investment instead. You probably save more than 100 bucks by this, 100 bucks you can invest instead. On Fantom Opera will a transaction cost you less than 0.1 and a smart contract interaction 0.5, sometimes up to 1,5 if Fantom is really congested. Talk about saving money. If you want to withdraw your funds from a smart contract early to change position of your funds, sell them or use them you can do that to on Fantom without feeling guilty for not going + on the position. Why, well as told low transaction fees. It makes everything so much easier and profitable.
So how can we utilize Fantom for mad gains?, well we have a few really nice protocols on Fantom which have earned many people very much, including myself.
The first protocol I think has a nice symbiosis in itself is the Tomb.finance protocol which utilize the Fantom token price moments. The protocol has 3 tokens TOMB, TSHARE and TBOND. TOMB is the token which is pegged to follow the price of FANTOM itself. I will not explain so much how this peg work, rather more on it's ecosystem. Because TOMB often follows the price of Fantom closely it's the ultimate pair to LP with to get as little impermanent loss as possible but still being exposed to upwards price moments on both token as TOMB follows Fantom in price.
By this can you simply provide liquidity on Spookyswap (Fantom's biggest AMM) with TOMB and Fantom as a pair. You can later use this LP in TOMB.finance and stake that LP in the cemetary to earn TSHARE tokens. The TSHARE you earn can you then stake in the masonry to earn additional TOMB tokens. The TOMB tokens you earn here can you later when you have a bit sell 50% of it for FTM and compound your LP with it, getting you more FTM-TOMB LP's (you don't need to earned that much as the transaction fee's are low). Use this technique if TOMB is above peg (TOMB has a higher price than Fantom).
If you're use the technique above and TOMB goes below the peg (TOMB has a lower price than Fantom) can you break your LP and exchange the FTM for more TOMB. You will than exchange all your TOMB for TBOND tokens in the pit and once TOMB goes above peg again redeem your TBOND for TOMB in the pit to get a redemption reward, for helping the protocol bring TOMB back to the right price. You can use the protocol over and over again like this since TOMB always needs to follow Fantom price moments. This is a protocol that always will work as long Fantom exists.
You can read more about Tomb.finance and how it's working here: https://docs.tomb.finance/faq-1
So, now over to some other protocols I like on Fantom and that is the rebase protocols which has gained a lot of popularity lately. The three biggest rebase protocols on Fantom blockchain is hectordao, Fantohm and Spartacus. In one week thanks to price moments and interest I did 300 dollars to 1000 dollars in a week with hectordao. Unforntunaly did someone gain access to my wallet and how he/she/it did it have I no clue about. So I lost it all. So it's just start over again...
If you have time can you earn a lot from this rebase protocols and the clue is to get in early but not to early. Let me explain as soon a new rebase protocol gets listed on Coingecko or Coinmarketcap they rise in price directly like many other tokens. So yo want to "bond" in this protocols about 2 days after the listening on Coingecko or Coinmarketcap. By then have all whales and bots taken their profits and the price of that tokens has gone down a lot. You want to bond when the tokens has a low price and often in the beginning do you get the token of that rebase protocol with a discount of 20-25% when bonding. After this will often the price of the token start to work it's way up again. You both earn a lot by just the bonding but also by the price moments upwards from this crash after the whales and bots. Never buy a tokens you want to hold a bit just when it's get listen because it will always pump and crash.
The rebase protocols are great to be in, for a week or two after this it's often great time to take profits and move to a new rebase protocol. You have earned from the bonding, upwards price moment and a little from the high staking rewards from these kinds of protocols.
Fantom is still a blockchain with a low marketcap that have a good potential to grow and many new projects and protocols is being started on Fantom. I love Fantom due to this protocols but also due to the low transaction fee's giving you more to invest with. You also can play around a bit in the ecosystem and don't loose a fortune.
Try out Fantom, is a lot of fun!
