JUN 08, 2022 • 7 Min Read
Tutorial: ETH/USDC Velodrome LP Staking
1. Go to Tarot’s Markets tab. Select the “Velodrome ETH/USDC” Vault.
2. Here you’ll find all the important Vault details such as Total $ Supplied, Borrowed, Utilization Ratio, APR and more. Select “Deposit” under the Borrow tab.
3. Deposit your LP tokens received from Providing Liquidity in Velodrome (see tutorial above for Velodrome). “Approve” your transaction and then select “Deposit” to start farming.
[Excerpt from a Delphi Pro Report]
Critical Bug Found on Osmosis
A critical bug has been found on $OSMO /@OsmosisZone which could have potentially drained all liquidity pools.
It has been discovered after a post on the subreddits /r/CosmosNetwork and /r/OsmosisLab.
The chain was halted under immediate emergency to avoid further damage.
— Junønaut (@TheJunonaut) June 8, 2022
Frax Proposal to Buy $20m of FXS
Frax proposal up for buying $20m worth of FXS via TWAMM. Feels like a pretty big show of confidence as other major projects like Lido and Fei look to liquidate their treasury holdings
—dcf intern (@dcfintern) June 8, 2022
Impact of The Merge
The Merge is a substantial change in supply / demand forces most people underestimate.
Multiple $Ms of daily sell pressure on $ETH will be replaced by buy pressure. Every day we will need new sellers to prevent the price from going… up!
Let that sink in.
More details: 🧵👇
—korpi @korpi87) June 8, 2022
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