Shrimp staking cvxCRV should look into depositing their cvxCRV to Llama Airforce's autocompounder https://llama.airforce/#/union/pounders. Saves gas on having to claim and restake CVX, CRV, and 3pool, plus the uCRV tokens accrue interest internally which sets you up for better tax treatment in the US compared to claiming rewards (taxed as income).
Awesome post. How about a similar post about what we can do on an L2? I've been hesitant to L2 because... which one? They fragment the composability of DeFi, which L2s do I trust, do I hop among L2s or marry one for life, do I keep funds on L2 forever or only temporarily for degen trades... Help. Don't trust sidechains and bridges right now, but would consider L2s.
Great write up! I'm tossing up between the cvxCRV > llama strategy on Ethereum and the tricrypto pool on fantom (https://ftm.curve.fi/).
The APY is nice but on eth but the fact that I have to think about gas costs each tx is a real turn off for me. Especially when I have 100% opportunities all over the place on FTM.
Shrimp staking cvxCRV should look into depositing their cvxCRV to Llama Airforce's autocompounder https://llama.airforce/#/union/pounders. Saves gas on having to claim and restake CVX, CRV, and 3pool, plus the uCRV tokens accrue interest internally which sets you up for better tax treatment in the US compared to claiming rewards (taxed as income).
Awesome post. How about a similar post about what we can do on an L2? I've been hesitant to L2 because... which one? They fragment the composability of DeFi, which L2s do I trust, do I hop among L2s or marry one for life, do I keep funds on L2 forever or only temporarily for degen trades... Help. Don't trust sidechains and bridges right now, but would consider L2s.
Great write up! I'm tossing up between the cvxCRV > llama strategy on Ethereum and the tricrypto pool on fantom (https://ftm.curve.fi/).
The APY is nice but on eth but the fact that I have to think about gas costs each tx is a real turn off for me. Especially when I have 100% opportunities all over the place on FTM.
Great read.