Early farm on @ZircuitL2 that i am farming
I did the same strategy for @LynexFi in sep 2023 and im still getting free yield from voting weekly
They just launched @OcelexFi with similar "pre-mining" campaign
👇🏻🧵
📍 Strategy opportunity ( why am i doing this )
🔹 Low-ish downside bet on the potential Aerodrome of Zircuit ( just farming ETH/WSTETH pair for emission
🔹 Lynex is a proven team that continue built with similar codes for Ocelex lower smart contract risk
🔹 Bet on zircuit
📍 How does it work?
Simple LP in below pools
personally prefer WETH-STONE or WETH-WSTETH
I am still holding ETH anyways why not?
Ur reward will be in $eOCX
TLDR half of it will be in veOCX ( which you can vote and earn yield every week when its launched.
half of it will be in oOCX which is basically a optionToken where you can redeem OCX in a lower than market price
One other reason i am doing this is because i still getting 15-30usd weekly from that ~1 month of pre-mining i did with lynex on top of the liquid $lynx i got.
and this is with linea not taking off very well lol imagine if linea were as hot as BASE or SOL twitter.com/155919319860577485...
in the end of the day is about risk and reward,
putting my ETH there to farm for a potential good dex on a good chain is a good bet. you have done more for other restaking protocols anyways...? keke
Ok its still early beta mode and Zircuit so its not as user friendly, but this is also how you know u are "early"
Steps
1️⃣bridge to zircuit
2️⃣deposit to LP on ocelexfi
3️⃣deposit to "pre-mining farm"
1️⃣bridge to zircuit
this can be pain if your ETH is not on mainnet
1) go to bridge.zircuit.com
2) pick the asset you want to bridge
If you want to save gas n bridge from other places u can consider using @Orbiter_Finance to bridge from ETH ( but less asset can be bridged )
And when i wanted to bridge there was a limit of 0.35 ETH
2️⃣deposit to LP on ocelexfi
1) go to pre.ocelex.fi/mining
2) click the pair u want and click "Get WETH/sstETH"
3) find out how much of each asset you need and add LP
3️⃣deposit to "pre-mining farm"
going back to "pre-mining farm" page and stake LP
So the flow i would actually do it is
1) go to add liquidity page to see how much of each asset you need to bridge
2) figure out how much and what asset you need to bridge
3) then follow the steps above to stake the LP
I personally end up taking the route of
1) bybit swap some of my ETH to stETH deposit to my ETH wallet
2) warpped my stETH to wstETH and bridged to zircuit
3) bridge more ETH to zircuit
4) add LP
here's some gas est for you for reference
u can find me on @DeBankDeFi for details
If you are doing this u need to becareful of following
🔹 if u are swapping asset becareful of slippage because its still small and early
🔹 rabby only taking zircuit as custom network atm but everything works
This is early if you have any questions come to my groupchat and dm… x.com/i/web/status/18511516579...
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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