Weekly Crypto Newsletter 3.14.21 ⚡️
Enjoy industry highlights for the week.
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WATCH IFO
The initial farm offering (IFO) I mentioned last week went up 30x after being listed and is currently trading at 12x. However, due to the overflow model most investors weren’t able to buy their desired amount. The token offering was 72x over subscribed breaking the previous record. With a paywall around the corner and the support of more farms, there’s a chance we may see the token trade higher in the coming weeks. If you participated in the IFO you can earn 168% APR by depositing assets into the WATCH-BNB pool on Pancakeswap.
KYL Token Sale
After publishing my video and notifying everyone about the token sale, KYL is trading over $2. The public sale price was $0.05. Given the bullish narrative many retail investors are clinging to, I think this token will go higher before experiencing its first major correction.
Double Dipping for Yield
I decided to deposit a portion of my HEGIC into zlot.finance. In return I was given an LP token, ZHEGIC. I took this LP token and deposited it into app.mantradao.com. Using this strategy I’m earning 32.8% on zlot and 113% on Mantradao. I started lending my assets on Mantra relatively early, as a result I’ve made respectable gains as the price of the OM token has appreciated. By using two protocols to generate yield, I’m at a higher risk of losing my funds. Make sure to take this into consideration before pursuing this strategy.
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