Patience does pay out... Big time!
Hi HODLers and Degens,
Almost 2 months ago I posted this Fundamentals and Patience always pay. The rainSpirit example where I explained why I liked rainSpirit a wrapped inSpirit (staked governance $SPIRIT) token giving access to liquidity and bribes weekly.
All of this with a sharp discount (almost 50% at the time of the article) to a $SPIRIT token.
I believe a lot in SpiritSwap V2.0 which should come very soon but I was also betting on the discount reducing eventually to 1.
Why did I trust this for rainSpirit and not other wrapped inSPirit?
- Serious team with other projects (lending platform on FTM, BSC ...)
- Communication from the team has been great
- Stop minting new rainSpirit when PEG <1
- Weekly Bribes pools
Fast forward 2 months later
Spirit token has been mostly stable as we are still waiting for V2.0 but my thesis worked out! We went from 0.42 to 0.77 today! That's a 60%+ gain!
Oh and I forgot to mention that I have been earning >100%APR for the past 2 months thanks to these bribes pools!
It took time but patience and research did work out.
It is not over yet! I am looking to catch up with PEG (would still be a +30% vs now), while earning 100%+ APR and waiting for V2.0 which I expect will send $SPIRIT to the moon!
Stay safe out there,
Latest Analysis
HIVE and LEO will continue to BUIDL despite the CryptoWinter!
Starting to put my cash to work in Stock and Crypto Markets!
FTM is pumping! Network Upgrade and rumours of Andre Cronje being back?
Posted Using LeoFinance Beta
Hey! Another Fantom guy! I'm staking BOO on Reaper. Hodl!
Posted Using LeoFinance Beta
Same here! I am actually borrowing on Granary and staking on Reaper! It worked less well than expected because people shorted BOO on Granary, but they stopped! So I borrow at 10% (usually it is more 60-70%) and stake at 160% on Reaper!
Posted Using LeoFinance Beta
Wow, that 10% discount is pretty cool! I might have to check up that Granary...😃
Posted Using LeoFinance Beta
Nice! Congratulations! 👍🏻
Thanks 🙏 !
I have corrected something though. SPIRIT token did loose 50% of its USD value over the past 2 months. In line with Alts, so I am still better off than most other trades but still disappointing 😅
Posted using LeoFinance Mobile
Seems really nice getting a 100% APR and spike of 60% gain during this dip season looks like a win to me.
Posted Using LeoFinance Beta
That's sweet, getting a 100% APR, is really amazing. Don't know about $SPIRIT token.
Posted Using LeoFinance Beta