Patience does pay out... Big time!

avatar

Hi HODLers and Degens,

SpiritWars.png

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!

image.png

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

Posted Using LeoFinance Beta



0
0
0.000
7 comments
avatar

Hey! Another Fantom guy! I'm staking BOO on Reaper. Hodl!

Posted Using LeoFinance Beta

0
0
0.000
avatar

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

0
0
0.000
avatar

Wow, that 10% discount is pretty cool! I might have to check up that Granary...😃

Posted Using LeoFinance Beta

0
0
0.000
avatar

Nice! Congratulations! 👍🏻

0
0
0.000
avatar

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

0
0
0.000
avatar

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

0
0
0.000
avatar

That's sweet, getting a 100% APR, is really amazing. Don't know about $SPIRIT token.

Posted Using LeoFinance Beta

0
0
0.000