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My Way Into The LOOP Finance

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Jahanzaib
@xabi
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(Source)

Evening

I joined Terra block a few days ago, with Loop Finance serving as entry point. I initially went for LOOP-LUNA liquidity pool with as returns was decent and I was extremely bullish on LUNA. Turns out I was right as LUNA is elegantly surfing the bear market.

At the time 200% plus returns felt decent enough. But to my surprise Farming returns were revised, yesterday. LOOP-LUNA LP farm got its LOOP reward raised to 22,500, offering 1000% plus returns. Other LP farms also got a decent raise.

As of now, LOOP-LUNA LP farm is offering around 500% APR which is quite astonishing.

As per plan, I increased my investment portfolio and provided liquidity to MIR-UST pool.

Since LOOP farm rewards are locked in for a minimum of 14 days, so for now there is no impact on LOOP price due to increased LOOP rewards. I guess we will find soon enough. Wish me luck🙏

Posted Using LeoFinance Beta