How I use the Pryzm Platform - Post #6
Here's a simple
@Pryzm_Zone trade that I have running 24x7x365 with
$ATOM,
$INJ,
$TIA, and others. I call it the 'set it and forget it' trade.
Let's walk through this multi-part trade assuming we're starting with 10
$ATOM. The idea is simple - use
$ATOM to buy more
$ATOM.
Step 1 - Create a PulseTrade to swap 10
$ATOM for 10.6
$ATOM worth of cATOM. In this scenario I'm targeting a 6% gain, but you can set your own profit goal.
Step 2 - Wait for another Pryzm user to refract some
$ATOM, then use Instant Unstake - which is arguably Pryzm's most useful/innovative feature - to convert your cATOM back into 10.5
$ATOM. *Note the 1% Instant Unstake fee (insanely cheap, btw).
You could also "slow unstake" your cATOM for 10.6
$ATOM, but I don't use this feature because it'll take 21 to 23 days to complete.
Step 3 - Rinse 'n repeat.
There's an optional strategy that I use in between Step 1 and 2, every time, to generate even more profit.
Since it can take a few days or more before
$ATOM becomes available in Instant Unstake, I use my cATOM to join the ATOM Yield LP via 'Zero Price Impact'.
That earns me swap fees Photons which convert to
$PRYZM tokens. And I stake the yATOM tokens received when joining the ATOM Yield LP. This earns me even more Photons/$PRYZM.
Then, when
$ATOM comes available in Instant Unstake, I'll (1) unstake my yATOMs, (2) remove my ATOM Yield LP liquidity, and (3) merge my yATOMs and pATOMs back to cATOM so it can be unstaked for
$ATOM.
Ready to give
@Pryzm_Zone a try? Now is a great time. They’re running a points campaign now through August 31st that will distribute 5% of the
$PRYZM token supply to Pryzm users.
All participants need a referrer. If my posts help you in some way, please consider signing up with my link. Many thanks!
app.pryzm.zone/points/pryzm?…
$PRYZM #PRYZM #PHOTONS @MrRefractor