Reddit Posts
And just like that Harmony one to be Harmony Done!
Mentions
tldr; The article provides an update on Tranquil Finance and Mimas Finance. After careful consideration, the decision has been made to sunset these protocols on the Harmony and Cronos chains. Users are advised to repay their borrows and withdraw all assets. Holders of TRANQ and MIMAS tokens can convert them to FIRA at a fixed rate of 17-to-1. The team behind Tranquil and Mimas protocols will now focus on building Defira V2, an innovative onchain strategy game. The article also mentions the deprecation of the liquid staking token stONE and the removal of protocol rewards. The conversion of tokens and contracts on these chains will be available until October 31, 2023. The team aims to launch Defira V2 in Q1 of next year. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Haha. What I'm trying to compare is that Harmony sub was used a place for shilling WAGMI, which is an OHM fork. And by the way, don't take my words for it. Go look for yourself prices of TRANQ, FIRA, JEWEL, ROY, WAGMI. They are escaping now. Try to educate yourself buddy.
The high APR is mostly because lile 80% of the rewards are paid in sealed FIRA which is a time-locked and untradable version of FIRA. Unlocking period is 1 year (or less, eventually when you do quests with the upcoming heroes, you can decrease the timer). Thats why the APR is so high, 80% of all rewards are very illiquid