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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.
Defi. Finding a lending protocol that rewards in a native token and the invested token, There are protocols that give you money for borrowing. You lend, borrow, lend, borrow, lend, borrow, lend the same stablecoin. you can also do this with any coin that isnt a stablecoin. You then cant get liquidated unless the borrow native interest rate is much higher (then I wouldnt do this). I am currently getting a good return using multiple protocols. MIMAS on Cronos is one to look at
I suggest you spend a few months doing $5 here and $10 there, you won’t make money with CRO gas being high, but it will be a great defi education. I have made a lot of money on coins that offer 2000% APR after I figured out how to read tokenomics. Take a look at MIMAS, it won’t take you to the moon, but they just got a Crypto.com grant and have low TVL and decent returns for a lending platform (about 1/3 left in the last market downturn). I would focus more on USDC.
Take it to Cronos and stake it on MIMAS Finance for good returns