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.
$ONE and two other coins on that chain. $TRANQ and $JEWEL. Good experience to witness the death of a layer 1, however. With BTC dominance building, many have yet to see what Alts will die this cycle. Wait until BTC reaches max dominance and see what Alts survive the carnage.
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.
Got a big bag of 100k ONE, made a lot of money with TRANQ, ROY. But I dumped my ONE bag for BTC, ETH, and ADA in Feb because: 1. BTC bridge. It's a bad approach, period. Over-collateralization of ONE is a dump idea. 2. RPC issues all over again. 3. The completely useless explorer. They've been this long and still got the un-usable explorer. Trash, period. 4. the way they fund shit coins is a good way to effectively dump the price. Community has no say in which one should be funded. 5. their vision in DAO is a stupid one. most DAO are rug-pulls or pump and dump scheme. don't trust me? look at WAGMI. 6. Nothing innovative, not to mention they intended to implement Anchor protocol, which is a Ponzi scheme. 7. Their Harmony wallet was exploited, so they rushed to discontinue it. Some got rekt because of it.
Sure, your bread and butter is anchor earn Next check out locked TRANQ on tranquil finance on harmony , solid af team though the current price action (chart) would send most running, today is actually a phenomenal buying opportunity as they had their pre-sale unlock, you can lock and earn 250% on trading/dex fees so your investment right now will pay 125% of your cost basis then you will get your investment back , this is paid out in stable coins / btc/eth/one and their own tokens fira/tranq For the last farm (which is risky) is fira-tranq just entered in a solid amount after taking some nice profits at the top knowing the bubble ( pays 1500% atm , mostly locked ) * know what you are getting into * I was roughly 50% locked tranq 40% anchor earn 10% fira Sold fira at top , moved to anchor earn ( 50/50 ) As of today due to opportunity cost I am roughly 60% locked tranq 15% fira-tranq and 25% anchor earn, I make about 400$ per day and I’m not even checking charts , come September I should have 2-3x my investment if everything stays equal , or I will 1.5x at 50% token loss , if price goes up well I’m happy camper I never look at charts anymore ( *but you need to know how people will react to news, so knowing certain dates is extremely beneficial*) just claim rewards and move to anchor earn Of course I also have a small piece of other stuff ( very small ) but it’s not enough to care , in things like star atlas ( solana ) or like 100 ada staking in an ispo or something
Yeah, I'm still a bit chicken to invest heavily in liquidity pools because of this. The only LP I invested in was JEWEL<>ONE because they offer particularly generous returns, and JEWEL's future and ONE's future are very much tied at the hip. Doesn't mean I don't nervously check my JEWEL to ONE ratio twice a day, lol. I suspect the same could apply to a TRANQ<>ONE pool as, again, Tranquil Finance and Harmony One are currently very dependent on each other. But for small dapp coins that are only a tiny piece of the pie, it's a great deal riskier. I don't know how much of ADA's TVL is tied up with SundaeSwap. I suspect that LPs composed of two high market cap popular coins will be more stable since they both tend to rise evenly. For example, SOL<>ADA, if such a thing exists, could be nice because those two competing networks tend to rise and fall together a lot.
Personal thoughts, the Tranquil Finance (TRANQ) end of things is getting the most attention first, and Mimas will come in shortly I reckon. It definitely has a good buy in price, and you get some juicy rewards for locking Mimas !
How do you sort through all the different coins to diversify into but not over do it ? Currently hold BTC NEAR ONE CRO TRANQ SAND(lil bit) Would like to get into something else, thinking about government push for eco friendly..seeing ALGO claim to be green is a positive. Their max chart though is a pump followed by a dump..then repeated. Not overall steady growth. Any tips or suggestions would be greatly appreciated 💚
Staking One is pretty fun! Currently have about 1/3 of my One staking with tranquil finance using their liquid staking. With my bag stOne I provide liquidity on sushi swap and then use the LP token to stake on tranquil.finance to get TRANQ! But there's more. I then turn that TRANQ into LP token with One to collect more TRANQ and finally I collect all my TRANQ and lock it in for 6 months for a slew of token! The rest I have in regular Harmony staking and I use Hermes defi a bit along with wagmi. Harmony has some crazy staking options.
I think the team did not do the best job initially with the TRANQ tokenomics. I think they have done a good job fixing them which has led to large increase in TRANQ prices. I understand their reasons for not making a cross chain ecosystem. It does not leave a bad taste in my mouth. I am interested in seeing how they do tie them together in the future with Defira.
You could buy Harmony ONE, withdraw our $ONE should be cheap. Go to a DEX like Sushiswap or defikingdoms or viperswap, get your wrapped BTC there. Bring it to tranquill finance to get interest rate on them, borrow against your BTC if u feeling u want explore the network more and yes you get some free TRANQ Token for that. Harmony is just a example, i guess it works also with other gen3 chains with low fees.
I reckon the snapshot has been done. But tranquil finance for TRANQ. Swap one for tranq on sushiswap. Tranq will play a key part in Harmonys Defira metaverse. (Hasn't dropped yet) Mimas on minas finance. It's on the cronos network. Swap cro for mimas on mm finance
It's for harmonys metaverse, swap ONE for TRANQ on sushiswap. They haven't notified about it yet so you could still stake your TRANQ on tranquil finance to get in on the airdrop. I'm hoping it goes as big as defi kingdoms or Mars colony 🤞
Before you say DFK is the only one, this is just the beginning. FUZZ CLNY TRANQ ROY HPLAY Defimons COSMIC The list goes on and on and there are tons more coming out as we speak. It’s happening. Game chain.
Pretty good roadmap for the year. Some stellar projects. Defi kingdoms and Mars Colony for example. Defira is coming out some point this year, should be good. TRANQ is still a good price to hold (game coin) They have a new project, Defimons, if it passes copyright (it's like pokemon metaverse) .. I reckon it'll BOOM for nostalgic reasons. I for one will go buy a computer just to play it. Low fees. I've got a big ol bag of ONE so take what I say with a grain of salt lol Harmony 💚 ONE to $1🚀
They got a good year ahead with bridges, coming out with defira..a meta verse. TRANQ will be the coin and can be found on sushiswap. Staked on tranq finance for some good apy and rewards. Harmony has a few good projects. Defi kingdoms, Mars colony both doing excellent
TRANQ: Not sure that I would buy at the current prices, but I could see it becoming top 500. They have built a use for the token ZNN: no longer outside top 500, but I am bullish on this project. It would not be a quick flip. There are some very good Medium articles on it
Harmony ONE fanatics ! You can swap ONE for TRANQ and get 35.4% for flexible staking, or 54.14% for locked in 6 month staking. (Plus rewards) It's Harmonys money market/liquid staking. They also have released they'll be talking part in a metaverse sometime this year !
I am a low cap investor. ZNN is one that I would really consider investing in now. In the past I recommended a TRANQ strategy that per $40 invested got you 500 TRANQ which is worth $300. I was a big fan of UNORE which I bought for $0.12 and sold for $0.95 (not all, but I am not sure I would buy in now). There was a great staking play. I advocated ONE at <$0.08 (I actually still think this is a good buy at current prices).