$NIGHT is live on Cardano as Midnight enters the market with broad exchange support and immediate activity across the ecosystem.
Article: medium.com/tap-in-with-ta…
Leverage calculator now live on @surfcardano - looks like we're close to mainnet launch.
I'll be utilizing my current collateral around 1.4x leverage
At the Price Target I selected, i'll make an extra $7000~ using One-Click Leverage
Easiest strategy on the planet to earn more with ADA you’re not using…
Someone deposited 100k ada a few weeks ago while they weren’t using it, recently they took it out and earned an easy 1,000 ADA 💸
Surf is your ADA bank account accessible from anyone in the world 🏄♂️
A key part of any successful token is having good trading liquidity.
The surf/ada pair is now approaching 3M ada in liquidity, making it one of the most liquid trading pairs on Cardano.
On top of that -80% of tokens are already circulation and no emissions from incentives
Project Catalyst voting is now live.
Please support our proposal to build out Surf V2, featuring open source multi collateral lending pools with dynamic interest rates.
More details below.
Link: 🎯 projectcatalyst.io/funds/14/carda…
It’s a good day for surfing 🏄♂️
Your ADA bank account is ready to give you some of the best yield on Cardano
Larger holders can now easily live off their ADA rewards 💰
1M ADA = 70k ADA per year or 5,833 ADA per month
2M ADA = 140k ADA per year or 11,666 ADA per month
Quietly hitting new tvl all time highs, looks like we’re primed for 15m ADA by the end of this week 💸
We make borrowing so easy your grandma could do it 🍪
Quick example 🐍👇
If you have 5k ada worth of snek, you can use that as collateral to borrow 2.5k ada
You use that 2.5k ada to buy snek (which you will have to pay back, because it’s a loan), and snek triples in price, that snek is now worth 7.5k ada.
Makes sense so far? Let’s continue ➡️
You use that increase in price to pay off the 2.5k ada that you owe, profiting 5k ada straight up
Now that you’ve paid off your loan, you get your collateral back, which was originally worth 5k ada of snek, but since the price tripled that snek value is now 15k ada. Add the 5k ada of profit and you come out with 20k ada, and all you started with was 5k ada worth of SNEK tokens.
You need to account for fees but the borrow rate is 8% so relatively minimal, if you held that position for a full year you’d pay 400 ada in fees.
So, if you just held snek, without the loan, your position is now worth 15k ada.
With the loan, it’s now worth 20k ada (minus fees)
Effectively doing this trade is considered going long on snek at 1.5x leverage.
Of course in this example success depends entirely on the strong price appreciation of snek, but this is how you can amplify your gains in this market.
Thanks for the support and let us know if you have more questions
Not financial advice but here’s some DeFi strategy 101 if you think things will play out like this 👇
There was a large presale today for a Cardano project (surge) that is oversubscribed, typically this causes temporary lower prices of other projects, as seen today as many CNTs are down becuase people sell to get into the new sale
Typically (but not always) the price of projects return to normal in a few days, meaning potentially an opportunity to capitalize on the current dip
Let’s take $STRIKE for example:
If you’re bullish on strike you can use your strike as collateral to borrow some of the 278k ada that is available and buy more strike. This is essentially longing strike with 1.5x leverage.
If the price recovers, you can pay back the loan and keep the profits.
Of course, it relies on things playing out like that, and you never fully know what could happen, but these are some of the strategies you can start to build in your head and use as a way to identify potential opportunities on Cardano
At surf we prioritize both the protocol and the token
Sometimes there’s a great protocol with no focus on token development and other times there’s only token development with a bad protocol
We recognize both require time and attention for a project to reach escape velocity 🏄♂️
Living on passive income is now a real possibility.
With normal ada staking, 1m ada is only making a little over 20k ada per year.
Now large lenders can make over 80k ada or $75k per year.
2m ada, $150k.
5m ada, $370k.
Put your money to work so you have more time to surf 🏄♂️
Surf has 4 different token utilities 🐠
▫️ stake surf to earn ADA from revenue (live)
▫️ vote on the project’s future (live)
▫️ create new pools by holding surf (soon)
▫️ access more leverage (soon)
No token emissions from inflated APYs and ~80% already in circulation 🌊
We’re excited to announce Staking V2 is now live 🔥
Users can now stake their $SURF (to earn ADA) and use as collateral to borrow ADA at the same time.
Link: 🕹️ surflending.org
Good things happen when you surf the waves 🏄♂️
▫️ 2nd highest defi token volume
▫️ new TVL all-time high at 12.44m ada
▫️ new listings inbound
SURF is one of the most liquid tokens on Cardano with over 2.5m ada in trading liquidity 🌊
So good to be back 🫡
Preview of One Click Leverage dropping soon on @surfcardano
Trade long or short up to 1.8x leverage, powered by Cardano’s next-gen lending + borrowing protocol.
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