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Hey guys, in today’s video we are going to learn what is Loop Finance on the Terra Luna Ecosystem.
Loop Finance is an Automated Market Maker DEX on Terra. The platform would list Terra-based tokens and allow swapping of Ethereum and Solana tokens with the help of Wormhole Bridge. Further, the platform would integrate with Thorchain and enable access to many other crypto assets such as BTC, LTC, BNB, and ThorChain Synthetic Assets. On Community DEX (Decentralized Exchange) there are such opportunities as Earn, Yield Farming, Withdraw, Liquidity Pools, and Trade.
We will see how farming and staking work on Loop Finance. By staking LOOP tokens or any other tokens, your share of the rewards will be added to the pool and increase the size of your position in the pool. New rewards will be based on your new position size until you decide to withdraw your stake and claim your rewards at the same time. We will take a look at the features and see the kinds of farms we have.
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Useful links:
Loop Market Main Website:
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DEX Loop Markets:
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DeFi Llama Main Website:
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Timestamps:
00:00 Intro
00:55 What Is Loop Finance
04:30 The DEX Feature
07:05 Farming On Loop Finance
07:49 My Strategy
09:26 Staking On Loop Finance
10:37 Outro And Summary
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⚠️⚠️⚠️ #Loop #Markets #Terra #Finance #Farming #Tokens #Tutorial #Guide #DEFI ⚠️⚠️⚠️
The content in any of Johnny's Youtube videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information.
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
I am just sharing my knowledge and my findings.
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Until next time,
Johnny Time
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