You may wonder why EVMOS is pumping since it increased by 19% in the last 7 days and by 9% in the last 24 hours... In a bearish market.
There is a very simple reason: it is currently possible to get 800%+ APR (Annual Percentage Rate) on EVMOS.
How is it possible?
According to TokenInsight:
Evmos will distribute 2.7 million $EVMOS (~$4.4 million) liquidity incentives over the next 90 days to the relevant liquidity pools on Kinesis Labs, Osmosis, and Diffusion Finance, the stablecoin trading protocol. This includes the axlUSDC/ceUSDC/gravUSDC, USDT, DAI liquidity pools on Kinesis Labs and the OSMO/EVMOS pool on Osmosis, as well as the EVMOS/ATOM, EVMOS/WETH, EVMOS/WBTC pools on Diffusion Finance.
How to proceed?
According to Evmos Intern (on Twitter), you can proceed as follows:
Firstly, the opportunities depends on your risk tolerance Very Low Risk (0-20% APR): Delta Neutral, Smart Contract Risk, Bridge risk, Stablecoin Depeg risk Low Risk (150-400%+ APR): Price risk, Slashing risks
Medium Risk (400–800% APR): Low Price Risk, Low Impermanent Loss, Bridge Risk, Smart Contract Risk
High Risk (400–900% APR): High Price Risk, High Impermanent Loss, Bridge Risk, Smart Contract Risk
Well, that's a bit fuzzy... Looking at Diffusion Finance, Kinesis Labs and Osmosis, the highest APR available so far on EVMOS itself is 70%+. Not so bad, but far from 800%. So it seems the pools and farms on these protocols are going to be updated further to the announced cash injection. Stay tuned!
As a reminder, EVMOS is the missing link between EVM (Ethereum Virtual Machine) and Cosmos. Therefore, it benefits from the growth of Ethereum (ETH) and Cosmos (ATOM) at the same time, and it is the only token (as far as I know) that you can have both through Metamask and Kepler wallets. Therefore, EVMOS is a pretty high potential Crypto participating to the DeFi development, although it might turns bearish in the short term...
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
Please find below a few more links to earn a few more coins...
