✍️Abstract enters the DeFi era. Sharing my mining strategy
Last week, @AbstractChain upgraded its XP system, empowering DeFi players. You can also earn passive XP by forming an LP.
As you can see, Abstract's TVL is growing rapidly, but it's still only 41M, still in its early stages. For those who don't have the time or are not good at playing games, forming an LP is the best path right now @xeetdotai
I'll share my current mining strategy for your reference:
1. Where do I mine?
My large position is in @AboreanFi, the leading DeFi platform with a TVL exceeding half of the ABS ecosystem and the largest number of participants.
My small position is in @KonaDeFi. The advantage is that there are fewer people involved, and forming an LP allows you to earn project points.
2. What LP do I Farm?
Most of my LPs are in WETH-PENGU, because I hold both coins for the long term, so it doesn't matter if their price goes up or down.
Other pools offer high returns with high risk, especially the ABX pool, which offers high XP but also carries high potential risks. Please evaluate for yourself.
3. Should I reinvest?
I've been reinvesting.
I exchange APX mined by LPs for half WETH, then create a WETH-APX combination. The goal is to leverage profits to support profits, making small investments into large ones.
4. A few things to keep in mind
① If you use PENGU to form an LP, this portion of PENGU will not qualify for the holding coefficient. I recommend @0xCygaar optimize this, as it will inefficiently utilize your funds.
② When adding LPs to Aborean, you can only create new positions; you can't add to existing positions or combine them. I recommend the project team optimize this as soon as possible to reduce the number of steps.
③ If you're an early user of Abstract, such as someone who has formed an LP or holds badges/NFTs, you can receive the initial APX airdrop:
Note that APX received is locked and cannot be sold, but you can participate in weekly voting and share rewards.
I previously invested for a week and just received over 80 USDT rewards. I'm continuing to reinvest.



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