This past weekend was a very special one as the Team and I worked to finalize the last few steps of our Lif3 Trade soft launch. APRs have been increased, fees have been reduced, and some tweaking under the hood has left us in a great position to start getting the word out about this amazing product. Work continues behind the scenes with Fountain Ratios, Lif3 Wallet, Terrace, and Greenhouse going cross-chain, amongst other things.
Bitcoin is currently consolidating under structure levels rejected last August. Momentum has been with the Longs so far for the year, and I remain cautiously optimistic for the short term.
Since we are past the bottom (possibly) Price Targets for the Next Bull Run!
Lif3 Trade Fees
Yesterday the fees for Lif3 Trade were reduced to 0.05%! I strive to deliver the best product with the best user experience, and what better way to do that than to offer incredible value to all our users? This is a gift to all the traders out there; whether you are a professional or aspiring to be, you now have a home for your perpetual needs.
Trading on Lif3 Trade
Trading on Lif3 Trade couldn’t be easier and now brings incredible value to all our traders out there. Lif3 Trade offers both Market Orders and Limit Orders when entering or exiting positions. The leverage slider allows you to increase leverage for more exposure, and the Swap feature allows you to quickly swap in and out of $FTM, $WFTM, $BTC, $ETH, $BOO, and $USDC. The Trigger option is available once a position is open, and this will allow the trader to place Stop-Loss and Take Profit orders so they can place their trade and walk away in peace.
Lif3 Trade Staking
If you are not into trading just yet, we have you covered with the staking side of Lif3 Trade. There are multiple staking options available to all users. The easiest option is using $LIF3 to stake on the platform. Simply head to the EARN tab (https://trade.lif3.com/earn) and single-stake $LIF3 in your wallet, or you can buy $LIF3 on Lif3 Swap or Felix.com. Current APRs are over 80%. $LIF3 is not only the utility token but will also be the future gas token of our upcoming Layer 1.
Below is a breakdown of the rewards for staking $LIF3, $LLP, and $esLIF3. I’ll talk more about staking LLP in the next section of this TT. Note that the $esLIF3 rewards a user receives when staking $LIF3 can be further vested and converted into $LIF3.
$LIF3: Earns $FTM, $esLIF3 and Multiplier Points (Single-Stake)
$LLP: Earns $FTM and $esLIF3 (this is automatically staked when minted)
$esLIF3: Earns $FTM, $esLIF3 and Multiplier Points (Single-Stake)
Multiplier Points: Boost your $FTM APRs when utilized
Minting LLP
$LLP is the liquidity provider token that earns a portion of fees for those who provide liquidity on Lif3 Trade. The $LLP is a basket of $FTM, $BTC, $ETH, $BOO, and $USDC. When a user provides liquidity to Lif3 Trade, they are mining $LLP. This $LLP is automatically staked and earns $FTM and $esLIF3. $LLP provides the benefit of earning yield and getting exposure to the indexed tokens in the basket. I have recently updated the caps for each pool which can be seen on both the LIQUIDITY and DASHBOARD tabs. Users can take advantage of using certain tokens while a pool is above or below weight to reduce fees. For example, currently minting $LLP with $BOO will incur the lowest fees on the platform.
Lif3 Trade 101
The first time you head to Lif3 Trade can be overwhelming. The team has simplified the path of least resistance to get started on the staking side of the platform. Take a look at the image below and follow along. Once you have gone through the process a few times, it will become very easy. The following example should help eliminate some of the confusion.
Step 1: Go to the EARN tab on Trade.Lif3.com and Stake $LIF3 or head to the LIQUIDITY tab to buy (mint) $LLP
Step 2: You will automatically earn $esLIF3, $FTM, and Multiplier Points for staking $LIF3, and you will earn $FTM and $esLIF3 for minting (and automatically staking) $LLP. These will be displayed in the Total Rewards section on the top right of the page
After rewards have started accumulating, you have two options:
Option A: Stake your $esLIF3 to earn additional rewards
Option B: Deposit your $esLIF3 to unlock $LIF3 on a vesting schedule — this can be done by allocating $LIF3 or $LLP
Lif3 Swap Upgrades
While we are on the subject of all things trading, Limit Orders are coming to Lif3 Swap. This feature allows a user to set a price at which they want to buy or sell a token and wait for the market to fill their order instead of using the instant Market feature. This feature should help to increase the user experience and add flexibility when swapping tokens on Lif3 Swap. For those who want to preview and start using Limit Orders now, they are live at: http://beta.lif3.com.
Cross-Chain Lif3 Additions:
The Terrace and the Greenhouse have made their way to Polygon and BNB Chain and are now live. Lend your assets or leverage LP for more farming and liquidity provider rewards. What’s not to like about Lending, Borrowing, and Auto Compounding? The Greenhouse allows users to stake tokens for “stl” or receipt tokens and generate yield based on the lending APR in the Terrace. The Terrace and the Greenhouse are complementary and are great additions to Polygon and BNB Chain.
Enjoy Lif3 headed to Denver:
From the team that brought you Quantum Miami, “Enjoy Lif3” is positioning itself to be the flagship afterparty and networking event for the upcoming web3 conferences globally. The next stop on the tour is ETHDenver! Taking place March 2nd-5th in the heart of Denver, ETHDenver is a must-attend event. With the industry’s top developers, VCs, protocols, communities, and innovators, enjoyLif3 is excited to join the ranks as one of the must-attend events of the week.
Join us:
March 2nd, 5 -10 PM
Mirus Gallery
1144 Broadway, Denver, CO 80203
We look forward to welcoming you with Food, Drinks, Swaggg, Live Music & Good Vib3s
Website: https://www.enjoylif3.com/
Ticket Claim: https://www.tixr.com/groups/mirusdenver/events/enjoylif3-62222
It’s Time to Spread the Word:
Our community is our most valuable asset. Your feedback and suggestions help shape everything that we build. I’m calling on everyone to help spread the word and welcome new members into our socials with open arms. The new Lif3 Discord is open, and we’ll be implementing some new fun and engaging ways to earn Roles and become beacons of light for new members as they start making their way in. If you haven’t joined Discord yet, you can do so here: https://discord.gg/lif3
You can get started with our new Crew3 Quests here: https://crew3.xyz/c/lif3/invite/_ZF08PWRY3rQ1W0n-vqng
Λ Lif3 in Crypto
Please enjoy this week’s comic.
KEEP CALM, AND ENJOY LIF3!
