Investing $1000 and getting a great return
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If you have spare money and would like to do some investment, I am going to introduce WagmiDao and I think it will bring me a great return.
WagmiDAO is the first multichain Reserve-backed Decentralized Exchange (RDEX). It’s focused on growing its own Treasury and the value of the native token.
I am investing in WagmiDao because of the reliable ecosystem and I believed the Treasury will grow up fast on the next crypto market ramp-up.
Simply to say, the Wagmi’s Treasury got solid ways to grow. Once more funds go into this ecosystem, the Stablecoin $FAM and the native token $GMI will become healthier. This is a solid project!
Disclaimer: This is not financial advice, if you want to further understand the ecosystem, you should do your own research (DYOR) on their document site and Medium site.
How to Earn
There are many ways you can earn in Wagmi.
Liquidity providers earn a 0.15% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity.
2. Farm
Staking the LP token and getting great rewards
3. Bond
You can mint $GMI with a discount price. If you find the 5-day ROI is higher than the $GMI stake ROI for 5 days, you can buy the bond and you can claim the reward and stake immediately.
4. Staking
Staking $GMI with a great APY and the reward will auto restake for every 20s. the current stake rate is around 0.9% daily ROI after the first DAO voting for reducing GMI emission in order to lower the impact during this tough market. The staking ROI will be restored back to 100% emission and the daily ROI will be more than 2.4%.
I am focusing on bonds and staking to gather more $GMI tokens. The current price is extremely attractive. Assume I put $1000 for 20000 $GMI tokens, and put them to stake, there are the results.
If I put the 20000 GMI token to stake with 5% 5-day ROI, after 100 days, I will get more than 53000 $GMI!
If I put the GMI token to stake with a 12% 5-day ROI, after 100 days, I will get more than 190000 $GMI! Assuming the price of $GMI does not change and I will get a 950% return in 100 days! Moreover, I have strong confidence $GMI will keep growing while WagmiDao gets more public awareness.
The 2nd Chain is coming
The 1st Chain is Harmony which is outstanding, undervalued, and has great potential to expand the market share. WagmiDAO will take advantage of this high-speed growing blockchain.
Per Wagmi’s roadmap, the 2nd chain will be implemented in Q1 2022. After this implementation, I believe there will be more investors rushing into WagmiDAO and the price of $GMI and the Treasury will grow at a rapid rate. Hence, it is a good change and very early state to gather more tokens and prepare for the explosion!
Roadmap
Conclusion
WagmiDAO is the first multichain Reserve-backed Decentralized Exchange (RDEX). It’s focused on growing its own Treasury and the value of the native token.
It provides various ways to grow its treasury and for investors to grow their funds, like Liquidity Provider Rewards, farming, bonds, and staking. Investors can manage their risk by arranging their funds for different products in Wagmi.
The 2nd chain is coming and WagmiDAO is expected to get rapid growth by new adopters coming after this implementation.
So, I believe it is a chance to get into the high-speed train when $GMI is still at an attractive price!
