Pichi Finance x
@ether_fi
Starting today, we are thrilled to announce that we are giving out 3x multipliers on Pichi Points earning when you despot YT-weETH, weETH from into any of your sub-accounts on Pichi!
Read more 👇
Why Partner With
gmichi.
Besides minting rsweth YT to earn
@swellnetworkio
, did you know you can also mint PT on Pendle to earn Fixed Yield on your rswETH?
Up to 38.6% APY to be exact 🤯
Heavy dilemma to choose between YT and PT, so why not use both?
For the savvy yield and points farmers:
🌊 Swell up your points strategy with this Triple Threat:
1️⃣ Deposit rswETH YT from
@Pendle_Fi
on Michi
2️⃣ Earn $SWELL Pearls from
@SwellNetwork
, rswETH and Michi Points
3️⃣ Profit!
Steps 👇🧵
Imagine having spent thousands of dollars on fees, going around buying and selling your 'friends' months at a time, only to have your airdrop value drop from $10,000 to $100 in a few hours.
Here's how you can mitigate this issue 👇
@MichiProtocol
allows you to easily trade
We’ve officially integrated YT $rsweth for deposits on Michi! Depositors of the first 20 yt rsweth will get 5000 $michi points(min 1 yt deposit)
Existing YT holders can go mint a Michi Wallet for free and deposit their YT! Not holding YT yet? Simply go to
@pendlefi
and zap in.
For the savvy yield and points farmers:
🌊 Swell up your points strategy with this Triple Threat:
1️⃣ Deposit rswETH YT from
@Pendle_Fi
on Michi
2️⃣ Earn $SWELL Pearls from
@SwellNetwork
, rswETH and Michi Points
3️⃣ Profit!
Steps 👇🧵
The first week of 3X of eth and 2X of arb mainnet points is now over!
📌7000 YT
@pendle_fi
deposited across arbitrum pools
📌9000 YT
@pendle_fi
deposited across ethereum pools
Since we had such a successful launch, we will be keeping 2X multipliers for $MICHI points for the
Quick primer on YT:
⭐️ Leverage points earning. Which means if you buy $1K of YT, depending on the leverage, you are earning up to 100-200x of points on your purchase
⭐️ Deposit YT on Michi = $MICHI Points which = 🪂
Quick guide to buy and deposit YT:
$MICHI points are now live!!!
For depositors of YT
@pendle
and
@arbitrum
, you can now see the $MICHI points you have accrued over the past weeks...
Stay tuned to see what your $MICHI points will be worth.
#pointsfi
#defi
Putting a value to points and THEN trading them was proven to be quite difficult previously because:
1️⃣ Why are points valuable or worthless? Investors? Potential FDV? How much supply would be airdropped?
2️⃣ What makes up points? Are they difficult to earn, do you have to
gmichi
The Points Market on
@pendle_fi
has been all the rage recently, with huge ROIs obtained through YT.
On the other hand, for the savvy yield farmers and users who tend to err on the 'side of caution', PT yields on ETH are 5-10x higher than the usual staked ETH yield.
Now live: Galxe/Discord Points
Points count towards accumulation of $Michi Points. 🚀
Earn points for engagement and contribution on the Michi Ecosystem. 💯
More details 👇
Exactly the use case for michi!
People were far too bullish their $EIGEN airdrop, where in fact they should have been hedging by using our $MICHI nft wallets to be selling their points pre token drop.
Bullish points now for medium/longer term that multiple seasons for
gm
I think we should expect $EIGEN to be non-transferrable for quite a while (a few months at least).
From my understanding of the image below, we might see the entire 15% be airdropped before the token becomes tradable.
"Certain goals should be accomplished in the coming
New USDe, ezETH and eEth maturities are now live on on
@arbitrum
There are 3 days left ( April 17), for 3X $MICHI points for YT
@pendle
on arbitrum, so keep up those deposits!
#pointsfi
#defi
Token non-transferrable? Not when you have Michi.
Speculate, trade, hedge your points with Michi's tech and ride off into the sunset with free moolah.
You're welcome.
$EIGEN
$EIGEN is the most toxic airdrop of this cycle yet
only 5% is airdropped to $16B staked for two years
of which 90% goes to direct users (for the interest of whales, angels, insiders)
and only 10% goes to DeFi users like
@pendle_fi
all non-transferrable until DAO votes💀💀
Coinbase Research: Restaking has become the second largest DeFi sector on Ethereum. EigenLayer’s restaking protocol is poised to become the bedrock for a wide range of new services and middleware on Ethereum, which could generate a meaningful source of ETH rewards for validators
Thank you to all our supporters! 🙏
Just over 3 months of starting out, we have over 15,000 YT tokens deposited with us across
@ether_fi
,
@KelpDAO
and
@eigenlayer
, generating more than 1,000,000 Eigenlayer Points!
We are just getting started. 🚀
Ethena's boosted Sats Campaign is well known at this point, but did you know that you can take it 1 step further with YT and depositing it into Michi?
Here's the breakdown... 👇🧵
We all know that
@ethena_labs
offers 20% - 100% boost on your Sats earning provided that you stake
Pichi = Pioneers of subaccounts to farm airdrops and have a fat stack of points in multiple protocols... or for a lack of better name, gigachads in sybil airdrop farming all within one wallet.
Your move, anon.
As we work on our rebrand.. we would like to introduce to you a powerful tool you never knew you could use within your Michi (soon-to-be Pichi) Wallet.
Learn more👇
Your $MODE and $KIM airdrop arrived today, but it's nothing like you expected? 😭
Imagine having a protocol that allowed you to create multiple wallets, farm points and sell them at a speculative high...
Here's how Michi works:
Imagine having spent thousands of dollars on fees, going around buying and selling your 'friends' months at a time, only to have your airdrop value drop from $10,000 to $100 in a few hours.
Here's how you can mitigate this issue 👇
@MichiProtocol
allows you to easily trade
3x, 4x, 10x
@ether_fi
points? Pfft.
What if we told you there's a way to ∞x your points earning? (ethfi bros don't kill us for this)
1⃣ Create ∞ sub-accounts on Pichi
2⃣ Deposit your desired amount of weETH into ∞ sub-accounts
3⃣ Get ∞x $ETHFI
Guide:
Seasons don't matter at Michi when you are constantly rotating in the points farming game.
TVL overvaluation? Huge speculation and feeling like the airdrop is going to retire you?
That is when you come to Michi to stay grounded.
Some thoughts about 'SEASONS'.
When you are participating for a potential TGE, seasons shouldn't really matter to you when if you are in it for the long term.
Think of it as staying committed in a long-term relationship with a girl that you eventually wanna marry.
Wen update?
Here's a quick update!
✅ Dashboard experience is being revamped
✅ Easily review total points earned
✅ Claim yield, airdrops and list wallets for sale all in one click
✅ Review transaction history like a pro trader.
Want anything else? Comment down below 👇
UPDATE:
We removed all
@GalxeQuest
Passport requirements after feedback that it doesn't update for some of our members.
Remember, Galxe/Discord Points = Michi Points, and you know what Michi Points are for 😄
🪂 _ _ _ _ _ _ p
Thank you
@Signum_Capital
for the feature on your newsletter!
If you don't already know, you can now easily connect your Michi Wallets to any dApp with inbuilt Tokenbound.
Learn more here:
New Feature: Connect to your wallets with inbuilt Tokenbound! ⚡️️️️️️️
You can now connect to your created Michi Wallets on the dashboard and use them like any regular wallet.
Pay for gas with the main wallet you connected to Michi without having to transfer gas to your
Anon, you bullish on
@ethena_labs
latest announcement of including Ethena Network in their 2024 Roadmap, along with degen farming Sats and points?
We are too, that's why we present you the most basic of strategies to get yourself involved with the ecosystem.
Enjoy!
We’re excited to share that over 4.5B points have been accrued across all wallets on
@MichiProtocol
! 🔥
In the process, we’ve accumulated over $5M in TVL from YT deposits alone.
Create a Michi Wallet today and start accruing points from your favourite protocols, along with
Worried that you won't be able to claim your yield once you deposit into Michi? 😟
Those days are over.
Yield Claims, especially SY from YT Deposits, are now live on Michi's Dashboard!
Easily claim them with a click of a button on Ethereum on Arbitrum. 🤑
Direct Deposits for PT & LP from
@Pendle_Fi
Are Now Live!
Pichi Finance is thrilled to announce the support of direct deposits for Pendle's PT and LP.
Why deposit PT and/or LP with Pichi?
Read more 👇
New website, who dis? 👀
We recently upgraded our landing page featuring a sleek and clean design.
Additionally, devs are deep in the trenches building the marketplace along with a brand revamp!
Stay tuned for updates! 🔥️️️️️️
We’re excited to share that over 4.5B points have been accrued across all wallets on
@MichiProtocol
! 🔥
In the process, we’ve accumulated over $5M in TVL from YT deposits alone.
Create a Michi Wallet today and start accruing points from your favourite protocols, along with
Here's a good example that the team at
@MichiProtocol
takes security measures extremely seriously.
Any outreach attempts that are received will go through rigorous screening processes no matter who they claim they are or where they are from.
Please stay vigilant!
SCAM WARNING.
So someone that impersonated an 'intern' from
@TheBlock__
just tried to psyops us into giving up employee emails to send us phishing links.
Be aware of such attempts and always stay vigilant!
Today, we’re excited to announce the rebrand of Michi Protocol to Pichi Finance. This change is more than a new name; it reflects our commitment to making points trading as rewarding as biting into a juicy peach. 🍑
Learn more 👇
$REZ Claims Now Open on Arbitrum
Michi Protocol now supports $REZ claims on Arbitrum. Follow the step-by-step guide in the attached image to claim your $REZ seamlessly.
For any questions or issues, please open a ticket in our Discord Server. Your feedback is crucial to us as we
Study hedging, study points trading.
Trading wallets with points is like telling everyone:
'This is how I am able to claim my airdrop before TGE arrives.'
No more disappointing airdrops - only happy endings. 😚
5/
🍴 Before we head home, how about a feast? 🧑🍳
Join point farming with Michi Protocol. Start trading points with your YT-uniETH even before Eigenlayer and Bedrock TGE. Dive in at
$mETH -> $cmETH
Composable LRT with various strategies and upcoming DAs
Curated strategies by trusted risk managers within the industry
4 of more yield sources baked into a single LRT
Time to cook up some $cmETH
So what's next after points, quests, XP and milestones in airdrop farming?
CT is always going to look for the next narrative to hop onto, and when something loses its charm, they quickly search for and hop on to the next one.
At the end of the day, if you can be farmed, you
1/ Airdrop farming with points is losing its hype.
But points are just the latest trend in our ongoing token printing experiments.
So, what's next for points, airdrops, and token printing? 🧵
Downside risk explained
❌ Potentially disappointing airdrop upon TGE
❌ Not hedging against an opportunity cost with your capital used for farming
Opportunity costs in crypto can be costly. What if you had to decide between aping $10,000 into a memecoin, or locking up the
Hate that you are ONLY earning up to 43.45% APY, but you are missing out on points because
@PendleIntern
couldn't be bothered to get management to make PT much more sexier as YT/LP?
We bring you 43.45% APY PLUS xx% APY on:
- However much speculation and thought you think Pichi
basically imagine you can sell your wallet and all the assets/points in it just like how you sell a token
in other words, your wallet itself is a token
New Feature: Connect to your wallets with inbuilt Tokenbound! ⚡️️️️️️️
You can now connect to your created Michi Wallets on the dashboard and use them like any regular wallet.
Pay for gas with the main wallet you connected to Michi without having to transfer gas to your
How to Deposit and earn $MICHI points?
Step 1. Connect your metamask/wallet connect
Step 2. Mint a $MICHI NFT Wallet on Arbitrum for free
Step 3. Deposit your YT rseeth,ezeth, or eeth
Step 4. See your
@eigenlayer
and protocol points accrue
Step 5. Earn $MICHI points
Here's the thing:
The recent points and airdrop meta is changing, and airdrops are becoming much more of an APR/APY game rather than a lucrative way for early users of a project to be incentivised. Whales take it as an easy way to farm increased yields and dump the tokens
$DRIFT is trading around $0.30, down 21% from its last traded pre-market price
@WhalesMarket
It was consistently trading around $1.30 for the first few days on Whales Pro.
In the current market, selling 50% of your alloc on pre-markets can be a solid play, wdyt?
Lord, please give me the strength to find the next project with points that would pay out 5-10x the capital I invested 🙏
What if we told you can stop wasting your time praying and looking, and trade points on Pichi instead with no 'downside risk'?
We explain 👇
As we work on our rebrand.. we would like to introduce to you a powerful tool you never knew you could use within your Michi (soon-to-be Pichi) Wallet.
Learn more👇
What if we told you that besides hedging on
@SiloFinance
with PT, you'd be able to still purchase your YTs, deposit them into Michi, then potentially trade these wallets to recoup your investment basis?
Soon™
Grand rising brethren and welcome to another classic Silo Intern strategy.
This big brain doo-hickey taps into our newly launched sETH-PT-eETH Pendle pool to:
1⃣ Boost yo' yield
2⃣ Get yo' points
3⃣ Hedge yo' costs
Let's take a looksies 👇
Many users are experiencing error messages or high slippage for buying Arbitrum
@pendle_fi
YT to deposit into Michi today.
We suggest swapping smaller amounts to not incur slippage or wait for our Ethereum mainnet launch next week...
TGIF! We have a new article for you.
TL;DR:
🍑 9,444,818,473 points distributed in Season 1, Season 2 is underway
🍑 Soon: Direct LRT deposits
🍑 Soon: Weekly campaigns with point multipliers
🍑 Very soon: Launch of marketplace
Read more:
Speculate on FUD further by trading points on Michi.
We know everyone just loves speculation, and being able to enable that here is multifold times better than just speculating in your mind.
If you've been point trading, one thing has probably been on your mind:
𝐹𝑈𝐷
𝐴𝑏𝑏𝑟𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛; 𝑓𝑒𝑎𝑟, 𝑢𝑛𝑐𝑒𝑟𝑡𝑎𝑖𝑛𝑡𝑦, 𝑑𝑜𝑢𝑏𝑡.
However, we actually have 𝐦𝐮𝐜𝐡 more clarity on the true value of points thanks to extra information from Eigen and LRTs
👇
'Hey babe, direct deposits of LRTs, USDe and ENA are live on Pichi but I am not sure how to deposit into their wallets, it's all so confusing!'
*Cues hero music*
'Hold my beer, I got this.'
Presenting to you a quick 55s tutorial with LoFi music on depositing
@Bedrock_DeFi
Direct Deposits for LRTs, USDe, and ENA Now Live on Pichi Finance
Pichi Finance is thrilled to announce the launch of direct deposits for Liquid Restaking Tokens (LRTs), USDe, and ENA.
Season 2 of Pichi Points are already underway, and you will be able to earn more points and
Besides trading points in our upcoming marketplace.. there are some really degenerate stuff you do with your Michi Wallets you never thought you could do.
Everyday, we will share one useful way you can make use of your wallets!
Here's one method to start:
👇
Dear users,
We would like to inform you that there is a Discord server that is impersonating our previous name.
Our only official Discord server link is .
Please DO NOT connect to the old link.
Long post on points and downside risk ahead:
Respect is due for the Hyperliquid Team for constantly delivering and taking on a massive undertaking of building an entirely new L1 simply for onchain perps and spot trading. They have also delivered by enabling permissionless
When Hyperliquid launched, the goal was to become the best perps DEX. Today, the vision has expanded to that of an entire financial ecosystem, starting with native spot trading and deployment through HIP-1 and HIP-2.
The L1 season of points starts today to reflect this growing
Time for a ultra deep dive into
@pendle_fi
YT
Those who aped into
@ethena_labs
YT-USDe a month ago will be handsomely rewarded Tuesday when $ENA drops. If you have fomo, want to learn about what YT are, how they’re priced, and which one you should look at today, read on
Singapore's largest bank holding Ethereum and you are still on the sidelines anon, fudding ETH?
Imajin using 173.7k ETH to farm
@etherfi
,
@Bedrock_DeFi
,
@swellnetworkio
and many others.
IMAJIN THE SMELL
We've identified this $650m $ETH Whale holding 173.7k ETH as DBS, the largest bank in Singapore with assets totaling S$739 billion as of 31 Dec'23
This address has made over $200m by holding ETH... 🤯
Track the address on Nansen here: 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e
Now would be a very good time to start depositing into
@swellnetworkio
, then creating multiple wallets on
@MichiProtocol
for maximum degeneracy... sorry, maximum allocation. 🫡
Where our Aquanauts and Pearl Divers at?!
Voyage Airdrop Increase 🚢
Swell is now finalizing the necessary arrangements for TGE. This includes the auditing of rswETH withdrawals, which will be crucial to ensuring that redemptions can be made in an orderly manner.
Given the uncertainty around audit results and the
Have different Web3 sub-accounts but gas fees on ERC-20 turning you off?
Our frens at
@Karak_Network
have introduced integration with Arbitrum, allowing you to easily create valuable sub-accounts without killer gas fees so that you can eventually tokenize your Karak XP easily!
Universal Security Expansion
We're thrilled to introduce our chain integration with
@Arbitrum
Users can restake stablecoins, LSTs, and more to provide security across the ecosystem
Native restaking on Arbitrum, powered by Karak🍊
Learn more here:
New: YT-sUSDe Karak 🪂 Highlight
By popular request, here's the sUSDe version of
@Karak_Network
YT on Pendle:
Estimated Total APY = 730%
Estimated Profit = +98%
TLDR:
• Figures based on 1,000 USDe buy of YT-sUSDe (Karak) at time of writing (31.3% Implied APY)
• Daily Karak
Fairest launch in DeFi = 100% unlocked = VCs and investors dumping on you the moment it starts trading.
And then we have projects like
@pichifinance
giving individuals like you and me the opportunity to trade points before TGE and hedge your bets with no downside risk.
What's
Fairest Launch in DeFi
Here's how:
🔘 100% of the supply unlocked at launch
🔘 A Liquidity Bootstrapping Pool (LBP) pre-listing event. All proceeds will go towards Treasury-owned DEX liquidity.
🔘 Airdrop to the most active users and community members. Snapshot 🔜
Or if you are not that tech savvy, stake $pufETH using Pichi's sub-accounts, earn Pichi and Puffer points.
You can 'pretend' like you are a validator without having the headache of setting up a validator!
Then, trade points at our marketplace , launching
Run an Ethereum Validator on Puffer using only 2 ETH
@puffer_finance
.
No other token needed.
Lowest barrier of entry to running a permissionless validator in the industry.
Our referral system and leaderboard is officially live! 🍑💎
Pichi users can earn more points and easily climb up our leaderboard by referring more friends and to use Pichi!
Let's unpack ↓
1️⃣ Buy PT-eETH on Pendle
2️⃣ Do nothing with it, earn 25.06% APY on ETH
3️⃣ Go one step further, deposit into
@Aark_Digital
AALP, earn 32.15% APR!
How can Aark's AALP allow for the deposits of PT?
Aark's AALP is hyper-diverse and allows for the deposit of any ERC-20 token, which
The ZKsync Airdrop was just announced today, with 17.5% of the token supply allocated to the community.
✅ The good:
- Each wallet received a minimum of 917 tokens, up to a maximum of 100k.
- Points were awarded for organic interactions with DeFi protocols (trades, LPs).
So here's some basic intern math on
@Karak_Network
, along with a 4-in-1 airdrop strategy. Maybe you can also multiply that by x amount of sub-accounts you are creating on Pichi:
Depositing WeETH earns you 2X EtherFi Multiplier
And that also earns you a 1x Karak Multiplier
If
Our frens at Pendle has given us an airdrop of $ARB from their STIP-b!
Phase 1 of the STIP-b Rewards will run for 3 weeks, and all you have to do to obtain $ARB is deposit either of the following:
- YT-eETH (26 Sept)
- YT-rsETH (26 Sept)
- YT-ezETH (26 Sept)
More info 👇
Our new deposit dashboard is live!
You can now easily segregate between our supported assets: PT, YT, LPT, LRT or Ethena.
Easily identify assets with extra multipliers as well to make faster decisions so that you can earn more points!
Try it now:
Pichi Finance x
@ether_fi
Starting today, we are thrilled to announce that we are giving out 3x multipliers on Pichi Points earning when you despot YT-weETH, weETH from into any of your sub-accounts on Pichi!
Read more 👇
Why Partner With
Usually this is one of the signs of froth, top signal and time for you to exit.
But... VanEck...?! One of the top asset and investment management firms in the world...?!
H I G H E R
@vaneck_us
intern maybe you guys wanna introduce a points program? We'd integrate you in a
We've raised our 2030 ETH price target to $22K, influenced by ether ETF news, scaling progress, and our read of onchain data. Additionally, we've analyzed how ETH and BTC perform in both traditional and crypto-only portfolios for optimal returns.
@Matthew_Sigel
@Patrick_Bush_VE
Season 1 of Pichi Points concluded on May 1, and we are thrilled to share the incredible milestones we’ve achieved and the exciting plans we have for Season 2.
Here’s a detailed look at our accomplishments and what you can expect moving forward.
Season 1 Highlights
1️⃣Points
Referral Codes + Leaderboard Ranks
Referrals and our leaderboard has been live on Pichi the past few days, but some of you might still be confused on how to access your unique code...
So we put together a quick guide to show you how to do so!
P.S, we all know you'd love to
The Munchables developer has shared all private keys involved to assist in recovering the user funds. Specifically, the key which holds $62,535,441.24 USD, the key which holds 73 WETH, and the owner key which contains the rest of the funds.
Upcoming:
- Easier identification of assets.
- Highlight of assets with points multipliers for easier 'aping' decisions.
Stay tuned for more sneak peeks!
EtherFi's StakeRank ends June 30.
Approximately 384 hours to go before ETHFI Season 2 ends.
StakeRank has the following:
- 8 levels
- Requires 100 hours of staking eETH/weETH to advance 1 level
- Requires min. balance of 0.1 eETH/weETH to advance ranks
So with all that said,
Our frens at Pendle has given us an airdrop of $ARB from their STIP-b!
Phase 1 of the STIP-b Rewards will run for 3 weeks, and all you have to do to obtain $ARB is deposit either of the following:
- YT-eETH (26 Sept)
- YT-rsETH (26 Sept)
- YT-ezETH (26 Sept)
More info 👇