We are thrilled to announce that Pichi is one of the participants of
@Bybit_Official
,
@Bybit_Web3
WSOT Dex Wave 2024!
Trade PCH, and/or vote for us to stand a chance to win 1,000,000 MNT when our project gets into the Top 10!
Vote for us, every vote matters:
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 👇🧵
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.
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
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 👇🧵
$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
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:
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
Now live: Galxe/Discord Points
Points count towards accumulation of $Michi Points. 🚀
Earn points for engagement and contribution on the Michi Ecosystem. 💯
More details 👇
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.
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
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
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
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💀💀
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. 🚀
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👇
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
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:
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
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.
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
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 👇
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
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
When ETHFI claims went live, price shot up and dumped immediately.
As much as the delay was unwarranted due to multisig issues on the other party's end, affecting multiple projects, intern think it's safe to say:
We saved you from dumping lower + extra points for you!
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 👇
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. 🤑
I have been told that I need to "do less philosophizing and do more ethereum bullposting". Hence, here is an ethereum bullpost, courtesy of stable diffusion 3 inpainting + gimp.
We're excited to introduce our chain integration with
@0xMantle
and accelerate our vision of allowing for price discovery of tokens pre & post-TGE, to all!
Mantle users can now deposit mETH, USDe, sUSDe, YT (mETH, USDe) to earn Pichi Points & trade points in Pichi's Marketplace
🔊 Pichi will be present at
@MarioNawfal
's Space!
Join us to hear us discuss a wide range of topics across airdrops, points programs, and trading.
See you on Monday, Aug 19 2024, at 4PM UTC!🥳
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
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! 🔥️️️️️️
🔊 CLAIMS LIVE
PCH claims are now live on our official website! 🍑
Choose to claim your entire allocation, or stake it for a 3x Points Multiplier Boost to enhance your rewards in Airdrop Season 2.
Airdrop Season 2 snapshot is not taken yet, and will be taken on 1 October 2024,
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
📰 Weekly Updates - 23 Aug 2024
The team understands the concerns regarding launch and therefore, we would like to reassure the community that our treasury is extremely healthy, and the team is working on delivering exciting updates in the coming weeks.
More info 👇
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 👇
The PCH Checker for Airdrop 1 is live!
Check your eligibility here:
Please do not click or any other links than the official website from
@PichiFinance
.
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!
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
$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
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
As part of our efforts to foster ecosystem growth via PCH, we have several initiatives coming up that would be launched starting next week!
Learn more👇
Intern smashed a $WIF long on
@HyperliquidX
last Friday, after connecting their Pichi Wallet via WalletConnect.
Was down $1k at one point, but intern is back up.
Profits + Pichi Points + Hyperliquid Points (tradable once marketplace launches)
What more do you want?!
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? 🧵
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
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:
Pichi Finance's Governance Token (PCH) is now live.
Why Governance?
PCH will play a vital role in fostering growth and development for the continued price discovery of tokens pre and post-TGE, allowing for trustless points trading without collateral. PCH will also introduce
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
Not sure if Matrixport is trolling the market, but we are pretty sure that ETH at these levels are a steal pre-ETF trading.
NFA, but we love our ETH and will continue staking them with our Pichi Wallets! 🫶
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?
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👇
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 👇
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...
So anon, we heard you wanted to short ETH despite the ETH ETF going live for trading on 23 July?
WHAT A DEGEN, AND WE HAVE THE SOLUTION FOR YOU SER:
- Connect your Pichi Wallet to
@lyrafinance
- Deposit your ETH
- Short your ETH on 1x leverage
Earn:
- Pichi Points
- LDX
Introducing Showcase App:
@PichiFinance
!
Pichi Finance, the first DeFi protocol designed for trading points, enables users to trade points in a completely trustless manner, requiring no collateral and ensuring secure, guaranteed transactions.
With over 10,000 users, the
Max bid ETH at $2,900 which is pre-ETF approval announcement prices, or continue farming points?
It's a tough decision at this point in time.
The peach is in a dilemma. 🍑
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 👇
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.
Pichi 🤝
@0xMantle
🤝
@pendle_fi
Devs have been hard at work. 🫡
Deposits for the following assets from Pendle, on Mantle Network is now live!
Earn 3x Pichi Points Multiplier when you deposit the supported assets on Pichi today - just in time for Airdrop 2.
We are starting off September with a Giveaway Bonanza! On week 1, we are giving away 50,000 in $PCH!
Take part in the quest below and top the leaderboard.
50 winners will walk away with 1,000 $PCH each!
Join here:
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
Our body is ready.
But are our devs ready? It's either this week, or next week.
Soon, you can trade your millions of points to someone who's interested in them.
Want to exit the crypto market with your points? Here's the solution for you.
Feel like you have degen-ed enough on
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:
🚀 Launch of Marketplace 🚀
We are thrilled to announce the launch of the Pichi Marketplace, enabling price discovery on tokens pre and post-TGE!
Easily earn and trade points without the need for any collateral.
Join our Discord to request for access:
His wallets are drained, bags weak, assets are heavy.
There's FUD on his screen already, crypto spaghetti.
He's nervous, but on the surface, he looks calm and ready.
To HODL strong, but he keeps on forgetting.
That the JPY Carry Trade is still unwinding, the whole crowd goes
Points Trading Vs. VCs
It's time to talk about the importance of hedging your risks against BCs and protecting yourself like you would protect yourself with multiple partners - WITH A CONDOM. 🍌
A thread 👇