UMA & REN joint mining, a minimalist tutorial on one mine and three mines
Editor's Note: This article comes fromXiong Xiong Hui, reprinted by Odaily with authorization.
, reprinted by Odaily with authorization.
The market is not supported, and the APY of all mines generally falls.
Two days ago, Coi.nBase's UMA and the well-known project REN launched joint mining.
In the previous article, it was written "Star Defi-Head Mine! UMA, the ancestor of IDO's hundred times, annualized 250% mining + non-destructive arbitrage tutorial~", this is the second phase of UMA's flow.mobility.mining.mining.
Not much to say, just dry goods.
This article directory
This article directory
1. Activities
(2) Activity content
2. Mining rules
2. Mining rules
4. Minimalist Tutorial
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1. Activities
(1) UMA and REN
UMA, Synthetic Asset Agreement, similar to Synthetix.
Moreover, Gongmu of UMA is the starting point of this round of Defi-1DO
Different from Synthetix, which relies almost exclusively on oracles, UMA has distinctive features:
First, there is no need to "feed the price", and the user automatically assumes the function of the oracle.
Second, Synthetix's synthetic asset mortgage is a global public sharing, that is, the market, business, bear, risk, and risk; while UMA is mainly the minter's mortgage.
REN, an open protocol, previously focused on dark pools. After RenVM was released in May this year, cross-chain Defi operations can be realized through dark nodes, just like Lego blocks.
The well-known ren pancake comes from it.
(2) Activity content
2. Mining rules
2. Mining rules
as form,
as form,
First, Balancer has passed the uU whitelist, and can obtain the procedures fee+BAL+UMA+REN, one mine and three mines;
Second, according to the current flow of 900,000 U and the current price of UMA & REN & BAL, APY is about 1000%;
Fourth, APY Feitian is fast.
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3. Matters needing attention
First, uU is not a general stable B, but a period B, with relatively large fluctuations, and short-term liquidity may suffer a small loss;
Second, APY is closely related to the size of the pool, as well as the price of UMA & REN & BAL;
Third, if there is a market similar to 312, uU will be liquidated;
Fifth, if you add directly through Balancer, the slippage is high.
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4. Minimalist Tutorial
Considering that there are relatively few people casting, the casting tutorial will not be published first.
Each of the following steps requires wallet confirmation, and the space is limited, so the confirmation process is omitted below.
Take the example of adding liquidity with U alone.
Step one, log in and select
