Unleash the Power of LunaX: Inviting Applications for Degen Strategists

What are Degen Vaults?

Degen Vault is a Stader smart contract that takes in LunaX deposits and has the authority to deploy it across DeFi protocols to generate additional yield opportunities for depositers.

The purpose of the Degen Vault is to simplify the decision-making for users regarding discovery and usage of further strategies on top of LunaX.

You can find more details here.

Who is a Degen Strategist?

Stader plans to power several Degen Vaults based on strategies by Terra’s own Degen Strategists.

A Degen Strategist would design the strategy for the vault and be responsible for the outcome of the strategy. Based on the APY the vault generates, Stader would share a portion of the revenue with the Degen Strategist.

As an example, a Strategy could look like the one below:

• Leverage 100 LunaX for 3000 UST on MM
• Leverage stake Luna with 1000 UST
• Buy Luna for 2000 UST, stake 1000 Luna to get ~1000 LunaX
• Provide Luna <> LunaX LP

How do Degen Strategists Benefit the Terra Ecosystem?

• Enable deployment of LunaX holdings across several Terra protocols, thereby enabling synergies across the Terra ecosystem
• Enable additional yield opportunities for over 16k LUNAtics who have minted LunaX
• Drive innovation by continuously testing and building new strategies that benefit the LUNAtics community

How do I Become a Degen Strategist?

If you want to be a part of the degen yields revolution on Terra with Stader, please apply on this link and our team will get back to you with next steps: