Trisolaris: High Double-Digit or Even Triple-Digit Yields
I hope you're all registered for Dr. Martin Weiss' Jan. 11 event, The NFT Investor's Summit. If not, click here.
Now, let's take a quick look back to 2021. As you'll recall, I walked Dr. Weiss through our Level 1 opportunity, going for 19.5% annual percentage yield (APY) on the Anchor Protocol. (You can watch how he did it here.)
Now, let’s start 2022 with a bang, aiming for even higher yields.
But before we do, a few words of caution …
First, needless to say, the higher the yields, the higher the risk. With today’s yield opportunity, for example, while half of the deposit goes into my favorite stablecoin — TerraUSD (UST) — the other half goes into a volatile asset.
So, among the funds you’ve allocated for crypto yield hunting, I suggest you use only about 5% max.
Here’s the Crypto Yield Hunter breakdown that Dr. Weiss is planning to adhere to:
- 20% in Starter Level — stablecoins on centralized exchanges
- 65% in Level 1 — stablecoins on decentralized exchanges
- 10% in Level 2 — half stablecoins, half variable-price coins
- 5% in Level 3 — half stablecoins, half variable-price coins of new up-and-coming projects
Please note that I have redefined Level 3. Instead of going for pure profit, I am recommending that Dr. Weiss stick with yield opportunities.
Second, sometimes, when we reach for higher yields, we also have to take more steps to get there. Each step is easy. But the full sequence of websites you need to go to and buttons you need to press can be overwhelming for some people.
That’s precisely why Dr. Weiss and I hopped on a Zoom conference, why I gave him very specific instructions and why I recorded everything right here for you.
Third, unlike the Level 1 opportunity, the rates jump around quite a bit. For example, last Friday, when Dr. Weiss tested it out, it was 127%. Now it’s lower.
But don’t let that bother you. I will monitor it continually. If I think it’s time to switch to something similar (or better), I will let you know.
Trisolaris.io, a Decentralized Exchange Built on the NEAR Protocol Blockchain
This yield opportunity is on Trisolaris.io, a new decentralized exchange (DEX) still in its early stages of growth. That’s what allows us to go for such high rewards.
Plus, the NEAR network has no gas fees.
Yes, you heard it right: Once we move our assets to the NEAR network, transactions literally cost you nothing.
So this raises the question:
Why does Trisolaris offer such a high yield?
Because it’s a younger DEX seeking to attract liquidity. And to repeat … while that offers vast growth potential, it also exposes us to more risk.
So, if you’re ready to follow along with Dr. Weiss, go ahead and watch our Zoom session now so you can see everything for yourself.
Plus, for your convenience, here’s a summary of the steps we followed …
Step 1. Send Ethereum (ETH) from your centralized exchange account to MetaMask.
If you’ve followed our Level 1 recommendation, you should already have both a centralized exchange account and your MetaMask wallet set up.
We also have a guide walking you through how to send crypto assets from an exchange to MetaMask here.
Step 2: Bridge your Ethereum to the NEAR blockchain. Then, exchange it for the NEAR native token (NEAR) and TerraUSD (UST) stablecoin.
Please note that on NEAR, the UST we want to use is called atUST, and the version of the NEAR native token we want to use is wNEAR.
Step 3: Deposit your crypto pair (NEAR/UST) on Trisolaris.
We’ll deposit this pair of cryptos on NEAR decentralized exchange, Trisolaris.
Here’s a recent screenshot. (Again, the yield you get is bound to differ.)
Your yield farming rewards will be paid in Trisolaris’ native token called TRI. You can claim it whenever you want without affecting your original deposit.
As I’ll explain next time, when it comes to how to handle your rewards (yield), you’ll have three choices:
- You can just let it ride. Your yield rewards continue to accumulate in TRI. And they can either appreciate or depreciate, depending on the market.
- You can claim your rewards and convert them into UST. Your interest will then be pegged to the U.S. dollar and, in effect, you’ll lock in their value.
- You can claim your TRI rewards and redeposit them to earn interest on your interest. This can give you a compounding effect.
For now, we’ll go for choice No. 1. Just let it ride.
More Background on NEAR and Trisolaris
Trisolaris.io is the first DEX built on NEAR Protocol — an up-and-coming smart-contract blockchain built by two former Silicon Valley insiders, Alex Skidanov (from Microsoft) and Illia Polosukhin (from Google).
During the 2018 bear market, these two engineers got a “big, fat” $50 million from an accelerator program to build NEAR.
Don’t laugh. The program was Y Combinator, which helped kick-start some of the largest tech projects like Coinbase, Dropbox, Airbnb and even Reddit.
What is NEAR exactly?
It’s a delegated proof-of-stake blockchain that uses sharding — a method of splitting and storing a single logical dataset in multiple databases — to optimize performance by ensuring no one point of data storage gets overwhelmed.
More important for our purposes, though, is the NEAR project built on the “Aurora Ethereum Virtual Machine.”
That’s the engine that allows Trisolaris to be interoperable with the Ethereum network.
In other words, it works in sync with the Ethereum network and gives you the option to switch back and forth easily. But it does NOT get bogged down by all the traffic — and high fees — that have plagued Ethereum.
That’s what makes it possible for us to lend on Trisolaris without needing a new wallet. So, if you already have your MetaMask wallet — which you should if you followed our Level 1 recommendation — it’s one less step between you and this yield opportunity.
NEAR Protocol, as one of the new blockchains in the block, launched 800 million incentive programs in order to attract developers and users to their network.
Trisolaris is the first mover on the network and has a current market cap of $30 million.
If you compare it to Uniswap, the largest DEX with a $2.8 billion market cap, you can see it’s still small … and you can also see how much room there is for Trisolaris to grow.
Now, I’m not saying that Trisolaris will definitely grow to compete with Uniswap ...
But I do think it’s likely to grow rapidly.
Another good example is QuickSwap. It’s another DEX, and it also was the first mover on a new network — Polygon, when its market cap was only $66 million.
That’s why I’ve introduced you to Trisolaris today.
Plus, the best yield farming opportunities typically come when a blockchain is still young.
Let’s look forward to a great year together!