Hi HODLers and Degens,
Almost 2 months ago I posted this Fundamentals and Patience always pay. The rainSpirit example where I explained why I liked rainSpirit a wrapped inSpirit (staked governance $SPIRIT) token giving access to liquidity and bribes weekly.
All of this with a sharp discount (almost 50% at the time of the article) to a $SPIRIT token.
I believe a lot in SpiritSwap V2.0 which should come very soon but I was also betting on the discount reducing eventually to 1.
Why did I trust this for rainSpirit and not other wrapped inSPirit?
- Serious team with other projects (lending platform on FTM, BSC ...)
- Communication from the team has been great
- Stop minting new rainSpirit when PEG <1
- Weekly Bribes pools
Fast forward 2 months later
Spirit token has been mostly stable as we are still waiting for V2.0 but my thesis worked out! We went from 0.42 to 0.77 today! That's a 60%+ gain!
Oh and I forgot to mention that I have been earning >100%APR for the past 2 months thanks to these bribes pools!
It took time but patience and research did work out.
It is not over yet! I am looking to catch up with PEG (would still be a +30% vs now), while earning 100%+ APR and waiting for V2.0 which I expect will send $SPIRIT to the moon!
Stay safe out there,