ZRO performance update and Airdrops to fund Splinterlands using Radient Finance
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ZRO has retraced back down to the 3 dollar level since I last wrote bout it when it broke out to the upside to hit 4.5 ish and is now looking like its forming a higher low and is bumping up against a key price level for it to either get rejected or break out and possibly soar to new highs. Overall the sentiment around layer zero is positive as it is developing a good product that thousands and thousands of dapps are utilizing to transfer assets across blockchains for low fees and the more dapps that utilize layer zero the more the units will be worth as they receive fees for each transaction which is like a standard credit card processors model of receiving fees for each purchase except in this case its transactions on the blockchain or communication between two blockchains to allow them to send assets from one to another for a very low cost. As the adoption grows I expect prices to continue upward in general but be fairly volatile as you can see from the past price action. Also as long as btc and eth keep a steady or bullish sentiment most alt coins will follow suit which coupled with ZROs good fundamentals will make it likely a good investment for my portfolio.
I continue to hold a position in ZRO on Radient which is offering a airdrop in its RIZ vaults of approximately 25-35% on the supply of ZRO units to the protocol so you don't need to risk impermanent loss and only get exposure to ZROs price with the additional income dropped in ARB and RDNT over time depending on your supplies, borrows as well as DLP deposits on Radient.
Depositing ZRO on Radient may also be a great way to fund your gaming or partially fund it by using the airdrops daily in arb to fund the purchase of packs from splinterlands or individual cards as you can easily earn a few dollars a day depositing your ZRO rather than let it sit earning nothing this would give you the ability to DCA into SPL and hold onto ZRO if you are bullish on both its a no brainer strategy. You can also deposit Kelp ETH and earn Kelp Miles as well as other airdrop points and borrow WETH to swap into wstETH to deposit into gravitas CDP to borrow grai earning on your eth at the staking rate as well as earning on the grai via the stability protocol or in lps. If you deposit on linea you can also earn lxp-l points as well in addition to gravitas marks which are the gravitas points for the drop. Doing this allows you to stack airdrops and further increase income for gaming purchases and if you hedge using short perp futures you can construct a market neutral or position to what ever degree you want it to be hedged and ensure you are protected form large declines in prices of eth etc while receiving airdrops of 15-40% of arb and rdnt.
** This is not investment advice it is my personal thoughts and should not be taken as anything else. Do your own research.
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