Hey guys,
A very morning to all of you guys
How are you all?
I hope you are healthy and fit
If you have bullshark or cappy NFT holder and took part in Sui quest 1, I'm sure you have won at least 24 Sui worth of 15$.
A reminder that Quest 2 has also began on July 28, 2023 and you might be farming more Sui this time using different DeFi Dapps as listed below.
- Cetus - DEX and liquidity protocol
- Kriya - Institutional grade on-chain trading
- NAVI - Native one stop liquidity protocol
- Scallop - Next generation Money Market
- Turbos- Hyper-efficient decentralized crypto marketplace
- Typus Finance - Real yield infrastructure
In quest 1, 104k user got 24 Sui and its difficult to earn everyday points and overturn other user in ranking by only 24 Sui. As shown below, One need to be in top 5000 rank to get 125 sui as rewards.
In simple work get below 5000 and earn 125 Sui
As you can see, one time interaction on six dapps grab 12k points per Dapp which will make 72k points but then to climb leaderboard below 5000, you have to keep your SUI/USDC on DAPPs either as liquidity or lending or borrowing. The longer you hold the SUI and/or USDC in the dApp, the more points you earn. 1 SUI earn 1 point, 1 USDC earn 1.5 points. For each consecutive day that you maintain SUI with the dApps, you will earn a multiplier corresponding to that day. For example, participating for three days in a row means that any points earned on that third day will be multiplied by 3x.
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So to maximize points, i will share a Ninja technique that will potentially put you below 5000 rank and earn 125 SUI (100$) with only 23 SUI (1 SUI for txn Fees).
Firstly we will collect one-time 72k points by interacting 6 Dapps named cetus, Kirya ,Navi, scallop, turbos and Typrus.
Earn One Time 72K points = One time Task
Go to turbos and swap 10 Sui for 5.8 USDC
go to Cetus and Swap 5.8 USDC to SUI
Go Kriya and swap 10 Sui to USDC
- Click on market buy usdc to sui
- Click on market sell sui to usdc
- limit order buy Sui
- limit order sell sui
Go to turbos and swap all USDC (keep 1 USDC for Typus Auction task) to Sui
go to Typus select SUI covered call weekly, deposit 1 (1 Sui Minimum) SUI.
- Click on Auction > select Sui Covered Call Daily and deposit 1 SUI
- Click on Auction > select SUi PUT Selling and deposit 1 USDC, we need only 0.1 usdc (open for 30 min Daily: 0130 IST)
Go to Navi Protocol and Supply 10 SUI.
- Now borrow 5 SUI and then Repay 5 SUI.
- Now Withdraw 10 Sui from Navi Dapp
Go to scallop In lending tab: Supply 10 Sui and withdraw 10 sui back
- Go to collateral and supply 20 Sui.
- Go to Borrowing and borrow 10 Sui
Go to Turbos and swap 5 Sui for USDC
- Click on earn > SUI/USDT > Add liquidity (2.5 Sui + equivalent USDC)
Go to Cetus > click on pool > select SUI/USDC pool and add liquidity of 2.5 SUI + equivalent USDC
Keep your position intact until quest 2 ends.
So now you have deposited around 25 SUI + 2.8 USDC (around 30 SUI total) Dapps that will earn you more points however you are having only 23 initial SUI.
As quest 2 will end on 28 August we have around 22 days. By using this technique we can earn around additional 7000 points that will potentially put you below 5000 rank and you will be rewarded 125 Sui (70$)
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