Furucombo Biweekly Update #30
In this newsletter edition, we will share our new release updates, Furucombo ongoing events, and a hot strategy for easily closing your positions on Maker — to give you some recipe inspirations.
Additionally, in celebration of Christmas, we are having a small event on our Twitter. Join up & don’t miss out as it’s the last bonus chance to win more loyalty points this year!
Without further ado, let’s get to the updates!✨
# Furucombo’s Update
✅ New Release is now live on Furucombo Invest
We've integrated the top 20 the most popular Quickswap's LP mining pools on Furucombo Invest! Even better, with the Gelato network's automation, your yield farming rewards will automatically compound once per day! This will save time and energy from repeating endless farming steps.How to utilize the Invest auto-farming pools?1️⃣ Create a smart wallet at Furucombo Invest
2️⃣ Transfer any token to your smart wallet
3️⃣ Deposit any token right to the auto-farming pool*Click here to know more about how to set up a smart wallet!
✅ Furucombo Trading Strategy Contest has begun
We are happy to announce our very first ever Furucombo trading strategy contest! Traders will be able to participate in creating the best strategies and earn prizes up to $10,000 in USDC!Show off your trading talents & demonstrate your home run strategy for a chance to win! Even if you're not a strategy creator, you can still participate in this contest.After all the participants have sealed their strategy submission, we'll be asking our community members to vote on the best strategies. If you participate in the voting, you will receive a special POAP badge as a token of honour for your participation. 🙌Read all the details: https://go.furucombo.app/3yDaO
# Hot combos
✅ Self-liquidation on Maker
When the market is volatile, ensure you are watching your collateralization ratio if you have vaults on Maker to avoid getting liquidated!Besides depositing more collateral into the position, self-liquidation is another great way to prevent loss! It's especially useful when the price of your collateral slumps.How does the self-liquidation strategy work?1️⃣ Flashloan debt token to repay debt2️⃣ Withdraw all collateral3️⃣ Swap collateral to flash paybackIf you want to close your vault, use this ultimate shortcut to skip building a combo and close your vault in a blink of an eye!
Want to see more DeFi strategies? Check out our explore page. You can find up to 50 combos with its own detailed explanation about how it works!
Hope you enjoy this week’s content! 🤓
If you experience issues that are not covered in this guide, please reach out to the team directly through telegram.