Where Is The Cheese — #1 LP on Osmosis and QuasarFi

Welcome to our inaugural post in the Where Is The Cheese Series, where we will slowly unravel the opportunities to maximise your TIA token’s potential with milkTIA.

In this edition, we’re diving into how milkTIA holders can LP on Osmosis using either a Manual or Managed Strategy. Stay tuned for more insights as milkTIA expands its presence across various DeFi platforms.

Introduction to Osmosis

Osmosis DEX, the leading Cosmos DEX, launched in 2021 and has since amassed $216M in TVL .

Apart from serving as an AMM that enables users to trade, it also supports a smart contract environment, which allows numerous DeFi platforms to build on it. Notable ones include MilkyWay 😎, Levana, Mars, and more. Check out their app store page for details.

Understanding Concentrated Liquidity Pools on Osmosis

Originating from pioneers like Uniswap, concentrated liquidity pools are reshaping DeFi. Osmosis introduced this concept to Cosmos, enabling LPs to increase capital efficiency by LPing to specific price ranges. For more information on how concentrated liquidity works on Osmosis, check out this YouTube video.

Manually Provide Liquidity with milkTIA on Osmosis

Dive into the milkTIA pools on Osmosis with these simple steps:

1. Connect Wallet: Hop onto Osmosis and connect your wallet.
2. Choose milkTIA Pool: Head to the pools and pick any milkTIA/TIA one.
3. Create Position: Decide on your milkTIA and pair token amounts.
4. Price Range Setup: Set your preferred price range in the concentrated pool.
5. Transaction Confirmation: Double-check and approve the transaction.

This strategy requires a more hands-on approach as you should periodically check that your selected price range is still within the range.

Managed Position with Quasar’s Vault Strategy

For those seeking a more hands-off approach, Quasar offers an automated vault strategy for liquidity provision. Quasar’s vaults automate the process of managing your liquidity position, adjusting it according to market conditions to optimize returns. Read their blog post for more detailed information.

To utilize Quasar’s vault strategy with milkTIA:

1. Access Quasar Platform: Visit Quasar’s platform and connect your wallet.
2. Select milkTIA Vault: Choose the milkTIA/TIA Dynamic S+ vault.
3. Deposit Assets: Deposit your milkTIA and TIA tokens.
4. Automated Management: Quasar’s algorithm will manage your liquidity position, adjusting it based on market dynamics.

Disclaimer: none of this is financial advice. Please do you own due diligence before participating in any of the mentioned protocols.

This wraps up the inaugural post of the Where Is The Cheese Series.

Happy Milking! 🐄🥛