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re: Official CryptoTalk Thread

Posted on 6/15/21 at 1:46 pm to
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/15/21 at 1:46 pm to
yea I'm doing the cake syrup pools and farming. it's been pretty nice

yield keeps getting lower as more and more people find out about it though
Posted by supadave3
Houston, TX
Member since Dec 2005
31919 posts
Posted on 6/15/21 at 2:32 pm to
quote:

yea I'm doing the cake syrup pools and farming. it's been pretty nice


I had an avocado and tuna wrap. Thank you for asking.
This post was edited on 6/15/21 at 2:33 pm
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 4:55 pm to
quote:

yield keeps getting lower as more and more people find out about it though


I can help with that. How do I do it?
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/15/21 at 5:14 pm to
I'm holding tight on the USDC/IRON pool on Iron Finance. Still earning ~500% APR, and they introduced personal vaults to manually compound your rewards.

TITAN the asset has mooned, I could've made a killing had I not sold mine off. I sold off at $17 and it's now at $55. Win some, lose some, I still made some money going from $7 to $17. But now I'm making ~$20/day on $1200 on a stablecoins LP, it's pretty incredible.


In much more risky moves:
I also took $50 and flipped it for about a cool 100% on a new degen farm that popped up today. Might start doing that when I have the time to watch the degen farm site pop up.

Rugdoc.io now has a calendar of new projects popping up, most of them are trash but if you get in early you can turn a quick profit. It's nothing short of gambling, but it's fun to watch all of the hype on these projects telegram "HOLD AND MOON, DONT SELL" then it plummets .
This post was edited on 6/15/21 at 5:21 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/15/21 at 5:23 pm to
buy bnb
go to pancake
swap for cake
auto stake under syrup pools
apy is currently 109%

Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/15/21 at 5:25 pm to
yea iron seems pretty great w the multi chain approach..I need to play around with it
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 6:32 pm to
quote:

buy bnb
go to pancake
swap for cake
auto stake under syrup pools
apy is currently 109%


Ok thanks. I googled pancake and only got food pictures, but I think I can figure it out.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/15/21 at 6:35 pm to
PancakeSwap

If you buy BNB on an exchange other than Binance, you have to send it to your Binance/Trust Wallet to swap from Binance chain to BSC. Them you can use the BNB on Pancakeswap.
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 6:36 pm to
I thought US residence couldnt use Binance. Is that not the case anymore?

ETA: I see that there is a Binance US. Im assuming this will work as well
This post was edited on 6/15/21 at 6:41 pm
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/15/21 at 6:41 pm to
It won't in Louisiana. You either have to use a VPN, or buy BNB on another exchange, like Kucoin.
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 6:48 pm to
I live in California but still have a Louisiana ID. Im going to contact CS to see if there is anything I can do.
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 6:50 pm to
Oh if I can just buy it on Kucoin, then where is the Binance/Trust Wallet ?
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/15/21 at 6:52 pm to
When I used BSC, this was my process:

Convert USD to XLM on Coinbase Pro
Move the XLM to KuCoin
Swap XLM for USDT
Swap USDT for BNB
Send BNB to Trust Wallet
Use Trust Wallet to convert send BNB to BSC
Send BNB to MetaMask connected to BSC



It's a bitch. It's not easy to get to Polygon right now, either. FIAT onramp services aren't working.
Posted by BrianFlanagan
Red Sticks Everywhere
Member since Apr 2019
454 posts
Posted on 6/15/21 at 6:54 pm to
I would avoid trust wallet, if you’re an iPhone user. They announced on Twitter they’re removing the browser feature on new versions, which will no longer allow you to use PancakeSwap.
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 6:56 pm to
It sounds like it may be easier to go get a Cali ID and contact Customer Service.

Also, on a related note, how secure do you think pancake swap is compared to Binance, Nexo, Coinbase etc? I have about 20k in cash I was going to put into Nexo at around 10%, but 100% sounds better. Do you think that's too risky?

Excuse my ignorance, I now see that you said staking cake, not stable coins. I definitely wont be putting 20k into that.



I will try it out though.
This post was edited on 6/15/21 at 7:32 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/15/21 at 7:21 pm to
they have stable coins in the syrup pools, tusd is 70.87% apy and there is an eth/usdc farm paying 28%

Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 7:33 pm to
Thanks, it looks like I have a bunch to look into.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/15/21 at 8:23 pm to
quote:

apy is currently 109%


wtf

I’m doing it wrong
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6768 posts
Posted on 6/15/21 at 8:29 pm to
quote:

Crypto is just as corrupt as the rest.

Middle men controlling a lot (which is was crypto was supposed to get rid of)

I feel ya. Bitcoin was suppose to destroy the banks, not enable them.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82098 posts
Posted on 6/15/21 at 8:33 pm to
Hah yea I was happy with my 8-10% on stables
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