Started By
Message

re: Official CryptoTalk Thread

Posted on 6/15/21 at 9:09 pm to
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/15/21 at 9:09 pm to
Have to take on the risk of an altcoin's volatility.

That's what I like so much about this iron finance usdc-iron pool on Polygon. Insane APR/APY. IDK how long 500% APR on a stablecoin pair will last but I'm riding that wave as long as possible.
This post was edited on 6/15/21 at 9:10 pm
Posted by trux83LSU
brandon, ms
Member since Dec 2006
2674 posts
Posted on 6/15/21 at 10:33 pm to
I’m doing canary on yield yak. It’s basically just staked auto compounding. Currently at 560%apy. But with auto compounding it’s over 10000% apy
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 6/15/21 at 11:00 pm to
quote:

I’m doing canary on yield yak. It’s basically just staked auto compounding. Currently at 560%apy. But with auto compounding it’s over 10000% apy


So its easy to convert to BTC and withdraw?
Posted by trux83LSU
brandon, ms
Member since Dec 2006
2674 posts
Posted on 6/16/21 at 5:25 am to
Well it’s on the avalanche network so you would have to go through some steps to do it.

eta
kucoin is listing xava which is an avalanche native token. So if you set up metamask for the avalanche network, you can buy xava and send to metamask and then you are good to go on using avalanche defi.
This post was edited on 6/16/21 at 8:06 am
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61865 posts
Posted on 6/16/21 at 7:20 am to
quote:

That's what I like so much about this iron finance usdc-iron pool on Polygon. Insane APR/APY. IDK how long 500% APR on a stablecoin pair will last but I'm riding that wave as long as possible
you can put that LP on beefy finance which will auto compound it for 30,000% APY lol. The big risk with the pool is IRON losing its peg (in addition to the inherent risks with any of these pools), which it’s currently off its peg at $0.9728

ETA: Looks like it’s back to peg already. Not bad
This post was edited on 6/16/21 at 8:05 am
Posted by civilag08
Member since Feb 2011
823 posts
Posted on 6/16/21 at 9:16 am to
I have also been trying out different Dapps on different networks and really like the polygon matic network and binance smart chain.

if anyone is interested in different network, sushsi swap app allows you to connect with several different forks of ethereum with metamask including the following eth forks:

Ethereum
Fantom
BSC
Polygon (Matic)
Heco
xDai
Harmony
Avalanche
OKExChain

Sushi swap will add these networks to your metamask, but you can also do it manually by adding a local rpc network and filling out the Network Name, New RPC URL, Chain ID etc, when you use the network drop down menu.

Dapp Radar list many different upcoming and popular Dapps for various networks and many defi ones that have yield farms. Anyone reading should be careful and do your own research about choosing which Dapp to use however, some of the more established Dapps seem to be considered more trustworthy then many of the new ones coming out. However with the risk of the newer Dapps, they can offer very high APR/APY percents which can bring people on board, but it hard to know from the get go.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/16/21 at 1:29 pm to
quote:

you can put that LP on beefy finance which will auto compound it for 30,000% APY lol. The big risk with the pool is IRON losing its peg (in addition to the inherent risks with any of these pools), which it’s currently off its peg at $0.9728

ETA: Looks like it’s back to peg already. Not bad


Its peg mechanisms have been thoroughly tested through multiple 50-60% dips on TITAN. It seems like a pretty solid stablecoin. TITAN is tanking today, though. From $60 down to $20 right now, and TVL on Iron has gone from >2B to 1.7B.. Wondering if it's going to recover and I should buy some.
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 6/16/21 at 2:53 pm to
https://twitter.com/CoinbasePro/status/1405251550679867402

quote:

Coinbase Pro
@CoinbasePro
We are experiencing technical issues that will temporarily delay the launch of SHIB on Coinbase Pro. At this time we are disabling deposits of SHIB; withdrawals are still available. We will provide an updated timeline for restoring deposits & enabling trading as soon as possible.
Posted by Byron Bojangles III
Member since Nov 2012
52168 posts
Posted on 6/16/21 at 3:25 pm to
got 5 million SHIB LFGGGGGGGGGGGGGGGG
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/16/21 at 4:34 pm to
woof Titan just dying out here. It's automatically sold to try to stabilize IRON and maintain the peg. Now I'm glad I sold off my TITAN . Cashed out my IRON in case the peg completely fails.
This post was edited on 6/16/21 at 4:40 pm
Posted by NoSaint
Member since Jun 2011
12523 posts
Posted on 6/16/21 at 5:23 pm to
quote:

got 5 million SHIB LFGGGGGGGGGGGGGGGG


SHIB army!

Let’s get that penny!!!
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 6/16/21 at 5:30 pm to
I got a fricking mailer for Hex today
Posted by NashvilleTider
Your Mom
Member since Jan 2007
15292 posts
Posted on 6/16/21 at 5:59 pm to
Bonfire had a great Ama today - not a meme coin anymore - sign a contract with chainlink - just got an influx of money from a capital investment firm.

worth checking out.

Also Charles Hoskinson has a 5 hour podcast with Lex Fridman that is very good.
This post was edited on 6/16/21 at 6:00 pm
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 6/16/21 at 6:29 pm to
quote:

Also Charles Hoskinson has a 5 hour podcast with Lex Fridman that is very good.


I’m about an hour in and expect to really understand .001% of it.
Posted by Got Heeem
Georgia
Member since Sep 2012
3631 posts
Posted on 6/16/21 at 6:31 pm to
quote:

I got a fricking mailer for Hex today
Richard probably has a trillion dollars to blow. Why not send out mailers. Lol
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 6/16/21 at 6:38 pm to
quote:

I got a fricking mailer for Hex today



Don't buy any
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/16/21 at 7:08 pm to
For those interested, looks like TITAN tanked today bc someone found an exploit (but it's just usage of the built-in functions of the protocol) that allows them to infinitely mint TITAN.

Woops!
This post was edited on 6/16/21 at 7:19 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 6/16/21 at 9:14 pm to
lmao even mark Cuban took an L with that one
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 6/16/21 at 9:17 pm to
Yeah I am super glad I stuck to the stable LP


The devs are going to undo all of the exploited functions, but at this point the protocol is probably too poisoned.
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 6/16/21 at 9:35 pm to
quote:

Don't buy any



Eh, Im up 200% this past month on it and got 80k staked as free coins. It just keeps going up
first pageprev pagePage 1598 of 2241Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram