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re: Official CryptoTalk Thread
Posted on 8/8/21 at 6:08 pm to JayDeerTay84
Posted on 8/8/21 at 6:08 pm to JayDeerTay84
copy.
Posted on 8/8/21 at 6:11 pm to rocket31
I don’t even use DeFi on ETH because of the fees. But on the other chains DeFi is absolutely we’re it’s at right now.
Just my 2 cents.
Just my 2 cents.
Posted on 8/8/21 at 6:16 pm to JayDeerTay84
same here. all my defi usage is through less expensive chains
Posted on 8/8/21 at 6:25 pm to rocket31
Just curious what you guys are doing on DeFi exactly?
Posted on 8/8/21 at 6:28 pm to TigeRoots
Providing liquidity and earning yield. Same thing a bank does except our yield is much higher.
You might ask, why provide liquidity? To provide swap options for tokens, new projects, loans, etc.
You might ask, why provide liquidity? To provide swap options for tokens, new projects, loans, etc.
Posted on 8/8/21 at 6:33 pm to JayDeerTay84
I wish I understood how to do any of that. I just simply buy and sell and hold. That’s all I know how do to lol.
Posted on 8/8/21 at 6:34 pm to TigeRoots
mostly high yield pools, earning over 90-120% apy has been very real opportunity these last couple years
for the future, the driver of mass real-world adoption is likely to be lending and borrowing = a link to the real economy
imagine being able to opt out of credit score or a background check and get approved for home and car loans.
I think this is also why defi scares politicians moreso than Bitcoin
for the future, the driver of mass real-world adoption is likely to be lending and borrowing = a link to the real economy
imagine being able to opt out of credit score or a background check and get approved for home and car loans.
I think this is also why defi scares politicians moreso than Bitcoin
Posted on 8/8/21 at 6:45 pm to rocket31
Gotcha. I use Celsius to earn yield but not sure that’s called yield farming. Not when compared to the yields y’all are getting
Posted on 8/8/21 at 7:04 pm to TigeRoots
yeah there's some great opportunities now that people should take advantage of while they're there imo.
yearn, curve, badger, harvest.finance, polyswap, quick swap, venus are some
autocompounding on pancake bunny gets you 300% apy right now
I use pancake swap and it's been amazing. they also have lotteries you can play
you can also buy defi insurance if you're trying to eliminate some risk
yearn, curve, badger, harvest.finance, polyswap, quick swap, venus are some
autocompounding on pancake bunny gets you 300% apy right now
I use pancake swap and it's been amazing. they also have lotteries you can play
you can also buy defi insurance if you're trying to eliminate some risk
This post was edited on 8/8/21 at 7:04 pm
Posted on 8/8/21 at 7:12 pm to Ross
First time hearing that use case and I think it sounds very good. Maybe these jpeg and trading cards are just the first level of the NFTs for now
Posted on 8/8/21 at 7:12 pm to rocket31
I’m gonna have to research those and see
Posted on 8/8/21 at 7:13 pm to rocket31
Are we confident cake will be around a while??? I love the auto syrup pool.
Why farm over pool?
Why farm over pool?
Posted on 8/8/21 at 7:20 pm to down time
I think binance is here to stay. not sure about its future in the US tho
farms give you more percentage of transaction fees so pools will have lower returns but you expose yourself to more impermanent loss with farming so it's considered riskier
I do both fwiw
farms give you more percentage of transaction fees so pools will have lower returns but you expose yourself to more impermanent loss with farming so it's considered riskier
I do both fwiw
Posted on 8/8/21 at 7:24 pm to TigerTatorTots
yeah another use case when considering certificates of authenticity is intellectual property. You can stake a claim to the inception of an idea by placing the patent application or even just preliminary research on a blockchain. Would help with disputes at the patent office regarding inventorship.
This post was edited on 8/8/21 at 7:31 pm
Posted on 8/8/21 at 7:25 pm to down time
quote:
I love the auto syrup pool.
95% APY auto cake
Posted on 8/8/21 at 7:41 pm to rocket31
There is a stake cake earn TUSD right now as well.
Posted on 8/8/21 at 7:45 pm to JayDeerTay84
the ETH buy pressure and everything else has softened up to close out the weekend
Posted on 8/8/21 at 7:49 pm to Ross
Our usual red sell off sundays. Happens. ETH can only carry so much before pressure takes over.
This post was edited on 8/8/21 at 7:50 pm
Posted on 8/8/21 at 8:01 pm to Ross
gold had a big sell-off and futures are slightly red - tomorrow will be interesting?
1 year totals now:
Bitcoin +271%
Gold -16%
SP500 +32%
1 year totals now:
Bitcoin +271%
Gold -16%
SP500 +32%
Posted on 8/8/21 at 8:05 pm to rocket31
quote:
Gold -16%
OOF
how anyone can still invest in gold as an inflation hedge is beyond me. It has utterly failed at its stated purpose
This post was edited on 8/8/21 at 8:05 pm
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