re: Official CryptoTalk Thread

right and for different link jobs there's different payout structures as I understand it.

for eth jobs link holders subsidize the work which was one of my concerns when I brought it up awhile ago.

anyways I saw this tweet go viral today so I'm just curious LINK

I feel like I’m doing this wrong or this is what everyone complains about with high gas transactions. It’s like $100 just to do anything and I’m paying it three times from depositing link, borrowing against the link and then buying AAVE to stake?


1. Should I just swap the link out with AAVE and stake that?

2. If I still should borrow, does it matter what stable I should borrow(used,usdt, GusD)?

haha figured out, work just blocked CB wasnt down and my limit sell went through. Made a nice 8% overnight on CTSI

Gotcha. I’ve failed already haha. I’ll see what I can do to bridge the link I have on their already but may be lost cause.

I may stick with simply depositing link with Yearn. Their APR is around 10% and I can’t really frick that up.

Are you just depositing link on their and earning wild?

I think you earn 30% apr on Link. I thought it was paid back in link. Haven’t dove in yet

Right now on Avalanche the only AMM (Automated Market Maker) is Benqi. I'm using that. In the next few weeks, Aave should launch. When it does, I suggest you stick your assets in there. I will. It's safer, trusted, and they will be launching with a very large liquidity incentive. They'll be paying out AVAX for depositing and borrowing assets.


I think the Pangolin token will appreciate as well in the short term since it's the biggest DEX on Avalanche, so I've got a little bit in the PNG-AVAX LP as well, and staked it for PNG rewards.


Here is an explanation for a guy whom I tend to follow:
Taiki Maeda


ETA:
Im setting a price target of ~$65-$75 after Aave and Curve launch. I expect a 2-3x in the TVL in the ecosystem, so around ~50-75% gain in token price from where it sits now is conservative imo. If Avalanche hits ~$7-8B in TVL and token hasn't hit $75 im still dumping AVAX and taking profits. It's currently at ~$2.4B.

Yep. It will be another market on the Aave app.

What's your target for cake? I've got 40 based on last highs but thinking if the market stays up it can go higher.

we should get back to ATHs at minimum