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re: Official CryptoTalk Thread
Posted on 9/16/21 at 9:40 am to lsu777
Posted on 9/16/21 at 9:40 am to lsu777
Removed my holdings from the image but woke up to this
Defi on AVAX is still a little expensive for me. My bags aren't big enough, it's hard to make up the transaction fees unless I sit on a risky farm for a week or better. I've spent too much on gas, so I settled on just putting my collateral up in Benqi, taking out USDT loan, swapping for AVAX, and staking in YieldYak AVAX single-asset pool that autocompounds. I'm gonna just ride this until AVAX rockets and take my profits and move to either the next farm, or if no big LP programs are coming up I'll probably go to Solana. I liked Polygon but the ecosystem sucks compared to Solana, imo.
Defi on AVAX is still a little expensive for me. My bags aren't big enough, it's hard to make up the transaction fees unless I sit on a risky farm for a week or better. I've spent too much on gas, so I settled on just putting my collateral up in Benqi, taking out USDT loan, swapping for AVAX, and staking in YieldYak AVAX single-asset pool that autocompounds. I'm gonna just ride this until AVAX rockets and take my profits and move to either the next farm, or if no big LP programs are coming up I'll probably go to Solana. I liked Polygon but the ecosystem sucks compared to Solana, imo.
This post was edited on 9/16/21 at 9:54 am
2
Posted on 9/16/21 at 10:06 am to Hulkklogan
quote:
Defi on AVAX is still a little expensive for me. My bags aren't big enough, it's hard to make up the transaction fees unless I sit on a risky farm for a week or better. I've spent too much on gas, so I settled on just putting my collateral up in Benqi, taking out USDT loan, swapping for AVAX, and staking in YieldYak AVAX single-asset pool that autocompounds. I'm gonna just ride this until AVAX rockets and take my profits and move to either the next farm, or if no big LP programs are coming up I'll probably go to Solana. I liked Polygon but the ecosystem sucks compared to Solana, imo.
for something like avax why not just use kucoin?
btw kubyam did just post that
quote:
we might see a pullback to retest the resistance BTC broke through. That level is around 46.5k
Posted on 9/16/21 at 10:16 am to lsu777
Are yall seeing Kucoin's SOL wallet working? Ever since the SOL issue a couple days ago, I have not been able to send SOL to Kucoin
Posted on 9/16/21 at 10:44 am to TigerTatorTots
quote:mine looks like it works.
Are yall seeing Kucoin's SOL wallet working? Ever since the SOL issue a couple days ago, I have not been able to send SOL to Kucoin
Posted on 9/16/21 at 10:44 am to lsu777
quote:
for something like avax why not just use kucoin?
To be honest I haven't even looked there. Ava Labs is doing liquidity programs with on-chain dapps to farm AVAX tokens.
I have collateral moved over to Avalanche chain, deposited into an AMM called Benqi, and took out USDT loans. All of that provides me with APR on both AVAX and the QI token from Benqi. Initially the APR was ~15%, plus whatever I farm elsewhere. Since then it's gone down to ~5% net APR. Once Aave comes out they should be offering really good APR on deposit/loans like Benqi did.
The USDT I have been moving around/trading trying to get the best yield, but like i said.. bags are too small for that on Avalanche. Fees aren't absurd but anywhere from $1-5 gas really cuts into profits fast if you transact too much. I was too spoiled by Polygon's absurdly low fees. I've spent ~3 AVAX on gas alone over the last month. When I added it up in my spreadsheet I realized I needed to pick a strategy and stick with it and stop hunting for best yield like a degen.
Posted on 9/16/21 at 10:51 am to Hulkklogan
quote:yeah I’ve been farming with loans that I took out on Anchor on the Terra chain and learned the same lesson. Gotta keep it in one spot long enough so the fees don’t eat your profits up
I have collateral moved over to Avalanche chain, deposited into an AMM called Benqi, and took out USDT loans. All of that provides me with APR on both AVAX and the QI token from Benqi. Initially the APR was ~15%, plus whatever I farm elsewhere. Since then it's gone down to ~5% net APR. Once Aave comes out they should be offering really good APR on deposit/loans like Benqi did.
The USDT I have been moving around/trading trying to get the best yield, but like i said.. bags are too small for that on Avalanche. Fees aren't absurd but anywhere from $1-5 gas really cuts into profits fast if you transact too much. I was too spoiled by Polygon's absurdly low fees. I've spent ~3 AVAX on gas alone over the last month. When I added it up in my spreadsheet I realized I needed to pick a strategy and stick with it and stop hunting for best yield like a degen.
Posted on 9/16/21 at 11:42 am to OneMoreTime
X2 kcs will let sol out today in like 30 seconds
Posted on 9/16/21 at 1:06 pm to dagrippa
quote:
When is the last time SOL had five red 24-hour candles in a row?
quote:
December 2020
And what about the last time for SOL with eight red candles in a row?
There has been a good scalping opportunity the last two days between $155 and $159. I think it has hit six times.
Posted on 9/16/21 at 1:07 pm to TigerTatorTots
for those of you holding a LUNA bag, Kub did say....very good chance you see $50 by end of the month if BTC bounces off support i posted earlier. Possibly sooner
Posted on 9/16/21 at 1:22 pm to go ta hell ole miss
I sold at 153 on the shutdown day. Sitting on the sideline now trying to decide what to do.
Posted on 9/16/21 at 1:25 pm to Hulkklogan
quote:
Removed my holdings from the image but woke up to this
same March to $100 continues. Hoping we see $70 shortly
Posted on 9/16/21 at 1:32 pm to lsu777
quote:
for those of you holding a LUNA bag, Kub did say....very good chance you see $50 by end of the month if BTC bounces off support i posted earlier. Possibly sooner
Posted on 9/16/21 at 1:40 pm to hiltacular
quote:
March to $100 continues. Hoping we see $70 shortly
Posted on 9/16/21 at 2:35 pm to Hulkklogan
so GB is getting a bunch of nft airdrops if you hold 900 in your wallet. Sitting on damn $2000 airdrop as of now with potential for more from the NFT's. shits nuts
Posted on 9/16/21 at 2:44 pm to trux83LSU
Damn. I’m at 897 GB. Good for you though haha
Posted on 9/16/21 at 3:04 pm to lighter345
I traded like 5 sherpa to get over the 900
Posted on 9/16/21 at 3:07 pm to trux83LSU
Be careful with airdrops there’s some scam going around that when you go to sell them it redirects you to some website and you basically give them permission to drain your wallet
Posted on 9/16/21 at 3:10 pm to trux83LSU
quote:
so GB is getting a bunch of nft airdrops if you hold 900 in your wallet. Sitting on damn $2000 airdrop as of now with potential for more from the NFT's. shits nuts
Sincerely regretting not using the bridge now, jesus christ.
Posted on 9/16/21 at 7:36 pm to Hulkklogan
Nvm
This post was edited on 9/16/21 at 8:21 pm
Posted on 9/17/21 at 6:04 am to Hulkklogan
Turns out my buying SOL was the top signal
This post was edited on 9/17/21 at 7:19 am
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