re: Official CryptoTalk Thread

Especially when I’m catching 16% bonds, and restaking a few times a day.

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Gyro and klima getting rekt last couple days.

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I never bought into the use case for Klima especially in the crypto community with using carbon credit contracts as a basis of their treasury. I just don't believe a large proportion of people in the crypto community give a shite about climate change. Kilma needs to market their product on DU...lol.


Additionally there are other ways to offsetting carbon emission other than buying carbon credits, like carbon sequestration. Many power companies are getting federal dollars in the form of grants or tax credits to capture their carbon emissions and inject the CO2 into the ground or for other uses.



Carbon credits may gain value in the market but not until the federal government forces companies to offset their carbon emissions and the credits are not printed out of thin air (no pun intended). It's my understanding carbon credits are just purchased because companies are either forced to through outside pressure or feels.

I'm not familiar with Gyro and don't know why they are dipping in price other than competition.

Speaking of competition, the original DAO Olympus keeps innovating and building their treasury accordingly. Ohm now has gOhm which trades on the Avalanche network which is a relief from the high eth gas fees.

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I think most of the forks will fold or rug eventually and OHM will eat back a lot of the market share.

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I'm betting on this too.

I do hold Time and HEC as I think they are solid DAO projects too.

Many people just entering the DAO space are initially attracted to the APYs. However as the space matures and APYs come down according to each DAO's policies they will see this as a strength not a weakness and the market will value the token even more (price will increase). For example Ohm is decreasing in APY according to plan. The other DAOs I own, Time and Hec, have extraordinary APYs but they are early compared to Ohm and will eventually have to reduce their APYs or their price will decline through dilution. But this is also dependent on the growth of crypto in general and if they can attract more buyers and provide liquidity (which adds to their treasuries) to the growing number of projects in the defi space.

To the board...

Just want to bring this early info to the board about Arable.

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The goal is to provide an environment where yield farmers can access all crypto farms on a single chain, where the users receive the same rewards as they would on native-chains. The environment is supported by incentivized collateral providers (aka. minters).

In 2020, the DeFi industry had a rapid growth. Yield farming projects have been top focus for DeFi users. Ethereum has been the most popular place for DeFi but due to network scalability and the high gas fees, people started to move to scalable chains with faster transaction speed and lower gas fees.
Each chain has its pros and cons and there’s no specific rule that a chain is better and secure than another chain forever. Most of the people are chasing yields on different chains and many of them lost their funds, time and fees while using cross-chain bridges.
To manage all of the assets in a single place, people used to use centralized exchanges, wrapped assets or synthetic assets. But these are mostly for traders.
There was no interface to do yield farming in a single place in a decentralized way, while keeping the same APY on native chains.
Arable protocol will power the yield farmers to use a single interface and single chain to farm on their favorite network. Anyone can farm any network asset on any chain with the highest APY.
Key features:
Synths farming: Anyone can buy synths and farmSynths minting: Anyone can mint synths by locking collateral assets into the protocolSynths DEX: Zero slippage DEX for protocol usersPermissionless: Anyone can use the platformCommunity Governance: ACRE delegators can establish the governance to determine the project’s growth.

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Alpha YT video on Arable: LINK
Site: LINK
Docs: LINK
Twitter: LINK
Discord: LINK
Github: LINK
Avax Testnet Faucet: LINK

I'm not associated with this project in anyway. Just bringing it to the board because I believe it is a potential opportunity to get into a project early in the defi space that is solving a real problem.

On a side note, a lot of the problems in the decentralized finance space appear to be getting solved with centralization... lol.

yupp

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LINK /

astroport-and-the-rise-of-terra-2-0

astrodrop-breaking-down-the-astro-token-launch-allocations

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Thanks for the heads up.

I'm also heavy in ohm and time, with sprinkles on klima and gyro.

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market will value the token even more (price will increase)

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My concern is that when those who got in early realize pretty substantial gains (6-12 months?), the price will crater.

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My concern is that when those who got in early realize pretty substantial gains (6-12 months?), the price will crater.

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Totally agree.

With that said, my bet and hope is the defi space will continue to grow and as new money flows in that will mitigate selling pressure. But there will be some depressing lows and euphoric highs in the meantime.

people in this space are continually flocking to the "next big thing" and in this situation that is usually going to mean "the highest yield"

as an example, why would new money go to OHM for 6,000% apy when this other random thing over here is 65,000% apy and its nearly the exact same code?

i just envision a game of musical chairs and im not sure the OG will recapture the capital.

with that said, there will be rugs and hacks and devs going rogue so trust is very important. OHM isnt going anywhere.