aavkk Posted August 12, 2021 Share Posted August 12, 2021 On 7/27/2021 at 7:47 PM, brianwalden said: Terra Network's Anchor Protocol. Here's an easy one. Buy UST, Terra's dollar stablecoin, deposit it in the Anchor Protocol https://app.anchorprotocol.com/earn and you'll earn 20% APY. That's it, you don't have to worry about the volatility of the asset you're holding. The hardest part is buying UST. Terra lists its major coins (UST, LUNA, MIR) on both Ethereum and Binance. If you can get one of them, you can get a Station Wallet (Terra's wallet) and use their bridge https://bridge.terra.money to send the coins to your Terra wallet. Then you can use TerraSwap https://terraswap.io to exchange them into UST. Once you have UST, just deposit in Anchor. Not anymore, UST listed on coinbase today. I hear that LUNA will be listed on coinbase pro soon followed by CB shortly after. brianwalden 1 Link to comment Share on other sites More sharing options...
brianwalden Posted August 12, 2021 Author Share Posted August 12, 2021 I just pulled out of the cake pool and switched to ApeSwap a PancakeSwap clone that just launched this spring. Same strategy, skip all the farms and just stake their token, BANANA, in the pool by itself. This one doesn't autocompound, but they do have a button to claim and put your rewards back into the pool in one transaction. Rates are higher than CAKE and so is the volatility of the coin. I've only got like $150 in here, so I'm willing to play around with it. Link to comment Share on other sites More sharing options...
MonkeyBusiness Posted August 20, 2021 Share Posted August 20, 2021 @brianwalden @djdhrubs have any of you had experience with insurance against hacks, bugs, unpegging etc? i checked unslashed yesterday but don't know if it's worth it Link to comment Share on other sites More sharing options...
djdhrubs Posted August 20, 2021 Share Posted August 20, 2021 (edited) 54 minutes ago, Ripple_A_S_Well said: @brianwalden @djdhrubs have any of you had experience with insurance against hacks, bugs, unpegging etc? i checked unslashed yesterday but don't know if it's worth it None whatsoever. Assumed it was for beta males. Jk. I've considered it on Anchor protocol, but weirdly, cos I trust Anchor protocol and the people behind it, I then think, I don't really need it here. Lol. Even though UST lost it's peg during the crash a few months ago. You just assume, don't you, that they have gotten their shit together since then and the chances of it happening again are reduced a lot? I'm spreading my risk around a lot. Curve/ Convex/ Yearn/ Fantom Curve, Polygon Curve, Anchor, Mercurial Finance, Wault, Nerve. I have stables in all of these. The only way I've taken part in insurance is to buy a presale for ITG (iTrust), which is another new insurance related crypto token. But yeah, no immediate plans to actually use insurance. Edited August 20, 2021 by djdhrubs MonkeyBusiness 1 Link to comment Share on other sites More sharing options...
brianwalden Posted August 20, 2021 Author Share Posted August 20, 2021 2 hours ago, Ripple_A_S_Well said: @brianwalden @djdhrubs have any of you had experience with insurance against hacks, bugs, unpegging etc? i checked unslashed yesterday but don't know if it's worth it I'm the same. I don't have the money i need to pay the mortgage in crypto. My philosophy is that if i can afford to recover from the loss, I'm better off just diversifying and hoping that if I incur a loss, the gains I make somewhere else will offset it. In the long run you end up paying insurance companies more than they reimburse you in claims - they wouldn't be able to stay in business otherwise. If I ever get to the point where I'm living passively off my crypto, I will consider insurance. Taking a big hit to my main source of income may be hard to recover from. djdhrubs 1 Link to comment Share on other sites More sharing options...
MonkeyBusiness Posted August 20, 2021 Share Posted August 20, 2021 7 hours ago, brianwalden said: I'm the same. I don't have the money i need to pay the mortgage in crypto. My philosophy is that if i can afford to recover from the loss, I'm better off just diversifying and hoping that if I incur a loss, the gains I make somewhere else will offset it. In the long run you end up paying insurance companies more than they reimburse you in claims - they wouldn't be able to stay in business otherwise. If I ever get to the point where I'm living passively off my crypto, I will consider insurance. Taking a big hit to my main source of income may be hard to recover from. thank you both @djdhrubs @brianwalden this has strengthened my feeling to leave it alone for now. especially since there are also many loopholes hidden in the terms and conditions to soften liabilities. Link to comment Share on other sites More sharing options...
JASCoder Posted August 20, 2021 Share Posted August 20, 2021 Now that I've got the DiFi bee in my bonnet, seeing today's story on Binamon releasing their new DiFi game on the 28th, it sparked my interest. I've watched AXS shoot up since I first posted about it, and just sat back and watched (TBH that game sounds like a complex ponzi scheme). So seeing this new one, seemed like an interesting gamble... LMK if anyone is confused how to get some (i'm using my trust wallet to route it to cake). Just look at the change in volume in this chart... ( also note the 486% interest the pair is returning on cake ) https://pancakeswap.info/pool/0x00e53C169dA54a7E11172aEEDf8Eb87F060F479e MonkeyBusiness 1 Link to comment Share on other sites More sharing options...
brianwalden Posted August 20, 2021 Author Share Posted August 20, 2021 40 minutes ago, JASCoder said: Now that I've got the DiFi bee in my bonnet, seeing today's story on Binamon releasing their new DiFi game on the 28th, it sparked my interest. I've watched AXS shoot up since I first posted about it, and just sat back and watched (TBH that game sounds like a complex ponzi scheme). So seeing this new one, seemed like an interesting gamble... LMK if anyone is confused how to get some (i'm using my trust wallet to route it to cake). Just look at the change in volume in this chart... ( also note the 486% interest the pair is returning on cake ) https://pancakeswap.info/pool/0x00e53C169dA54a7E11172aEEDf8Eb87F060F479e Ha, if I'm reading I right the volume shot up and the APR went down to single digits. Farming ain't easy. JASCoder 1 Link to comment Share on other sites More sharing options...
JASCoder Posted August 20, 2021 Share Posted August 20, 2021 4 minutes ago, brianwalden said: Ha, if I'm reading I right the volume shot up and the APR went down to single digits. Farming ain't easy. Not sure what you're looking at, here's the live cap of the cake pair right now... (see pic) Link at: https://pancakeswap.finance/farms (search on BMON) Link to comment Share on other sites More sharing options...
brianwalden Posted August 21, 2021 Author Share Posted August 21, 2021 3 hours ago, JASCoder said: Not sure what you're looking at, here's the live cap of the cake pair right now... (see pic) Link at: https://pancakeswap.finance/farms (search on BMON) Thanks. I see it now. Link to comment Share on other sites More sharing options...
JASCoder Posted August 22, 2021 Share Posted August 22, 2021 Just capturing here the recent price action for BMON - keep in mind the game is released next Saturday. So this activity is TOTALLY speculators (aka gambling fools, like me). These are 1h candles... MonkeyBusiness 1 Link to comment Share on other sites More sharing options...
MonkeyBusiness Posted August 22, 2021 Share Posted August 22, 2021 6 hours ago, JASCoder said: Just capturing here the recent price action for BMON - keep in mind the game is released next Saturday. So this activity is TOTALLY speculators (aka gambling fools, like me). These are 1h candles... Put some play money in there yesterday - doing well so far. Thanks for sharing JASCoder 1 Link to comment Share on other sites More sharing options...
JASCoder Posted August 22, 2021 Share Posted August 22, 2021 9 hours ago, Ripple_A_S_Well said: Put some play money in there yesterday - doing well so far. Thanks for sharing Nice to see a fellow long-shot high risk gambler affirm I'm not alone in my craziness haha After studying the astounding success of Axis Infinity, it seemed possible a new competitor might achieve some of the same popularity. Give that it's over $1,000 to even start playing Axis now, perhaps many players will look try out playing Binamon, as it will have a much lower barrier to entry - price wise. Hopefully the launch goes well this Saturday. IIRC Axis took three to four months to really catch on, so i'm not looking for a fast start for Binamon. MonkeyBusiness and aavkk 2 Link to comment Share on other sites More sharing options...
aavkk Posted August 22, 2021 Share Posted August 22, 2021 On 8/20/2021 at 5:04 AM, Ripple_A_S_Well said: @brianwalden @djdhrubs have any of you had experience with insurance against hacks, bugs, unpegging etc? i checked unslashed yesterday but don't know if it's worth it Not yet but I hope to utilize anchor as a major part of my passive income strategy post moon so I'd love your thoughts on the options available. I heard the annual % to insure was around 2%. If any of the options prove to be comprehensive this is a no brainer for me. Keep me posted. MonkeyBusiness 1 Link to comment Share on other sites More sharing options...
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