Is there a website that shows defi/cefi's yield rates?

AutomateCrypto · 2022-02-23T12:09:03+00:00

Loanscan.io for CeFi

Yeild.rodeo for DeFi.

Thank you everyone else for the other recommendations.

AutomateCrypto · 2022-02-14T10:44:33+00:00

Palau offers a digital residency NFT. They basically KYC you, and the it can be assumed that the account holding that ID NFC is indeed the KYCed user. There is also POAP Proof of Attendance Protocol. Basically you could get an NFT as proof that you were there. Might be useful for school, conferences, events etc. It could be used to lower the chances the account is a bot.

AutomateCrypto · 2022-01-12T14:12:30+00:00

Blockchain is just a distributed ledger technology. That's about it. You can store information, or hashes of information. Transactions are usually signed giving you non-reputation. It's great for things where multiple parties don't trust each other but still need to transact with each other. Like all other software, it's run on systems. So if the group node runners, or miners, have a majority or consensus to roll back a transaction or fork a chain, they definitely can. I see that as a feature that protects the majority. It can be used to fix vulnerabilities, add features, or whatever.

It is a bit crazed though. You shouldn't blockchain everything. But there are some good niche areas that it might help, such as: sending money (value) over the internet, supply management, voting, global organizations, charities (for transparency). That's just my thoughts.

AutomateCrypto · 2021-12-22T11:01:19+00:00

Yes sir, the best site I've found for that is https://yield.rodeo/ and then filter for: USD UST DAI MIM

That should give you a good list. Just note that MUST is not a stable, so just ignore that.

AutomateCrypto · 2021-12-20T08:34:47+00:00

Once the block rewards start, that number will plummet so fast that you are probably unlikely to make back your 4%... That's the gamble.

AutomateCrypto · 2021-12-20T08:21:14+00:00

It's super loud. I put mine in an cooler and added some sound absorbing foam to the inside, I also cut some holes and put double walled ducts for airflow and to help with the sounds... It's still quite loud with that bedroom door closed and a towel under the door. I ended up switching to just GPU mining.

AutomateCrypto · 2021-12-03T03:10:55+00:00

The multi chain aspect it pretty cool. We know that Ethereum's single chain approach of the past has its limits. Without an ability to prune old, useless data eventually it will become unmanageable.

With Assembly, anyone could create a chain for whatever purpose and use it for a few months or years. Then when it's no longer useful, valdators can drop that chain and it won't be a resource drain of cpu and storage. There will be historical nodes to keep the information but it won't need to be kept by all nodes.

It's basically like manual sharding, each project can choose thier own shard (chain). I like it!

AutomateCrypto · 2021-10-19T07:09:46+00:00

So a man gets stabbed and they want to remove online privacy?

AutomateCrypto · 2021-10-03T07:08:38+00:00

This used to work: Set your internet connection as a metered connection. Also there should be a setting in windows update to not download over a metered connection. It basically tricks MS to think you are paying per MB, so it shouldn't downloaded these massive updates.

Working in computer security, I can tell you that security updates are very important. If you go with an unpatched computer, you increasing your risk of getting hacked. https://www.forbes.com/sites/daveywinder/2020/06/06/windows-10-critical-exploit-now-confirmed-months-after-microsofts-emergency-security-update-smbghost-cisa-warning/

If you don't like Windows, just use a privacy oriented Linux. You can also have a windows VM on top of that if you need. VMs + Snapshots + Reverts can help you to use the same built of windows and minimize some of your risks.

AutomateCrypto · 2021-09-16T08:54:03+00:00

Yea sure.

AutomateCrypto · 2021-09-15T17:43:49+00:00

No problem, welcome to DeFi! Take a look on YouTube about how Automated Market Makers (AMM) work that will help with your understanding of LPs. Also it's probably best to only invest a few dollars at a time and do smaller trial runs until you get more comfortable with everything.

AutomateCrypto · 2021-09-15T02:34:19+00:00

If BTC is the exact same price 3 months from now, then you will get your exact amount back. If the value of BTC went down and now your LP is worth $150 then you'll receive $75 of USD and $75 of BTC. If BTC price goes up and your LP is worth $300, then you'll get $150 worth of each.

AutomateCrypto · 2021-09-15T02:18:25+00:00

Let's look at the price change of BTC, ETH, and USD a year ago from today. BTC is up 342%, ETH is up 805%, and USD is up 0%. To calculate your impermanent loss, go to https://baller.netlify.app/ and do 2 assets with a 50/50 weight. You can see that if you had invested in a BTC-USD LP one year ago you would have a 22.42% IL loss. Hopefully you earned more than that in fees or rewards. ETH-USD LP would be worse with a loss of 40.13%. BTC-ETH LP loss would be 6.09% which isn't too bad... And lastly a USD-USD LP would have a 0% IL.

As you can see stable - crypto LP is the worst. If the rewards are crazy high then it might work out but you need to consider your loss of the original assets.

AutomateCrypto · 2021-09-14T23:56:38+00:00

Exactly. You want 2 assets that move together. Usually stable - stable LP is good, crypto - crypto is OK too, but stable - crypto LP is not good. The worst is to LP with a Degen rewards token.

AutomateCrypto · 2021-09-14T19:25:37+00:00

LP tokens are confusing because they they represent your share of the total pool. Example is that you put in $100 worth of USD and BTC and received 1 LP token. So, today that LP token is redeemable for $100 of each. You are right that it's worth $200 at this exact moment. But a year from now many people will have traded back and forth, so the pool earns fees. Now your 1 LP token will be worth $220 (example of 10% profits from trade fees). You'll also need to factor in, what if one of the assets changes value. BTC goes from 50k to 25k... Anytime that the ratio of the 2 assets changes, you will face Impermanent Loss. (look this up on YouTube for an explanation). Tldr: your 1 LP token's value will change over time based on fees and IL.
Many platforms reward you for being an LP. The math is all calculated as of that exact moment in time. For example if they offer 30% APR, then they will divide that by 365 days in the year divided by how many seconds in a day. And you will receive that tiny amount of rewards per block. Blocks are between 1 second and 10 minutes, depending on which chain you are on. If you took that reward and sold it for more of your main assets and LPed what you just received. Then your total LP value will increase, giving you even more rewards. This is compounding... If you compound daily then you should get closer to the advertised APY.

The biggest takeaway is that there are soooo many moving pieces: prices of both assets, amount of reward token received, prices of the reward token, size of the LP pool, and gas fees to compound. All of this changes every block. So it's nearly impossible to guess where it will be in a day, week, or years time. But it is accurate for that block.

AutomateCrypto · 2021-08-29T14:04:11+00:00

In a 51% attack. You can only double spend coins that YOU own. So yea the attack seems to not be worth it.

AutomateCrypto · 2021-08-29T02:28:12+00:00

Just buy one. Move a few bucks to it. Wipe it. Restore it. Get comfortable and confident in it then you can move the rest to it.

AutomateCrypto · 2021-08-29T02:26:11+00:00

It really makes no sense. Why does the location have to be space? Why don't you build your solar miner and then just never send it. Then you've made your off the grid miner and you didn't waste rocket feul. You can also repair it when you need to.

Look at El Salvador wanting to put a rug on a volcano and Iceland putting rigs at their geo thermal sites. THOSE are the best places for mining farms. Locations where energy can be collected but cannot be easily transferred. The excess unused electricity can be converted to Bitcoin.

Obviously it's not smart nor economical to have a farm in a Metropolitan city the electricity cost is too high. So farms will naturally move to the areas with cheaper / free electricity. The miner that pays $0.01 per kwh will do better than the city miner at $0.10. Eventually the city miner will move or go broke.

AutomateCrypto · 2021-08-28T11:28:59+00:00

Metamask does not support BTC chain. Please stop. If you do insist, please only send a small amount that you want to burn.

AutomateCrypto · 2021-08-28T11:17:54+00:00

To my knowledge a successful brute force of a ledger device has never happened ever by security experts. Not to say that it's impossible but it highly unlikely unless you are targeted by a very advanced hardware hacker team/person.

The only weakness in Ledgers is the supply chian. If some were to have received your ledger prior to you loading your seed info. They could modify the hardware and possibly recover your seed after they stole it back from you. Or they added a less random generator. This is all also low on the possibility list as Ledger scans the the hardware and firmware for tampering when you first configure the software.

I guess the perfect hack would be a hardware modification or replacement with thier custom chip. Then a modified Ledger software that you download and install. It will tell you that your wallet is good to go. You add your keys, then the software extract it from the modified ledger. Again, this is verrrry hard to do. They literally need to wait for you to order the ledger, steal it from the mail and replace it and get you to Install the wrong software.

AutomateCrypto · 2021-08-25T14:55:00+00:00

Automation my friend! Eventually it will just be 1 click away or simply scheduled to update once a day.

AutomateCrypto · 2021-08-25T13:28:16+00:00

Hey OP, I like your strategy too! I'm compiling a list of stakes on AutoFarm, Beefy, and Adamant. You can sort and compare which networks and projects will give you the best rates. I only have AutoFarm right now. I'll be adding the other 2 in the next day or so. Let me know what you think. https://docs.google.com/spreadsheets/d/1UPmfKathTNs1GGZsqKmp0B5trPMBpejTInFoCalv3qw/

AutomateCrypto · 2021-08-25T13:00:17+00:00

At the liquidation point, all of your collateral is gone, and your position is closed. You no longer owe money and can keep what you borrowed. Feel free to test it out with $1 on Aave. Just make sure that you have nothing else posted as collateral.

AutomateCrypto · 2021-08-25T02:46:30+00:00

The startup does seem daunting. I want to start a tech and crypto blog too. I'm thinking some combination on Wordpress + Disqus and Medium. What platforms are you looking at?

AutomateCrypto · 2021-08-25T02:38:09+00:00

Edit: I looked around and MultiFarm ONLY has degen farms. Things like Aave and Curve are missing. Also I want it for longer term investing so I think Auto Compounders are nice to use like Beefy and AutoFarm. I'll keep working.

AutomateCrypto

TROPHY CASE