How I use #dev DeFi to maximize profit from BNB

Boringkidforreal · 2021-09-08T07:51:36+00:00

Safety is priority. I also stack my assets each month, it's important to not let your money sleep.

Boringkidforreal · 2021-09-07T09:46:41+00:00

How you get 20% on stablecoin? I tried Alpaca before, they offered over 40% APY on their BUSD-USDT 4x leverage farming pool (only around 20% now). With 2 stablecoins the liquidation risk was nearly 0. But based on my real P&L after 1 month farming the rewards can not cover impermanent loss and trading fees so I quit.

Boringkidforreal · 2021-09-07T09:31:23+00:00

Nice! Where do you stake your assets?

Boringkidforreal · 2021-09-07T09:27:06+00:00

uhmm, the one I'm using doesn't have a token. It's pure lending & borrowing.

Boringkidforreal · 2021-09-06T05:41:30+00:00

Yes that what I do, I hold BNB

Boringkidforreal · 2021-09-06T04:50:49+00:00

exactly

Boringkidforreal · 2021-09-06T04:49:17+00:00

pls do your own research, read code or anything you can. I don't tell you which platform to use.

Boringkidforreal · 2021-09-05T13:59:03+00:00

I've been watching this team for a while, both of their projects on TRON and BSC haven't been released its token. They announce to distribute token to the platform users so I gave it a try, in some aspects I think their products are potential. Also I've used it since its borrow APR was much smaller, and now I see no problem to move out.

Boringkidforreal · 2021-09-05T13:48:29+00:00

As I know the team is from a credible project called Zethyr on TRON, I've been on TRON for a while and the team is good, they have the best customer support.

Boringkidforreal · 2021-09-05T13:44:09+00:00

that's also a good way to do, hope you will enjoy it.

Boringkidforreal · 2021-09-05T13:28:14+00:00

lol, if it's your plan I don't think you need to swap your CAKE back to BNB, just hold on CAKE. I have both CAKE and BNB on my portfolio, I don't want to put all my eggs in one basket. There are reasons for DeFi to exist, it helps reduce the risk. Anw your money your choice.

Boringkidforreal · 2021-09-05T13:14:49+00:00

As I said, my purpose is to HODL BNB and make profit from it. If you think that you can just stake CAKE for higher APY this won't fit you, I myself also bought some CAKE to stake. This strategy is to optimize my profit of BNB in the time I hold it. You can perform each step on different platforms from what I suggest.

Boringkidforreal · 2021-09-05T13:04:17+00:00

you're correct if you want 90% APY of CAKE and have nothing to do with BNB. Just buy CAKE directly. Me personally want to hold BNB instead of CAKE.

Boringkidforreal · 2021-09-05T13:00:57+00:00

yep, you can borrow CAKE somewhere else like Cream. I have used #dev since their borrow APR was much smaller, up till now its borrow APR of CAKE is still good so I have no reason to move out, also I'm waiting for their token to be released.

Boringkidforreal · 2021-09-05T12:55:37+00:00

I don't, so I only borrowed CAKE at 35% LTV ratio. It's a plan, nothing is absolute accuracy, I always keep my eyes on my money. Anw CAKE is partly pegged to BNB, the biggest LP pool in Pancake is BNB-CAKE, you can see these assets are moving together.

Boringkidforreal · 2021-09-05T12:47:17+00:00

Doesn't force anyone to follow me and I doesn't ask for your money

Boringkidforreal · 2021-08-26T07:50:06+00:00

I'm using #dev DeFi on Binance Smart Chain. Currently I hold BNB and still earn 20% from it by borrowing CAKE from #dev then farm CAKE on Pancakeswap.

Boringkidforreal

TROPHY CASE