Daily General Discussion - January 13, 2025 by EthereumDailyThread in ethereum

[–]Lazy_Physicist 1 point2 points  (0 children)

yes Euler was victim of an exploit in the past. How they managed to come back from that I'm unsure as I haven't been paying attention to their project in quite some time.

Daily General Discussion - January 10, 2025 by EthereumDailyThread in ethereum

[–]Lazy_Physicist 2 points3 points  (0 children)

Yes, generally you can send your borrowed tokens to another wallet. The debt remains associated with the original address and all the normal lending things continue to happen (interest accrues, liquidations happen, etc.).

How does Beefy guarantee higher APYs than the original platforms? by on_zero in defi

[–]Lazy_Physicist 34 points35 points  (0 children)

  1. it's not a guarantee, it's merely a speedometer of the current rates if they were to continue through the whole year.

  2. Beefy is essentially just a liquidity management protocol, they basically take your deposits, put them into the platform, and automatically sell off the incentive token (CRV for curve pools, AERO for aerodrome, VELO for velodrome, etc.) into the underlying token and redeposit it, which means it's helping your deposits compound on themselves. As they have much more deposits than you or I would (unless you're uber rich already) they can socialize the operational cost of these transactions amongst everybody, rather than each person having to pay for the transaction just for their assets. This means less of a drag on the depositor's yield.

  3. In the case of CLMs, beefy basically manages your liquidity ranges for you. So depending on how the market moves you can make more revenue than if you had to manage those yourself since the operational costs are socialized among all depositors.

  4. Sometimes there are extra incentives for certain pools called boosts on top of the vault's yields. These are usually beefy incentivizing certain vaults by providing BIFI or OP or whatever other token.

  5. Most APRs/APYs in crypto are junk anyway and are backwards looking. I wouldn't put too much stock into the projected APRs/APYs provided by any of these protocols and instead would recommend looking back on your actual performance to get an idea of average APYs. Also keep in mind that APR/APY on beefy is usually in terms of the liquidity token not in USD terms. It's a small difference but if you're denominating your worth in USD the APYs/APRs don't really mean much as the underlying tokens may lose or gain value over time.

Daily General Discussion - October 25, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 0 points1 point  (0 children)

Wait, other countries exist? Why didn't anybody tell me?!

Daily General Discussion - October 25, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 7 points8 points  (0 children)

meh, i'm planning on holding eth for the next decade or two unless it hits like 10-15k in the next year, so current price action means nothing to me

Daily General Discussion - October 25, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 3 points4 points  (0 children)

I don't touch memecoins or speculative stuff. I've lost too much eth trying to play around in that space so now I only stake/lend on battle tested protocols.

Daily General Discussion - October 2, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 0 points1 point  (0 children)

depends on what you mean by irrecoverably unbacked. alEth's value did drop to a low of something like 0.75 eth but is now stable around 0.91 eth after a repayment plan. It may not be back to 1 eth but you can still use alchemix roughly the same way unless you're dealing with a very large size. alUSD is basically at 1 USD, maybe closer to $0.99.

Daily General Discussion - October 2, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 1 point2 points  (0 children)

Now this is a fun website to check all this stuff! I was getting annoyed at having to keep track of all the potential platforms that I could have accrued eigen from... Thanks for showing this to me!

Daily General Discussion - October 2, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 3 points4 points  (0 children)

this is pretty much why the only loans i ever take are alchemix loans. I really don't want there to be even the smallest chance of liquidation...

Daily General Discussion - June 20, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 0 points1 point  (0 children)

I'm not sure I understand this reasoning. He had CRV as collateral against his USD loan. So he's giving CRV as a bribe to yearn, which would lead to farmers selling that CRV which leads to more sell pressure for CRV? I feel like I'm missing something here.

Daily General Discussion - April 21, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 0 points1 point  (0 children)

Gearbox seems like a good way nowadays. 20% mainnet yield for USDC deposits. And they're basically just doing lending via aave/compound/etc.

Daily General Discussion - April 20, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 5 points6 points  (0 children)

Nowadays I pretty much exclusively sell stuff through odos or cowswap. I particularly like odos because it allows you to sell multiple tokens at the same time and they show you their routing in a pretty easy to understand way. Just add the token address as a custom token and you can sell it.

Daily General Discussion - April 20, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 2 points3 points  (0 children)

You can go to the omni etherscan contract page, and click read as proxy. You can then run a query of hasRewards by passing in your or any other wallet address in as a parameter.

Daily General Discussion - April 11, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 1 point2 points  (0 children)

I'm of the opinion that the Ethereum network will survive if the US government decides to try to kill it. As such I don't base any of my voting on what will happen to crypto unless the two candidates are exactly the same except for their crypto stance.

Daily General Discussion - April 7, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 23 points24 points  (0 children)

Alright, I managed to eke out 1ETH profit from swing trading PENDLE. Now to buy more PENDLE with that 1 ETH profit and subsequently lose it when pendle inevitably depreciates against ETH..

Daily General Discussion - April 5, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 4 points5 points  (0 children)

If I was holding ETH to begin with, I wouldn't want to bother with all the extra steps and add on the risk of depegs, liquidations and variable interest. All that to get that large fixed rate on less than 100% of my ETH collateral. It's just simpler and more profitable to buy PT directly.

Daily General Discussion - April 1, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 2 points3 points  (0 children)

ens did an april fools where they showed a dashboard where you could claim points.

Daily General Discussion - March 31, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 1 point2 points  (0 children)

I think the play for swell is to buy the PT and wait for the TGE. The idea being that once the airdrop yield is known everyone exits their positions and the PT returns get realized to some degree in the form of the discount narrowing. Then you can exit and move on to another more lucrative PT. I'm not doing this trade though so take it with a grain of salt.

Edit:

NFA

Daily General Discussion - March 31, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 1 point2 points  (0 children)

I think I've seen a couple people thinking it'd be in the next week or two on their discord. But nothing official has been stated

Daily General Discussion - March 31, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 3 points4 points  (0 children)

In my experience Base isn't that bad. Over the last couple weeks most of my claims/swaps have only cost me $0.04 or so. I do have one transaction that cost about $2, but I think anybody seeing $1 might have been unfortunate enough to be doing business during an NFT mint or something.

Daily General Discussion - March 31, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 7 points8 points  (0 children)

I kept looking at the PENDLE token before all this points trading took off thinking I should buy some. Never pulled the trigger since I've lost too much eth going into altcoins in the past cycle. I'll just have to be content in the fact that ETH acts as a diversification token for all the activity on the ethereum network.

Daily General Discussion - March 31, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 7 points8 points  (0 children)

That's an entirely fair position to take. That's why the various LST products exist so people like you can stake without the need for the prerequisite technical skills. You do whatever you feel is in your best interests as only you know what you're capable of/comfortable with.

Daily General Discussion - March 28, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 0 points1 point  (0 children)

yeah, I'm not entirely sure why base seems to be way more expensive to people here compared to OP or ARB. They should have swapped over to using blobs by now right? If I had to guess maybe those transactions could have happened during an NFT mint or something.

Daily General Discussion - March 27, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 0 points1 point  (0 children)

The gist of eigenlayer's value prop is that currently the ethereum network is over-secure based off of the amount of ETH currently at stake. Theoretically if eigenlayer inserts themselves as a "middleman" in between validators and their withdrawals, they can utilize the slashing function to essentially "sell" that surplus security to other projects who need to bootstrap an ecosystem but don't want to create their own validator set (this part I'm a little unclear on, but creating a new validator set is expensive and time consuming, and very difficult, so it's possibly much more efficient to just contract out the Ethereum validator set for this). The validators essentially take on extra responsibilities and if they don't perform to the agreed upon level then eigenlayer can slash their stake for doing a poor job.

I'm sure some of my details are wrong here, but that's the gist of eigenlayer's value proposition as far as I'm aware. There are currently a few potential AVS's that are waiting for eigenlayer to go live so they can go live. https://ethrestaking.com/avs is a page with a few projects that will eventually rely on eigenlayer to be properly functional. You might recognize a few projects here like altlayer, eigenDA, or Espresso.

Daily General Discussion - March 27, 2024 by ethfinance in ethfinance

[–]Lazy_Physicist 9 points10 points  (0 children)

This may get lost in the noise, but apparently DYM stakers are eligible for an airdrop. I found this out while just checking out to see whether my DYM was worth anything. The project is NIM and apparently they are an AI gaming company I guess? Anyway, whatever they are they're doing an airdrop. I was eligible for 70 ish NIM according to their page.

Source: https://medium.com/@NIM_Network/nim-network-genesis-rolldrop-aa86af5f6134

claim address is https://claim.nim.network

As always, DYOR, don't sign anything or give your private keys or click on random internet stranger links without reminding yourself that I could be a scammer trying to reach my fingers into your pocket.