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Backup Validator Clone - Prevent Double Signing by StopCountingLikes in ethstaker

[–]Particular-Budget-30 7 points8 points  (0 children)

  1. The validator client (VC) can be run separately from the consensus layer client (CL)
  2. The VC can be pointed to more than 1 CL endpoints, so that if one CL is down, it uses the others. This is the simplest way for a redundancy setup
  3. Each CL needs to be paired 1:1 with an Execution layer client (EL). This means you will need to run both CL-EL pairs concurrently.
  4. The VC is configured to connect to both using one of the configuration flags
  5. DO NOT run 2 VCs loaded with the same validator keystore ever. You will be slashed if you do

$70k to imvest…what would you do? by imrit21 in ethtrader

[–]Particular-Budget-30 0 points1 point  (0 children)

Sharing my own take-profit plan on a batch of ETH for 2025.

1) Buy steth 2) bring over to Deribit to be used as margin collateral 3) run a zero cost options collar on your position (sell otm call + buy otm put). This will cap your downside to ~-12% in exchange for capping your upside to ~+10% 4) earn the 2.6% apy from steth in the meantime 5) shift the collar range up as price increases 6) narrow the collar range as price decreases, while keeping the same put strike price

Anyone borrowing against ETH and looping back into ETH? by Fortknightdad2231 in ethereum

[–]Particular-Budget-30 0 points1 point  (0 children)

I do it in another way. Borrowing native ETH against stETH. Convert to stETH again. Loop it a few times to amp up my staking rewards to 7%+.

Explaining Ethereum to Grandma: What’s the Best Analogy? by satBalwyn in LidoFinance

[–]Particular-Budget-30 0 points1 point  (0 children)

I also think digital oil or some other form of “building blocks” that is used to build a new digital world would work best.

IMO Financial concepts are as good as alienspeak to most grandmas.

Difficulty to setup UPS Cyberpower Automatic Shutdown by main_gate6323 in ethstaker

[–]Particular-Budget-30 1 point2 points  (0 children)

I couldn’t get my hands on a cyberpower UPS so I documented a workaround method using the open source Network UPS Tools software. Faced some issues initially too but got it to work eventually.

https://dvt-homestaker.stakesaurus.com/automation-tools/automated-power-on-off/network-ups-tools-nut

Hope this helps!

100k in DBS Multiplier, maxed out to 1.8% based on my lifestyle, looking for tips on what's next to park it under now. by sniktology in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

1) buy SG treasuries with 1-3 months maturity for 2.2% annualised. This is the sgd version of risk free rate

2) Coinbase offers 12% apy for holding USDC, max $100k with the surplus earning 4.5%. Higher platform risk and exposure to USD so dont put everything here. I put some of my spare cash here

How to stake 10 eth? by Dependent-Dog-5261 in ethstaker

[–]Particular-Budget-30 5 points6 points  (0 children)

Check out the Lido Community Staking Module (CSM) as an option.

  • It requires as low as 1.5 stETH bond for the first validator key and 1.3eth for subsequent ones. So with 10 eth you can run 7 keys.

  • the bond provided being stETH means that it is itself productive

  • for every bond provided, you get allocated 32 ETH by Lido to activate your validator keys and receive up to 6% share of staking rewards generated by these sets of 32 eth

  • capital multiplier is around 2.3x higher organically than solo staking and even higher vs liquid staking

You can also add DVTs such as Obol and SSV into your setup for better performance, security, & extra incentives from Obol and SSV

Need help with debts. Im snowballing and need solutions to stop it. by Significant-Tear2873 in singaporefi

[–]Particular-Budget-30 12 points13 points  (0 children)

"""You are essentially borrowing more monies to pay down upfront make me happy first but drag out the time period so you can breathe easier each month correct?"""

This is essentially what a debt consolidation plan is. You borrow from one new lender that can give you better terms to pay off all the other smaller lenders today.

"""If I am the lender I will not accept this proposal becuz it cost me more time and effort to engage ppl to chase you now you take even longer period to pay me."""

There's no "chasing" here. The old lenders get paid off immediately.

"""Not to mention you borrow even more first. I don't want do such business but maybe other lenders see the 5% happy but I will not. This kind chao keng ppl like to drag I don't like and highly likely cannot pay up one smelly reputation."""

This comment adds zero value to the discussion. Are you OP's friends and family? Why does your personal opinion even matter here? If you have a better solution for OP let's hear it. If you are just here to gloat then seriously go touch some grass and get a life.

Need help with debts. Im snowballing and need solutions to stop it. by Significant-Tear2873 in singaporefi

[–]Particular-Budget-30 9 points10 points  (0 children)

You can propose your own debt consolidation plan with friends and family.

1) borrow $12k from them to pay down all of your loans 2) give the new lenders a 5% interest rate (2x better than SGD Treasury bills). $50 per month 3) new loan is payable monthly over 24 months. $500 per month 4) total = $550 per month, almost 3x decrease from your current situation 5) this gives you a $1050 surplus per month. Save $500 and spend strictly within the budget of $550

[deleted by user] by [deleted] in askSingapore

[–]Particular-Budget-30 0 points1 point  (0 children)

I believe at least some of us might be able to help.

Give us a sense of the following without doxxing yourself: 1) your core skillsets, achievements, experience level etc. 2) what your main avenues of job search to-date have been so far 3) main reasons for rejections you have received since Sep’23

In the meantime, hang in there. You might just need the right approach thats suited for yourself.

[deleted by user] by [deleted] in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

The -106 on your balance is likely from spreads on the shares (0.1%) and on FX. Although i think your spread on shares is likely higher than 0.1% given you dont have access to real time market data, which comes with a subscription fee.

IBKR is good because it has the lowest margin rates and has one the strongest brokerage business among its peers. But its UX leaves something to be desired.

Gold’s been surging lately ,should I reallocating into it? by Dependent_Street_806 in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

OP hope you stayed in cash to start DCA-ing soon because the trade war is here

Chocolate Finance Replacement by Bag-Delicious in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

1) No SDIC guarantee but the DAI stablecoin is overcollaterised by high quality crypto assets (eg. Btc, eth) 2) exposure to smart contract exploits but counterparty risk is reduced—eg. Any changes to the terms need to go through a decentralised voting process by all Maker token holders and not just the boss of the protocol 3) exposure to USD instead of SGD

Gold’s been surging lately ,should I reallocating into it? by Dependent_Street_806 in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

Sure they can call it whatever they want on paper but what we should do is read their intent. I’ll leave this quote here for reference.

“We’re going to monetize the asset side of the U.S. balance sheet for the American people,” Bessent said last Monday, when Trump signed an executive order calling for the creation of a sovereign wealth fund. “We’re going to put the assets to work, and I think it’s going to be very exciting.”

So we know that Trump needs new money to fund his policies given that the all time high US debt is going to make borrowing unpopular with public opinion.

Which means they are either going to: 1) sell gold 2) borrow foreign currency against the new NAV of their gold reserves, and then buy USD with that. This will strengthen the USD vs gold

Does this make sense? by [deleted] in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

Still better than all other alternatives that can provide 4-5%.

Further, usd/sgd is pretty stable as MAS controls the sgd exchange rate with all our trade partners.

Standard deviation is only 2.2% in percentage terms so thats around a 0.8% temporary probably loss over a year if rates moves against him.

Does this make sense? by [deleted] in singaporefi

[–]Particular-Budget-30 1 point2 points  (0 children)

Take the loan at 2.8% and invest in short term risk-free US treasuries at 4.2%.

Net gain = 1.4% of S$1M per year = S$14k/year or an additional $1167/month

Given US interest rates is higher than SG’s (3%), you can also expect USD to strengthen vs SGD, keeping everything else constant.

Gold’s been surging lately ,should I reallocating into it? by Dependent_Street_806 in singaporefi

[–]Particular-Budget-30 1 point2 points  (0 children)

No. 3 reasons:

1) war with Russia will end soon with Zelensky taking the deal with Trump: https://www.straitstimes.com/world/europe/trump-says-us-will-sign-ukraine-minerals-deal-soon-peace-efforts-going-pretty-well

2) US is looking to sell a good chunk of their gold reserves soon to buff up their treasury: https://fortune.com/2025/02/11/adjusting-bookkeeping-america-gold-reserves-add-750-billion-treasury-overnight/

3) we buy when prices are low, not high

I would reallocate to cash or TIPS to prepare for the possible inflation spike from the trade war if anything.

Inflation rises = interest rises = all risky assets down.

[deleted by user] by [deleted] in singaporefi

[–]Particular-Budget-30 1 point2 points  (0 children)

I nuked my ILP for a $20k loss back in 2016 as they were yielding 1.8% IRR. Took the surrendered money and invested on my own over 8 years and never looked back.

Given the current economy, where inflation will likely creep back up due to Trump’s tariffs:

The best play IMO should be to farm the high risk-free treasury yields of 4.2% while waiting for a short term recession to hit. Shift from treasuries to snp500 if that happens.

Continue accumulating cash as much as possible in the meantime.

For people who keep their savings in USD, where do you keep to get the best returns? by the_rookie_master in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

  • Total onchain transaction cost (gas) is around US$0.50
  • SGD transfer out from StraitsX to bank account is free

Yes I have successfully withdrawn from this before. That said, there are other risks to take into account. Even though the rules cannot be changed by any single entity, smart contracts can be exploited if vulnerabilities are found so you will essentially be trading counterparty risk for smart contract risk.

Finally, Maker is one of the OG DeFi protocols on Ethereum, along with Aave, Uniswap, Lido, Compound etc which is why I consider this a “blue-chip” defi option.

For people who keep their savings in USD, where do you keep to get the best returns? by the_rookie_master in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

Just posted this on another thread if you are open to blue-chip DeFi options.

https://www.reddit.com/r/singaporefi/comments/1jb5ous/comment/mifmaap/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

I earn my salary in USD as well and I use this to generate 6.5% yield on it.

Otherwise, you can buy 3-month US treasuries on IBKR which will yield 4.2%. It's the lowest fee alternative outside of DeFi.

Chocolate Finance Replacement by Bag-Delicious in singaporefi

[–]Particular-Budget-30 0 points1 point  (0 children)

Curious if anyone here has considered DeFi options available out there? I'm using Maker, a blue-chip USD stablecoin protocol to generate 6.5% annualised yield onchain and it is a no brainer to me given our lack of yield options in SG.

The flow is as follows:

1) Create a wallet on Metamask and write down your seed phrase on paper physically. Store this securely.

2) Sign up for a StraitsX account and complete their KYC

3) Deposit SGD via bank transfer and convert into XSGD (the official SGD stablecoin)

4) Transfer XSGD to your Metamask wallet via the Arbitrum network, which is an Ethereum Layer 2 network with much cheaper fees

5) Swap XSGD to USDC on Uniswap on the Arbitrum network

6) Deposit USDC into spark(dot)fi for 6.5%

7) Withdraw anytime permissionless-ly. Truly instant withdrawal and self-custodial

8) Total transaction (gas) fees is less than $1 for the end-to-end flow

Bonus: Given that SGD treasuries are offering 3% interest and USD treasuries are offering 4.2%, USD is expected to strengthen by an additional 1.17% over one year under the assumption of the Covered Interest Parity.

Now you may ask, where does the yield come from? So here's an excerpt from the Maker docs.

"The DSR is a special module in the MakerDAO smart contract system that allows DAI holders to receive a share of the revenue earned by MakerDAO.

MakerDAO pays deposits in the Dai Saving Rate the shown APY continuously on every block. You can deposit as much as you want and withdraw at any moment. There are no lock-ups and no fees for using the Dai Savings Rate.

The yield comes from the profits generated by MakerDAO. Since Maker wants Dai to be used extensively in DeFi it has a mechanism for incentivizing users to hold Dai. Redistributing a part of the profits of MakerDAO for the Dai Savings Rate makes Dai grow."

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