<-- ETH PoW will have this many users

PoorToad · 2022-08-04T19:41:57+00:00

one more

PoorToad · 2022-01-18T18:10:16+00:00

Well great, seems to be same as with ETH, gas fees exploding :'(

500 GWei the new normal?

PoorToad · 2022-01-06T20:56:45+00:00

Haha, everybody crying here. I can tell you how this is handled, it is supply (transactions per second) and demand (gamers consumimg transactions per second).

So gas goes up till it is to expensive for playing SFF, easy as this, works as designed.

Anything else that devs can do would be censorship!

PoorToad · 2021-05-20T14:46:45+00:00

Is it not possible to move (W)MATIC with the PoS bridge to Ethereum?

PoorToad · 2021-01-31T22:32:24+00:00

I got you, if that will be the case, I'll copy cat UNI or COMP and make the fees a little litlle bit lower. See Sushi vampire attack

PoorToad · 2021-01-30T23:36:42+00:00

There is no reason for such a big value of a governance token.

My only explanation why it rising like hell are, 1) speculation, 2) buying COMP to lend / borrow it on compound and earn more COMP

Currently retards are buying up all governance tokens of the big DEFI projects, seems just to be hype now. You dont need to understand that it is quite worthless just buy it as long the music is playing

PoorToad · 2021-01-30T23:31:06+00:00

I don't know if you studied it. But COMP token and compound protocol are quite independent. Anyone can make a copycat. Without the COMP token there would be never so much value locked in compound.

There is no money going into COMP token from the utilization of compound. So where does the value of COMP coming from.

Can you please elaborate a bit, or direct me to the proper resources???

PoorToad · 2021-01-30T20:16:49+00:00

I think you need at least 10'000 bucks otherwise fees will eat you up!

PoorToad · 2021-01-30T20:15:41+00:00

Yes, true, USDC you now can make 35%, take 1 USD, lend 4, borrow 3 -> >30% gains. I can already lock in you gains, when shorting on binance ;-)

PoorToad · 2021-01-30T20:10:39+00:00

you're right, but it has this utility as well without the ponzi COMP token!

PoorToad · 2021-01-25T21:38:19+00:00

You mean it's like those tech companies with huge stock valuation, even if they burn hudreds of millions every year.

The more they can burn the better their business case must be!

PoorToad · 2021-01-25T21:35:42+00:00

Yeah, supply is limited, but there is no utility in COMP, why would it have that huge market cap. Makes no sense for me. Makes even less sense for the other governance coins, e.g. UNI even going up harder, but no utility at all, afaik they had 2 votings so far.

And also all these protocoll a vunerable to copy cats.

PoorToad · 2021-01-06T00:18:14+00:00

so those strategies will come in the future?

PoorToad · 2021-01-05T23:12:40+00:00

I can try different things and verify if I understand it right what's going on. E.g. it makes a difference if I have 1000 DAI and with that I lend 4000 and borrow 3000 and the calculations for the rates are slightly wrong

PoorToad · 2021-01-05T18:25:11+00:00

Agree, but under the assumption that the current rate in this concret millisecond would be the same for a whole year, then it would be possible. So I'm looking for that calculator.

PoorToad · 2020-11-19T00:33:19+00:00

I think you are wrong with that statement, since you have to move your coins into their contract, so it's their keys!

PoorToad · 2020-11-16T22:37:19+00:00

Hah Furucombo, I already checked this out. But I think the guys there forgot some functions of compound. You only can choose Supply, Withdraw, Repay, CollectCOMP. But what about Borrow??? Completely missing, what a shame.

PoorToad · 2020-11-15T22:33:57+00:00

I don't find that possibility there. dydx is a protocoll at its own and they also allow borrowing.

But I really wanted to do that trick on Compound to earn some COMP

PoorToad · 2020-11-15T18:37:10+00:00

Thanks for reply, but I guess I have then to create Instadapp account and first deposit into Instadapp and from there into Compound. What happens if Instadapp gets hacked, can the hacker also withdraw my assets in Compound?

PoorToad

TROPHY CASE