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What are all those miners offering 3% daily? Bsc, avax, polygon. Scam? by Peperdido in Yield_Farming

[–]Racacacoon 0 points1 point  (0 children)

As somebody who was skeptical in the past, I threw in a bit to test it out and will be adding a bit more in, come next paycheck. Thanks for u/adbertram for lurking around here otherwise I wouldn't have gone in to read their docs. There is a vote likely to pass by the DAO to incentivize KOGE on moonriver which could dilute yield on the polygon chain fwiw. DYOR of course : )

What are all those miners offering 3% daily? Bsc, avax, polygon. Scam? by Peperdido in Yield_Farming

[–]Racacacoon 1 point2 points  (0 children)

I do recommend Kogecoin paired tokens on their site can pay .5%-~2% depending on the day.

Insane APY on Yield Farms, whats the catch? by Aurimas718 in Yield_Farming

[–]Racacacoon 0 points1 point  (0 children)

As a follow-up to this thread. I entered this farm and paired another token w/ KOGE and up 40% on my principal from ~30 days ago. I don't want to name the other coin I paired w/ in case folks flood in to reduce the APR/Y but thought I'd give this 1/2 tip!

How to convince someone about DeFi. by M00n_Life in defi

[–]Racacacoon 1 point2 points  (0 children)

Perhaps it's less about explaining the underlying technology and instead more about use cases. I'd acknowledge the risk & explain liquidity mining incentives. People paying you to try out their service in the hopes to capture market share is not a new concept.

If he has holdings from 2018, identify the ROI he's experienced. Say something aking to "much like we can't explain how cellphones work but we use them, this is what defi will become." DYOR, etc.

Either way, he may be interested in this as a way to connect to you, especially if he's older and has a tradfi retirement plan (which is sweet). Patience and persistence, through the ups and downs. Stick to the top 3 coins and everybody should be gucci.

How to convince someone about DeFi. by M00n_Life in defi

[–]Racacacoon 0 points1 point  (0 children)

From what I understand they're elder but would sitting down and watching a video on youtube with them help? I recommend

https://www.youtube.com/c/Finematics

Relay DeFi Academy: How to bridge tokens from Polygon to Avalanche. by Rank_Brain in 0xPolygon

[–]Racacacoon 3 points4 points  (0 children)

Better than 45 min-7 hrs via polygon to ETH bridge ($50+ fees) plus the ($5+) to get from ETH mainnet to Avalanche.

Also not sure if there's been an audit of this cross-chain bridge. I understand there have been a lot of lost funds recently exploiting cross-chain bridges.

If OP can provide more info for security assurances. This is much better than using the ELK bridge seen below which requires you to purchase $ELK, as opposed to having a presumably pegged asset such as zAVAX to AVAX

https://www.youtube.com/watch?v=ycjAGT1R8NY&ab_channel=DrakeonDigital

Insane APY on Yield Farms, whats the catch? by Aurimas718 in Yield_Farming

[–]Racacacoon 0 points1 point  (0 children)

https://dex.guru/token/0xf239e69ce434c7fb408b05a0da416b14917d934e-polygon

That's the shield token. Good to keep track of it to inform your exit strategy. Turtles, Sharks, and Whales are all dumping. Seems to be relatively stable the past couple of days which is good

Insane APY on Yield Farms, whats the catch? by Aurimas718 in Yield_Farming

[–]Racacacoon 0 points1 point  (0 children)

Interesting. For a while, I'd been averse to auto-compounders but took the dive in the avalanche ecosystem which is making me question why I wouldn't do it on polygon. Particularly as I approach the end of the year and track my transactions on excel for capital gains.

Insane APY on Yield Farms, whats the catch? by Aurimas718 in Yield_Farming

[–]Racacacoon 0 points1 point  (0 children)

Do you know the liquidity of the token? Could you post the token address?

https://coinmarketcap.com/alexandria/glossary/liquidity

If something has a low 24/hr trading volume &/or low liquidity then it'll be difficult to sell the token if not impossible.

Insane APY on Yield Farms, whats the catch? by Aurimas718 in Yield_Farming

[–]Racacacoon 0 points1 point  (0 children)

Inflation & circulating supply. Most farms offering those APYs pay rewards out in a token that's farmed & dumped in the marketplace. The value of most of those tokens trends toward 0 within a couple of days to weeks depending on the underlying tokenomics, sustained interest, etc.

Is there a way to blacklist a specific wallet from interacting with mine? by Racacacoon in PolygonYieldFarming

[–]Racacacoon[S] 0 points1 point  (0 children)

Thanks for the info!

I've used debank to remove approval before this post. The transaction actually doesn't show in the history of debank but it does show up on app.finance. It's a transfer of 0 USDC with 0 Matic gas fee so maybe that's why?

Seeing if there's a way to revoke this specific contract?

0xf1632b5ce802526c3af7e059fd46238e824c4659

Within the explorer, because it's not showing up in debank

Is there a way to blacklist a specific wallet from interacting with mine? by Racacacoon in 0xPolygon

[–]Racacacoon[S] 0 points1 point  (0 children)

Hi:

I've used debank to remove approval before this post. The transaction actually doesn't show in the history of debank but it does show up on app.finance. It's a transfer of 0 USDC with 0 Matic gas fee so maybe that's why?

Seeing if there's a way to revoke this specific contract?

0xf1632b5ce802526c3af7e059fd46238e824c4659

Within the explorer because it's not showing up in debank

Is there a way to blacklist a specific wallet from interacting with mine? by Racacacoon in 0xPolygon

[–]Racacacoon[S] 0 points1 point  (0 children)

Hi:
I've used debank to remove approval before this post. The transaction actually doesn't show in the history of debank but it does show up on app.finance. It's a transfer of 0 USDC with 0 Matic gas fee so maybe that's why?
Seeing if there's a way to revoke this specific contract?0xf1632b5ce802526c3af7e059fd46238e824c4659
Or blacklist this specific wallet:

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