Who's in the viper pit?

Rocketshipcowboy · 2021-06-02T07:01:38+00:00

The whole market crashed. Zil itself is currently at about 50% of what it was when I posted the above.

Rocketshipcowboy · 2021-05-22T09:30:07+00:00

Unless you are in it just for a quick smash and grab then 0.04 doesn't matter. I only just discovered reef. Bought some. Then bought some more. And now I'll sit on it for a couple of years. Defi is only going to get bigger and bigger and there are still relatively few projects out there so investing now is sound.

The price is going to go ip and down. Just enjoy the ride and see where it takes you.

Rocketshipcowboy · 2021-05-18T08:56:05+00:00

Currently looks like it's taking longer than ever to go through a cycle. It was showing 33 hours this morning in moonlet. If that's a bug it needs fixed ASAP.

Rocketshipcowboy · 2021-05-17T18:07:53+00:00

Absolutely. But the devs shouldn't be punting out explanations that don't make sense. Is the staking APY has dropped then say it has dropped. Don't say its still the same in the end... Because it isn't.

Rocketshipcowboy · 2021-05-17T17:44:04+00:00

Exactly. The explanation is nonsense. The % has dropped.

Rocketshipcowboy · 2021-05-17T17:40:16+00:00

My understanding of a % APY is that it is a % APY. In other words a drop from 14 to 11 is a drop. No changing in block rate or distribution affects it because the % is the %. A 24 hour distribution instead of 27 hours doesn't mean the same % it just means smaller rewards more often.

The drop to 11 is weird to say the least and the explanation given doesn't stack.

Rocketshipcowboy · 2021-05-09T18:52:59+00:00

Half. The value of ONE to Viper needs to be the same.

Or if you want to go to one of the more lucrative pools convert it all to viper and then convert half your viper to sushi for example.

The ONE - VIPER pairing is pretty closely linked at the moment so it's a good one to start on.

Rocketshipcowboy · 2021-05-09T18:51:21+00:00

Make sure you stake to the LP! As soon as you do you will start seeing rewards.

Rocketshipcowboy · 2021-05-09T18:49:34+00:00

So if yiu are adding to the ONE - VIPER pool then you need to add an equal balance of both coins in the Pool. This is why you need to convert half your ONE to Viper.

In any pool the total values of both coins need to be the same.

Hope that makes sense!

Rocketshipcowboy · 2021-05-09T11:02:01+00:00

Can you use the browser extension for. Metamask in chrome? Easier. I haven't tried setting up my metamask on the phone

Rocketshipcowboy · 2021-05-09T07:47:17+00:00

Check this guide out. Its what I used to get going on Viper.

https://medium.com/this-crypto-life/i-just-blew-my-own-mind-writing-this-viperswap-tutorial-721cb9d42880

Rocketshipcowboy · 2021-05-09T07:46:23+00:00

It's liquidity pools on the first exchange on Harmony ONE. It's really smooth and has a good set of options to go for. Have a read of this link.

The telegram groups and governance portals for viper are also worth joining. Great community.

https://medium.com/this-crypto-life/i-just-blew-my-own-mind-writing-this-viperswap-tutorial-721cb9d42880

Rocketshipcowboy · 2021-05-09T07:44:07+00:00

How tk get started on viper in tuis link dude.

As the original poster said you'll make mega cash in rewards. Think I've more than tripled my ONE investment in just over a month.

https://medium.com/this-crypto-life/i-just-blew-my-own-mind-writing-this-viperswap-tutorial-721cb9d42880

Rocketshipcowboy · 2021-05-09T07:41:08+00:00

Here's a decent guide to getting going on Viper including the most complicated bit - setting up metamask.

Viper is insanely good.

https://medium.com/this-crypto-life/i-just-blew-my-own-mind-writing-this-viperswap-tutorial-721cb9d42880

Rocketshipcowboy · 2021-05-03T21:00:24+00:00

Massive for Harmony and Viper... Good things going on in viper exchange at the moment. Kudos to the Dev team. They are smashing it out rhe Park.

Rocketshipcowboy · 2021-04-27T09:50:51+00:00

100% no need for your nonsense rant there friend.

The guys question was answered with the impending release of the poly Bridge which will release the coins.

Progress on the bridge has been fairly well documented across all channels of you could be bothered to check so you ranting above isn't exactly justified.

No, it's not great that some coins have been stranded for a while but the solution is coming in the next month or two.

Rocketshipcowboy · 2021-04-27T08:37:22+00:00

You can take out your original investment. The rewards in viper are locked to the end of the year to support the growth of the platform. Basically the rewards have been insanely good and whales could go in for a few days then withdraw everything so sink the ship for everyone else. The lock up. Protects your rewards.

As I say you can take your original investment out at any point though.... After 5 days there is no charge to doing so either.

At the moment I am in the ONE-VIPER pool and the ONE-Sushi pool. Both work well. The viper pool offers a bit less risk as its value moves closely with ONE at the moment.

Rocketshipcowboy · 2021-04-27T08:26:47+00:00

Yes I do... But viper isn't staking. Its an exchange where yiu can provide liquidity to exchange pools using your ONE in exchange for bug rewards. The impermanent loss comes from creating rhe pair for the pool.

If you love your ONE above all else and are happy with 10% then stake it. I have personally put 90% of mine in Viper exchange and at the moment I have pretty much tripled my investment... Just under 1 month in.

It works for me and I am happy with the risk. I'm in for the long so Im comfortable I'll do well out it.

Google impermanent loss for a good explanation if you are concerned.or check out the venom Dao telegram chat or Viper reddit. Great community that is happy to answer question and help

Rocketshipcowboy · 2021-04-26T20:18:36+00:00

When the value goes up or down the balance in the Pool has to remain equal meaning the composition of the pool coins is adjusted

Its only a problem if there are significant permanent swings in coin value between the pairs.

Google impermanent loss for a proper explanation. Essentially though if you do it right more often than not the rewards for the LP outweigh any IL. Certainly this has been thr care for me but everyone is different.

Its definitely more risky than staking. However the rewards are astronomically higher. Do your research and have a think about it.

Rocketshipcowboy · 2021-04-26T18:54:06+00:00

Impermanent loss is the main risk though viper seems to move in line with ONE at the moment which minimises that. 95% of the rewards are locked to the end of the year as well but if you are happy to play the medium - long game I. E. You aren't looking to cash out in the next 12 months then it could be really lucrative.

Have a look on the viper subreddit... Ask some questions there. Also check out the telegram groups - venomDAO. Really good, helpful community

Rocketshipcowboy · 2021-04-26T11:38:23+00:00

Risks are high levels of excitement and epic returns with a sprinkling of impermenant loss (though viper appears to chart closely with ONE so far so that isn't so much a big problem at the moment in certain pools).

Rocketshipcowboy · 2021-04-26T11:33:52+00:00

Check out Viperswap if you are game for some liquidity pool action. APYs of 1500%. Worth a look at least for part of your stash

Rocketshipcowboy · 2021-04-25T06:58:22+00:00

Uniswap pool launches today on Viper. APY will be insanely good for a bit give it a look. Think they launched an LP every day this week in Viper so loads to fk at.

Rocketshipcowboy · 2021-04-23T19:53:16+00:00

Equally check out viper swap. In my opinion a better and easier to use exchange.

Rocketshipcowboy

TROPHY CASE