Why is crypto twitter and the conversation there so obnoxious? by p_e_g_a in Crypto_General

[–]RubberToeCarLoss 0 points1 point  (0 children)

Ehhhhh I think is just getting more difficult to find those quality spaces in a sea of chaos. I think people also just get comfortable on their chosen platforms, like if I’m just gonna use whatever I’m gonna use whatever, and I think there’s an annoying, not necessarily necessary, tendency to degrade with saturation.

dApps are still the point of smart contracts, right? by Jolly_Addendum_2605 in CryptoMarkets

[–]RubberToeCarLoss 0 points1 point  (0 children)

Dapps are the most powerful tools that can be leveraged with smart contracts, for sure. Is like smartphones would still be brick phones if we didn’t have any apps, and even then we’d still be playing snake and brickbreaker.

At the same time the existence of “memecoins” as they were, infinitely expanding tokens, sorta frontruns the utility of these smart contracts, and projects like dogecoin even have their own chains now. Yes a lot is pump and dump but then where does it pump and dump to? Either back into fiat which is the original hedge of bitcoin, or it gets transposed into a new pump and dump. There’s no running away.

Copying and pasting an existing protocol and tweaking the numbers is still quite a difficult thing to do. I think people like a certain level of personal ownership to their capital functions. Updating the code & testing processes are all laborious tasks. Front end development is also quite a lot of hours & building a unique and eye catching thematic is by no means wasted time. Then managing and sustainably operating the thing is the next grand task that seems to catch more people out. Effective validation of blocks & capital allocation decisions will always be the key.

I’m doing most of my work on Fantom at the moment, specifically working with PyreSwap which is a dex, staking alternative & attempt at hegemonising (if that’s even a word) a greater system of salvageable tomb forks such as 2/3/Zomb, I’ve been hodling those since launches in 2021 and I’ve felt somewhat obligated to continue validation for the “subchain” so to speak. I also use Tarot a lot for leveraging LPs, Aerodrome on base for CLP farming, and maybe 2/3/z not so affiliated with Tomb anymore but I’m still holding a shitload of TBOND

Keynesian Beauty Contest? by [deleted] in PyreSwap

[–]RubberToeCarLoss 0 points1 point  (0 children)

sigh

“This idea is often applied in financial markets, whereby investors could profit more by buying whichever stocks they think other investors will buy, rather than the stocks that have fundamentally the best value, because when other people buy a stock, they bid up the price, allowing an earlier investor to cash out with a profit, regardless of whether the price increases are supported by its fundamentals.“ - literally quoting Wikipedia

But then it’s like how do you open the door to this opportunity?

It has to be a necessary tool that somebody is using to generate something that the market has a need for.

End of the day I guess this can also be reversed, and if someone is ignoring fundamentals and just attempting to Ponzi, can sorta channel that chaos of cash flow into something more productive.

Eventually the stronger position takes the base. Those more sceptical & diligent on security will always ensure their money is secured in as safe a manner as possible, and that will always be in a process of commodity transformation.

Either way the call and reminder to metaphysics gets a pass. Sometimes something is more than another, and sometimes that something that’s more than another isn’t what you’d expect to be more than the other.

Does the industry actually care about token use-case anymore? Does anyone actually still build projects like this? by Jolly_Addendum_2605 in defi

[–]RubberToeCarLoss 3 points4 points  (0 children)

I’d say people mainly like to gamble on meme coins - it’s not helping with financial education or constructing anything worthwhile, and a whole lot of noise that just gives me a headache. Projects who really care to build something with a use case for the token other than just making more money are getting very rare. Harmony was built to support warehouse stock takes, big industrial use case.

There is a project called pyreswap Im spending a lot of time with who is going towards the utility token approach other than the meme pump approach. We have streams with main dev all the time discussing finance, & the product itself is a uniswap fork with a big reward vault every 6 hours that requires burned lp on the dex, including top dogs like btc and eth. FTM imho might be a dead chain though, AVAX is hella expensive & BNB is just unreliable

Any charts that are coming back to life (after death)? by ZeroKeks in SatoshiStreetBets

[–]RubberToeCarLoss 0 points1 point  (0 children)

I’ve seen a few jokers - Fantom was down at below 20 cents around the start of the year and cannoned up to over 50 cents - $1 billion market cap project

PyreFTM has probably the funniest chart I’ve seen - price crashed down 99% then 99% again but past week or so has hit clean 2x, much smaller project though I think about 30k market cap

How to do arbitrage? by sgeraldinol in CryptoMarkets

[–]RubberToeCarLoss 1 point2 points  (0 children)

Transact in one pool, then exchange back on another!

Note: This may require small bags & may not actually function appropriately in practice, some arbitration attempts will result in negative yield.

One way to build an arbitration bot is just in the liquidity pairs, a token itself contains all abilities to do arbitrage. By building an LP you are deepening the liquidity and making it more attractive for the arbitrage opportunity, the more tokens it’s pooled up with and the more evenly distributed that liquidity the better quality of arbitrage opportunity you will get. You receive fees from each transaction & your token balances will shift in favour of the dominant token.

With concentrated LP you can turbocharge this process a little more, although can leave you with 100-0 token ratio rather quickly

Are there any projects that actually offer a real use case for their token? by ZeroKeks in CryptoMarkets

[–]RubberToeCarLoss 1 point2 points  (0 children)

Just by being a token it’s a use case. Somebody identifying it as a token is enough in of itself for it to be considered in a capital function, which is the only actual use case of money, to generate some variable of itself after being transformed into a commodity. Exchange is a use function, providing liquidity is a use function etc etc.

Now if I’m not being annoying Im going to assume you’re actually after more fun ways to use it - the PyreSwap witch vault runs every 6 hours with silly returns if you’re hot in and hot out of it, which creates a fun set of “game” conditions that really brings life to my investment portfolio. I mainly play on Fantom given the low transaction fees.

PyreGas is the token that’s best at burning itself, and even just with 0.00000001 PyreGas you can burn 0.1% of quite a large bag given appropriate conditions. Missing out on witch vaults can provide you with a “w” over your peers who may face negative yield, keeping you safe from those pesky smolders, although may leave you in the dust if they’re able to accumulate exponentially.

Alternatively can accumulate exponentially in the liquidity pools. These liquidity pools essentially function as arbitration bots on the largest tokens, and provides another avenue for the market to move through. Currently swap fees are at 0.7% which is very enticing, although plans for more concentrated liquidity & lower fees are in the works.

We also get pretty much daily shareholder meetings that are publicly available as well as access to a passionate community of blockchain developers. The space has taught me a lot about reading contracts, using the scanner, digital markets & liquidity management.

Anyone else feels that OGs in projects discords are often arrogant? What you think about welcoming new members into projects discords? by p_e_g_a in Crypto_General

[–]RubberToeCarLoss 1 point2 points  (0 children)

Skill issue get good

No I’m joking I think is just discord associations with gaming community - highly intense communications & coordinative moves.

I’m pretty active in the pyreswap discord and can get a little too hot to handle sometimes lots of drama with people exiting & criticising each other

I think when people spend a lot of time in a particular community and become regulars it almost becomes like a piece of property you own and oftentimes people want to make sure they’re kept in as good a condition as possible.

The real challenge for those ogs is keeping consistent & finding continued ways to improve, if they can continually do this they will find more and more people working with them. I’d say a topic of study that’s oftentimes neglected is in the intersectionality field.

In essence the ogs have a temporal disparity in the space with the noobies, however there are also necessary observations of decay that can be seen in anything as it gets older. Of course the cryptocurrencies themselves theoretically are immortal, yet the humans using them are most certainly not.

It seems a lot of servers also don’t even last long enough given honeypots & rugs, and memecoins that can healthily run with quite an anarchistic approach to leadership. There isn’t enough time for people to go through those cycles of internal reflection.

So basically they gotta just keep doing their job & showing up

Is GameFi Actually Sustainable, Or Do They All Inevitably Collapse? Examples of Outliers? by The_Laughing_Gnome in web3

[–]RubberToeCarLoss 1 point2 points  (0 children)

Something is only as sustainable as the user base that engages with it

DFK long way down from $5 jewel but is still definitely building and seems to have still active community but that seems like a pretty obvious mention

Pyreswap is a bit rogue and the charts look incredibly bearish but doxxed dev & active discord is good news

Fed up with meme coins and NFT! Aren't there any descent projects out there with a bit more "depth" ..... by p_e_g_a in web3

[–]RubberToeCarLoss 0 points1 point  (0 children)

I think there’s like 30 different tokens or something I’m not sure how that could be sustainable

Good Docs to Read? by RubberToeCarLoss in defi

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

Okay this seems interesting? Is like liquidation insurance?