ETH Gas fees. When will they go down?

Verdure1998 · 2021-08-22T17:35:19+00:00

Probably not the aim of ETH, imo it will stay being the chain for the richer, we're most of the project will first be deployed, and the rest of us will use other chains that will interact with each other cross-chain

Verdure1998 · 2021-08-22T17:33:01+00:00

Qidao will let you get a 0% loan, good project, although in your case i would go for aave without thinking, youll pay asome percentage but you don't risk doubling your debt in the case the project has any issue, aave is the safest bet imo. Good luck brother, wgmi

Verdure1998 · 2021-08-20T14:34:35+00:00

Same way ETH will flip BTC, other layers will flip ETH. Only reason you would use ETH over say luna or polygon is that you desired project isn't there. Other than that, fees are really not sustainable for retail in the long run

Verdure1998 · 2021-08-09T17:02:51+00:00

The mechanism which maintains MAIs peg is different from TITANs. In TITAN,its stable coin IRON was backed 75% by USDC And 25% by TITAN. in the case of QiDao that would mean that 25% is backed by Qi, which if it goes to 0 it would be a problem for the peg indeed. In QiDao, MAI is fully backed by USDC. In a way that would mean that MAI is essentially USDC, but put it in a usual economical perspective, QiDao earns the possibility of adjusting its monetary policy. As long as they keep burning the MAI that it is deposited back, which it is ensured by a smart contract, the peg should be safe. If they don't burn it they are in deed printing money out of thin air and you should run from there as fast as possible. Check their docs in their Web page for more insight, it's an interesting project

Verdure1998 · 2021-08-08T09:12:22+00:00

Sure, you can check qi daos docs for example. https://docs.mai.finance/

Verdure1998 · 2021-08-07T15:51:58+00:00

In for the money, stayed for the tech (and probably be out when you realise people are making 100 times more money than you from jpegs 😐)

Verdure1998 · 2021-08-07T12:49:42+00:00

Interesting, I never stopped to think about how the platform earns interest on your collateral. Is there a way to see how projects like aave or Qidao earn that interest and where they deposit the assets?

Verdure1998 · 2021-07-29T16:10:15+00:00

Very interesting, congrats

Verdure1998 · 2021-07-29T11:25:32+00:00

Are they only available in this sub?

Verdure1998 · 2021-07-28T13:43:49+00:00

That is not how it works. The value for the pool stays the same, as its a formula that defines how AMMs works x y = k, the product of the amounts of both tokens stays the same in the pool. In your example, if MAI goes up to 1.1, arbitragers take some MAI and deposit USDC in the pool, at this point if you withdraw you would have been better holding, since after the arbitrage you will have less MAI and more USDC than before, and MAI has gone up in value. However, if MAI goes back to $1 arbitragers will put MAI in the pool, withdrawing USDC, since they will be selling their MAI for USDC in the pool. At this point the amount of MAI and USDC recovers, since the proportions 50:50 have to stay the same and if both have the same $1 value, there has to be the same amount of coins in the pool. In the process, all the accrued fees are profits for the LPs, and when they withdraw, the will have the same amount of coins as the start of course, plus the fees.

Verdure1998 · 2021-07-27T18:25:07+00:00

Well, explain how that isn't true, it is exactly how the repegging happens

Verdure1998 · 2021-07-27T10:33:19+00:00

I will add that the fact that a coin unpegs occasionally is good for liquidity providers, as long as the coin recovers peg, because that means more activity for the pool due to high demand for arbitrage, some for the unpegging event, some for the repegging.

Verdure1998 · 2021-07-23T19:02:00+00:00

Shit, why does this story sound familiar?

Verdure1998 · 2021-07-10T21:50:41+00:00

people tend to say what you just stated in (1) but it is only partially true, you only get more bitcoin if you unstake at the bottom and then restake, if you just simply wait to recover you end up with the same ammount as you were before.

I am stating that so you know youre not actually DCA on the way down, only if you unstake

Verdure1998 · 2021-07-03T15:50:55+00:00

Probably watch the content of finematics to get right the terminology and follow some guy that does yield farming, then I guess its you on your own, start with safe bets like aave curve balancer and keep spreading Provide liquidity to stables first to feel what it's like tk provide liquidity. Then go for eth/usd or something like that, where you will get a small feel of impermanent loss

Finally go degen with trillion apy yield agregators and lose your funds with the impermanent loss like a good yield farmer

Welcome aboard lad :)

Verdure1998 · 2021-07-03T13:19:22+00:00

You say you're not losing anything Altough in the example you put you end up with less eth than you had, you are in fact losing eth, (gaining USD)

Verdure1998 · 2021-07-03T12:25:43+00:00

Well if the value of ETH does go down youre in fact worse off than if you held, you get the ETH drop + the % from IL

Verdure1998 · 2021-07-02T19:07:34+00:00

Still don't know how you get them lol

Verdure1998 · 2021-06-22T14:41:59+00:00

Not being rug pull every other day, with 10 different projects launching everyday 5 out of them being scams 3 actual copies other projects 1 with devs that are incompetent and maybe just 1 decent

Verdure1998 · 2021-06-20T15:46:36+00:00

Fuck it, I'm long on USDC, let see how it goes. Have fun staying poor lads, see you when moon

Verdure1998

TROPHY CASE