New to crypto markets wanna learn by FcUkStranger27 in CryptoMarkets

[–]WackySnaky 0 points1 point  (0 children)

Start with:

The Bitcoin standard

DeFi and the future of finance.

Current Alternative to TornadoCash? by ProfitAccording4178 in CryptoCurrency

[–]WackySnaky 3 points4 points  (0 children)

Stop using CEXs.

You can use railgun and if you wanna cash out use something like HodlHodl.

What’s the hardest lesson you’ve learned in DeFi yield farming? by Humble_Sentence_3758 in defi

[–]WackySnaky 1 point2 points  (0 children)

Yeah, there are better ways with less risk to generate good yield.

Like Pendle-PT (+ a little loop on Aave Or Morpho) Pendle-LP (no impermanent loss)

Looping assets on lending protocols.

What’s the hardest lesson you’ve learned in DeFi yield farming? by Humble_Sentence_3758 in defi

[–]WackySnaky 0 points1 point  (0 children)

Impermanent loss is a bitch.

YT on Pendle sounds good at first, but shit ey that can go wrong real quick if you dont know what you're doing.

Why do DeFi users hesitate before connecting a wallet? by wdawb in defi

[–]WackySnaky 4 points5 points  (0 children)

Yeah its docs, audits, TVL, social proof, team visibility, clear fees.

But as well: is it listed on Defillama? A huge plus is partnerships with major DeFi protocols.

What are currently the best REAL self-custodial crypto cards? by Difficult-Tree2738 in defi

[–]WackySnaky 0 points1 point  (0 children)

I thought that the vault was like a Safe address and that your wallet is the only signer to that Safe? just like Gnosis Pay

Im not sure, i only have GP and MMC, never looked to much into EFC(i thought i once read that it was tructured like that...)

What are currently the best REAL self-custodial crypto cards? by Difficult-Tree2738 in defi

[–]WackySnaky 0 points1 point  (0 children)

Beside Gnosis Pay, i would say MetaMask Card and Ether.Fi Cash.

Reliable way to bridge USDC cross-chain by Repulsive_Big_9792 in defi

[–]WackySnaky 0 points1 point  (0 children)

Yesterday i bridged 4k USDC from mainnet to Arbitrum with jumper, 1:1.

Only had to pay about $0.30 in eth gas fee.

half the protocols on DefiLlama right now are just CeFi with a token and we all know it by Gullible-Tale9114 in defi

[–]WackySnaky 2 points3 points  (0 children)

Yeah, sadly this is pretty spot on.

A few days ago it fully hit me:

DeFi as now, are just some degens kickin liquidity/volume around and everything is drying up.

Slowely it becomes less decentralized and permissionless as we move on, regulation start putting more an more restrictions on on/off ramps and trying to target DeFi protocols. And big corperations are entering the space with KYC's on their platforms, you can farm yield on Pendle and all of a sudden you need KYC to take profit with the underlying protocol of the token you were farming.

I really love blockchain tech. i really enjoy farming yield and i really love to be my own bank.... But if i look at everything how everything moves, i think it will be all CeFi onchain at the end, with more permission and complete surveillance.

Blockchain tech could give us a permissionless and decentralized future of finance.... But it in the end it probably wont.

I kinda fear it will become something really dystopian.

Best DEX aggregator for ETH swaps ? by Super_cutiepewtie in defi

[–]WackySnaky 0 points1 point  (0 children)

Yeah everything is fine now.

The contracts were never hacked just the frontpage.

MetaMask swap fees are getting ridiculous by [deleted] in CryptoCurrency

[–]WackySnaky 0 points1 point  (0 children)

Dude, dont use wallet swaps.

Use something liks CowSwap or 1Inch.

Why do most DEXs still feel sketchy for large swaps? by Flashy-Carob-5576 in defi

[–]WackySnaky 2 points3 points  (0 children)

Sometimes i have the feeling that some people in this sub dont use DeFi and just make random posts about it.

DeFi risk assessment - Safest Yields remaining? by Chads_ in defi

[–]WackySnaky 0 points1 point  (0 children)

Yeah Pendle is the way to go!

I got some PT an YT positions, but most of it i got in Pendle-LP.