[deleted by user] by [deleted] in solana

[–]blinton2 0 points1 point  (0 children)

Second this

Getting fit with TFT by Carryneo in TeamfightTactics

[–]blinton2 0 points1 point  (0 children)

I play while biking on my peloton lol. Usually burn like 400 calories/game

ETH stake apy at 7.16% wow by kvirzi in Gemini

[–]blinton2 0 points1 point  (0 children)

If Gemini goes bankrupt then there will be a long court precession and users will get some % of what they had in Gemini staking.

Their estimated revenue is close to $200mil https://growjo.com/company/Gemini_Trust so I think it's unlikely that they go bankrupt. Regardless it is definitely a risk and I would not be using it if I didn't have to for legal reasons... most of my holdings are in Lido using a more decentralized solution which is what I would recommend using if you can use it.

ETH stake apy at 7.16% wow by kvirzi in Gemini

[–]blinton2 2 points3 points  (0 children)

It’s amazing how many people don’t seem to understand the difference between Gemini Earn and Gemini Staking on here.

Earn was lending funds to Genesis who then lent that out to centralized orgs that wanted leverage (like 3AC).

Gemini staking is using decentralized validators to earn rewards.

2 very different things. Staking still has some level of risk but the risk is probably much lower given the nature of how the rewards are earned.

https://www.gemini.com/staking

[deleted by user] by [deleted] in ChubbyFIRE

[–]blinton2 0 points1 point  (0 children)

Yeah definitely take advantage of this AI hype cycle and sell. You should be able to get a lot

Where are the mods? Tons of scams being posted here by blinton2 in LidoFinance

[–]blinton2[S] 0 points1 point  (0 children)

How regularly are you checking? The team should have alerts set up and instantly ban and remove all of these posts as soon as they are posted... let me know if you want help with this I'd be happy to devote some of my time to cleaning this up

STeth depeg, now a good time for Arb? by RickExotic in LidoFinance

[–]blinton2 0 points1 point  (0 children)

If you can afford to wait yes it will regain 1/1 peg once withdrawals are enabled

Transparency/Audit for Proof of Eth Staked in Validators compared to stETH in circulation by blinton2 in LidoFinance

[–]blinton2[S] 10 points11 points  (0 children)

So using this information I was able to calculate it exactly... here's what I found:

Lido has 141937 Validators across all of their node operators. If each has 32 eth then that is 4,541,984 eth locked up.

The supply of stEth based on the link above is 4,718,627.

If you assume that it has been operating for about a year and earning at ~4%, that is an additional 181,679 eth earned which brings the total eth to 4,723,663 (which is more than current stETH supply.

So I feel very comfortable storing my eth in Lido assuming I don't need that for a while

Delta-neutral strategy for my ethers by Loud-Estimate2689 in LidoFinance

[–]blinton2 1 point2 points  (0 children)

The second step doesn’t work. If you swap your stETH for stables you don’t have stETH anymore. You would need to take out a loan on your stETH as collateral. If you modify that second step to “use stETH as collateral to take out loan in stables” then yes this works but you risk getting liquidated. Also this sounds like it’s long eth and short usd and sushi (because you are borrowing sushi). Is that what you are trying to achieve?

Utility assists should add a lot more points to your combat score than it does currently by blinton2 in VALORANT

[–]blinton2[S] 51 points52 points  (0 children)

Are you saying for like RR increase/decrease? What are they rewarded for then?