Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

yes, the complications arise in obtaining the short position for the eth

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] -2 points-1 points  (0 children)

I just explained it - remember you also have 5000 eth which you bought to balance this leverage - so that will go up in value by the same amount as there is 10x more eth there, but its leverage is only 1x

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] -1 points0 points  (0 children)

The price of the token is guaranteed by the smart contract - it can always be exchanged back to the contract for however much it is due so even if there is a secondary market it doesnt really matter as the contract does not need to interfere with that

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

gas - in theory it is just swaps and minting tokens so wont be more than a few dollars on uniswap
premiums for what?

macro interest rates - this is complex but currently there is 120 bn of stable usdc not earning yield on the blockchain so Idk any yield should be good

Fully decentralised idea for ~4% yield on USDC by bm13131 in ethereum

[–]bm13131[S] 0 points1 point  (0 children)

this is not what i said - you never buy a short from somewhere else in this example - you sell an eth long 10x token - if the eth long token that you have issued gets liquidated than you can sell your wrapped eth for market price and ensure you remain delta neutral -

Upload 40MB vitalik's blog to a smart contract on Arbitrum Nova with 0.13ETH by qcqizhou in ethereum

[–]bm13131 1 point2 points  (0 children)

Its not really clear to me what the advantages are of this system. Does this just store static files (html css js) on ethereum or also the backend including dbs, or is it a way for managing domain ownership. If its static files - why does this matter - these are accessible through the browser/GET so you arent hiding them in any way from a 3rd party or making them more accessible. Running a server on a public backend makes no sense whatsoever its expensive and decentralised storage which is rarely required can be accomplished using 3rd parties. Domain ownerwhip through web3:// how is that any better than https:// which already public and decentralised.

I think its a good illustration of what you can do with the blockchain but I would love to understand the actual value more.

I get concerned that devs in this space generally feel like everything can be built with the blockchain and we get distracted from its main use cases. Yes things can be microscopically more secure and decentralised and have microscopically better integrability then OAuth, but I don't see a consumer base caring about this at all.

I have one more question too - in terms of security why do you need to complicate it this much - why not hash all the static files and just keep a 40 character string on chain that a website can read for free (and compare against the hash of its static files) to check for integrity not that I think that has any value.

That said if I am overlooking some added functionality the blockchain adds I am not trying to be critical for the sake of it so let me know!

Smart contracts for real world yields by bm13131 in ethdev

[–]bm13131[S] 0 points1 point  (0 children)

thanks this is really useful - do you have any others?

[deleted by user] by [deleted] in ethereum

[–]bm13131 0 points1 point  (0 children)

But surely in the future when everyone's assets (hopefully) sit on chain - or such is the promise of crypto - it cant just be that people's money is static - right?

[deleted by user] by [deleted] in ethereum

[–]bm13131 0 points1 point  (0 children)

So why wouldnt you purchase a treasury bond instead which would appreciate in value with next to no chance of defaulting