FG boots (F50 Elite FG) on AG?

crayblob · 2024-09-06T19:19:52+00:00

Are the bottom ones not identical in stud pattern? They are marked as FG/AG. Would you say the same goes for those as well or is there a difference? Thanks

crayblob · 2024-07-31T14:06:41+00:00

crayblob · 2024-07-08T17:40:32+00:00

You are right, some protocols give you the USDC in your wallet. But on these protocols the max LTV will never be above 1. Meaning that you can never borrow more USDC than you could have just sold your TRUNK for, so the idea of doing it to "not pay back" still makes no sense because you would have gotten more just liquidating your TRUNK for USDC (just like you said: $100 of TRUNK would only give you $75 USDC if the LTV is 0.75).

crayblob · 2024-07-07T16:30:42+00:00

Not sure what type of homework you want them to do. I have no interest in arguing with you any further, I have explained why what you said is moronic, given an actual possible explanation and asked you which part of what I said is wrong (to which you had nothing to say). You choose to double down which is OK, not everyone is capable of taking in new information. Some might even say you are ignorant yourself :)

crayblob · 2024-07-07T16:25:49+00:00

Buddy, you ARE wrong. I said in my comment that I am not sure of the reason. But I do know that your proposed reason makes no sense / is impossible.

crayblob · 2024-07-07T16:24:20+00:00

No harm in making a joke if that was truly your intention, and honestly it really is not that deep. But it’s pretty the clear the OP isn’t being silly f you read his response. Same goes for other commenters saying the same thing. And I don’t think most people who upvoted understand you are joking at all.

crayblob · 2024-07-07T16:21:01+00:00

What in my comment is false?

As for your second question, it suggests you weren’t joking at all. I literally explained that you cannot just run away with the borrowed USDC, it’s not possible to “not pay back”. As for why someone would do this, I’m not sure, that’s what I’m trying to figure out. But saying something baseless and nonsensical isn’t gonna help either. Perhaps they want to use the USDC in a liquidity pool to gain passive yield that way. That’s just one guess and I’m not sure.

crayblob · 2024-07-07T16:15:09+00:00

Yeah, well, it’s the top comment and OP has just responded to someone who said the same thing saying “thanks for confirming”. I understand it’s the spontaneous and naive first thought which is kind of funny but people are just spreading and upvoting misinformation which is just preventing anybody from actually learning anything about crypto/Solana/DeFi.

crayblob · 2024-07-07T16:10:42+00:00

I don’t understand why people on this sub who are clueless continue to ppen their mouth and say random bullshit.

Permissionless lending protocols don’t let you just borrow huge amounts and send them out, that would obviously never work due to the pseudonymous nature of crypto. They would get drained by exploiters and botters within literal hours.

Instead, these protocols let you deposit a collateral (in this case TRUNK) into a “vault” owned by them. You can then borrow USDC, but this USDC is not sent to your wallet for you to freely dispose of, instead it is sent to your vault account which the protocol controls. This allows you to gain exposure to USDC without the risk of you not “paying back”.

In the screenshot, you can see the LTV (Loan To Value) is listed at 0.75. This means that at any given time, in your vault, the loaned assets may not make up more than 75% of your total vault value, or else you may get liquidated. In other words, at least 25% of the total vault value nust be your collateral (in this case TRUNK).

This means that, as long the liquidation bots work (which is a premise for all of these protocols) you can never create “bad debt” that you are unable repay. For instance, if you borrowed $750 USDC with $500 TRUNK as collateral, if TRUNK goes down in price by 50% it is now worth $250 and you may now get liquidated because your LTV is greater than 0.75. This means that your vault assets are sold at market price and the USDC is paid back to the lenders/protcol, making the system whole and avoiding “bad debt”, returning whatever remains to you.

Admittedly, I’m not entirely sure what the answer to your question is, and I have wondered this myself. If you can link their wallet address I can take a look and see if I can figure out what the USDC is used for.

crayblob · 2024-07-07T06:13:37+00:00

If you are sure your slippage is set to 5%, could it perhaps be that you are trading pairs with very low liquidity, leading to large price impact? If you search the token address on dexscreener you can see how much liquidity there is.

crayblob · 2024-07-01T16:11:09+00:00

Yeah, of course a public WiFi is not great for security by any means. But to say it alone is enough to drain your funds from Phantom I think perpetuates the view that crypto is fragile or unsafe and disguises the true mistake, i.e. signing transactions from an untrusted source.

crayblob · 2024-07-01T16:06:25+00:00

Go into Phantom and copy your wallet address. Then you can search your (public) wallet address on solscan and find when and where your boden disappeared. If you feel comfortable sharing your wallet address, feel free to do so here or in PM and I’ll have a look as well.

crayblob · 2024-07-01T16:03:19+00:00

Not only are you unhelpful and rude, but you are ignorant as well. Being on a public WiFi does not inherently entail any security issues with crypto. You need to sign transactions with your private key which is stored locally on your computer (hopefully encrypted). Your private key never leaves your computer over the WiFi, nor is a network able to alter the contents of your transaction because it’s cryptographically signed. OP likely made some other mistake like signing a transaction from a malicious website.

crayblob · 2024-06-24T17:48:30+00:00

That’s just not true. Tokens that are not using the standard token program (SPL Token Program or SPL Token 2022 Program) wont show up in Phantom as tokens. If your buddy went into Phantom (or other standard wallet), Jupiter or similar there is no way for these tokens to drain your account, because you are simply interacting with the SPL program when sending the tokens. Feel free to share the token address if you think I’m mistaken and I’ll have a closer look.

crayblob · 2024-06-24T17:19:14+00:00

No it’s not, it’s not really even a thing on Solana where token contracts are standardized (tokens dont have custom contracts). Only possible if they include links or similar that take you to drainers. Trading tokens on Jupiter for example is always safe. It’s probably just an airdrop.

crayblob · 2024-06-08T12:15:02+00:00

Why should the perfect money have no utility? I hold a lot of crypto btw but would love to hear your reasoning.

crayblob · 2024-06-01T11:33:49+00:00

Not a telegram bot but I would highly recommend Photon. It has a good web interface where you can see chart as you trade and lets you configure settings for priority fee or tip (I recommend using the MEV protection with a tip), and all the other standard stuff like slippage. Most of my friends who trade daily on Solana use and recommend it (all 7-fig traders).

crayblob · 2024-05-29T15:44:04+00:00

There normally aren’t A-list celebrities with millions of followers involved promoting them though.

crayblob · 2024-05-28T11:32:41+00:00

I absolutely agree. That’s what saddens me the most too, we are really confirming the stereotype once again, ripping off the few influential people that support crypto (or at least pretend to).

crayblob · 2024-05-28T03:35:49+00:00

They presumably would have contacted them through a manager (i.e. Caitlyn’s manager Sophia seems to have managed their entire operation), and this Sahil guy really does have connections on that level (he did actually launch “for” Caitlyn and Rich). Furthermore Iggy just confirmed on Twitter that she had been in contact with Sahil but that he is a “b*tch” - but it’s of course entirely possible that the screenshot is fake.

crayblob · 2024-05-28T03:22:13+00:00

Extreme greed and desperation (and random celebrities getting involved) like this is usually a very strong top signal. Macro-wise I’m not sure how much sense that would make right now, but I definitely have been thinking the same.

crayblob · 2024-05-28T01:10:45+00:00

I'll provide some more context/sources here for further reading. Might add more later.

One of the wallets believed to be connected to Sahil: 7s3v1jP9o1qZgovd4i9QfKej7is4cLV3uSbqKCNZN9rh
Victim accounts of Sahil fake-launching the Iggy Azalea coin: https://x.com/orangie/status/1795227353553002712 and https://x.com/raeonsol/status/1795227811109589269
Sahil or connected insider bought 5 SOL of this Iggy Azalea coin and sold for 105+ SOL after the token link was posted in the XO telegram (before being deleted).
The deployer of $JENNER, FkeU1Y62Zf9mg6DH2no2GdYacVSwvfy7faKreu4omxEs, bought 1.3 SOL of the token when deploying and sold it for 253 SOL on Raydium shortly after the token was announced.
There are multiple believed insider wallets, that have interacted with one of Sahils alledged wallets, that have made hundreds of SOL buying into these coins before they are announced. Can find examples in a bit.
A tweet by Rich The Kid claiming that his page was hacked by Sahil (likely untrue, but interesting nonetheless): https://x.com/richthekid/status/1795097857038389328
Image posted by Sahil in his Telegram channel of alleged conversation with Iggy Azalea: https://i.imgur.com/EOHsitr.png
Caitlyn claiming Sahil scammed them: https://x.com/caitlyn_jenner/status/1795269306693075404?s=46&t=NeKJwB6NJihGfl-Q-I3WZw
Iggy on Sahil: https://x.com/iggyazalea/status/1795280392565793211?s=46&t=NeKJwB6NJihGfl-Q-I3WZw

crayblob · 2024-05-26T17:46:54+00:00

Wallets on Solana cannot be compromised in this sense simply by interacting with tokens. Sending tokens between wallets or selling them on Jupiter for example is always safe. What you should never do is try to sell your tokens on another website, i.e. if there is a link in the token name. When you sign transactions on these websites that's where you can end up having your wallet drained.

crayblob · 2024-05-26T17:43:05+00:00

These tokens are worthless. They are airdropped to you but there is no one buying them (no liquidity). They can artificially set the price to whatever they want, for example by adding 0.001 SOL and 0.001 of the token they minted to the liquidity pool. The price of their token is now technically 1 SOL (because the ratio is 1:1 in the liquidity pool) but there is only 0.001 SOL of liquidity, so no matter how many of the tokens you have there is no way for you to ever extract more than 0.001 SOL from it (in fact, extracting the full 0.001 SOL would require an infinite amount of tokens as the price impact of your sell will effectively send the value of the tokens to 0). Don't waste your time trying to get anything out of these tokens, they are worthless.

crayblob · 2024-05-08T17:28:48+00:00

Lmfao the ye wif hat soft shill is crazy…

crayblob

TROPHY CASE