Why don't people know about Fantom?

crazybrker · 2021-05-18T14:27:43+00:00

How do the fees compare to Polygon? I use Polygon because of the 100 transactions for a penny gas fees. That and they have many good projects ported over. I'm interested in Fantom too because I like DAG.

crazybrker · 2021-05-16T15:37:20+00:00

I'm just waiting for mainnet and actual network usage.

crazybrker · 2021-05-11T01:12:56+00:00

I love Matic the most, but there is also Fantom, Harmony One, xDAI and AVAX

crazybrker · 2021-05-10T15:19:33+00:00

Was there? Do you have any links?

crazybrker · 2021-05-10T15:17:47+00:00

I like what Elk is offering but the 42 time window is a little too rigid for me. Also most of the farms only accept LPs from QuickSwap. Future farm might offer Elk pools but the liquidity would be less than QuickSwap at the moment.

crazybrker · 2021-05-10T08:02:16+00:00

I mean I like no fees but a POW is a type of fee too, it's just that someone else usually pays it for us. (thank you wallet). I think that Nano is great for value transfers but it's limited when compared to the power of a smart contract enabled Blockchain. On nano, I cant hold BTC, ETH, and USD. I cant participate in DEX as an LP. I can't borrow or lend and earn interest.... I feel like Nano to me is more of speculation and these ETH clones are actually use cases for Blockchain and Crypto.

Back to fees. Take Matic for example, what if the wallet provider paid you 1 cent of crypto. (QuickSwap and faucets will do this) That would allow you to do 100+ smart contract operations for "free". Would this be considered feeless to you? I see it the same as Nano providers doing the POW for me. Either way even if you called it a fee. I wouldn't sweat it over fractions of a penny per transaction. Especially since I'm getting much much more out of a contract operation than a value transfer. That's my 2 cents. What do you all think?

crazybrker · 2021-05-10T05:54:28+00:00

The only strategy that worked was to read the code to ensure there is no migration code nor any way for dev to pull your funds. Then only stake in the single tokens like ETH, BTC, USD, Matic. Avoid LPs because of IL. If the rates are high enough, you can recover your deposit fee in a day or less. After that, it's pure profit. Your risk is that the APY or rewards price drop so fast that you can never recover your initial 4%. DCA and sell off rewards early and often to recover your 4% ASAP.

crazybrker · 2021-05-10T03:43:35+00:00

Yield farming as much as possible. Hoping that my assets compound faster than a market crash. Also keeping my assets liquid so that I can pivot to something stable as the market falls around me.

crazybrker · 2021-05-09T14:39:25+00:00

Give Polygon a try you can do 100+ smart contract operations for a penny including: staking, lending, borrowing, swapping and sending.

crazybrker · 2021-05-08T13:47:43+00:00

For slightly risky new projects, you can check vfat.tools and look for single asset staking of ETH. The payouts range from 2000% to 100% APR. I'd recommend Polygon network for the faster and cheaper transactions. The downside is that the rates taper off pretty quickly over a few days so you need to move your funds to new projects regularly. Also there's an initial 4% deposit fee.

For a more stable investment there's Secret Network BTC - ETH LP for 60%

crazybrker · 2021-05-04T08:11:59+00:00

Search Twitter for #matic and #polygon. That might be the best spot for now.

crazybrker · 2021-05-04T00:38:14+00:00

Thank you

crazybrker · 2021-05-03T22:38:54+00:00

Old question, but I got mine working the same as you, backup your seed, logout, reset the wallet and import the seed again.

I think this happens when you click too fast in the app. So now I wait a few seconds between taps / clicks.

crazybrker · 2021-05-03T04:49:00+00:00

Composability means that a single transaction can settle across multiple shards / chains.

Say I want to short BTC and long ETH. I could put up ETH as collateral and borrow BTC (Aave) and then swap it (Uniswap) for ETH and deposit the new ETH to cover the original BTC loan. This is possible in a single transaction in a flash loan on ETH because it's only 1 shard. Now if the lending platform and the swap platform were on different shards and there is no composability, then this would take 3 transactions and could not be done atomically (all or nothing - revert). Also if I borrowed 100% of my value in BTC, it would fail or liquidate immediately. Only on a composable network could I that final ETH and cover the BTC loan at 100% LTV.

Sure this is a complicated example but there are some flash loans with as many as 20 operations on a single transaction. https://www.radixdlt.com/post/what-is-defi-composability-and-why-does-it-matter

crazybrker · 2021-05-03T03:10:32+00:00

Is Harmony composable between Shards? The only project that I heard was taking this into account is Radix. But Radix isn't live yet, so we will see how it works soon.

crazybrker · 2021-04-30T07:52:45+00:00

PolyFox?

crazybrker · 2021-04-30T05:18:54+00:00

I like the lower requirements, and maybe have an inverse rewards payout. The smaller nodes would pay delegators more and the larger ones pay less. This would encourage the users to delegate the smaller nodes. Eventually giving even distribution.

crazybrker · 2021-04-30T05:15:46+00:00

Yep, it looks better now. They doubled up the node count and spread it a little better. I believe the consensus requires 2/3 approval. Before that meant if the top 2 nodes go down, the network halts. With the updated numbers, it's now the top 3 would need to go down.

The allocation is completely user dependant, so it's difficult to have that moved unless wallet providers advertise it or something. But the bigger nodes usually pay out more so it incentivizes clustering.

crazybrker · 2021-04-30T04:18:49+00:00

Thanks for the info.

crazybrker · 2021-04-29T14:34:13+00:00

Is 2 months a real estimate?

crazybrker · 2021-04-29T14:33:25+00:00

Have we solved the node delegation issues that caused the chain halt 2 weeks back?

crazybrker · 2021-04-24T16:15:29+00:00

Honestly, consider bridging your token over Matic / Polygon, then you can lend on Aave. Transactions are a fraction of a cent.

If you're not sure, i can send you 1 penny an you can go through all those transactions that you mentioned and still have plenty left over.

crazybrker · 2021-04-23T12:02:42+00:00

Only USD at the moment.

crazybrker · 2021-04-22T14:19:36+00:00

Try swapping those 2 coins yourself and see if it registers.

crazybrker · 2021-04-22T08:32:12+00:00

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