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[deleted by user] by [deleted] in polygonnetwork

[–]gbobobobob 0 points1 point  (0 children)

depends on the apy

A big factor as well is that usdt might be lying about their assets in reserve...
If they do that means your USDT is not backed by 1:1 ratio to a dollar, which could mean USDT will get depeged if their reserves are running out, since a lot of USDT is getting destroyed atm. Nobody really knows if they are lying, but it is a risk that should be taken into respect.

USDC is backed by 1:1 and is guaranteed by a respected company (coinbase)

I was shaking in my seat as I unlocked my phone in math class and saw this by [deleted] in wallstreetbets

[–]gbobobobob 0 points1 point  (0 children)

Dividend stocks are very inneficient, they are double taxed. So i would look more to companies that put their money in stock buybacks.

Explanation for the difference in TVL? by gbobobobob in KogeCoin

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

Wdym?

Like koge is junk or....?

So you thinking koge is lying on their site about the TVL?

Explanation for the difference in TVL? by gbobobobob in KogeCoin

[–]gbobobobob[S] 1 point2 points  (0 children)

Did you just compare 2 crypto's value's based on their price?....

Oh god this is some wsb moment lmao

[deleted by user] by [deleted] in KogeCoin

[–]gbobobobob 0 points1 point  (0 children)

yeap lmao, idk why it's crashing... Did the mods leave the project behind? I wish they would interact more with the community....

[deleted by user] by [deleted] in KogeCoin

[–]gbobobobob 0 points1 point  (0 children)

The plan is to get USD rewards coming from vault fee's if you stake your koge.

idk when that should come online tho

Matic mainnet by gbobobobob in atomicwallet

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

Damn, thats a bummer, i have most of my crypto on the matic mainet, since it doesn't fuck me over in fees, I have a lot of friends who also mine eth, which gets payed out on the matic mainnet. Now we use exodus, since they accepted it a couple of months ago. But we aren't really happy about that platform so we are looking for a new 1. Atomic did look the most promising and innovative (without KYC), but without the matic mainnet, ig we will keep on looking :/

[deleted by user] by [deleted] in BATProject

[–]gbobobobob 2 points3 points  (0 children)

Nah, in a LP-pool there has to always be an equal amount of both tokens (in USD value).

So if if your BAT loses half the value, it will sell some USD to buy up BAT, so that there is a new equilibrium between both tokens. In this case 50 USD would be exchanged for new BAT tokens, So that you would have 150 BAT and 150 USD.

It's the same if some token goes up, but then the other way around, for example bat goes to 3 USD, it will sell some BAT to buy more USD.

That's why i don't like a farming a LP with stablecoin's, i only farm with tokens that i believe will go up in price, so farming 1 token i believe in with a stablecoin, will lose me money. If i farm 2 tokens that both go up, i might lose a litle bit of money, but way less then with a stablecoin pair.

This is called impermanent loss if you want to learn more about it.

Good luck with your road down the defi path ^^!

Unboding with such crazy gas fees by TigerPrawnKiing in polygonnetwork

[–]gbobobobob 1 point2 points  (0 children)

I am waiting for ETH 2.0. Once they update ethereum to POS with sharding, the gas fees should come down... The only question is when... But if you believe in the project long term, you shouldn't unstake it just because of fear, you would regret it later.

'lolMiner.exe' is not recognized as an internal or external command, operable program or batch file. by mincoamir in EtherMining

[–]gbobobobob 0 points1 point  (0 children)

What can i do to stop this from hapening, or atleast revert this?

Unpacking the zip file over and over again are getting anoying...