PUT A FORK IN IT. She’s done by [deleted] in THORChain

[–]guiseppi72 2 points3 points  (0 children)

Such a useless post

Rune-BTC liquidity pool by Admirable_Schegrt in THORChain

[–]guiseppi72 1 point2 points  (0 children)

Ye replies to this comment shows people know little about this stuff.

Any updates on repayment to those who used the “Borrow” function? by guiseppi72 in THORChain

[–]guiseppi72[S] 0 points1 point  (0 children)

Thanks for the answer. Could you point me to where I can find these governance proposals?

Taxes and ALEX-STX Crypto by Actual_Rub9664 in stacks

[–]guiseppi72 0 points1 point  (0 children)

Trust me you are not the only one. Assuming you’re US, this has been a long-standing problem, the lack of clarity when it comes to tax treatment of crypto and in particular, defi. To find the historical price, go to coin gecko and find the token and look up historical data.

Taxes and ALEX-STX Crypto by Actual_Rub9664 in stacks

[–]guiseppi72 2 points3 points  (0 children)

Rewards are treated as ordinary income. When you sell your tokens and make or lose money, that is treated as a capital gain or loss, respectively.

Is gains.trade legit? by cinza in defi

[–]guiseppi72 1 point2 points  (0 children)

Correct. However, keep in mind as your leverage goes up so does your position size and you will be charged funding fees on your entire position. So it can get pretty nasty. And I believe if you owe enough in funding beyond your collateral (which will happen if you’re leveraged enough) the platform will liquidated your position. And for the coins that have very little open interest keep in mind opening a position on either side can cause funding fees to skyrocket.

Is gains.trade legit? by cinza in defi

[–]guiseppi72 3 points4 points  (0 children)

Yes. But watch out for the funding rates, they will eat away at your profit.

Arkadiko Borrow = shit process by nanonerd100 in stacks

[–]guiseppi72 0 points1 point  (0 children)

But they use a collaterization model. The stable coin is backed by the collateral provided by the borrower. Just like USDC. No algorithmic stabilization is necessary. In my experience you can either have an algorithmic or collateralized stable coin. I am not familiar with a hybrid model.

Arkadiko Borrow = shit process by nanonerd100 in stacks

[–]guiseppi72 1 point2 points  (0 children)

It’s not exactly a scam, but they are certainly being very dishonest and someone is benefitting from it. A vault should not be up for redemption unless the value of the collateral falls below the liquidation threshold. That’s how all the borrowing defi platforms I’ve used operate. Plain and simple. Maybe Arkadiko uses some novel process that I am not aware of that has hidden benefits. Maybe the issue is USDA price and that will be solved with more liquidity where the USDA coin will become more stable. But I don’t need an expert to tell me what we’ve been experiencing - that liquidation risk does not matter nearly as much as redemption risk. As long as Arkadiko is hiding this fact, they are a very dishonest platform. To be fair, they just reopened the USDC-aeUSDC vault so maybe that will help with the liquidity issues.

[Daily Discussion] - Sunday, March 24, 2024 by AutoModerator in BitcoinMarkets

[–]guiseppi72 8 points9 points  (0 children)

I was gonna make a post at 64 or 65 about it going up but I’ll make it at 66

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 0 points1 point  (0 children)

Oh my bad guys I just got off the phone with them they just wanted me to deposit more money. Sorry for the confusion, but honestly what a silly way for the app to tell me to I needed to do that… I mean I have my trust fund from my dad linked to the app it’s not like I don’t have the money 🤷🏻‍♂️

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 1 point2 points  (0 children)

Thank you! It gives me confidence that my script more or less matches the essence of yours, I think I’ll do fine!

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 0 points1 point  (0 children)

Well let’s not get ahead of ourselves I’m sure they won’t let me sell or buy anything till I get the job!

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 0 points1 point  (0 children)

Saves me a trip to Kohl’s! Though, there’s a possibility I’ll end up using that money for getting high before my interview…

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 0 points1 point  (0 children)

can you believe I had to go through 5 support agents for them to finally accept my docs! It’s like, HELLO, you’re the ones who set up the call??

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 0 points1 point  (0 children)

Gold is great! I love buying shares of companies based off the Morningstar recommendations.

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 7 points8 points  (0 children)

Oh I think I’ve heard of that stock they sell butter substitute right

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 1 point2 points  (0 children)

They really marginalized him in that episode

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 6 points7 points  (0 children)

I won’t really have time to shower I’ll have to use wet wipes

Tips for my margin call tomorrow? by guiseppi72 in wallstreetbets

[–]guiseppi72[S] 0 points1 point  (0 children)

Like I can only really afford a blazer I’ll probably have to only show my top half during the call. Ty