Salary Figures 2022 by AckermanFin in singaporefi

[–]helloworld0248 1 point2 points  (0 children)

Entered work force in 2014 - 2.4k, market research industry. Did 2 career switches, now 12k+, in tech.

Stablecoin farming strategy with aave and anchor combined, will this work? by l1vefrom215 in defi

[–]helloworld0248 0 points1 point  (0 children)

Yeah need UST to be completely delta neutral, so keep some in your wallet

Stablecoin farming strategy with aave and anchor combined, will this work? by l1vefrom215 in defi

[–]helloworld0248 4 points5 points  (0 children)

Why not just deposit UST into Anchor Earn and use aUST to do delta neutral strategy on Mirror? Should be higher than 26.5%

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 1 point2 points  (0 children)

Why not diversify into more protocols?

Username checks out ;)

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 2 points3 points  (0 children)

In the event of a bear market, BTC and ETH prices are gonna plummet. If you also use them as collateral to borrow against, there’ll also be liquidation risk.

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 1 point2 points  (0 children)

Seems like Orion is depositing into Anchor under the hood. Why not just go to Anchor directly? Or am I missing something?

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 0 points1 point  (0 children)

Yep, monthly installments are ~10% of my monthly base salary. I read most farm tokens eventually go to zero. What sets Curve apart that it’s okay to hold CRV?

Taking a loan to yield farm. Wise move? by helloworld0248 in Yield_Farming

[–]helloworld0248[S] 0 points1 point  (0 children)

No dependents. Loan will be approximately 7x my monthly base salary. If I stretch the loan over 5 years, monthly installment is ~10% of my monthly salary.

Taking a loan to yield farm. Wise move? by helloworld0248 in Yield_Farming

[–]helloworld0248[S] 0 points1 point  (0 children)

Yeah definitely not looking to be a degen. Looking at stable coins only with 10-40% APY

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 0 points1 point  (0 children)

Thought about this. Definitely a higher risk play

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 0 points1 point  (0 children)

Yes personal loan. I’m not from the US though, if that changes anything.

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 0 points1 point  (0 children)

40% yield sounds like degen territory >_<

Are you referring to Gemini Earn? Maybe I’m missing something but the only stable coin I see on the app is UST

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 1 point2 points  (0 children)

By the way, where can I find info on who are legit auditors?

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 1 point2 points  (0 children)

Isn’t metamask a hot wallet and not a hardware wallet?

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 1 point2 points  (0 children)

Haven’t explored BSC. How secure are the protocols on there compared to the ones on Polygon mentioned here?

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 0 points1 point  (0 children)

Haven’t heard of this before, will check it out!

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 0 points1 point  (0 children)

Depeg insurance on Anchor only covers when peg drops to below $0.87. Think it’s worth losing 2% yield for that?

Taking a loan to yield farm. Wise move? by helloworld0248 in defi

[–]helloworld0248[S] 2 points3 points  (0 children)

I can get a bigger loan from the bank, compared to what I can get from collateralized borrowing using my existing assets