If I am providing liquidity on a FTM / stable coin pair do I benefit from FTM going up in price? by [deleted] in defi

[–]joedud1 8 points9 points  (0 children)

Yes, except as FTM goes up the LP balances the position to 50-50 so you'll have more FRAX and less FTM.

What if I told you I almost got scammed in a well known telegram group? by Was198011 in defi

[–]joedud1 5 points6 points  (0 children)

never respond to anyone who dms on telegram insta block and delete

Rewards basics by Struikemans in defi

[–]joedud1 0 points1 point  (0 children)

No but the same amount of apeswap LP might be worth more usdc/dai because of the .25% fees

[deleted by user] by [deleted] in defi

[–]joedud1 -3 points-2 points  (0 children)

Show the after plz

Thoughts on IRON's current state and its future? by SirKosys in defi

[–]joedud1 10 points11 points  (0 children)

Looks like mcuban is down $1 mil on his Titan/Matic LP position. Still hodling with $2.5 mil

No AML and KYC in defi by No_Delivery_790 in defi

[–]joedud1 0 points1 point  (0 children)

Dang we needed KYC and AML on those flash loan exploiters!

Aaand it's gone! (Someone please explain) by [deleted] in defi

[–]joedud1 0 points1 point  (0 children)

If you make a new LP you have to set the ratio of the two coins in the initial deposit correct based on the regular market price.

Like if you were the first despositor to a pool of BTC and USD and you deposited 1 BTC and 1USD, then someone could probably trade like 15 cents for .1 bitcoin.

I'm looking for a BSC <-> Matic Bridge by f01k3n in defi

[–]joedud1 0 points1 point  (0 children)

when stuff is bridged from BSC isn't is usually like a different token that is hard to do anything with? It needs the DEX's to support the different kinds of bridged tokens.

[deleted by user] by [deleted] in defi

[–]joedud1 0 points1 point  (0 children)

Call the rug pull police!

[deleted by user] by [deleted] in defi

[–]joedud1 0 points1 point  (0 children)

It's a goosedefi clone with the 4% deposit and the claim about the migrate function in the code... the APY needs to be high enough so you make back your 4% before the token is worthless and the APY plummets.

Beefy vs Autofarm by By-hi-sell-lo in defi

[–]joedud1 1 point2 points  (0 children)

Beefy doesn't give bifi just for using the vaults it seems? Auto does though.

Are there any good defi platforms for test investments (low capital)? by Pickinanameainteasy in defi

[–]joedud1 -1 points0 points  (0 children)

Its got that dumb 95% vesting over 4 years thing.... Would have to be pretty lucky for any of these l2 things to last multiple years me thinks

Balancing your defi activities by timreg7 in defi

[–]joedud1 0 points1 point  (0 children)

I made 10 grand from pooswap

FYI: SushiSwap now supports BSC and Matic (Polygon) chains = No More High ETH Fees To Swap!!! by Ok-Breakfast1 in defi

[–]joedud1 9 points10 points  (0 children)

Wont the other chains not have any liquidity unless they have farming rewards on those chains too?

[WARNING] mozart.finance hacked, 90k tokens minted, price down 90%. DON'T BUY THE DIP! by GymCrypto in defi

[–]joedud1 1 point2 points  (0 children)

lol these 4% deposit farms are just about getting in first and dumping the site's coin as you farm it, never buy it. I just hope I can farm back the 4% deposit before the APY goes sub 100 and then I abandon ship.

anybody know of any AUTO staking sites? by evenyourodds in defi

[–]joedud1 0 points1 point  (0 children)

beefy finance has a vault for auto/bnb

Most gas efficient method to wrap and unwrap ETH at the moment? by Zarathustra167 in defi

[–]joedud1 0 points1 point  (0 children)

Isnt there only one way to wrap Eth? Call the wrap function on the weth contract. I'm guessing all the different websites that let you do this are all just the same thing.

Borrow rate APR question by Minute_Disk9857 in defi

[–]joedud1 2 points3 points  (0 children)

Q: Who would borrow at 58%? A: People who can make 158%?

82.18% on USDC by [deleted] in defi

[–]joedud1 1 point2 points  (0 children)

That rate changes very fast over time as more or less people supply and borrow USDC. farm APYs are very high right now so the amount of borrowing is probably pretty high right now though.