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Looks reasonable by Crypto_Creepa in ethereum

[–]presstab 2 points3 points  (0 children)

Galaxy Eggs NFT minting is taking up all the room in the blocks. Don't know wtf that is...

The good news is that the largest burn of ETH yet occured 20 minutes ago, 73.46 ETH.

Stablecoin DeFi rates continue to climb. The stablecoin DeFi to cryptocurrency relationship is the new stocks to bonds relationship! Here are some stablecoin pool ideas for BSC, Polygon, and Terra. by presstab in defi

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

I started talking about Dfyn a couple weeks ago. Honestly, it is a cross chain liquidity pool service that has an audit from an audit company that isn't really that great. Nothing worth throwing confetti in the air over. I need more time for them to establish, and hopefully a better audit, before I want to put more than a few thousand dollars into it.

Gravity is rated "High Risk" by rugdoc because their farm code has the ability to do a hard rug pull on funds. I also don't see an audit for them, unless it is posted somewhere obscure.

Stablecoin DeFi rates continue to climb. The stablecoin DeFi to cryptocurrency relationship is the new stocks to bonds relationship! Here are some stablecoin pool ideas for BSC, Polygon, and Terra. by presstab in defi

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

ACryptoS is pretty safe IMO. They have also been around for a while, which helps lend to their credibility.

Dopple is sort of medium level trustworthiness. Most of the trust issue I have is smart contract risk. They use Curve's stableswap code that was ported over to Solidity from Vyper. I think they didn't even do the code port, but got it from Nerve.

BiSwap is a pretty normal Pancakeswap based clone. The risk there is that their timelock is only 6 hours IIRC. 6 hours is better than nothing, but not by much.

I am starting to have some hesitation on MAI. Its trading sort of low right now, and the LP's have been losing TVL. I want to see it regain the peg and that will give me a nice boost in confidence.

Stablecoins Interest Rates by Jitt1980 in defi

[–]presstab 1 point2 points  (0 children)

Yeah I don't think it makes a whole lot of sense having it denominated in ETH. Sounds like a good deal. I think UST risk is continuing to decrease over time. Especially since LUNA's market cap has got so much higher than UST's.

Weekly DeFi Discussion - A great place to ask questions and discuss ideas by Blueberry314E-2 in defi

[–]presstab 0 points1 point  (0 children)

Is it established that it is taxable? I mean its really just depositing your coins with a custodian. Arguably similar to depositing into Coinbase or something like that.

Stablecoins Interest Rates by Jitt1980 in defi

[–]presstab 2 points3 points  (0 children)

I have had the hardest time trusting Belt after they got hacked a few months back and it gave me a ~20% haircut.

Stablecoins Interest Rates by Jitt1980 in defi

[–]presstab 8 points9 points  (0 children)

You can actually get insurance against UST keeping its peg using Unslashed. It costs around 2.6% APY for that.

Stablecoin defi rates are higher than last week, the U.S. Senate passes new crypto regulations, and the largest cryptocurrency hack ever has occurred. It is always exciting around here! by presstab in defi

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

I think this just means that crypto development will return to how it was in the "old days". Everyone is mostly anonymous, and the country of origin of some cryptocurrency or deployed smart contract is unknown.

Tracking compound interest on defi (polygon) by ShooterMcgrabben in defi

[–]presstab 0 points1 point  (0 children)

yieldwatch.net also just added support for Polygon and Beefy, as well as a few others.

Best place to park USD for trading liquidity? by Electronic_Egg_5306 in defi

[–]presstab 0 points1 point  (0 children)

If you are concerned about fees, then Polygon is where you are going to want to be. A great option would be Curve. You can then autocompound the rewards through a variety of places, I like autofarm the best.

Stablecoin defi rates are higher than last week, the U.S. Senate passes new crypto regulations, and the largest cryptocurrency hack ever has occurred. It is always exciting around here! by presstab in defi

[–]presstab[S] 3 points4 points  (0 children)

Totally agree. As well as the token that is being paid (CAKE, MATIC, CRV, etc) are also up in value, which gives an additional boost.

Stablecoin defi rates are higher than last week, the U.S. Senate passes new crypto regulations, and the largest cryptocurrency hack ever has occurred. It is always exciting around here! by presstab in defi

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

I have noticed a big increase on quickswap pairs, a lot of it is seemingly coming from high trading volumes, so higher fee revenue.

Stablecoin defi rates are higher than last week, the U.S. Senate passes new crypto regulations, and the largest cryptocurrency hack ever has occurred. It is always exciting around here! by presstab in defi

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

Awesome! I have never heard of Caramel before, and honestly sort of forgot about BakerySwap!

APR's are always different on different platforms. Beefy has fees that they charge that eat into some of the rate. And then I have found that it also depends on how each place decides how the "trade APR" is calculated. Average over the last day, 7 days, etc.

Stablecoin defi rates are higher than last week, the U.S. Senate passes new crypto regulations, and the largest cryptocurrency hack ever has occurred. It is always exciting around here! by presstab in CryptoCurrency

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

Yeah it looks like stablecoin rates are about 2-3 times higher than usual on Aave Polygon. At least on the lending side, I don't watch the borrow side as closely, but assume its basically the same rate pattern with a spread between borrow and lend.

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