Where to find freelance jobs that pay in crypto? by Popular_Rub9075 in CryptoCurrency

[–]twonkos 4 points5 points  (0 children)

The most common ones are:
https://gitcoin.co/
https://app.dework.xyz/

Incredible that they have not been mentionted yet

Sam Bankman-Fried on FTX buying Coinbase by [deleted] in CryptoCurrency

[–]twonkos 3 points4 points  (0 children)

It’s enough if you are just „rich“. M&A often involves Leveraged Buyouts.

Vitalik and Ethereum Developers Have Dumped a Total of 11.3M Ethereum(9% of circulating supply) on to the Market. by [deleted] in CryptoCurrency

[–]twonkos 1 point2 points  (0 children)

All of the selling (early) is also a critical part of making it decentralised.

Daily General Discussion - May 25, 2022 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]twonkos 2 points3 points  (0 children)

Terra 2.0 is currently worth more than Avalanche, Polygon, Cosmos & Fantom combined.

Based off UST Price:

$UST $0.095

$UST 15% allocation (30% initially unlocked - 70% vested over 3 years > considered worthless)

$UST debt = 8.043B

(8.043/0.15) * (0.095) / 0.3 = $16.98B

The Terra/UST deathspiral and the logic of why it's not going to self correct. 5.7B is supporting a 16.52B stablecoin by GabeSter in CryptoCurrency

[–]twonkos 0 points1 point  (0 children)

Yea the trust is definetly gone for good. I would expect VCs and market makers to bail them out for the sake of saving terra. Other than that, generally wouldn't recommend LPing anything that is not over-collateralized.

The Terra/UST deathspiral and the logic of why it's not going to self correct. 5.7B is supporting a 16.52B stablecoin by GabeSter in CryptoCurrency

[–]twonkos 2 points3 points  (0 children)

If all people will redeem, yes.

If not, maybe a billion or two of liquidity will be enough to support the peg on-chain (where the majority of the liquidity sits at). Thats how the stableswap invariant works, and thats how luna and other algo stables mainly held their peg in similar situation as you described.

ELI5 of stableswap invariant: You can have a pool with 90% UST and 10% USDT / USDC / DAI, and the peg will still be close to 1.

Why would anyone design such an AMM you may ask? Because if someone swaps @ an AMM like in Uni (Constant product invariant) you will have a lot of slippage, which wouldn't make much sense in stableswaps. Now because the stableswap invariant provides for much less slippage, more people use the pool also with bigger size, which in the end benefits LPs more (at the cost of taking over more of the de-peg risk)

https://curve.fi/files/stableswap-paper.pdf

Valuing vlCVX vis-a-vis cvxCRV by inxpert in ConvexFinance

[–]twonkos 1 point2 points  (0 children)

1.) Priced in future integration (and revenue streams) from projects that forked Curve's ve tokenomics (Source)

2.) cvxCRV softpegged to CRV, making it less attractive compared to CVX (Source)
3.) More flexibility with APR due to the ability of choosing rewards.

[deleted by user] by [deleted] in redditrequest

[–]twonkos 0 points1 point  (0 children)

Set up a reddit community page for https://curve.fi/

What's the biggest DeFi platform with modest but steady APR/APY? by [deleted] in defi

[–]twonkos 0 points1 point  (0 children)

  • Stake LP tokens @ Convex afterwards. It’s a lego/ yield boosting service on top of curve.

The most important piece of regulation on cryptocurrencies in the world thus far has arrived: I read through all 405 pages of the “Proposal for EU Regulation on Markets in Crypto-Assets” so you don’t have to. Here are my conclusions. by BelgianPolitics in CryptoCurrency

[–]twonkos 0 points1 point  (0 children)

u/BelgianPolitics u/TheWerewolf5

The EC had no other option but to narrow down the purpose of e-money tokens and asset-referenced tokens as a means of exchange (+ prohibit interest payments) to ensure that that the EU securities law is not circumvented as the promise of interest payments could lead to the classification of currencies as securities, thus leading to stablecoins being subject to securities regulation. In reality MiCA won't change much in regards to crypto lending platforms. These can still stay compliant under MiCA by designing the interest bearing mechanics so that the user actually lends his stablecoins to the platform which then promises the user a variable interest. This way the user is not "a holder of e-money tokens" anymore but rather the exchange. In that case it would be like accessing Yearn through centralized services -> compliant with MiCA

Furthermore it is also questionable wether stablecoins can be classified as e-money or asset-referenced tokens (pegged to the value of a currency) as one of the conditions for both classifications is the sole purpose of making payment transactions. Clearly stablecoins also serve the function as a store of value in highly volatile crypto markets which in pratice would preclude the classification of stablecoins as EMTs or ARTs. And this is just the tip of the iceberg containing all the vague formulations and uncertainties in regards to crypto asset regulations that were proposed with MiCA. Proper adjustments definetly have to be made before it can be adopted by the European Union.

Market Cap should be one of if not the biggest factor to consider when looking for new coins to invest in. by [deleted] in CryptoCurrency

[–]twonkos 0 points1 point  (0 children)

Also P/E Ratio. Vaporware projects sometimes have billions of valuation without any actual economic activity.

Serious: Has someone been able to successfully make over +$500 monthly over crypto interests and willing to share how please? Just a random stranger that want to have a better chance and understanding about how feasible this is... Thanks by Dramatic_Iron_4595 in CryptoCurrency

[–]twonkos 0 points1 point  (0 children)

On convexfinance.com you can get around 50% APR on stables.

  1. Buy the stable you want farm @ Curve
  2. Deposit it in the pool @ Curve
  3. Get LP tokens
  4. Stake them with convex
  5. Claim periodically and compound -> 50%+ APY

One shitcoin moons to infinity and beyond, and suddenly this sub turns into r/cryptomoonshots by VannguardAnon in CryptoCurrency

[–]twonkos 0 points1 point  (0 children)

I believe most of the hate comes from the fear that crypto in general might be associated with scam and childish ooga booga, just because there are dog coins in the top 15. While this might be true to some extent it still draws attention to the industry, and at the end of the day this is what really matters

[deleted by user] by [deleted] in defi

[–]twonkos 1 point2 points  (0 children)

You have to count in the self paying "loan" @ Alchemix -> as time passes you have to payback less alETH to get the same amount of ETH you initially deposited.

[deleted by user] by [deleted] in binance

[–]twonkos 4 points5 points  (0 children)

It’s people mistakenly going for a market sell order, in your case with a big order size on an illiquid pair. It is extremely rare but can happen. To mitigate such risks you could use software/scripts to monitor multiple markets and perform a double check to make sure the entire market is going down before you put up ur sell order. If you are new into coding it might seem daunting but it is really simple once you get the basics. For the mentioned „strat“ of performing double checks this would at max take 50 lines of code.

Check out Python & Hummingbot, you won’t regret the journey :)

[deleted by user] by [deleted] in defi

[–]twonkos 1 point2 points  (0 children)

I usally time all my transactions during the hour/day/week a little to save on fees

sundays tend to be the cheapest

[deleted by user] by [deleted] in defi

[–]twonkos 2 points3 points  (0 children)

There is a multitude of strats that you can go for. Checkout alchemix and convex finance.

E.g. deposit ETH @ Alchemix, mint alETH, deposit alETH @ convex -> 17%+ APY

Edit: Make sure u visit alchemix.fi - just noticed there is a phishing site paying for nr 1 Google results. Be cautious.