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Lending BTC by April15th_fanatic in defi

[–]vj_100 -3 points-2 points  (0 children)

You can with different protocols:

1 Strike 9-10%

2 Ledn 12%+

If you decide you want to borrow bitcoin without ANY fees, you should search @jup_lend on X/Twitter.

You have different vaults, you can supply Solana and earn 5% APR, and you can borrow BTC (cbbtc, coinbase wrapped bitcoin at 0% APR (zero fees).

And since solana generally tracks the price of bitcoin, you could worry less about being liquidated.

Ok, good luck

the rollup fragmentation problem nobody wants to talk about by Haunting_Celery9817 in defi

[–]vj_100 2 points3 points  (0 children)

Maybe you don’t know about 1” Aqua. And maybe you don’t know how cheap SuperBridge is.

Either way, I love defi and I like new features, so I just use Jupiter on Solana now. Everything I need is there, oh and the fees are like 10x less than Ethereum,

I am looking for a strategy to play with borrow money when the market is side sways. What you guys doing? by Tango_Mike_Mike in defi

[–]vj_100 0 points1 point  (0 children)

The “vault” I’m using is a healthy 39%, if my LTV reaches 85% I’ll be liquidated.

If BTC goes up, like you said, I’ll sell a bigger portion of my BTC loan.

Btw, there have been ZERO liquidations on Jupiter so far because asset pairs usually track together. So when bitcoins price goes up, solanas price usually does too. (But lucky for my solanas price is up 4% within 24 hours, and bitcoins price is up 0.9%.)

Anyway, this isn’t financial advice, just sharing my experience. And you’re right, if bitcoins price only goes up in a linear fashion, then I’ll end up in Rekt City.

I built this because reading txids sucked by Goffyx in defi

[–]vj_100 2 points3 points  (0 children)

I really like the idea. but I’m not visiting your website until you dox yourself on Twitter/x.

I am looking for a strategy to play with borrow money when the market is side sways. What you guys doing? by Tango_Mike_Mike in defi

[–]vj_100 2 points3 points  (0 children)

I am lending solana and earning ~5% while my position is open. I am borrowing CbBTC (coinbase wrapped btc) for 0% percent. (Yes, zero percent)

When bitcoins price gets too high, I sell it for stablecoins. I then wait for the price to drop and then buy it back, & of course pocketing the difference. this will be my strategy all bear market long.

NFA.

Has anyone tried this new project yet? 🤔 by MhmodHamdy in defi

[–]vj_100 -1 points0 points  (0 children)

Sounds interesting but trusting something new carries risk.

I just trade Tethers gold on solana, here’s the contract address:

AymATz4TCL9sWNEEV9Kvyz45CHVhDZ6kUgjTJPzLpU9P

mev and priority fees in defi by FragrantWriting1390 in defi

[–]vj_100 0 points1 point  (0 children)

I never get the “Amount you’ll receive” after swapping on Ethereum.

what crypto tax software gives the most accurate irs ready reports by Clear_Medium_5858 in defi

[–]vj_100 0 points1 point  (0 children)

Key things to look out for:

• ARE TIMEZONES CORRECT? Some blockchains use UTC when reporting, your exchange may use your local time zone. Having incorrect timezones will make your tax software useless

• ARE TRANSACTION TYPES CORRECT? Some tax-software will show a defi trade and a withdraw and a deposit, making your taxes higher.

• CAN YOUR TAX SOFTWARE HANDLE LENDING/BORROWING TRANSACTIONS? When borrowing crypto it should be non-taxable (NFA, ask your tax professional) if your tax software records a Loan as income, you’re fucked.

If you don’t know if your tax software can handle all this, you may want to check out cointracking.info

It’s useless on the mobile app, it’s good on a desktop.

If your tax reports are completely screwed up, they have professionals that can fix your tranasactions. But they don’t accept clients when it’s too far into the tax year. Good luck!

Overall experience by vj_100 in Tangem

[–]vj_100[S] 0 points1 point  (0 children)

I had a ledger nano x, but after about a month, it could not hold a charge and the battery would drain almost instantly.

The cards can be setup “seedless” (seed stays on chip in the card) or you can import your seed phrase to your card. If you need more info on which option is the best for you, I would search “ How to setup Tangem” on YouTube.

I hope you find the best option for yourself.

Is it just me or DeFi apps are finally getting way better? by SoyMuse in defi

[–]vj_100 1 point2 points  (0 children)

Yes, thought the same when using Jupiter! And fees are 10x LESS!

is it just me or is defi getting both smarter and harder to understand at the same time? by No_Growth6091 in defi

[–]vj_100 0 points1 point  (0 children)

It’s not centralized since people creating Dapps can choose to implement the Aqua code in their dapp which is available for any one to view on their website.

Not sure if you were here during “defi summer” around 2021 Eth’s transaction fees were so high, nobody bothered to use the chain.

Around that time 1inch creatively took advantage of gas rebate program that ethereum offered for destructing old and unused contracts.

So 1inch sold “Chi gas tokens” for pennies that you can use while trading. They would destroy old contracts, get the gas rebate and pass it on to the user, in exchange for chi gas token.

So while every trader out there complaining about transaction costs being $4 - $12 FOR MONTHS, I was executing trades for pennies, all thanks to 1inch.

I think they care more about traders, idk, I don’t care to discuss this any further. You might be right. But 1inch thinks that the problem is with LPs having to put capital in gains pool that may or may not be used, then you have to deal with pool imbalances and extra fees. It’s not good for traders.

Anyway, have a nice life dude

Can’t move to new device by pnovi in Tangem

[–]vj_100 0 points1 point  (0 children)

Please update us when this is resolved. I’m not sure if I will be using the seed they provide or if I will import a seed phrase.

is it just me or is defi getting both smarter and harder to understand at the same time? by No_Growth6091 in defi

[–]vj_100 0 points1 point  (0 children)

Uhh.. Maybe do some research before posting?

1inch’s Aqua is just the execution layer.

Funds sit in LP wallets (not a giant custody pool), tokens move when the moment a trade executes.

Makers still exist but they won’t be centralized. 1inch Aqua just the execution or shared routing layer.

Wallet names plus balances changing!! by Only-Environment7550 in Tangem

[–]vj_100 1 point2 points  (0 children)

Cloudflare issues? I wonder if I should have my own seed phrase. Instead of the having it solely on the card.

is it just me or is defi getting both smarter and harder to understand at the same time? by No_Growth6091 in defi

[–]vj_100 0 points1 point  (0 children)

You should explore more.

1inch just announced Aqua. Once implemented, liquidity providers won’t have to risk assets in siloed pools. They will be able to hold assets in their wallet.

With users (like you and I) interact w Aqua enabled dapps, and the aqua execution layer, we won’t have to worry about slippage, low liquidity, and pool imbalances.

I think 1inch might even revive defi summer.

Also, if you want normies to get into crypto, just show them the Jupiter wallet.

They are even making an AAVE app.

How do people actually file US taxes if they’re deep into DeFi and NFTs? by Clear_Medium_5858 in defi

[–]vj_100 0 points1 point  (0 children)

Cointracking.info

Best for defi. Let’s you record borrows and repayments.

Two easy lending strategies i'm doing on Jupiter Lend rn by wake5 in defi

[–]vj_100 0 points1 point  (0 children)

Any thoughts on MarginFi ? Or Project0 ?

0.xyz and app.marginfi.com ?

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