DeFi is very powerful. Optimal way to generate the highest returns in 2021.

Deleted member 1333509 · Mar 16, 2021

ouchthathurts said:
My eyes

Do you have a twitter account VSYNC or recommend any shillers that dont dump on their followers (lol) I wanna get in early on something and ride it

No twitter mate, and I don’t pay attention to anyone shilling full stop - whether they dump on followers or not.

Best bet is looking into different projects yourself anyway mate.

CAPITAO CONFUSAO · Mar 17, 2021

If impermanent loss happens when the coin gain value, what happen when the price drop a lot? like -500%

Deleted member 1333509 · Mar 17, 2021

babelonia said:
If impermanent loss happens when the coin gain value, what happen when the price drop a lot? like -500%

No it's the same either way.

It doesn't occur because the price of the assets increase. It happens because they change at different rates... eg...

Create liquidity providing into a pool on January 1st. Close the position and withdraw assets on February 1st - 1 month later.

Trading pool is for BTC and ETH (for eg).

If BTC increases by 100% during the month and ETH increases by 100% too, impermanent loss is 0% - nothing.

If BTC increase by 100% and ETH increases by 1%, you have some IL.

If BTC increases by 150% and ETH increases by 1%, you have more IL.

If BTC drops by 10% and ETH drops by 10%, no IL.

If ETH drops 50% and BTC drops 40%, some IL.

I think I saw that if the one asset does 500% increase and the other one stays the same, the IL is about 20% of total value.

CAPITAO CONFUSAO · Mar 17, 2021

VSYNC said:
No it's the same either way.

It doesn't occur because the price of the assets increase. It happens because they change at different rates... eg...

Create liquidity providing into a pool on January 1st. Close the position and withdraw assets on February 1st - 1 month later.

Trading pool is for BTC and ETH (for eg).

If BTC increases by 100% during the month and ETH increases by 100% too, impermanent loss is 0% - nothing.

If BTC increase by 100% and ETH increases by 1%, you have some IL.

If BTC increases by 150% and ETH increases by 1%, you have more IL.

If BTC drops by 10% and ETH drops by 10%, no IL.

If ETH drops 50% and BTC drops 40%, some IL.

I think I saw that if the one asset does 500% increase and the other one stays the same, the IL is about 20% of total value.

Nice reply!

So, it would be the best to stake pairs with Stable Coins?
Less I.L. chances, i think

Deleted member 1333509 · Mar 17, 2021

babelonia said:
Nice reply!

So, it would be the best to stake pairs with Stable Coins?
Less I.L. chances, i think

Absolutely right. Staking ETH/WETH or USDT/USDC will mean if you do suffer any IL, it will be like 0.00001%

elviswong · Mar 18, 2021

Keep in mind that lots of them are Ponzi. Just be careful guys. Yeah it could work out fine for you but...
Go for REAL projects.
It takes almost all of my time these days to look out for low market cap gems to get in.
IM is now in second place.
Why?

1000$ into **** in november at 0.02cents
Out at 2:60$ 3 months later...

Archer99 · Mar 18, 2021

elviswong said:
Keep in mind that lots of them are Ponzi. Just be careful guys. Yeah it could work out fine for you but...
Go for REAL projects.
It takes almost all of my time these days to look out for low market cap gems to get in.
IM is now in second place.
Why?

1000$ into **** in november at 0.02cents
Out at 2:60$ 3 months later...

Word.

What about Goose.Defi though? Seems scammy enough with sky-high APRs.Any experiences there? I heard the people behind Goose/Viking basically are the same. @VSYNC care to shed some light?

Deleted member 1333509 · Mar 19, 2021

Archer99 said:
Word.

What about Goose.Defi though? Seems scammy enough with sky-high APRs.Any experiences there? I heard the people behind Goose/Viking basically are the same. @VSYNC care to shed some light?

Don't know much about Goose mate, haven't checked them out. What kinds of APR's they giving?

Archer99 · Mar 19, 2021

VSYNC said:
Don't know much about Goose mate, haven't checked them out. What kinds of APR's they giving?

https://www.goosedefi.com/layeredFarming/3/home
Like super high lol. It's based on a weekly launch from what I understand, the earlier you get in, the higher the %.

Deleted member 1333509 · Mar 19, 2021

W

Archer99 said:
https://www.goosedefi.com/layeredFarming/3/home
Like super high lol. It's based on a weekly launch from what I understand, the earlier you get in, the higher the %.

What's super high? What's an example?

Archer99 · Mar 20, 2021

VSYNC said:
W

What's super high? What's an example?

Ah, yes. It is subjective.

I put the link in there so you can check out the percentages out yourself. Right now I’m getting about 30 % ROI daily which is nutty, but it’s also a red flag. It was around 60 % initially but it seems to be dipping down. They do a thing called layered farming, not sure what that means entirely yet.
The reason why I think it’s too good to be true is 1) the ROI is nutty, don’t fully understand how they can sustain this 2) the sentiment on Reddit seems to be split, and the money trail seems a little shady as well. I left some money in goose either way just for testing purposes.

Deleted member 1333509 · Mar 20, 2021

Archer99 said:
Ah, yes. It is subjective.

I put the link in there so you can check out the percentages out yourself. Right now I’m getting about 30 % ROI daily which is nutty, but it’s also a red flag. It was around 60 % initially but it seems to be dipping down. They do a thing called layered farming, not sure what that means entirely yet.
The reason why I think it’s too good to be true is 1) the ROI is nutty, don’t fully understand how they can sustain this 2) the sentiment on Reddit seems to be split, and the money trail seems a little shady as well. I left some money in goose either way just for testing purposes.

I don't like judging projects based on my opinions only so would give them the benefit of the doubt until I know otherwise.

Saying that - my opinion is that's fucking bullshit and completely unsustainable. Doubling your money in 3 days is ponzi shit mate. While it might be legit because of some mechanism I don't understand (a year ago 300%APR sounded ridiculous), that is seriously, seriously high. Nutty is a very polite way of puttingit.

ouchthathurts · Mar 21, 2021

Well it happened, I was jumping in on quick pump n dumps via reddit and got rugged

I normally exit as soon as I make a profit but on Friday night I caught a stomach bug from my son and couldn't do anything all Saturday and Sunday.

Don't trade if you cant be at the computer 24/7. Lesson learned

Deleted member 1333509 · Mar 21, 2021

ouchthathurts said:
Well it happened, I was jumping in on quick pump n dumps via reddit and got rugged

I normally exit as soon as I make a profit but on Friday night I caught a stomach bug from my son and couldn't do anything all Saturday and Sunday.

Don't trade if you cant be at the computer 24/7. Lesson learned

There's a bunch of shady project around, hope it wasn't for too much mate.

Which one was it? What was the APR they were "giving" you?

ouchthathurts · Mar 21, 2021

VSYNC said:
There's a bunch of shady project around, hope it wasn't for too much mate.

Which one was it? What was the APR they were "giving" you?

https://www.pawtoken.finance
I love the part on their website that says "100% No Rug pull"

100% believed it was a scam going in, just wanted to ride it and get out quick as it had a lot of hype with people looking for the next meme animal coin.

shuttershades · Mar 25, 2021

I'm a tadpole and I want to be a whale.
I'm making a platform for staking where I offer 100% APY (an example).
I finally became a whale, and I joined other whales.
Now I can manipulate the market to make over xxxx% profit.
What does that sound like?

Deleted member 1333509 · Mar 25, 2021

shuttershades said:
I'm a tadpole and I want to be a whale.
I'm making a platform for staking where I offer 100% APY (an example).
I finally became a whale, and I joined other whales.
Now I can manipulate the market to make over xxxx% profit.
What does that sound like?

Amazing. I'm sure you'll succeed in becoming a whale. Most of them posted stuff like this before upgrading from a tadpole too.

shuttershades · Mar 25, 2021

VSYNC said:
Amazing. I'm sure you'll succeed in becoming a whale. Most of them posted stuff like this before upgrading from a tadpole too.

You know I was ironic ...is just a theory.

Archer99 · Mar 26, 2021

VSYNC said:
I don't like judging projects based on my opinions only so would give them the benefit of the doubt until I know otherwise.

Saying that - my opinion is that's fucking bullshit and completely unsustainable. Doubling your money in 3 days is ponzi shit mate. While it might be legit because of some mechanism I don't understand (a year ago 300%APR sounded ridiculous), that is seriously, seriously high. Nutty is a very polite way of putting it.

I've monitored Goosedefi over the past week and I can say for sure that I don't recommend touching them at all unless you wanna lose money.

I've also stumbled upon two other farms, which seem to have more integrity in them and/or some-what of a community. I'm merely exploring both;

1. Farm.Space -- Honestly, I thought they were a scam at first and a part of me still does, but for now I've been convinced to keep farming and wait to see what other features they roll out. They say that some people who made beefy.finance are the devs on this project.

Apparently, in phase 2 which is in early April, they expect its price to moon and there will be plenty of additional claimable rewards to the tune of USDC, WBNB, etc. Scam or not, I'll wait for phase 2 before I get out. Read more about it here: https://farm-space.medium.com/

2. Mozart Finance. This one I actually got in with on a pre-sale and they haven't officially launched yet. They have a strong sense of community from what I gather and seem legitimate. What's interesting about these guys on their farm is their tokenomics. They're implementing a 1 % burn on ALL tx which is unheard of in the farming space -- from what I gather anyway.

Deflationary mechanisms are not unheard of and becoming quite common in the shitcoin space, but I've never seen a farm implement it. Read more about them here: https://mozartfinance.gitbook.io/mozart-finance/piano/tokenomics

@VSYNC would you care to do a small audit on these guys if you have the time of day, pretty please?

Deleted member 1333509 · Mar 26, 2021

Archer99 said:
I've monitored Goosedefi over the past week and I can say for sure that I don't recommend touching them at all unless you wanna lose money.

Totally agreed mate 100% - my opinion on Goose has changed completely since writing that. Avoid at all costs indefinitely.

Archer99 said:
@VSYNC would you care to do a small audit on these guys if you have the time of day, pretty please?

In all honest man, #1 I wouldn't trust with 1% of my stakes, and #2 is almost as dubious for me. I don't like put crypto into any platform that has absolutely no reason not to rug me.

I'll take a quick look at them, but I'm not going to put much effort in tbh because I don't like weird unknown defi platforms like these at all.

Begging to be fucked imo.

DeFi is very powerful. Optimal way to generate the highest returns in 2021.

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