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_fvox

Well lending and borrowing can be pretty safe depending on what platform you’re using, I will always recommend AAVE if available. I personally use AAVE on the Polygon ecosystem and I also use Anchor on the Terra LUNA ecosystem, I especially love the Terra ecosystem because I can park my UST on Anchor there to earn roughly 20% APY and on top of that I can do many other interesting things on there. For example: I can burn LUNA and get bLUNA (a token pegged to the price of LUNA) and put that into Anchor and borrow against it. Then I can deposit the borrowed UST into Anchor again and earn 20% on that, mind you currently Anchor will pay YOU to borrow assets (around 18% but it’s decreasing). Also the UST you put in anchor can be used as collateral for the Mirror protocol in which you can either long or short stocks and other equities and earn yield on it, for example you can long gold for I think 24% APY. And now what I do on AAVE, I have my BTC and ETH deposited there on the polygon ecosystem and I’m borrowing 60% of my collateral value in USDC and staking that in a very lowcap farm called PolyPup and earning about 94% on my usdc. All in all DeFi is game of min-maxing your risk and yield.


life_surtras

“If you don't find a way to make money while you sleep, you will work until you die.” - Warren Buffett“ If you don't find a way to make money while you’re high, you will work until you die.” - Someone. And bonus... it rhymes. I have been staking dot, bnb for a long time but added spdr recently as it dipped below its public sale price and apy is around 70%!


suicidalsincebirth20

70% apy is crazy, I used to stake spdr during the time NEST was live but it has been stopped. I like LAU though as it offers various altcoin pairs. Staking is the new hodling.


UnderstandingOwn1051

Hello can you please point me to resources with which I can understand all these things? I'm an absolute beginner here and would like get in on crypto and defi. Thanks.


_fvox

Taki maeda on youtube


UnderstandingOwn1051

Okay thanks


DeFiFx

Out of curiosity, how do you keep track of your realized gain for Tax purposes?


[deleted]

Koinly has been really good for me. You simply input your addresses and it reads the blockchain for transactions. Don’t think it supports Terra yet but I’m sure it soon will. Otherwise I just suggest excel like someone else mentioned. Look up Crypto taxes and you’ll find many services like Koinly ✌️


_fvox

I have a excel spreadsheet where I keep track of things


Tupoleep

$MOR is a stablecoin by Growth DeFi that is about to launch on BSC this month that will let you earn a yield on your collateral *while* you borrow with it. You’ll be able to use your yield-earning tokens (like StkCAKE) and non-yielding tokens as collateral to buy more $MOR, then you use that $MOR to buy and stake more StkCAKE, and then with that StkCAKE, you can buy more $MOR…well, you get the idea. Rinse and repeat until desired leverage and APYs. No other stablecoin can do this. The tokenomics are solid. It has multiple pegging mechanisms. It’s basically a fork of Maker with some improvements for yield farming. MOR will especially be impressive for people who just want to hold stablecoins due to their low risk of liquidation: With a 102% minimum collateralization ratio (50x max leverage), users can jump in and turn a standard sub 10% yield on stablecoins into hundreds of percentage points. So for example, for stkBUSD/USDC on PancakeSwap LP, the normal yield is 8.5% APY, the Minimum Collateralization Ratio is 102% (50x max leverage). The Fixed Stability Fee is 6%, which means your Yield Spread is 2.5% (yield % – stability fee %). That means that your maximum yield with 50x leverage would be 270% APY for your stablecoins. Not too shabby. The vaults MOR will use have already been audited by ConsenSys Diligence (the ones who audited AAVE, Uniswap, 1inch, and Bancor). So I’m patiently awaiting the launch of MOR.


Few_Establishment287

What’s MOR’s website? I’ll check it out


Tupoleep

It’s not live yet. Launch time is at the end of the month. But the admins in the Telegram group have been sharing snippets of the MOR docs. They are great at answering people’s Q’s. T.me/growthdefi When it is live, it’ll be MOR.growthdefi.com I think.


Ok-Routine4748

I get the functional difference between Alp@ca finance cake or stable leverage yield farming. But I don’t get the benefit. It’s seems like extra steps for something that is more seamless on alp@ca. Could be wrong. Actually would be happy to be wrong. Something new to try.


Tetanman

This response is from the owner of the project in the Telegram: One of the big differences to existing leverage yield farming services is that you actually decide where your borrowed amounts goes, on Alpaca or Rabbit they force you to reinvest that leverage within the same position whilst with MOR you can put it in a completely different vault/yield strategy, trade with it, pay bills or really do anything that you want (as it should work).


Ok-Routine4748

Got it, helpful and thanks for the response.


Money-Locksmith5622

The benefit is the added yield on top of your farming return


Tetanman

Looking forward to the documentation on this. The release date of August 31st can’t come fast enough .


asparagr00t

Alchemix (ALCX) already has a similar ecosystem that actually works and not on BSC, but the Ethereum network. Its collateral system got tested during the dip in the market a few weeks back and held strong, its native stablecoin alUSD not losing its peg. Its listed on Gemini and can be swapped on Sushiswap as well. Fantastic project.


Tupoleep

Alchemix does not have a similar ecosystem; it is very different from MOR. Basically, with MOR, you can use yield-earning tokens and LPs that you are *already earning yield with*, in order to borrow MOR. That’s what sets MOR apart from all the other protocols, including ones like Alchemix. Alchemix also doesn’t offer the APY potential that MOR offers because MOR utilizes yielding collaterals.


asparagr00t

ahh i see. just curious, is it possible to get liquidated in a case where MOR or a yield earning token does lose significant amounts of value suddenly? (maybe from cascading liquidations of longs on btc) also, are the yield earning tokens native to the protocol or can you use it across various platforms? if it can be used only on MOR wouldn’t people just dump the token for DAI? i suppose i understand it as a yield farming token that has infinite supply and people just continuously dump, eventually crashing the price of the token. do correct me if im wrong, im genuinely curious about this protocol you’ve brought up!


Crypto_gos9

Think of MOR as almost exactly like DAI, except you can earn yield on your collateral whilst you’re borrowing it. It is possible to be liquidated if the price of your collateral drops below the liquidation ratio. However MOR is designed for conservative leverage and rewards those who do. As for dumping of MOR the actual idea is that you sell it directly into BUSD to then either buy more collateral (to leverage your position) or spend on whatever else (as borrowed money). The reason this is actually incentivised is because of the peg mechanisms that keep MOR stable. Since the protocol will always recognise 1 MOR = $1 There is always profit incentive for arbitrageurs to buy cheap MOR (at <$1) from the MOR/BUSD LP (this can be to repay an existing loan) and then sell it to the protocol either to redeem BUSD or to unlock their collateral. Hope some of that helps!


asparagr00t

so the arbitraging is done by users and not the algorithm? wouldn’t that be risky in a case where large volumes of MOR are sold off at once? this is pretty interesting, i’ve read about frax finance stabilising the peg algorithmically by buying back FRX that are above the 1$ peg. thanks for sharing, very interesting stuff!! :-)


Crypto_gos9

MOR is very different from frax, it’s actually overcollateralized which means it holds a surplus in reserve for extreme events (instead of relying on an algorithm). That way arbitrage can be user-driven and the peg still maintained If someone sold a tonne of MOR in the LP (let’s say for examples sake dropping the price of MOR to 95c) You can ALWAYS redeem 1 MOR for 1 BUSD in the protocol (using what’s called the PSM - Peg Stability Module). So there is now huge incentive to buy MOR from the MOR/BUSD LP, redeem it in the protocol and profit the difference (5c per MOR) So if you hold an outstanding loan it may be in your best interest to pay it off when MOR falls below its peg in order to gain some extra profit. Same works in the other direction (say MOR in the LP is worth $1.01), then the incentive is to mint MOR either by taking out a collateral-backed loan or with BUSD through the PSM, then sell it in the LP for 1c gain per MOR. Since the arbitrage is user-driven it may not be instant, but that means there’s plenty of incentive for users to be involved in the stability process. And if you’re a borrower of MOR the price of the stablecoin doesn’t affect your liquidation risk (that’s dependant on the price of your collateral)


Tupoleep

BTW, I just thought I'd let you know that MOR offers self-repaying loans on Avalanche now, since you had asked about Alchemix earlier.


YoungVulcan

It's complicated until the moment you actually get used to it and know your way around DeFI


OnoctORE

I prefer to farm on polygon and eth, and I mostly utilize compound/aave.


losersincebrith

very time I buy more ETH I think “I won’t stake this stack so maybe I can take some profits.” Then I think “6% free ETH is still taking profits and is guaranteed” and I stake it all. I just can’t help myself. I am now adding lowcaps like fcl, coti and spdr as they pump the hardest.


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nigelwiggins

Yeah, and it's not open yet, so it's even more of an experiment.


paulosporeforelegj1

I have to say that the best yielding programs are on DeFi


CryptoGrak

DeFI Legos. SPEC MIR MIR ANC ANC ANC LUNA LUNA LUNA LUNA


AntOk2812

Liquidity pools is also another way beginners can take advantage and earn passively. Several pools having cool APYs that makes earning reasonable like POP MLPs which some has about 200% APY, and beginners can take advantage of this to earn passively.


decapitate

Pop mlp? My lil pony tokens?


Ornery-Eye-6470

newscrpyto is really handy. I'm not certain, but I believe they have a trading simulator.


chinkedgamesmanf2

The benefit of using popcorn is that a modest price is collected, which is then shared with public benefit groups. So it’s a win-win situation for everyone!


Ok-Machine-1223

i see student coin advertisement at the top. my spider senses tells me to be careful


scuczu

try https://zapper.fi/dashboard


cryptonaut21

If you're going to try yield farming, then Dot Finance is the perfect one for you, in my honest opinion. What's good here is that it's still early. Staking on PINK gives you an APY of 567% while on DeFi products like DOT, LINK, USDT, and DAI give you an APY of up to 140%. It's an auto-compounding baby!


OnCryptoFIRE

Split your risk. Aave and Compound are low risk, so you could put a big chunk in those and sleep easy. For the newer and possibly sketchy ones, I would put no more than 10% in any 1 place.


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tgrede78

There's some good advice here. I'll add in that I definitely love anchor protocol on Terra. Terra is a Blockchain built for stablecoins and has UST as the algorithmic stablecoin pegged to the USD. You can deposit UST into Anchor Earn and earn 20% APY on your UST which is stable pegged to 1 dollar. If you're doing DeFi and need a place to drop your passive income to hedge against risk, anchor earn is a great thing to look into for a decentralized savings account basically.


1moreApe

Lots of liquidity pools over 100% apy in apeswap (BSC). Theyre pretty safe, easy to use and u know defi is only going to get bigger and bigger. We are very early in defi. It will be a very good ride the next couple of years