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  1. johnarb

    DeFi - going bankless

    I took heavy losses in DeFi tokens (i.e. Cream, Mln, YFI, TRB, etc) but luckily got out with profits in others (i.e. AMPL, sushi, AAVE, etc.). I do believe that DeFi sector will come back. I have 2 positions in DeFi (Core - tokens and yield farming and Encore - only yield farming) and so far...
  2. johnarb

    DeFi - going bankless

    Good info on the subject of geo-blocking. uniswap.org website is not necessary to interact with the smart contract on the Ethereum blockchain. Anyone (who has the technical skills) can interact directly with the uniswap smart contract or use other independent websites.
  3. johnarb

    DeFi - going bankless

    I think you're correct that Binance is still higher than Uniswap, although Uniswap is still growing. I like Binance, though, and whenever I had problems (rare), they were quick in resolving them. The Uniswap website is just a front end, but actual trades happen on the block chain using a smart...
  4. johnarb

    DeFi - going bankless

    The issue with very high APY's is that they are not sustainable, due to the very high number of tokens being created, the price of the tokens crash, one example of one I was yield farming was sushi of sushiswap platform, I was getting over 2000% APY calculated in $ value of the liquidity pool I...
  5. johnarb

    DeFi - going bankless

    During this bear market in DeFi and somewhat lackluster or a pause in cryptos prices coinciding with a pause in the bull market in the US stock markets, my crypto portfolio is close to ATH ytd, what?! I owe it to derisking 2 weeks ago, and 1 crypto holding $cel Celsius which is up over 300% in...
  6. johnarb

    DeFi - going bankless

    I've taken heavy losses (or lost heavy profits) in DeFi. Cream has been my biggest invested risk capital loss as far as DeFi and AAVE (LEND) has been my biggest loss on profits. Luckily (not really, lol), I've derisked a couple of weeks ago so all my DeFi positions are cut in size and Cream and...
  7. johnarb

    BitMEX Founders Charged With Failing to Prevent Laundering

    https://www.bloomberg.com/news/articles/2020-10-01/bitmex-founders-and-executives-are-indicted-in-new-york By Chris Dolmetsch , Olga Kharif , and Dave Liedtka October 1, 2020, 8:55 AM PDT Updated on October 1, 2020, 12:17 PM PDT Crypto-derivatives pioneer invented perpetual Bitcoin...
  8. johnarb

    Bitcoin Price Thread

    [There are also over 1.5 Million bitcoins in circulation now than 2 years ago and as a percentage is much higher when calculated taking into consideration all of the lost bitcoin private keys] Bitcoin Is At An All-Time High* Anthony Pompliano Sep 28 4 This context is really important because...
  9. johnarb

    DeFi - going bankless

    New DeFi project $EMN from the creator of $YFI exploited They're talking about covering the losses of the people who degened (bought in) to the unfinished project. The market cap valuation loss to the $yfi alone (and other DeFi) coins is many times magnitude the $16M loss. Only in crypto...
  10. johnarb

    DeFi - going bankless

    $core - cvault.finance I got into this very late (so I only bought 1 $core at 5.38 Eth) but I think it's an interesting game theory experiment that is worth a gamble. The part of the game that intrigued me was the "forever" lock on the LP tokens deposited (Core/Eth) which guarantees a bid...
  11. johnarb

    DeFi - going bankless

    NFT's on a blockchain Ethereum erc-721 https://superrare.co/fewocious/creations https://www.awal.com/blog/fewocious-interview
  12. johnarb

    KuCoin Security Incident Update

    https://www.kucoin.com/news/en-kucoin-security-incident-update Dear KuCoin Users, We detected some large withdrawals since September 26, 2020 at 03:05:37 (UTC+8). According to the latest internal security audit report, part of Bitcoin, ERC-20 and other tokens in KuCoin’s hot wallets were...
  13. johnarb

    DeFi - going bankless

    https://www.kucoin.com/news/en-kucoin-security-incident-update
  14. johnarb

    DeFi - going bankless

    Lots of chatter on Twitter about Kucoin exchange might have been hacked. I'll post the story when it's official. If anyone has any funds in Kucoin, should try to withdraw, but I read withdrawals may be suspended already. I don't keep funds in exchanges for longer than a few hours and I don't...
  15. johnarb

    DeFi - going bankless

    I signed up for the FTX, just to see what the process looks like. It recognized my foreign country (based on VPN :D ) when filling out the address, and I just went on google and searched for a Hilton hotel in the area and gave that as the city and state. Here's the thing, you should never use...
  16. johnarb

    Adjusting to 24/7 markets

    There's no holiday in cryptos 24/7/365, midnight somewhere is 3PM somewhere else, no Christmas or Chinese New Year observed. :D
  17. johnarb

    DeFi - going bankless

    Final update on the $meme: Sold the last 5 $meme 4.0'sh Eth each, as it was going down again. Just being very defensive at this time, so taking the profits whatever is left. Wish I sold last night, but shoulda, coulda, woulda....
  18. johnarb

    DeFi - going bankless

    Did you mean $chads? lol. I bought $3K worth of chads last week, 32K of chads, and I was thinking of hodling for the eventual pump as these pump & dumps go, but during my derisking process, it got closed out for a loss of about $7-800. Now I look at it as you mentioned it, I could have had a...
  19. johnarb

    DeFi - going bankless

    Update: There's a bounce, so I sold 5 meme's at 4.5'sh so locking in some profits, but 2/3 of the position still at risk. Tokenomics is strong on this as the pineapples used for minting NFT's cannot be transferred to another wallet as it's not erc-20. I was somewhat aware of it as it was...
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