DeFi - going bankless
- Thread starter Sprout
- Start date
One click Governance tokens with liquidity, timelock, and stop loss.
by Andre Cronje
https://link.medium.com/9rGk465WBab
by Andre Cronje
https://link.medium.com/9rGk465WBab
There's lots of blood on the streets for cryptos today, all my crypto holdings are on the negative today, bitcoin and celsius are the least down. Bitcoin had a fud last night with OKEx missing a key holder all withdrawals are suspended, hard to make this sh*t up, lol. YFI is taking a beating today along with most of the DeFi tokens [I no longer own any YFI tokens].
Only green thing on my portfolio is $core. LGE with wBtc is almost ready for deposits, but going through a security audit, I believe.
Empowering a true DeFi economy with Bitcoin
Formation of a Secondary Market
The statement that your initial investment is lost forever due to liquidity being locked is misleading. While you can not redeem the underlying assets of your LP tokens, there is a secondary market for token holders to exchange their LP tokens into wBTC, Ethereum or other coins.
That is great to read, tsznecki!
To be honest, after derisking, my portfolio is very boring now, I'm more of a long term hodler, I got caught up in the DeFi craze (made some good coins, but also lost a bunch). Yield farming was a great experience and glad to have been part of it, maybe I'll do it again once the landscape becomes conducive to it.
More than 80% of my crypto porftolio valuation is in the top 3 holdings, Cel, Xmr and Btc. I ramped up the xmr holdings (not enough and may consider moving more to it but that just means closing or reducing other positions) when I saw a bunch of crackdown on cryptos unregulated exchanges, read somewhere 10's of thousands of bitcoin moving out of bitmex, thought to myself that may push demand for Xmr, could be temporary, but I always see Xmr as the perfect Swiss bank account replacement and not btc, fwiw.
All that TL;DR just means I won't be able to offer much in discussion, lol. I'm on Core Discord, I think it's an exciting project, but I'm quite biased. On the Core discord, I just try to understand the discussions.
There's all kinds of discussions in the Core discord, I recommend joining it jumping around the different channels
$Core Discord
[PS: There's lots of psyops (mind-games) going on in Discord, just like in Telegram. Mentioning it puts your guard up, which can only help]
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Thanks for the advice but Xmr is not illegal to use (not yet, might be in the future), so not worried about getting tracked (think that's what you meant).
Xmr is not illegal to use and it provides privacy for the users. Privacy is not illegal, though the powers that be seems to be trying to create backdoors everywhere.
Think about it, the reason you have a passwords for everything is so that your personal information is kept private, your medical records, your bank account information, your family's information, your email communications. Nowadays, everyone is so open to share everything on social media and there's another form of mind games going on in those platforms trying to encourage "discussion" or social engagement, you don't even know if you're chatting with a real person or a foreign country's troll bots. I don't have facebook or linked in, those 2 are the worst at getting your privacy compromised. I use twitter with a fake name, that's all good
Xmr is another crypto digital investment asset, but if you think it's an evil investment, you should dyor on https://getmonero.org before passing judgement, imho.
No I mean Cefi will close your accounts and stablecoin providers will stop accepting your business if you start doing heavy trading of XMR, legit or not.
If you keep it Defi only, no problem. But if you try to convert to fiat you will find issues.
I find using btc only is the best method for going to fiat, but maybe it's just me. I have wallet addresses dating back many years.
Xmr and DeFi erc-20 tokens don't cross paths since xmr is a layer 1 blockchain. Stablecoins are centralized, especially USDC and GUSD, I've always imagined these 2 as trackers for....
Acquiring XMR is not illegal. Trading USDC and GUSD for xmr I can see might cause issues, so simply do not do that.
Best not to expand for opsec.
Also CT.
Reddit is a bit better but difficult for a beginner to gain enough karma to post. Telegram is where focused convos are happening in RT but since it's unthreaded, difficult to follow at times.
I don't know what to make of Discord, seems like a mashup of gaming meets chat.