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  • true DeFi should be 100% transparent, immutable, trustless, and should pay yield.

    crypto industry as a whole is the fastest growing and fastest appreciating asset class in the history of mankind—however, it can be very confusing to understand. True DeFi (decentralized finance) exists past the gate of centralized exchanges, not dependent on banks and middlemen, but instead upon vibrant communities. The smartest developers, programmers, and futurists are creating a world of finance that is completely void of any middlemen—a world of finance where the hallmark is transparency and all people regardless of color, economic background, or credit rating matter.

    DeFi is the future of finance. With the current rate of inflation being realistically around 10% a year. The average middle to lower class family will never be able to save enough money to retire. Big banks want your money and they will use any means necessary to convince you to lock it up in a long term savings account like a Roth IRA, which yields less than 4% a year. Yield is drying up in every traditional market.

    HEX, Pulsechain and PulseX are going to be revolutionary for DeFi in 2022. Easily making upwards of 40% APY with trustless yield.

    Comment


    • Originally posted by PulseX View Post
      true DeFi should be 100% transparent, immutable, trustless, and should pay yield.

      crypto industry as a whole is the fastest growing and fastest appreciating asset class in the history of mankind—however, it can be very confusing to understand. True DeFi (decentralized finance) exists past the gate of centralized exchanges, not dependent on banks and middlemen, but instead upon vibrant communities. The smartest developers, programmers, and futurists are creating a world of finance that is completely void of any middlemen—a world of finance where the hallmark is transparency and all people regardless of color, economic background, or credit rating matter.

      DeFi is the future of finance. With the current rate of inflation being realistically around 10% a year. The average middle to lower class family will never be able to save enough money to retire. Big banks want your money and they will use any means necessary to convince you to lock it up in a long term savings account like a Roth IRA, which yields less than 4% a year. Yield is drying up in every traditional market.

      HEX, Pulsechain and PulseX are going to be revolutionary for DeFi in 2022. Easily making upwards of 40% APY with trustless yield.
      What are the downsides besides risk of losing all your money? I haven’t dived into Staking that reports 40% APY because it seems too good to be true.

      Comment


      • Originally posted by PulseX View Post
        With the current rate of inflation being realistically around 10% a year. The average middle to lower class family will never be able to save enough money to retire.
        The average lower class family depends on things like social security and government subsidies to retire, if they ever truly retire.

        Originally posted by PulseX View Post
        Big banks want your money and they will use any means necessary to convince you to lock it up in a long term savings account like a Roth IRA, which yields less than 4% a year.
        Huh?

        Comment


        • Originally posted by chocolatebear11 View Post

          What are the downsides besides risk of losing all your money? I haven’t dived into Staking that reports 40% APY because it seems too good to be true.
          The downside is that many (if not all) of these offering crazy interest rates are scams and it’s only a matter of time before they’re exposed.

          Comment


          • Originally posted by PulseX View Post
            true DeFi should be 100% transparent, immutable, trustless, and should pay yield.

            crypto industry as a whole is the fastest growing and fastest appreciating asset class in the history of mankind—however, it can be very confusing to understand. True DeFi (decentralized finance) exists past the gate of centralized exchanges, not dependent on banks and middlemen, but instead upon vibrant communities. The smartest developers, programmers, and futurists are creating a world of finance that is completely void of any middlemen—a world of finance where the hallmark is transparency and all people regardless of color, economic background, or credit rating matter.

            DeFi is the future of finance. With the current rate of inflation being realistically around 10% a year. The average middle to lower class family will never be able to save enough money to retire. Big banks want your money and they will use any means necessary to convince you to lock it up in a long term savings account like a Roth IRA, which yields less than 4% a year. Yield is drying up in every traditional market.

            HEX, Pulsechain and PulseX are going to be revolutionary for DeFi in 2022. Easily making upwards of 40% APY with trustless yield.
            Are you by chance related to Bernie Madoff at all? No reason for asking.

            Comment


            • The smartest people in the world may be creating this defi space and it may work in theory/perfect world. A problem is that there are even smarter scammers/hackers out there that rug the everyday person.

              You hear the stories of grandma sending money to scammers to help out the grandkids in trouble. But now even regular smart people are getting scammed/hacked out of significant amounts of “money”. Since it’s decentralized, there’s no authority to try and get it back. But that’s a feature and not a bug right?

              Comment


              • lol “decentralized finance”

                https://blog.solend.fi/slnd1-mitigat...e-1504285ab4d2


                …. With that in mind, the action we believe would result in the best outcome is as follows:
                • Grant emergency power to Solend Labs to temporarily take over the whale’s account so the liquidation can be executed OTC and avoid pushing Solana to its limits. This would be done via a smart contract upgrade. Emergency powers will be revoked once the whale’s account reaches a safe level.



                Comment


                • Originally posted by jacoavlu View Post
                  lol “decentralized finance”

                  https://blog.solend.fi/slnd1-mitigat...e-1504285ab4d2


                  …. With that in mind, the action we believe would result in the best outcome is as follows:
                  • Grant emergency power to Solend Labs to temporarily take over the whale’s account so the liquidation can be executed OTC and avoid pushing Solana to its limits. This would be done via a smart contract upgrade. Emergency powers will be revoked once the whale’s account reaches a safe level.


                  This makes me thing of that scene in Star Wars where they let the bad guy that looks like Ralph Nader take over everything.

                  Comment


                  • Originally posted by jacoavlu View Post
                    lol “decentralized finance”

                    https://blog.solend.fi/slnd1-mitigat...e-1504285ab4d2


                    …. With that in mind, the action we believe would result in the best outcome is as follows:
                    • Grant emergency power to Solend Labs to temporarily take over the whale’s account so the liquidation can be executed OTC and avoid pushing Solana to its limits. This would be done via a smart contract upgrade. Emergency powers will be revoked once the whale’s account reaches a safe level.



                    This is a misguided travesty. However, I would argue it’s an indictment of a poorly structured DAO, not DeFi per se.

                    During the recent crypto drawdown we’ve seen centralized entities implode like UST/LUNA, Celsius and 3AC, but decentralized exchanges like AAVE, Compound and UniSwap have kept chugging along efficiently, processing millions in transactions without issue.

                    Comment


                    • Originally posted by SpacemanSpiff12 View Post

                      This is a misguided travesty. However, I would argue it’s an indictment of a poorly structured DAO, not DeFi per se.

                      During the recent crypto drawdown we’ve seen centralized entities implode like UST/LUNA, Celsius and 3AC, but decentralized exchanges like AAVE, Compound and UniSwap have kept chugging along efficiently, processing millions in transactions without issue.
                      Don’t disagree. Just a good reminder that not all defi takes the “de” part so seriously

                      Comment


                      • Originally posted by SpacemanSpiff12 View Post

                        This is a misguided travesty. However, I would argue it’s an indictment of a poorly structured DAO, not DeFi per se.

                        During the recent crypto drawdown we’ve seen centralized entities implode like UST/LUNA, Celsius and 3AC, but decentralized exchanges like AAVE, Compound and UniSwap have kept chugging along efficiently, processing millions in transactions without issue.
                        You are right about the resiliency of Uniswap & Aave during this deleveraging epoch, but have you seen the yields? You are getting less than 10 year Treasury yields on Aave rn - with much more risk. & on Uniswap, sure it still exists, but liquidity has dried up, especially for lower cap shitcoins but for even some of the large caps. Bid/ask spreads are widening.

                        Comment


                        • a reminder that most all "decentralized finance" is basically captured, decentralized in name only

                          "DeFi Protocol MakerDAO Puts $500 Million in Treasuries, Bonds"

                          Comment


                          • More egregiously, Celsius has literally doxxed everyone who had funds on there in their bankruptcy court filing.

                            Unsurprisingly, the CEO took out 10M, his wife 2M a few days before they shut down the site for withdrawals - nothing shady bout that...

                            Comment


                            • Originally posted by xraygoggles View Post
                              More egregiously, Celsius has literally doxxed everyone who had funds on there in their bankruptcy court filing.

                              Unsurprisingly, the CEO took out 10M, his wife 2M a few days before they shut down the site for withdrawals - nothing shady bout that...
                              Wen jail

                              Comment


                              • Originally posted by xraygoggles View Post
                                More egregiously, Celsius has literally doxxed everyone who had funds on there in their bankruptcy court filing.
                                This is incorrect. Customers were lending Celsius money, not depositing it, so customers are considered creditors and must be listed. That's why it's important to read the fine print. Otherwise, it would go against the Bank Secrecy Act and would have been a huge blunder.

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