MISC Crypto Crew (MCC) Vol: XIII: Money printer goes brrrrrr, But Bitcoin doesnt

[Serenadium]

didnt sushi exit scam, say sorry and return all the eth? lmao

The creator took all the DAO funds ($20m) in September 2020, then returned it after the community doxxed him. He was then swiftly booted out of the project and now the fund is now multi-sigged (dev fund is worth something like $300m-500m now lmfao).

The narratives including the DAO hack makes Sushi legendary (and they fking acquired sushi.com lmfao). It will now have a Grayscale trust and has a Coinbase custody listing which is a prelude to listing on CB pro. It also has one of the highest daily trading volumes in the space.

It's an immaculate conception project and possibly the 2nd or 3rd greatest cryptocurrency in existance with BTC being #1 and arguably tied or ahead of YFI at #2 or #3.

[W1LLW]

Imagine if the correction to BTC isnt over and we are about to dead cat bounce even lower.

Not even going to pretend i know how long this quasi-correction will last. All I can say is that it's boring, so I'm just gonna buy a fukton of BNB under $250 then start yield farming on pancakeswap.

Wouldn’t go balls deep in ada unless it has a decent dip. Not saying it’s over priced but the risk reward isn’t worth it atm

Buy the rumour sell the news is still a thing folks. Lol at ada

My n00b dad sent me a text "What happened with ADA? I thought there was supposed to be a 'kaboom' on March 1st?"

Had to explain to him that "the kaboom" was ADA running up 260% from .40 to 1.40 in just a Feb4 to Feb27 time frame.

Will drop a tip for the misc.

With the upcoming Coinbase IPO and Coinbase futures trading at $100b valuation (3-5x float price), the play is decentralized exchanges as this will be the next based on narrative flow.

Once normies see the hype, price and news cycle of a crypto exchange priced at retarded levels, they will buy in to DEXs. This is why I am loaded up.

Sushi, Uni, 1inch, DODO, Bancor and Tokenlon are all poentially good choices to front run the craze.

Disclosure: I hold a large bag of sushi that I've held since $1.1 which I posted here in Oct/November.

Appreciate the gem. Need more posts like this and less "Hoedown vs Hootenanny" debates between Beta and Entropy lol

[eternalone423]

Idk what you expected. It’s gonna dump <$1 I reckon.

The coin is +1150% over 3 months. Been hyped like crazy, people are gonna take profits.

I took mine and bought a ton of ETH

[Titansfan08]

Baseless prediction of the week - Link breaks 40 by Friday night

[DoYouEvenNEM]

The national bank of Lithuania used NEM to issue their collectible coins.


NEM climbing up on Coinmarketcap. Might overtake Doge and Uniswap in the next day?

[Kabamaro]

Anyone investing in Defi Yield farming?

What projects are you on and what’s your experience/tips?

I’ve seen APRs go as high 14000%

[mgftp]

Anyone investing in Defi Yield farming?

What projects are you on and what’s your experience/tips?

I’ve seen APRs go as high 14000%

I just started. Haven't messed with high APR LP pairs. To me there is too much risk if the market isn't flying, however good research and timing can probably mitigate a good portion of that risk. Right now I I have a small chunk of single asset pools on AutoFarm and getting gains on assets I had just sitting around. Debating on putting more in but will probably get into CeFi as well with more assets and cash I have laying around to get gains. From my research I'll go with Nexo and Celsius for that. I would classify this as much safer than yield farming, but obviously lower yield and still riskier than a bank or cold storage.

I'd be curious as to what you decide to do.


Edit:

Also if you go Celsius

Join Celsius Network using my referral code 1618268e1f when signing up and earn $30 in BTC with your first transfer of $200 or more! #UnbankYourself

https://celsiusnetwork.app.link/1618268e1f

[W1LLW]

Anyone investing in Defi Yield farming?

What projects are you on and what’s your experience/tips?

I’ve seen APRs go as high 14000%

I am, only with defi projects on the Binance Smart Chain. I'm not fukin with those ETH gas fees.

That said, got kinda fuked, bought a bunched of BNB this morning at $249 just for it to dip to $230 a few hours later. It's all good though, I know it'll rocket up to $300 when BTC starts running back to 60k in a few weeks. Just wanted to leverage defi to make gainz while we're in this correction, sideways trend.

[Autumnal]

Not even going to pretend i know how long this quasi-correction will last. All I can say is that it's boring, so I'm just gonna buy a fukton of BNB under $250 then start yield farming on pancakeswap.

Fully agreed with loading up on sub-250 BNB because I think it will guaranteed retest 300 relatively soon, especially if BTC holds above 50k in the future. Biggest part of my portfolio. What're the yields for pancakeswap? I'm getting like 8-10% on my ATOM and ALGO on binance.us. I would have to VPN to use real binance instead of the this trash clone which is a mild annoyance if it's not very worth it.

Most of my buy orders have hit at these prices but I'm keeping 1/3rd of my stack out for another 42-43k dip. Very short term indicators look close to bottomed out for daytraders but I'm trying to cultivate patience. Unfortunately UNI is a bit too pumped out atm, I sold half at 24.8 or so and have buy orders in for 22 but that'll be a big dip. Might just load back up in the 24s.

[dankydank]

Safe pools in my opinion on PancakeSwap are
1) Stablecoin:Stablecoin This has 0% risk of IL but gets around 20% APY
2) BTC:BNB I think this is safe just by looking at BNB and BTC charts, exact mirrors. Around 50-70% APY
3) Cake-BNB. Cake goes with BNB. Risk would be Cake dropping with BNB pumping. Would end up with a larger stack of CAKE. Around 140% APY or more on different platforms.

Anything above this is degen and relies on exit and entering at the right times. Best case is to enter when the schitcoin pair is at its lowest and will increase while the other asset (usually BNB) will stay stable.

[Autumnal]

Safe pools in my opinion on PancakeSwap are
1) Stablecoin:Stablecoin This has 0% risk of IL but gets around 20% APY
2) BTC:BNB I think this is safe just by looking at BNB and BTC charts, exact mirrors. Around 50-70% APY
3) Cake-BNB. Cake goes with BNB. Risk would be Cake dropping with BNB pumping. Would end up with a larger stack of CAKE. Around 140% APY or more on different platforms.

Anything above this is degen and relies on exit and entering at the right times. Best case is to enter when the schitcoin pair is at its lowest and will increase while the other asset (usually BNB) will stay stable.

Repped. Is staking then just not one of the best moves in crypto right now? Trading is time consuming, nerve wracking, and ultimate a losing gamble. The only real risk is an exchange hack or crypto dumping, and in the latter case being in crypto at all during a bear market is just worse. I suppose I may as well drop a fairly large stack into CAKE and BNB staking. Going to wait to see if we hit $210-220 BNB then I'll go balls deep with my remaining fiat. Even 4% monthly return of my stack as BNB at current prices is a fairly nice passive income. My poverty research makes it look like farming is better but I guess more drawbacks?

edit: Read the binance academy page. Will be in on this soon

[mgftp]

Safe pools in my opinion on PancakeSwap are
1) Stablecoin:Stablecoin This has 0% risk of IL but gets around 20% APY
2) BTC:BNB I think this is safe just by looking at BNB and BTC charts, exact mirrors. Around 50-70% APY
3) Cake-BNB. Cake goes with BNB. Risk would be Cake dropping with BNB pumping. Would end up with a larger stack of CAKE. Around 140% APY or more on different platforms.

Anything above this is degen and relies on exit and entering at the right times. Best case is to enter when the schitcoin pair is at its lowest and will increase while the other asset (usually BNB) will stay stable.

All very solid advice IMO. I am brand new to this, two things to add and discuss.

I would wonder if BNB and BTC are close enough mirrors though. I guess I don't fully understand how much separation equates to how much loss, but I know that time BNB was pumping out 50% gains BTC definitely was not even close to doing the same.

Why go stable-stable on PS for 20% APR when I am seeing single stables get 30-40% on Autofarm?

[Autumnal]

All very solid advice IMO. I am brand new to this, two things to add and discuss.

I would wonder if BNB and BTC are close enough mirrors though. I guess I don't fully understand how much separation equates to how much loss, but I know that time BNB was pumping out 50% gains BTC definitely was not even close to doing the same.

Why go stable-stable on PS for 20% APR when I am seeing single stables get 30-40% on Autofarm?

Looks like Autofarm just seems to have better returns in general? Obviously seems much higher risk than pancakeswap though. 280% on CAKE/BNB there opposed to 138% on pancakeswap? I assume the 2x is only if you hold the Auto coin?

[im2manly]

Why are prices always higher on crypto.com. wish Voyager would verify my account already. Been over a month

[mgftp]

Looks like Autofarm just seems to have better returns in general? Obviously seems much higher risk than pancakeswap though. 280% on CAKE/BNB there opposed to 138% on pancakeswap? I assume the 2x is only if you hold the Auto coin?

From my understanding AutoFarm is using farms like PS however automatically compounding creating the higher returns (with I believe less fees since every time you choose to manually compound on PS you get a small charge for blockchain transaction?.)

What would make you say PS is safer than AF? AF is catching up to PS in volume quickly. https://www.defistation.io/ Sketchy services all around if you ask me. That's why I will put some money in Nexo and Celsius as well, not as high interest but a step safer yet. Just gonna diversify my stale assets to acquire some interest while managing risk. My thoughts anyway.

[Autumnal]

Mostly because I have actually heard of pancakeswap and not autofarm I would presume pancakeswap is a more "known" and by extension likely safer bet. May be mistaken. Also JFL at US regulations, do I seriously have to fkin make a binance.com account under a VPN and transfer from my binance.us account to it because you can't transfer BNB onto the BSC network? What kind of bullchit is that? Do I have to bypass KYC to withdraw a sizeable amount of BNB off binance.com? Ffs.


edit: reading there is a binance extension for this apparently. Reviews absolutely trashing it however. The US regulations are just strangling a lot of potential users in this space, it's so unnecessary. Not only do they want to take a cut via taxes for literally doing nothing and taking no risk, I can't even do half of the chit you can do elsewhere in the world.

[mgftp]

Mostly because I have actually heard of pancakeswap and not autofarm I would presume pancakeswap is a more "known" and by extension likely safer bet. May be mistaken. Also JFL at US regulations, do I seriously have to fkin make a binance.com account under a VPN and transfer from my binance.us account to it because you can't transfer BNB onto the BSC network? What kind of bullchit is that? Do I have to bypass KYC to withdraw a sizeable amount of BNB off binance.com? Ffs.


edit: reading there is a binance extension for this apparently. Reviews absolutely trashing it however. The US regulations are just strangling a lot of potential users in this space, it's so unnecessary. Not only do they want to take a cut via taxes for literally doing nothing and taking no risk, I can't even do half of the chit you can do elsewhere in the world.

You think you got it bad? Try living in NY on top of it.

But I am not sure what type of issues you are having. On my regular Binance account I have never had any issue sending any type of crypto to an external wallet. They just prevent me from trading. Are you saying you can't move funds off of Binance.us?

[Autumnal]

You think you got it bad? Try living in NY on top of it.

But I am not sure what type of issues you are having. On my regular Binance account I have never had any issue sending any type of crypto to an external wallet. They just prevent me from trading. Are you saying you can't move funds off of Binance.us?

I cannot move my BNB directly to the Binance Smart Chain on my metamask wallet to transfer to defi farming. You cannot withdraw tokens onto the BEP-20 network on binance.us, withdrawals have to be on BEP-2 network instead of BEP-20. I'm trying to use the chit binance wallet extension with one BNB to see if I can make the transfer on that wallet then onto a defi before I commit more since so many reviews are saying the extension is barely functional. Or am I missing something? Googling around indicates you have to go through this process.

Or can I just swap it on metamask from something like eth and eat a fee? Haven't messed around with wallets much. Might be overcomplicating this but this medium article is indicating this is the way to do it.

[mgftp]

I cannot move my BNB directly to the Binance Smart Chain on my metamask wallet to transfer to defi farming. You cannot withdraw tokens onto the BEP-20 network on binance.us, withdrawals have to be on BEP-2 network instead of BEP-20. I'm trying to use the chit binance wallet extension with one BNB to see if I can make the transfer on that wallet then onto a defi before I commit more since so many reviews are saying the extension is barely functional. Or am I missing something? Googling around indicates you have to go through this process.

Or can I just swap it on metamask from something like eth and eat a fee? Haven't messed around with wallets much. Might be overcomplicating this but this medium article is indicating this is the way to do it.

I haven't used metamask for BSC so can't comment there but TrustWallet has worked for me and integrates very well with Dapps like PancakeSwap and AutoFarm. You get a fee on TrustWallet for switching to BSC but it's very small.

[Autumnal]

I haven't used metamask for BSC so can't comment there but TrustWallet has worked for me and integrates very well with Dapps like PancakeSwap and AutoFarm. You get a fee on TrustWallet for switching to BSC but it's very small.

Well I put half my stack into autofarm for wbnb, cake, and wbnb-cake. Kind of a relief to just let it sit there passively collecting money. I am still a bit uncertain on if the wbnb-cake pair is better than just staking wbnb and cake individually, reading about impermanent losses and whatnot is just making me more confused. Is it not just a bigger risk to have the pair despite a bit more % earning? Or maybe this is offset by the trading fee gains, but I assume you don't really get that on autofarm? I feel like I'm missing something obvious.

If I get exit scammed you are getting a big fat neg. Thanks for the advice brah but jfl what a goddamn headache, that took like two hours and like $100 in fees moving chit around a million times. Shoot me your BNB wallet and I'll send you a small tip.

Also, in for the 78.6 milllion % APR on viking-busd jfl

Also found https://farm.br34p.finance/ which just has straight up higher staking rewards but I assume is a complete and utter exit scam ofc. Like wtf are these %s? 3.8K% APR on DOT for instance (though it's "closed"). A lot of that is in RAKE which has 140k daily trading volume but still. I wonder how many of these forks are out there.

[dankydank]

TrustWallet has an option to convert BNB to WBNB to use on BSC. Thats how I did mine without getting Binance involved since I'm in Texas. The Autofarm APY that is shown is for Auto generated. The farm APR is what you get for giving liquidity. You get the same rates for the farm its using but it auto compounds it which saves fees. Each time you harvest or compound on PancakeSwap you will pay ~$0.5 each time which adds up over time. One big difference between liquidity pooling vs borrow/lend platforms is you get fees for all exchanges made on liquidity pooling. If you're big enough then it adds up a lot. For example, some pairs may due up to 250k in fees per day on Uniswap. Once gas goes down and volume goes up, the fees would go even higher. Every transaction has a 0.3% fee and you get a percentage of that based on how much liquidity you provide. For example, if a pair has 400 million liquidity, and you provide 1 million, you would get 0.25% of all fees. If it is doing 250k in fees per day, that is 625 dollars earned per day in fees or ~230k earned per year in fees. Celsius, AAVE, and other lending platforms don't provide fees for transactions.

[zyzzliftswjesus]

I'm getting chunks on everything NFT (will ape if I see the right one)

Got some OMI, SNFT (I'm in the airdrop), looking at others. I think NFTs are going to be huge. First real use-case outside of defi for crypto with insane usage imo, whether people can see it now or not.

The other side of that is, even if it doesn't get to where I think it's going people are hearing the hype and will want in whether they understand why there is hype or not. This past run as I see was big on defi and ways to earn off of your current cash. I see the next one as still the same, but also a phase into the start of some actual use cases outside of currency that reinforce the presence of crypto to normies as permanent tech, not just a fiat replacement, and also it's inevitability to take over so many sectors.

[Autumnal]

TrustWallet does seem superior, I'll probably use that in the future instead of metamask. Yeah, I see that a lot of the % gain is in AUTO but it has enough trading volume that it doesn't particularly bother me. I The WBNB-Auto LP payout is pretty nuts as well, tempted to throw some money in there.

[zyzzliftswjesus]

. I wonder how many of these forks are out there.

Gajillions

[DoYouEvenNEM]

TrustWallet does seem superior, I'll probably use that in the future instead of metamask. Yeah, I see that a lot of the % gain is in AUTO but it has enough trading volume that it doesn't particularly bother me. I The WBNB-Auto LP payout is pretty nuts as well, tempted to throw some money in there.

Personally it never happened to me but I keep on hearing MetaMask wallets being hacked and stuff. The thing is their security is almost identical to TrustWallet so it implies inside job or really bad code.

[The Nothing]

Product marketing at niantic labs / pokemongo just tweeted that Flow Blockchain is the future. Broootal for noflowcels.

https://mobile.twitter.com/VeronicaS...21178066833411

https://www.onflow.org/token-distribution
Does the token release schedule disturb you at all?
Month Circulating supply
0-2 20,000,000
3-11 72,700,355
12 315,496,280
13-24 607,942,242 Yikes!!!

Seems like gonna be some cheap flow after the first of the year.

[mgftp]

Well I put half my stack into autofarm for wbnb, cake, and wbnb-cake. Kind of a relief to just let it sit there passively collecting money. I am still a bit uncertain on if the wbnb-cake pair is better than just staking wbnb and cake individually, reading about impermanent losses and whatnot is just making me more confused. Is it not just a bigger risk to have the pair despite a bit more % earning? Or maybe this is offset by the trading fee gains, but I assume you don't really get that on autofarm? I feel like I'm missing something obvious.

If I get exit scammed you are getting a big fat neg. Thanks for the advice brah but jfl what a goddamn headache, that took like two hours and like $100 in fees moving chit around a million times. Shoot me your BNB wallet and I'll send you a small tip.

Also, in for the 78.6 milllion % APR on viking-busd jfl

Also found https://farm.br34p.finance/ which just has straight up higher staking rewards but I assume is a complete and utter exit scam ofc. Like wtf are these %s? 3.8K% APR on DOT for instance (though it's "closed"). A lot of that is in RAKE which has 140k daily trading volume but still. I wonder how many of these forks are out there.

BNB - bnb1rz4fzqkcfh02vt4zy3v2kkz423whnrna3s6trk
BSC - 0x12Cf0b230cd99dD25f410A83DfFA2C7FA21c49A9

Pls don't sent much, we are all here to help each other, but I'd get a kick getting out getting a little crypto from a real person, lol.



Be careful on some of those pairs which have volatility possibility.

AF rugging is definitely possible, I just don't see it as much more possible than Pancake or the others doing big volume. If I had more trust in AF I'd dump a ton of stable coin money in it, 30-40% APR is tremendous. A lot of the farms popping up with insane APYs are just total rugs right from the start, and some people make big money getting in and out but you never know when they will pull the rug, too much risk for me.

TrustWallet does seem superior, I'll probably use that in the future instead of metamask. Yeah, I see that a lot of the % gain is in AUTO but it has enough trading volume that it doesn't particularly bother me. I The WBNB-Auto LP payout is pretty nuts as well, tempted to throw some money in there.

You using the app or some sort of web interface?

Personally it never happened to me but I keep on hearing MetaMask wallets being hacked and stuff. The thing is their security is almost identical to TrustWallet so it implies inside job or really bad code.

I wouldn't use MM without a hardware wallet.

[Autumnal]

Don't worry, I'm not that generous.

But I just went all in on staking Cake and BNB. I'm honestly okay with being all in on BNB alone and if you can stake it for 50% I don't see why everyone wouldn't just do this, though I also can't complain about 300% from CAKE (even if 50% of these percentages are rewards of a different coin but that coin can be swapped on pancakeswap and has some liquidity and volume to it).

I doubt I will make more than 50% more of a stack from daytrading and it requires zero effort. Why are more people not discussing this and how to do it? You can turn a relatively small stack into millions in a few years assuming we don't go into another awful bear market (which we probably will but you can wait it out until the next bull market). NFTs may also be the 2021 ICOs and be milkable for 6 months at least though not sure if I want to get into literal beanie babies.

I very specifically remember talking with people in the 2018 crypto thread about BNB at $5 when it was just a trading fee reducer linked to the exchange, I probably had 1-2k at one point and knew people with much larger bags of it. Maybe one of the only coins that has generated any actual tangible use cases. Crazy to think how many of these missed millionaire chances there are in crypto, yet I remain in relative poverty. Pissening.

I'll take that $10 back if I lose it all through a bug or hack.

[Gringo12]

BAT is going to explode one of these days.




Also if you brahs aren't aware of Venus (xvs) look into it. That short supply, current 50% discount from ath and defi hype. It's gonna be the next compound

[ghostfacedup]

Biggest threat right now is political authoritarians clamping down.