I saw an interesting piece about how DeFi held up incredibly well during those high vol transaction times, lending credibility over traditional banks/brokerages/Coinbase/etc that often struggle at times of high vol. This seemed like a big plus for the future of DeFi. Any thoughts on this? Trying to gain a better understanding of why this isn’t being made a bigger deal since presumably this sort of fluid execution of smart contract terms and whatnot is what it’s all about??

The DeFi protocols acted as they were meant to during times of high volatility. Under collateralized positions were liquidated. I'm not aware of any unexpected events that occurred on any of the defi platforms due to the volatility.

CeFi struggled at times of high volatility because there was increased traffic so their sites were overloaded. DeFi was also overloaded and ethereum gas prices were through the roof. My positions were getting dangerously close to being liquidated and I had to pay over 2 ETH in gas fees to perform a series of transactions to save my positions.

There was a 2 minute window where anyone could've liquidated Justin Sun's 1bn position on Liquity. You would've made 5m for doing so. Surprised it didn't happen and that no one had bots set up to do it.

Very interesting, thanks. Yeah, overall, seems like a good event for DeFi. I need to gain a greater understanding of the nuances of gas fees and all that to truly understand the implications for future periods of high volume. But it doesn’t seem like you’re saying DeFi failed here.

its kinda fun running toward layer 2 LP'ing w absurd APYs knowing theres prob a ponzi in here somewhere, but at least if that happens i'll get to say i had fun in the midst of a ponzi

Yeah, that's why I asked about the "as far as DeFi goes" comments. Are even the "safe" ones, just not safe?

I think the idea is that it's impossible to prove something isn't hackable...even bitcoin itself. But the idea is with effectively a 1 trillion dollar bug bounty on it, that it has so far stood the test of time, so it's likely safe.

The same goes with all these defi platforms. For the most part they are all copies of each other.

There's tens of billions locked up in some of the good ones, so it's reasonable to assume it's safe...but it's not proven.

But then people copy the 'safe' ones and make a tweak or two. These tweaks either have intended results aka rugs, or unintended results, which create vulnerabilities which someon can exploit.

If you want to be 'safe' in defi, just sort the projects by TVL (total value locked) and put your money there. Generally there's less returns on them, but you can probably rest easier at night.

Thanks a lot, that's exactly what I was looking for.

i've spent the better part of a day trying to figure this out myself but cant, so i'll try and ask here

is there a way (website/calculator/otherwise) i can figure out the yield on my SLP when LP'ing on sushi? all i see are the harvests from the pool reward incentives. same with my zapper, it only shows the incentives. i see the APY but i cant track it real time because i'm spoiled from uni v3. does this question make sense to anyone? just want the sweat of what my pool yield is.

trading volume/liquidity*.25*365 + daily_sushi_earned*sushi_price/position_size*365 - IL

you could additionally track the value of your LP tokens and the value of the additional sushi you get. The easiest way to do this is: <your LP token #>/<total LP token #> * pool liquidity

Get LP token balances from relevant etherscan pages

gotcha, ty

Are ya'll still bullish on ETHBTC mid-longterm? Obviously ETH has been slipping vs BTC during this downswing, do we think it's something temporary or has the flippening become less likely for some reason?

There seems to be a growing sentiment that BTC isn't energy friendly. This could lead to a shift over to Eth. The short term is just noise/china rug pulling. Longterm Eth/Doge/Link/Dot are probably safe bets.

Now we are including Doge in our long term projections?

I'm still extremely bullish about ETH long term. Became pretty bearish on Bitcoin long ago. I wouldn't mind ETH dropping further from this point always felt I hadn't acquires enough so just an opportunity for me to get more locked into yield producing smart contracts. Lots of results oriented people in crypto. Luckily I'm not a trader, just continuing my DCA strategy over here.

Another strat for getting high returns on ETH 2.0 "staking" as a long term holder.

Buy ETH on Binance or transfer it there, change it to BETH (staking reward tokens that will later become ETH 2.0) which you can get at up to 10% discount right now. (6% in bull markets) You'll collect staking rewards with these that you get after 1-2 days. You can view the distribution under "Earn > ETH 2.0 Staking > Distribution records".

This should get you 6-7% year 1 and 16-17% year two if nothing goes wrong with ETH 2.0.

If you want to get out for some reason you can always sell BETH as nothing is locked up.

Is this the 3 halvenings in 1 that everyone was talking about?

Link to triple halving paper, report on the investment case for ETH.

https://drive.google.com/file/d/1bEC...ew?usp=sharing

Basic question but considering that Solana's main value prop right now is high throughput with very low gas fees, if ETH successfully scales, does that make Solana obsolete?

There are 10k coins right now with different value props.

Whether values can be sustained depends on the ownership structure, their willingness to prop up pricing via active market making if a large percentage is held by owners (looking at DODGE here with 66% whale ownership), their marketing efforts, their achievements that go beyond marketing etc.

TRX offers low cost transactions right now when you send to off exchange wallets via TRC20 vs ERC20 (Ethereum) (1 USD vs 4 USD) and XRP transfers at similar costs. (these are rates charged to me by exchanges)

Whole point of staking is to not do it on an exchange, I would prob look into rocketpool instead lf Beth. Also worth noting if u stake for 2.0 you don’t actually get eth2.0 until it’s live whenever that will be and there will be vig moving out of Beth and back into eth1.0

Nope, Solana use some time stamping algo that’s super unique to Sol.

But regardless of that the distribution of the tokens is quite centralised so whatch out for dumps after locked in times expires for those presale whales. I still think it has legs tho until someone else starts some new coin that improves of the time stamping plus something else unique

If I'm holding ethereum in one of my wallet, do I have to do anything with Eth 2.0?

Why do it off exchange? Is there a miniscule risk that Binance - the largest exchange, will get hacked and your coins will disappear? Yes, but I'm going to take that. As for myself getting hacked, I have multi factor authentication enabled.

If you don't like Binance, KuCoin offers something similar. (you can buy ETH 2.0 tokens with ETH there)

You get an 8% discount right now from people selling staking rewards or wanting to exit.

If you're really paranoid you can cold store the BETH off exchange until ETH 2.0 goes live, but I don't think you'll get any sort of rewards this way, so you will have to time this well.

Why does Binance, the largest exchange, not simply eat the other five?

Put simply,
Why help a centralised power within an industry become more powerful?

We saw what happened to poker rake when we made poker stars too powerful between 2008 to 2016 Online poker died,

Crypto has longer legs than that… but if you don’t get that monopolistic manipulation kills industries…. The essence of Bitcoin/eth/alts is lost

I really do not recommend people stake with Binance. Coinbase has to be the safest bet for normies. Using binance as anything other than a place to buy Crypto to be immediately moved into a wallet that you yourself control seems insanely risky. I do not trust that operation at all and do not understand why anyone would? At least Coinbase is a regulated entity and publicly traded in the USA. But I don't stake there either since i'm getting ~10% from the Yearn vault (CB offers ~6%).