Showing posts with label unbanked. Show all posts
Showing posts with label unbanked. Show all posts
Monday, October 17, 2022
Tuesday, March 1, 2022
Service that has every possible staking options
Ingrandisci immagine - Repost: Service that has every possible staking options (from Reddit.com)
Home page
Home page
Sunday, February 27, 2022
Weekly DeFi Discussion - A great place to ask questions and discuss ideas
Weekly DeFi Discussion - A great place to ask questions and discuss ideas
Welcome to the new r/defi weekly discussion thread! If you have any great ideas, please feel free to share them here. Newbie questions are welcomed! Be kind to each other.Some general resources:Decentralized Finance EducationDeFi Resources SpreadsheetDeFi Protocol Safety Reviews
Ingrandisci immagine - Repost: Weekly DeFi Discussion - A great place to ask questions and discuss ideas (from Reddit.com)
Welcome to the new r/defi weekly discussion thread! If you have any great ideas, please feel free to share them here. Newbie questions are welcomed! Be kind to each other.Some general resources:Decentralized Finance EducationDeFi Resources SpreadsheetDeFi Protocol Safety Reviews
Ingrandisci immagine - Repost: Weekly DeFi Discussion - A great place to ask questions and discuss ideas (from Reddit.com)
Cronos Defi
Cronos Defi
Good or Bad?My crypto bags are packed for the future but would love to venture into the passive income world, answers would be welcomed:)!
Ingrandisci immagine - Repost: Cronos Defi (from Reddit.com)
Good or Bad?My crypto bags are packed for the future but would love to venture into the passive income world, answers would be welcomed:)!
Ingrandisci immagine - Repost: Cronos Defi (from Reddit.com)
I Found a Potential 1000x | This token is BTCPrinter on the Avalanche Network | Up like 40x the first month!
I Found a Potential 1000x | This token is BTCPrinter on the Avalanche Network | Up like 40x the first month!
Website:https://www.btcprinter.net/Twitter:https://twitter.com/BTCPrinterAvaxMarketwatch wrote an article about them as wellhttps://https://ift.tt/Xiw8thb
Ingrandisci immagine - Repost: I Found a Potential 1000x | This token is BTCPrinter on the Avalanche Network | Up like 40x the first month! (from Reddit.com)
Website:https://www.btcprinter.net/Twitter:https://twitter.com/BTCPrinterAvaxMarketwatch wrote an article about them as wellhttps://https://ift.tt/Xiw8thb
Ingrandisci immagine - Repost: I Found a Potential 1000x | This token is BTCPrinter on the Avalanche Network | Up like 40x the first month! (from Reddit.com)
Advice
Advice
I'd like to put a small percentage of my savings into defi rather than it sit in the bank and do nothing. Can anyone recommend a sustainable and responsible project for me to research?
Ingrandisci immagine - Repost: Advice (from Reddit.com)
I'd like to put a small percentage of my savings into defi rather than it sit in the bank and do nothing. Can anyone recommend a sustainable and responsible project for me to research?
Ingrandisci immagine - Repost: Advice (from Reddit.com)
DeFi has been a historical breakthrough in the history of finance
DeFi has been a historical breakthrough in the history of finance
DeFi being a bottom-up innovation that takes the component of centralised finance and replaces human trust with math-based trust, which at the end of the day is 100% more dependable, replaces paperwork with smart contracts, legal enforcement with cryptographic enforcement, and third party audit with open source code and public ledger.It is enabling developers to create new financial products such as decentralised banking, decentralised money markets and decentralised asset management firms also decentralized autonomous entities that are growing at such a fast rate to the point that one has become the largest treasury in the market, BitDAO which are also creating a DAO2DAO ecosystem that will spawn more purpose driven autonomous entities. The possibilities in DeFi are endless.DeFi is shaping to be the best thing to happen to finance since ever. Not everyone in the world can open a bank account but everyone in the world can be part of DeFi. To go from tedious money transactions to this innovation in a couple of years is astounding and I'm looking forward to see what DeFi brings in the upcoming years.
Ingrandisci immagine - Repost: DeFi has been a historical breakthrough in the history of finance (from Reddit.com)
DeFi being a bottom-up innovation that takes the component of centralised finance and replaces human trust with math-based trust, which at the end of the day is 100% more dependable, replaces paperwork with smart contracts, legal enforcement with cryptographic enforcement, and third party audit with open source code and public ledger.It is enabling developers to create new financial products such as decentralised banking, decentralised money markets and decentralised asset management firms also decentralized autonomous entities that are growing at such a fast rate to the point that one has become the largest treasury in the market, BitDAO which are also creating a DAO2DAO ecosystem that will spawn more purpose driven autonomous entities. The possibilities in DeFi are endless.DeFi is shaping to be the best thing to happen to finance since ever. Not everyone in the world can open a bank account but everyone in the world can be part of DeFi. To go from tedious money transactions to this innovation in a couple of years is astounding and I'm looking forward to see what DeFi brings in the upcoming years.
Ingrandisci immagine - Repost: DeFi has been a historical breakthrough in the history of finance (from Reddit.com)
Wednesday, February 23, 2022
ELI5 DeFi and Crypto Terms
ELI5 DeFi and Crypto Terms
We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.General ClassificationYou hear these terms often. These are general blockchain terms.You are a retail crypto-trader: does not affect you that muchYou are a developer: affects you depending on what are you buildingYou are a regulator: affects you depending on what you want to regulate1) Layer 1Layer 1 is just the base layer.If you imagine there's blockchain has different a kind of blocks this is basic layer 1 as in a tech stack and then on top, you could have another kind of systems, processes and technological stack.Crypto Examples: Bitcoin, Ethereum, and Polkadot. These are different kinds of layer 1 solutions and you could build things on top of them.Tech world examples: IMAP protocol to send your email from gmail. com to yahoo. com.Why is the distinction important? The economics involved in layer one is very different from the economics of layer 2 and the other kind of layers.2) Layer 2If layer 1 is the base layer, layer 2 is something that's being built upon it. Layer 2 is usually the scalable solutions and that helps transactions faster.Layer 1 is good. The objective is to send data in a distributed way and to make sure the other attacks don't happen. That's security. And usually, it means to sacrifice scalability. Layer 2 solves this.Crypto Examples: Lightning network, Plasma chain, and zk-Rollups.Tech world examples: 5G vs 2GWhy is layer 2 important? It helps with mainstream adoption for other digital products and services that need speed.3) DappDapps are decentralised applications. They can be related to finance (DeFi), esports (usually NFT), art (also NFT). They are built on top of Layer 1 or Layer 2. These are applications that you can use.Crypto Examples: Yearn, Nexus Mutual, and Axie InfinityTech world examples: iOS/Andriod is Layer 1. Instagram app, Telegram app, and web broswer are Dapp.Why is Dapp important? You can hold $ETH or $BTC or $DOT. There's nothing much you can do with it. Dapps are applications where you can have more use-cases with your tokens.DeFi General TermsAnother set of terms you hear often. These are general finance terms specific to crypto.You are a retail crypto-trader: affects you. Basically your bread and butter.You are a developer: affects you depending on what are you building.You are a regulator: affects you depending on what you want to regulate.4) DeFiDeFi: decentralised finance.DeFi looks to reduce intermediaries in the financial space by decentralising the operations. That is different from the capital market, aka traditional (centralised) finance. Sometimes, that is known as TradFi or CeFi.What will be decentralised? The entire governance mechanism and technology layer will be completely decentralised. And the beginning for DeFi was Bitcoin, a peer-to-peer currency.Now the cryptocurrency space has grown a bit more. We have lending platforms, d-exchanges, derivatives, insurance and the aggregators. So, decentralised finance has developed a lot of things beyond just p2p lending and Bitcoin.DeFi Examples: P2P currency and technology to remove double-spendingCeFi examples: Currency issued by the central bankWhy is DeFi important? It opens up financial access to everyone without intermediaries.5) Money LegoGo back to being a child. You are playing with Lego. You can stack them up and create different types of Lego structure.Now you are an adult. You play with a different type of Lego. It's money Lego. That means the various technological pieces as lego bricks to build new financial product or infrastructure.More specifically, it is to combine various products (lending, exchange, options, insurance) and connect them to other products.For Example, we have ETH and want to trade/hedge. So that, we can mortgage ETH on Compound to receive DAI and transfer DAI to a pool on Uniswap to buy more ETH. Or we can go to derivatives platform and hedge our positions. This is Money Lego that you can stack many types of protocols.DeFi Examples: Collateralise ETH on Compound to borrow DAI (lending) and exchange it for Cream (exchange) and use Cream to stake in various liquidity pools to get an annualised return.CeFi world examples: A similar example is Repo.Why is Money Lego important? This allows for each protocol to specialise in a specific financial instrument and allow anyone to use them as a tool to create new products.6) ComposabilityComposability is a systems design principle. A protocol can be broken down by different functions and its functions can be used for other purposes. Compostability is very similar to Money Lego.Different protocols are created with specific purposes, but you can use their functions to achieve your goals.For example, you can combine the loan functionality of Compound + exchange from Uniswap and provide liquidity on Sushiswap = to create a decentralised derivative exchange with one click. Instead of building everything from scratch. That's the general idea of DeFi, which is evolving very quickly.
Ingrandisci immagine - Repost: ELI5 DeFi and Crypto Terms (from Reddit.com)
We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.General ClassificationYou hear these terms often. These are general blockchain terms.You are a retail crypto-trader: does not affect you that muchYou are a developer: affects you depending on what are you buildingYou are a regulator: affects you depending on what you want to regulate1) Layer 1Layer 1 is just the base layer.If you imagine there's blockchain has different a kind of blocks this is basic layer 1 as in a tech stack and then on top, you could have another kind of systems, processes and technological stack.Crypto Examples: Bitcoin, Ethereum, and Polkadot. These are different kinds of layer 1 solutions and you could build things on top of them.Tech world examples: IMAP protocol to send your email from gmail. com to yahoo. com.Why is the distinction important? The economics involved in layer one is very different from the economics of layer 2 and the other kind of layers.2) Layer 2If layer 1 is the base layer, layer 2 is something that's being built upon it. Layer 2 is usually the scalable solutions and that helps transactions faster.Layer 1 is good. The objective is to send data in a distributed way and to make sure the other attacks don't happen. That's security. And usually, it means to sacrifice scalability. Layer 2 solves this.Crypto Examples: Lightning network, Plasma chain, and zk-Rollups.Tech world examples: 5G vs 2GWhy is layer 2 important? It helps with mainstream adoption for other digital products and services that need speed.3) DappDapps are decentralised applications. They can be related to finance (DeFi), esports (usually NFT), art (also NFT). They are built on top of Layer 1 or Layer 2. These are applications that you can use.Crypto Examples: Yearn, Nexus Mutual, and Axie InfinityTech world examples: iOS/Andriod is Layer 1. Instagram app, Telegram app, and web broswer are Dapp.Why is Dapp important? You can hold $ETH or $BTC or $DOT. There's nothing much you can do with it. Dapps are applications where you can have more use-cases with your tokens.DeFi General TermsAnother set of terms you hear often. These are general finance terms specific to crypto.You are a retail crypto-trader: affects you. Basically your bread and butter.You are a developer: affects you depending on what are you building.You are a regulator: affects you depending on what you want to regulate.4) DeFiDeFi: decentralised finance.DeFi looks to reduce intermediaries in the financial space by decentralising the operations. That is different from the capital market, aka traditional (centralised) finance. Sometimes, that is known as TradFi or CeFi.What will be decentralised? The entire governance mechanism and technology layer will be completely decentralised. And the beginning for DeFi was Bitcoin, a peer-to-peer currency.Now the cryptocurrency space has grown a bit more. We have lending platforms, d-exchanges, derivatives, insurance and the aggregators. So, decentralised finance has developed a lot of things beyond just p2p lending and Bitcoin.DeFi Examples: P2P currency and technology to remove double-spendingCeFi examples: Currency issued by the central bankWhy is DeFi important? It opens up financial access to everyone without intermediaries.5) Money LegoGo back to being a child. You are playing with Lego. You can stack them up and create different types of Lego structure.Now you are an adult. You play with a different type of Lego. It's money Lego. That means the various technological pieces as lego bricks to build new financial product or infrastructure.More specifically, it is to combine various products (lending, exchange, options, insurance) and connect them to other products.For Example, we have ETH and want to trade/hedge. So that, we can mortgage ETH on Compound to receive DAI and transfer DAI to a pool on Uniswap to buy more ETH. Or we can go to derivatives platform and hedge our positions. This is Money Lego that you can stack many types of protocols.DeFi Examples: Collateralise ETH on Compound to borrow DAI (lending) and exchange it for Cream (exchange) and use Cream to stake in various liquidity pools to get an annualised return.CeFi world examples: A similar example is Repo.Why is Money Lego important? This allows for each protocol to specialise in a specific financial instrument and allow anyone to use them as a tool to create new products.6) ComposabilityComposability is a systems design principle. A protocol can be broken down by different functions and its functions can be used for other purposes. Compostability is very similar to Money Lego.Different protocols are created with specific purposes, but you can use their functions to achieve your goals.For example, you can combine the loan functionality of Compound + exchange from Uniswap and provide liquidity on Sushiswap = to create a decentralised derivative exchange with one click. Instead of building everything from scratch. That's the general idea of DeFi, which is evolving very quickly.
Ingrandisci immagine - Repost: ELI5 DeFi and Crypto Terms (from Reddit.com)
Monday, February 21, 2022
What's up with yearn on fantom? Many assets yielding 0%
What's up with yearn on fantom? Many assets yielding 0%
Does this happen from time to time when they are switching investment strategies or something? I've never seen so many of the assets at 0%Anything to be worried about or will it pass in return to a normal yield for most assets?
Ingrandisci immagine - Repost: What's up with yearn on fantom? Many assets yielding 0% (from Reddit.com)
Does this happen from time to time when they are switching investment strategies or something? I've never seen so many of the assets at 0%Anything to be worried about or will it pass in return to a normal yield for most assets?
Ingrandisci immagine - Repost: What's up with yearn on fantom? Many assets yielding 0% (from Reddit.com)
coin relationships, behavior, and background checks
coin relationships, behavior, and background checks
hi guys,are there web tools out there that you use when doing your DOYR on coins? specially when thinking to buy, sell, stake/farm, etc.? so far I'm aware of things like coindix but i'm curious what else is out there. An example would be is there a tool we can use to correlate two coins? for farm purposesI think its important to have tools we can trust for our due diligence but i'm pretty new at this
Ingrandisci immagine - Repost: coin relationships, behavior, and background checks (from Reddit.com)
hi guys,are there web tools out there that you use when doing your DOYR on coins? specially when thinking to buy, sell, stake/farm, etc.? so far I'm aware of things like coindix but i'm curious what else is out there. An example would be is there a tool we can use to correlate two coins? for farm purposesI think its important to have tools we can trust for our due diligence but i'm pretty new at this
Ingrandisci immagine - Repost: coin relationships, behavior, and background checks (from Reddit.com)
How come waves blockchain isn't more popular with long term 20+% apy on stables?
How come waves blockchain isn't more popular with long term 20+% apy on stables?
There are some really great yields on the waves blockchain. How come it's not more popular? I realize there's not that many d apps and it's not EVM compatible but it's hard to argue with 20 plus percent interest on stable coins.I've been investing there for over a year and the stables have stayed pretty steady.
Ingrandisci immagine - Repost: How come waves blockchain isn't more popular with long term 20+% apy on stables? (from Reddit.com)
There are some really great yields on the waves blockchain. How come it's not more popular? I realize there's not that many d apps and it's not EVM compatible but it's hard to argue with 20 plus percent interest on stable coins.I've been investing there for over a year and the stables have stayed pretty steady.
Ingrandisci immagine - Repost: How come waves blockchain isn't more popular with long term 20+% apy on stables? (from Reddit.com)
Question on the rich and borrowing against assets?
Question on the rich and borrowing against assets?
This has a little to do with defi in regards to making yourself and your assets your own bank. I know a classic move by the rich is to borrow against their assets to avoid selling stocks and making a taxable event. But in every article I read they don't tell me how the rich pay back those loans without incurring a taxable event. I must be missing something obvious but I just can't figure out what it is.How does a rich person who borrowed against their stock position pay back the loan without incurring a taxable event?
Ingrandisci immagine - Repost: Question on the rich and borrowing against assets? (from Reddit.com)
This has a little to do with defi in regards to making yourself and your assets your own bank. I know a classic move by the rich is to borrow against their assets to avoid selling stocks and making a taxable event. But in every article I read they don't tell me how the rich pay back those loans without incurring a taxable event. I must be missing something obvious but I just can't figure out what it is.How does a rich person who borrowed against their stock position pay back the loan without incurring a taxable event?
Ingrandisci immagine - Repost: Question on the rich and borrowing against assets? (from Reddit.com)
Portfolio Allocation - Do you set specific percentage targets for your farming/bag holding/staking positions?
Portfolio Allocation - Do you set specific percentage targets for your farming/bag holding/staking positions?
Hi guys,I am reconstructing my portfolio which is mainly hodl all my coins right now.Do you guys set percentage targets amongst the different ways you can leverage your portfolio?ex.I will hodl 20%I will trade 20%I will farm 30%I will stake 20%Or do you change your portfolio strategy given market conditions, catalysts, etc?
Ingrandisci immagine - Repost: Portfolio Allocation - Do you set specific percentage targets for your farming/bag holding/staking positions? (from Reddit.com)
Hi guys,I am reconstructing my portfolio which is mainly hodl all my coins right now.Do you guys set percentage targets amongst the different ways you can leverage your portfolio?ex.I will hodl 20%I will trade 20%I will farm 30%I will stake 20%Or do you change your portfolio strategy given market conditions, catalysts, etc?
Ingrandisci immagine - Repost: Portfolio Allocation - Do you set specific percentage targets for your farming/bag holding/staking positions? (from Reddit.com)
tokenized real estate will be the next big thing!
tokenized real estate will be the next big thing!
Diversify your property portfolio and bring stability to your investments and access higher liquidity levels compared to traditional property investments.Their pre-ido is launching anytime now better DYOR fast https://ift.tt/YbnzBoc
Ingrandisci immagine - Repost: tokenized real estate will be the next big thing! (from Reddit.com)
Diversify your property portfolio and bring stability to your investments and access higher liquidity levels compared to traditional property investments.Their pre-ido is launching anytime now better DYOR fast https://ift.tt/YbnzBoc
Ingrandisci immagine - Repost: tokenized real estate will be the next big thing! (from Reddit.com)
Sunday, February 20, 2022
Being up to date with defi on TWITTER
Being up to date with defi on TWITTER
What are the twitter accounts that we need to follow to remain up to date with new defi protocol and node.Since I have been following some people and i think they often become late in notifying me. . And however the accounts which I follow are not useful enough.
Ingrandisci immagine - Repost: Being up to date with defi on TWITTER (from Reddit.com)
What are the twitter accounts that we need to follow to remain up to date with new defi protocol and node.Since I have been following some people and i think they often become late in notifying me. . And however the accounts which I follow are not useful enough.
Ingrandisci immagine - Repost: Being up to date with defi on TWITTER (from Reddit.com)
GMX - a revenue earning governance token
GMX - a revenue earning governance token
https://gmx.io/GMX is the governance token for the a decentralized perp and swap platform GMX.io. Unlike most defi tokens that earn through inflation, GMX earns ETH and AVAX fees from swaps and trades on the platform. GMX token holders earn 30% of all platform fees.https://ift.tt/NpzaJsb now the 30 day annualized revenue for token holders is 30M which means that at current price ($29) for every token you buy you will make $4 per year in ETH or AVAX.However this does not account for growing revenue streams from increased trades, integration with swap aggregators (GMX has zero slippage and thus is typically best price), X4 release (next fee generating product).If revenue doubles from current a $29 buy nets you $8 per year. If revenue can 5x a $29 buy nets you $20 per year and you have paid for your tokens in less than 1.5 years.This is not your typical defi ponzi tokenomics, this is revenue from usage being sent back to governance holders just like defi should be. GMX token holders are the bank and this model will be copied by others in the future.The team is fully anonymous and the community is growing.Check the product out and see for yourself.
Ingrandisci immagine - Repost: GMX - a revenue earning governance token (from Reddit.com)
https://gmx.io/GMX is the governance token for the a decentralized perp and swap platform GMX.io. Unlike most defi tokens that earn through inflation, GMX earns ETH and AVAX fees from swaps and trades on the platform. GMX token holders earn 30% of all platform fees.https://ift.tt/NpzaJsb now the 30 day annualized revenue for token holders is 30M which means that at current price ($29) for every token you buy you will make $4 per year in ETH or AVAX.However this does not account for growing revenue streams from increased trades, integration with swap aggregators (GMX has zero slippage and thus is typically best price), X4 release (next fee generating product).If revenue doubles from current a $29 buy nets you $8 per year. If revenue can 5x a $29 buy nets you $20 per year and you have paid for your tokens in less than 1.5 years.This is not your typical defi ponzi tokenomics, this is revenue from usage being sent back to governance holders just like defi should be. GMX token holders are the bank and this model will be copied by others in the future.The team is fully anonymous and the community is growing.Check the product out and see for yourself.
Ingrandisci immagine - Repost: GMX - a revenue earning governance token (from Reddit.com)
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