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DeFi
UW_Doog_Bot
Member, Swaye's Wigwam Posts: 18,553 
https://www.youtube.com/watch?v=btB__oHQ0sU&t=688sStarted to dip my toes into DeFi and crypto liquidity pools these last few weeks. Absolutely bonkers returns out there(1,000% apy+) but obviously volatility at the high end of the return scale. Still, tons of nice returns in liquidity for stable coins which if you are scared of those why are you even reading this thread?
Considering liquidating the rest of my money market funds to swap for stable coin pools(20%+ APY). I'm looking at the potential for decentralized finance and think we are just playing with the tip at this point.
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Yeah, the price action in crypto is bonkers but it's also the wild west. I was getting sold on Bitcoin until I found out about Tether. If the biggest, most popular coin can have this gigantic hole in the fundamentals of the market then any of the coins can have this hole. It's still way too crazy for me.
https://www.youtube.com/watch?v=b4masjd4Jos -
Who owns Tether in place of BTC? People in crypto trusts and pools etc? Maybe I'm just ignorant of a layer of investment but all of my btc and crypto are owned directly and not as derivatives etc. I own a small amount of Tether but nothing that would effect my portfolio even if it tanked.louism2wash said:Yeah, the price action in crypto is bonkers but it's also the wild west. I was getting sold on Bitcoin until I found out about Tether. If the biggest, most popular coin can have this gigantic hole in the fundamentals of the market then any of the coins can have this hole. It's still way too crazy for me.
https://www.youtube.com/watch?v=b4masjd4Jos
You can argue that it's endemic and toxic to the whole crypto market but no more so than the fed printing dollars is inflating the price. Tether has a cap of $60B vs. BTC has a cap of $750B so even if a shell game is happening it still isn't one that seems like it would destroy the total value of BTC.
@sonics1993 bump into this thred btw. -
I thought Tether was an even bigger pyramid scheme than Bitcoin? Pretty sure I have read several articles about lawsuits, too.
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I think Tether is definitely dodgy which is why my portfolio has very little of it (from being in a liquidity pool no less). The argument revolves around if Tether is big enough(and bad enough) to take down the rest of the crypto market.BleachedAnusDawg said:I thought Tether was an even bigger pyramid scheme than Bitcoin? Pretty sure I have read several articles about lawsuits, too.
Crypto is definitely the wild west. If you are an Old and want basic returns and traditional security then what cunt would click on this thred?
If you are young, a first mover, and/or not risk averse then it's an interesting space to be experimenting in. -
The house always wins. Warren on board to protect the establishment. Defi in the cross hairs
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Lol it's fine if they want 1/1062 of crypto profits.RaceBannon said:The house always wins. Warren on board to protect the establishment. Defi in the cross hairs
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Believe it or not, I think they are most worried about crypto stable coinsUW_Doog_Bot said:
Lol it's fine if they want 1/1062 of crypto profits.RaceBannon said:The house always wins. Warren on board to protect the establishment. Defi in the cross hairs
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There was a thread here wondering why crypto guys were saying Warren was a tool of big banking
Just a follow up on that
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She is. What the average low IQ dem liberal doesn't realize is that the big banks embrace higher regulatory oversight. It creates barriers to competition and helps eliminate the "not too big to fail" banks.RaceBannon said:There was a thread here wondering why crypto guys were saying Warren was a tool of big banking
Just a follow up on that -
Rule 1
Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want
