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21815159 No.21815159 [Reply] [Original]

I have been holding my linkies and a few assorted shitcoins since 2018 and stopped following the latest pnd flavors of the week...

i totally missed the whole DeFi craze and yield farming shitcoins...

pls help me get back in the loop frens

>> No.21815185

YAM

>> No.21815201
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21815201

>> No.21815206

it's basically the fractional reserve banking scam but without daddy gov to back it up if it goes bust

>> No.21815216

>>21815159
>missed defi
4-5 billion mcap not counting (((link)))
Barely started. Read the statera whitepaper

>> No.21815253

well, imagine staking but with your shitcoins.

>> No.21815354

>>21815206
how does this work in detail?
i deposit $10 worth of ETH and receive $100 worth of a yield farming coin. How does this make sense?

>> No.21815363

>>21815216
why is it crashing down anon?
>>21815253
how is the staking return generated, it can't come out of thin air right?

>> No.21815447

bump

>> No.21815543

check out bit dot ly slash stavids to see how statera pools work

>> No.21815610

>>21815543
thanks. any more links or breadcrumbs?

>> No.21815740

>>21815159
Ponzi scheme

>> No.21815777
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21815777

>>21815610
just that the future is very bright and you should do your homework on this token

>> No.21815794

>>21815201
Who is this?

>> No.21815960
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21815960

>>21815159
it's simple, really

>> No.21815982

>>21815777
Oh baby it's a triple

>> No.21816050

>>21815159
Yield farming is a meme, returns are abysmal.
If you want good returns you need to stake absolute shitcoins that might dump the next day.
The FOMO is just about stories that are 1 out of 1000s.
And the flashloan exploits were just done by a couple of people, you think people were flashloaning millions left and right everyday?

>> No.21816073

>>21815159
it’s just another scheme, more subtle than ponzi, but equally effective to steal your money

>> No.21816105

>>21815777
why are you geh?

>> No.21817139

>>21815159
basically hot potato
everyone dumps his cash into a pool until 1 anon decides to pull the plug and cash it all out
all the others then are left behind with a worthless shitcoin

>> No.21817207
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21817207

>>21815159
Who is she?

>> No.21817240

>>21817139
Wait, can't you farm indirectly using another coin? Say Chainlink for YFI ?