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/biz/ - Business & Finance

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23599623 No.23599623 [Reply] [Original]

I have 9,700 LINK rotting away on my ledger
Is there any place I can park this LINK to generate more LINK without risk?

I'm guessing AAVE, COMP, YFI, Bancor, etc
Which protocols do my fellow anons trust enough with their LINK stacks?

>> No.23599684

>>23599623
Park it on Binance, that would be at current rates bit less than 1 Link per day. If okex resolves its withdraw issues interests could go back up and you could make about 3 Link a day

>> No.23599757

>>23599684
I don't feel comfortable trusting a CEX with my LINK. Also i'm a burger and technically not allowed to use various exchanges, obviously I still do with a VPN but I don't want a possibility of being locked out of my funds if i get caught

>> No.23599889

>>23599757
All has its risks, Cex in the case it goes belly up is forced hodling and lawyer costs while you could argue in court for interests.
Defi is always total lose risk and by the nature of most interest bearing products it comes with the risk of imper loses, which is very real with a volatile asset like LINK, and aave simply sucks since you can use Link as a collateral for stable coin loans on binance. Also sorry, Binance is at 10K 0.1 and okex 0.3 Link per day. 100K is a link per day

>> No.23599970

>>23599623
Celsius looks pretty good you can get 4% back on LINK, but it is centralized to a large degree so I would not put more then 20% of your link on there. 2K link will earn you around 100 LINK every year and it compounds every week.

>> No.23599998

I literally will not risk my stack of links at any cost. They will sit in the freezer until staking comes out.

>> No.23600084

>>23599889
>0.1 per day at 10k link
Bancor nets me 1 link per week on a 1600 link deposit and it protects you from IL if you park it there long enough.

>> No.23600128

I made 150 link on yfi within 50 days
and used alink for that
then the returns went to shit and now have a 10k stack on aave wich is also shit
Thinking what to do with it as well
maybe aave for a while, not sure about binance, because dex...

>> No.23600480

>>23600084
The first post was right. It is about the same, Bancor is at 3%, same as okex was for the most time and Binance is currently at 0.66%. But at each his own, if you want full risk go to Binance chain and stake some obscure 50K liquidity pool and make 5K%apy, I stay on my cexes

>> No.23600568
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23600568

>>23599623
>Deposit on Aave
>Borrow a SAFE! amount of a stablecoin
>Swap stablecoin for more Link
>Wait for moon
>Pay back the Stablecoin loan + APR with small part of your profits.

>> No.23600635

>>23600568
I'm thinking about it. Worried about stock market collapsing and it spilling over into crypto though.

>> No.23600699

>>23599998
This. There could be a financial apocalypse coming and I wouldn't want to be leaving my Linkies with a bunch of crooks that could go bust and disappear, or have its assets seized, or any number of unforeseen things.

>> No.23600721

OP dont be greedy, your 9700 stack is good just sit on it and wait for staking. Its not worth the risk of losing it, especially with the corona threat shutting down economies

>> No.23600832

yalink

>> No.23600859
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23600859

>>23600635
Its why I emphasized Safe.The bulk of stock market bloat comes from Boomers throwing their money into Index funds, which in the case of full collapse have little to no bearing on Crypto. Crypto's biggest source of bloat/point of failure comes from Tether, so borrow that, if Tether or the dollar collapses your loan becomes pennies to pay off.

>> No.23600948

OP did not sell at $20