/biz/ - Business & Finance

>>26176032
I don’t get it

>>26176032
If I remember correctly I think b z o n a c c i had about 100k LINK at one point.

>>26176032
>he doesnt have a indoor shrimp farm and part time garloid baby sitting
ngmi

>>26176032
My wallet isn't cold because I keep it in my pocket

>>26176032
>>26176130
I think what mr bangladejsi is trying to say is.... you have link instead of currycoin the newest high tech innovation straight out of unite of state

>>26176032
What is the catch with converting LINK to aLINK and putting it in a yearn vault?

how does it work? how many times per week do you get paid, or how does the payout work? didn't want to get into it cuz the taxman will probably want his cut on it, like with mining, and then i'd have to keep track of all that stuff and calculate tax. in my country any profit from mining they want 30% of, then they want 30% of it again when you cash out to fiat lel

>>26176164
probably why he offed himself

>>26176032
Can you even get some passive gains with a meager 5k LINK stack?

>>26176219
risk

>>26176312
I get around 5 link a week staking 6k link on Celsius, so you'd get around 4.5 a week. It's a nice £80 weekly payment for me.

>>26176365
Risk of what though?

>>26176413
Risk of the contracts being compromised or the owners of the vault being insolvent

>>26176312
Companies like Celsius and Nexo will give you like 5%+ APY. I use Blockfi for BTC and ETH.

>>26176413
pic related

the point is your LINK is extremely valuable in the DeFi world... deposit it in aave borrow stablecoins and GET TO WORK
>>26176219
free link tokens
try it with 10-20% of your stack and get a feel for defi firsthand.
Of course it takes time to adjust to the new financial technology but start learning now because its not going away.\
The risk is a major smart contract failure but now that these things have been battle tested and audited the safety is increased.
>>26176312
you can either earn roughly 10% interest on your link or just take out usd loans and add 2-3k link to your stack
>>26176497
dont use CeFi used fucking defi you halfwits

you want easy mode?
>deposit 5k link to aave
>take out loan for 40k
>buy 2k more link
>deposit those to aave
>liq price is $7.7
hell go to 30k loan for 1.5k link if you want a sub 5 liquidation point

>>26176387
>>26176497
Aren't you guys afraid of getting rugged tho? Not your keys not your tokens and all of that?

>>26176653
What's the interest on that loan?

and you know the great thing about aave liquidation if in the worst case scenario it happens?
You only lose 5% unlike on a Cex where you lose it all
the liquidators just pay back your debt (by converting your collateral to your debt token) and take a 5% fee off your collateral

>>26176679
roughly 10%... interest rates are relatively high right now in defi because things are mooning so everyone wants to borrow usd to buy shitcoins
The thing is 10% is in reality very little in the crypto world

>>26176679
Celsius is, as far as anyone can tell, pretty legit. They've much more to gain through providing a service than scamming. That and their ties with Chainlink are reassuring. I don't have my entire stack on there, but that's just for my personal state of mind.

>>26176679
you keep your keys on aave

>>26176387
>Is in charge of your LINK

Anon I...

>>26176871
>she was fired months ago
Do try to keep up

>>26176886
The fact that she was even hired in the first place and allowed to remain on board for however long shows how cucked and retarded the management is. With that said I don't think Celsius is gonna rug their customers anytime soon.

Isn't there a risk that this yield farming thing will collapse one day?

people using centralized finance instead of DeFi are inferior... there is no arguement they are lesser human beings either too unintelligent to learn how to use defi or too lazy. Either way its best to ignore them.
If you are browsing this site you can take the time to learn how to use DeFi. Then you dont have some scam company as a counterparty risk.
There is no argument to using CeFi over DeFi unless you are a boomer that cant copy and paste an eth address . Anything else is pure cope

>>26176772
Interesting, I'll try to do some reading, overall I'm a fucking pussy in regards to risk.

>>26176847
Wait what? If I keep my keys, how are they taking any advantage of my LINK?
I really should read up

>>26176766
checked, but also oof, good luck man. If I tried that I'd get burned instantly.

>>26176413
>fucking zoomers weren't around the DAO clusterfuck

>>26176847
still comes with the risk of the contract being compromised...it's happened before and could happen again

I sold 1000 link today.

>>26177055
when you deposit you get an a token aLINK or a USDC which are redeemable 1:1 with their normal counterparts. the amount increases every second based on the interest rate, same thing for borrowing, your borrow 1000 aUSDT at 10% apy and as long as you stay above the liquidation threshold nothing will happen

Tfw have 40,000 linkies but too nervous about contract bugs or flash loan attacks draining whatever lending protocol I put them in

>>26177262
thats why keep it in cold storage for years

What if I convert some stinkies to something with high APY like SNX deposit them to Celsius and then trade back to LINK? Is this dumb?

>>26177045
the problem is 99% of the defi getting mentioned on /biz/ are pajeet scams and some of us don't have the time to investigate every shitcoin before farming it.

>>26176210
no, retard, he’s saying you could be earning yield on your LINK or using it as collateral

I don't get what 10% yield are you guys talking about. LINK yield on aave is 0.01%.

Also what's the point of borrowing USDC and buying LINK? Can't you just go margin long on binance instead?

I took out a loan with my link stack as a collateral and invested more link

>>26177965
HOW DO I DO THIS

>>26176184
based and pocketpilled

>>26177965
>do this 10 more times
>become literal billionaire
>pay back the few 100k debt

>>26177965
please sirs help sirs

>>26178179
A small loan of 1 million dollar

>>26176032
Link is defi retard

>>26178005
>>26178185
help pls

>>26176130
>all one liners are so profound as to be self-evident
>OP's owner is trying to persuade you to prop up the ponzi contracts they're invested in
>you will do this because all one liners are self evident and you know you are human garbage because if you question him you are never going to make it
OP is a fag.

>>26177262
then try it out with 2k link to start?
aave is pretty battle tested it survived the crash in march with no problems
it is unironically secured by ari so you should trust it
>>26177965
this unironically made me a millionaire
when i margin trade on echange i always lost

>>26176963
Andre was shocked his was still going back in September.

I have 120k and I have no clue what I am doing. Just been sitting here for three years with this stack

>>26179998
What are the risks if you do that? If I deposited 1k link and borrowed like 2k link whats the worst that could happen