/biz/ - Business & Finance

>>26351093
don't care, made $100 today from staking stables, if they keep on making me money at this rate they can do whatever the fuck they want, go fuck yourself OP

>>26351317
dont get it why is aave better than compound, i mean i think it is
but why and how did they do it

>>26351630
>rative every bull-run? These governance tokens are just the latest way for devs to raise money without regulation- they're securities. AAVE does not correspond to the protocol at all- its branding and voting rights for fags
>Defi is just the ICO craze rehashed lmao, but when should we short their tokens?
because flash loans

>>26351671
>because flash loans
the fuck did you just call me
no but seriously, what?

All dApps parading as tokens are like this though. Same with UNI or YFI.

>>26351093
>Defi is just the ICO craze rehashed lmao, but when should we short their tokens?
>random shitcoin shilling
>financial instruments bringing fixed income to crypto
>not seeing the difference

come on anon

>>26351694
>why is aave better than compound
>doesnt know what flashloans are
kek

>>26351630
why not just use a managed strategy? No need to micromanage your shit. YFI seems legit.

aave or snx? thoughts

>>26351317
Nononono. Read my post. The Aave protocol is fine. Just dont buy $AAVE the token

>>26351829
Both. If you believe in one you believe in the other.

>>26351848
you're a fag cause you didn't bother to actually get my post through your retarded skull
let me explain for niggers like you:
if they find ways to make me more money i don't care if they do it through voting system based on ownership of their token
do you understand it now, retard?
no i don't own aave, cause i'm too much of a retard to understand it

>>26351930
agreed
in my case, I only have about $3.5k in each
thinking it might be better to pile into one
hard to choose

>COMP
>AAVE

lmao imagine buying DeFi governance tokens instead DeFi tokens that actually do something

>>26351317
>>26351671
>>26351743
>>26351753
>>26351829
CUNTS read my post- the problem is with governance tokens not the protocols. $AAVE, $SNX, $UNI, $CRV tokens are all gonna get fucked up the ass by SEC for being securities- the protocols themselves should be unaffected. These devs are just manipulating the concept of governance tokens to raise money without regulation- exact same as the ICO craze. BE CAREFUL if you're a newbie this is how you become a bag-holder from chasing micro/smallcap pumps

>>26351630
One big reason that aave is better is that aave is using chainlink oracles. Compound had a massive oracle failure a few months ago that resulted in over 100 million$ liquidated.
https://news.bitcoin.com/100-million-liquidated-on-defi-protocol-compound-following-oracle-exploit/

>>26351317
How much did you have to lock in to gain $100/day?

>>26352022
exactly, but a lot of protocols, dAPPS etc you cant actually invest in directly (hence my post being about AAVE) so people just buy the governance token cause they're dumbcunts

>>26352070
Check the APY for stable coins on DeFi platforms, then calculate it yourself you lazy fuck.

>>26352121
Yes boss

>>26352027
>$AAVE, $SNX, $UNI, $CRV tokens are all gonna get fucked up the ass by SEC for being securities
fuck off retarded fudding nigger, you don't even understand how to tell apart security from utility
go short something else
>>26352070
busd spiked to 100% apy yesterday and kept at if for half a day so i made that with 30k staked, also have 20k dai staked and its been a stable $10 a day so far
waiting for new andre token release so i figured staking is better than just holding stables

>>26352121
APY is yearly.. .right?

>>26352259
gas fees suck thought, right?

>>26352325
took me like $5 to deposit 2 weeks ago, now its probably around 15 something obviously you won't make enough to pay gas fees with something like $1k, but i don't think you should be staking that anyway

>>26352292
Apy is per hour

>>26351630
They use chainlink oracles. Compound doesn't and someone exploited their crappy oracle.

>>26352292
yes, but its compounding every tick, so if you have something like 10% apy in reality it would be more 12.7 something or w/e the golden ratio was

>>26352259
suck my cock fuckwit. you're gonna be a bagholder like XRP shills and people that got fucked by ICOs in 2017. Utility tokens dont let you vote on the protocol

>>26352560
>and people that got fucked by ICOs in 2017
fuck off newfag

>>26352560
Okay fren, what exactly makes DeFi tokens securities?

>>26352560
AAVE has been accepted and regulated under the British Financial Conduct Authority and receieved full clearance for token distribution and e-banking.

Your FUD is fucking pathetic, Aave is a London registered company not a yank corp like XRP.

>>26352816
im not saying they bought at the offering dumbcunt

>>26352895
Howey test
Investment of money- yup
Common enterprise- yup
Profit expectations- yup
Dependent on work of others- yup
Look up security tokens vs utility tokens too for crypto specific applications. This shit is so clear lmao- just waiting on SEC news then you should be able to short them like XRP

>>26353242
Remind me why i would give a single fuck about what they are doing with the brits? Why would that set a precedent in the US or any country that could affect Defi
https://decrypt.co/37338/is-decentralization-the-answer-to-defis-sec-problem

>>26353446
>Investment of money
How is this different from BTC?
>Common enterprise
It's not. It's a fucking voting token.
>Profit expectations
Wrong again. There is no expectation of profit. There is an expectation that I can change the protocol.
>Dependent on work of others
Again, how is this different from BTC?

>>26353446
>Investment of money- yup
eth isn't even considered as a currency its a commodity
>Common enterprise- yup
retard
>Profit expectations- yup
show me where they state you will recieve profit, xrp getting fucked over because they said multiple times investors are guaranteed to make profit
>Dependent on work of others- yup
>decentralized governance
how fucking dumb are you?

>>26351093
Yes short defi good plan

>>26353810
>>26353854
>Investment of money
Shut the fuck up retards. This is obviously a property- it needs to fit them all tho
>Common enterprise
SEC has already stated for Defi. They have to be 'sufficiently decentralised' for this point- its been discussed fuckwits. And guess what!!! Aave is not yet. This is the main point of argument rn if you fuckwits still want to carry on
>Profit expectations
SEC say this is a property if it's available on secondary trading markets- it does not matter if you receive the expectation of governance too dumbcunt
>Dependent on work on others
There is literally a dedicated Aave dev team working on the protocol and improving. Easiest point. HQ makes it look worse

gg you uninformed, uneducated retards. suck my 7" peepee

>>26353730
>>26353446
>>26352560
>>26352113
>>26352027
>>26351848
Also you as 0 token holder can literally propose any chandge to protocol in aave and comp and if you get votes it gets implemented how the fuck is that dependent on work of others?
Also show where they made any promsie of returns ?
Also you dont have to invest anything to use platform
Also are you by any chance nigger white man cant be this dumb

>>26354974
>suck my 7" peepee
post dick or a lying faggot
>rest of your shit
brainlet fud that you just googled for an hour for

>>26351093
Whose excited to start farming rAAVE?

>>26355437
cunt i was saying the same shit back in August when Defi pumped. I said stick to the real products BTC, ETH, LINK for the next run and i was right. Stay poor fuckwit

>>26355004
Read the thread then kys
bonus for you https://cointelegraph.com/news/could-compounds-governance-token-comp-be-deemed-a-security/amp

>>26355744
>I said stick to the real products BTC, ETH, LINK for the next run and i was right
so i get it you're a 3 inch dicklet newfag?

>>26355744
>Read the thread then kys
OH NO THE COINTELEGRAPH ARTICLE
learn how this shit works what is comptroller in comp and shit lol
You reek on brainlet seething on everyone else getting rich while he cant figure stuff out LMFAO

>>26355881
>>26355979
cope

>>26356176
show cock or lying bearcuck