/biz/ - Business & Finance

No catch. Curve is based like that.

You're farming a token that may or may not make it in the future.

>>55661158
>USDt
>t
Is that regular $USDT or is it something else? It's abnormal for it to be written like that. Be careful anon.

>>55661158
Bullish

The catch here is that you're betting on Kava actually doing something that could multiply your yield. It's almost like investing and holding.

>>55661169
It used to be better. Not that much TVL in most products anymore.
>>55661176
>OP buys counterfeit internet dollariroos
That would be pretty fucking funny.

>>55661176
It's just a stylized way to say Tether, dude.
There's literally not much else to it

>>55661178
Bullshit*
Fix'd

>>55661183
It's crypto winter so it shouldn't really surprise me that much. No surprise people don't wanna farm shit these days when there's so much fud going on

>>55661176
>>55661184
No you fucking morons, tether gave Kava native USDT tokens but they are still delivered in wrapped form. You need to transfer it to an ATOM-native platform in order to redeem. I don't think slippage will be a problem since it's a stablecoin anyway.

>>55661183
>counterfeit dollars
That shit reminds me of a darknet site that supposedly sells counterfeit dollars at a discount. Never tried it because it just sounded like a textbook definition of a scam

>>55661184
Just saying it looked a little fishy is all.

>>55661158
>kava
Based as fuck. Unironically the only good thing cosmos has going for it at the moment (alongside osmosis). In fact why not stake in Osmosis in the first place I bet you'll get even better rewards like that.

>>55661213
Woah there someone here is mad that not everyone is instantly aware of his obscure yield farming trading pairs like we're supposed to be looking at what's going on within atom 24/7

>>55661171
>decent yield returns + incentives for developers
>TVL increasing since like a week ago
I'd say it's gonna do fine

>>55661176
>>55661184
i'm staking this exact same shit in equilibre and there's no issue. you can also turn USDt to USDT right there right after claiming. It's better that way. Though I think this Curve pool has more tvl

>>55661218
Everything looks fishy to me. Never trust whatever you see in here. Always doubt and complain if needed.
>>55661247
What incentives do they offer relative to Curve's?

>>55661238
I'm trying to explain how it works holy shit

>>55661246
>>55661235
Exactly what I think - ATOM has been static as shit for too long. Kava is at least trying to bring in new blood and projects into the whole ecosystem. In fact I'm fairly sure rewards will lower soon enough once more people become atom cultists.

>>55661158
That percentage is outdated nigger lol

>>55661158
>What's the catch here?
You will be staking in a bear market. Have fun trying to panic redeem and having to go through aaaaaall the usual deposit processes + paying fee + waiting for validation etc etc etc if things happen to go wrong. Wouldn't wish that upon my worst enemy desu.

>>55661268
God please no. Anything but that. I don't want this board being spammed with Cosmos threads the same way it does with LINK.

>>55661158
I thought MiM was a scam this whole time. It's presentation is complete dogshit. I'm surprised it lasted this long.