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21890624 No.21890624 [Reply] [Original]

Wtf is this shit?

2017 ICO fag here I literally don't understand what any of these means

do you niggers actually earn link by doing a bunch of token swaps? how's that not a scam?

>> No.21890712

>>21890624
>link drops 8% and you end up withdrawing a bunch of worthless yaLINK tokens

yaLINKs gone

>> No.21890738

>>21890624
>I literally don't understand what any of these means
Good, make sure it stays that way or otherwise my profits would be diluted

>> No.21890757

>>21890712
That's what I figured

if it sounds too good to be true, it probably is

>>21890738
Show proof that you're earning links by doing this shit.

>> No.21890796
File: 9 KB, 536x102, alink.png [View same] [iqdb] [saucenao] [google]
21890796

>>21890757
>Show proof that you're earning links by doing this shit.
57% APY on my Link stack.

>> No.21890800

>ever putting my coins in this gum and toothpick contraption
yeah no thx

>> No.21890822

>>21890624
It's using defi for what banks do everyday. Link is used for collateral to do yeald farming in the forms of liquidity pooling, further loaning and protocol rewards. You make money from interest, exchange fees and from how some protocols reward certain token holders.

>> No.21890834
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21890834

>>21890712
>yaLINKs gone

>> No.21890838

>>21890796
try some of these.
https://uniswap.info/pair/0x6EdF66D04d5ED3357102ed8605b62752F740b598

its the tarzan and jane of crypto just swung in on the vine this morning

>> No.21890845

>>21890796
why isn't LP fucking dumping then? this shit literally kills LP

>> No.21890905
File: 5 KB, 250x200, 1597925457538.jpg [View same] [iqdb] [saucenao] [google]
21890905

>>21890796
Are you risking real Link, to generate fakeLink?

>> No.21890977

i don't doubt you're on track 57.77% a year
the criticism of this is it has a lot of moving parts any one of which may contain flaws
like dai risks
the chance of losing all your link probably approaches the yield
plus effort
would rather just hodl and make it
if yields persist natural price of the coin will rise anyway

>> No.21891051

>>21890624
Steps 2 through 5 are automated for you so it's easier than it looks

>> No.21891098

>>21890624
Whether you participate or not this is bullish af for everybody. It reminds me of when Poloniex and Bitfinex margin lending were taking off in early 2017

>> No.21891358

>>21890845
not really since people who bought LP are waiting for the real LINK staking to take off. I think they are banking on linkpool holders getting priority to put their LINK up as collateral in corporate nodes. It's up for debate whether that's true or not

>> No.21891964

>>21890624
It's a game of hot potato

>> No.21892660

what stops me from using link as collateral on aave, lend dai then buy more link, desposit back into aave for alink then convert to yalink and use the yield to pay off my principal? or even if you just bought a staking coin like matic and used that for yield and paid off ur loan that way? whats the risk?

>> No.21892739

When banks do this, it’s called re-hypothecation.

Collateral for loans, which then become collateral for more loans.

>> No.21893056

>>21892660
the yearn vault pretty much automatically does this. It just buys more link with your yield