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/biz/ - Business & Finance


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22738705 No.22738705[DELETED]  [Reply] [Original]

Hello biz. I have $12k sitting on my bank account. I'm ok for now with my crypto portfolio so not looking to take more risk.

What are the best options for providing liquidity with stablecoins or locking them up somewhere for good returns? I wouldn't mind going 50/50 on ETH/stablecoin if the returns are way higher, but preferably just stablecoin.

Any suggestions? have some OC milkers in return

>> No.22738821

how much risk are you willing to take?

https://yfbeta.finance/vaults.html

has probably the best returns. current APY around 400% i think, which is diminishing as the price drops

risk of rug pull as the dev sees his cash vanish though. could have rugged any time in the past but might just do it now as tokenomics are terrible for the coin and its quickly approaching double digits

>> No.22738903

>>22738821
great advice ranjesh

>> No.22738904

>>22738821
thanks, yeah definitely rug pull risk is not something I'm willing to take, As I said, this would be only complementing my crypto folio so I'm ok with much lower returns than 400% but hopefully much higher than the normie 6-7%?

But again, if a stablecoin paired with ETH gives much higher returns I'd consider it.

>> No.22738973

>>22738705
There's a lot of undefined risk in an option like YFI vault (exposure to multiple layers of smart contracts), but that's probably your best bet for maximum yield without non-USD exposure.

>> No.22738999
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22738999

>>22738705
Why is that man playing with his chest?

>> No.22739003

>>22738904
https://yfv.finance/
think you can get 15% at yfv. think it might go up to 30% next epoch(6 days from now) but im not really sure

yfi vaults give you like 5% and are probably the least risk

>> No.22739008

fUSD

>> No.22739046

>>22738705
fuck all these shitty replies. op, don’t fuck with unaudited contracts. simply convert your 12k into your favorite stablecoin and deposit it into Celsius for 11.55% APY interest.

>> No.22739051

>>22738973
>>22739003
>>22739008
Thanks I'll check it out. YFV tho... governance token down 90% from ATH, not feeling it...


What about providing liquidity somewhere?

>> No.22739068

>>22738999
seems like fun, you should try it

>> No.22739075

>>22739051
https://pools.fyi/ Stablecoins on Uniswap are pretty good.

>> No.22739113

>>22739075
good link, thanks, just what I needed

>> No.22739123

>>22738705
pickle.finance dyor sir

>> No.22739149

>>22739123
not gonna put my money into something named after a phallic vegetable

>> No.22739171

>>22739046
Unironically this is your most risks averse decision.

>> No.22739211

>>22739171
Agreed, Celsius is a good platform, not even shilling. Used them off and on when I roll all cash the past year and a half.

>> No.22739258
File: 1.97 MB, 1918x1078, investing in cElSiUs thottery.png [View same] [iqdb] [saucenao] [google]
22739258

>>22739046
>>22739171

>> No.22739307

>>22739258
what's your point? just because she got some cum in the face that makes her useless and the whole platform unreliable? What are you, 12?

>> No.22739321

>>22738705
that's a man

>> No.22739359

look at the gut on this man

>> No.22739378
File: 27 KB, 343x375, get a load of this monkey.jpg [View same] [iqdb] [saucenao] [google]
22739378

>>22739307
>trusting a company that would employee this person to oversee your funds
really? this isnt a red flag for you? kek, definitely 100% smooth-brained and ngmi

>> No.22739434

>>22739378
I'm not yet going to trust the company, a couple anons recommended it, that's it.
I'll do my own research, but your retarded picture is not going to mean a thing.

I bet you jerked off to that video too, go back to tiktok

>> No.22739449

take a peek at harvest.finance

audits coming soon

godspeed anon

>> No.22739588

>>22739258
>>22739378
>>22739434
I'm actually unaware of this. I know that Celsius complies with New York and London regulations and are as legitimate of a business as businesses get.

>> No.22739663

>>22739434
lol, ok. enjoy the 11% apr on your $12k -- dont say you werent warned.

>> No.22739672

>>22739588
>unaware of this
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>> No.22739822 [DELETED] 

>>22739672
Warned? you are warning me against making money?yes I will enjoy the 11% (hopefully more if I find a better option).

NGMI? I am someone with 12k of literally leftover money that I don't need to pay any debt or try to grow exponentially by gambling on shitcoins anymore. Why? I have a very good shitcoin portfolio already.

Doesn't that tell you something?

Sometimes there is no need to be greedy anon. Sorry but you have no idea who you're talking to.

>> No.22739855

>>22739663
Warned? you are warning me against making money?yes I will enjoy the 11% (hopefully more if I find a better option).

NGMI? I am someone with 12k of literally leftover money that I don't need to pay any debt or try to grow exponentially by gambling on shitcoins anymore. Why? I have a very good shitcoin portfolio already.

Doesn't that tell you something?

Sometimes there is no need to be greedy anon. Sorry but you have no idea who you're talking to.

>> No.22739871

https://medium.com/originprotocol/meet-ousd-the-first-stablecoin-that-earns-a-yield-in-your-wallet-96e7aafaa24e

>> No.22739970

Why not just use oasis

>> No.22740048

>>22738705
OP, again, fuck every single other reply. Celsius was created by the guy who brought you Voice over fucking IP. He knows what the fuck is up.

Feel free to lose your hard earned money by not following my advice, don’t really care.

>> No.22740058

>>22739970
what's the APY?

>> No.22740068

>>22740048
I'm not dismissing it anon, simply staying on the thread and read everyone's opinion.

>> No.22740102

>>22739855
I'm interested in yearn and own the yfi governance token but I don't know how secure your tokens are once on yearn I know that Celsius took a great deal of time and effort to be seen as a serious and legitimate financial firm with the possiblity of issuing shares on the stock market in the future.

>> No.22740129

>>22740068
11.55% compounded weekly on stable coins. 6.5% on eth, 6.0% on bitcoin. biz is full of retards and jeets degenerates. I’ve used Celsius over last year and they’ve only been steadily increasing their apy’s. Watch Celsius networks videos on YouTube. Alex Mashinsky is the creator and ever Friday he does an ama on yt. Every other platform (blockfi, Coinbase, etc) who offer rewards only did so because of Celsius. They are the leader in this space. Watch their videos and you’ll be sold

>> No.22740651

Youhodler is good but their withdrawal fees are atrocious.

>> No.22741003

Check out mStable anon. Currently sitting at 25% APY.

https://app.mstable.org/save

>> No.22741493

bumping cause this thread is more useful than all the shitcoin shilling on biz combined

>> No.22741560

>>22741003
>>22740651
Celsius also has 0 withdrawal fees for every coin. You can even take out a USD or USDC loan at 1% against your crypto. Thats unheard of anywhere else

>> No.22741758

>>22739258
lol

>> No.22741832

>>22738705
stablecoin like mUSD of DMG fame?

>> No.22742441

If you don't see that celcius is a ponzi scheme you are an idiot. I provide usdt usdc liquidity on uniswap with my spare bux for around 14% gains. Hope usdt and usdc remain stable tho

>> No.22742637

>>22742441
If you can’t spell you probably deserve to stay poor

>> No.22742978

>>22742637
Looking forward to seeing your post here when Celsius collapses and you lose everything for a 10% return.

>> No.22743014

Idk, i would invest in chad NFTS

>> No.22743047

>>22738705
Don't bother. Get into something like DIA and hold 2 years.