/biz/ - Business & Finance

If you're hodling, minus well earn more Linkie's while doing it

Yes I'll risk my linkies on some random ass exchange for 6% a year. Go fuck yourself.

>>16962623

Check the audits


https://github.com/mattdf/audits/blob/master/bZx/bzx-audit.pdf

>>16962598
non custodial?

>>16962696


yes...non custodial

>>16962598
Why would they give me more linkies?

The LINK lending APR was up to 17% last night lol

sounds too good to be true, whats the worst case scenario? can't they just run away with your stinkies?

>>16962603
> minus well
Shoo fly don’t bother me

>>16962855
>Worst case..
The normal case

>>16962855


you're LINK go into a smart contract and you get Fulcrum iLINK token in return...which can be redeemed at any time or sold on any DEX

>>16962902

Discord trannies are not allowed.

>>16962904

so you get a worthless token in change of your stinkies? again why is this such a great deal

>>16962904
And if no one is buying iLink on 'any DEX'?

>>16962779
Are they using a decentralized oracle to feed their contracts with secure and reliable data inputs? Otherwise I'm not interested

>>16962598
i borrowed 100k link
when link hits $1k, i will cash out, keep the cash, and return the link + %6.3546 of my earnings
fool proof
you're dumb if you don't do this

>>16963141


You unlend on the fulcrum site duhhhh

>>16963151


Yes. They use Chainlink

>>16963115

DeFi noob alert!

>>16963356
I'm interested in this but you have to understand us being skeptical. A lot of us have large amounts of money at stake. Some linklets report back to us please.

I hope corona chan gets all of you chinks and pajeets and I hope it is unbearable pain and suffering.

>>16962598
youll never get my links. ever.

>>16963356
pls explain like I am a complete retard. I jealously hold my links.
>t. am complete retard

has anyone margin traded on there? was going to try 4xlong.

>>16963555

-Lend LINK
-Receive iLINK token in return
-Redeem your iLINK any time for your original LINK (unlend)
-All APR interest earned during lending is yours to keep.

>>16963873
literally the same fucking shit as bitconnect, the perfect setup for an exit scam... this fucking "defi app" has no demand, no real volume, who the fuck would ever pay you that much money for lending your link... if you do that, you will probably never see them because a) there's no link in the reserves or b) it's legit but has 0 fucking liquidity. either way you're fucking retarded.

>>16963920
im not that faggot but it uses a smart contract. Your not sending your money to some guys private wallet

>>16963920
in LINK's current form, the only reason to borrow link would be to trade. So either people would use this as a silly type of margin trading or more likely, stack two different margin trades on top of eachother. This will end in pain for many people on both sides (and possibly the creators).

This type of thing might have use once staking comes out though. Imagine you are motivated and knowledgable. You have the connections and vision to bring new types of data to the chain. So you go out and borrow a bunch of link tokens from a lazy neet. You pay him some interest while you earn more running a profitable (useful and secure), trusted node.

>>16963920
This seems like the perfect scam. Give a higher APR than others to amass a lot of stinkies and then some fucking "bug" makes you lose all your stinkies.

stop depositing your LINK, the APR % is decreasing because of this!!!!!


WHAT HAVE I DONE!#$#$%&^%^
NOOOOO!!!!!!!!!!!!! MY APR%%

This is thread is proof defi will never catch on. No one trusts these guys. No one wants to be the next bitconnect and no one is going to drop their 6 figure stack of link on some literal who's.
It doesn't actually matter if their smart contracts are secure and audited. It's all about perception and trust.

>>16964328
Faggot you’re shorting 4x aren’t you? I pray you get a green dildo up the ass

>>16964372
Except linkies are the lowest iq group right next to iota and xrp. They are just afraid of things they don't understand and are going to follow the herd eventually.

Or you can stake Algorand for 16% APR directly on Binance...

>>16962855
they will turn your linkies into shadow link without you noticing before its too late

>>16964372
so then whats the point of using chainlink in general then?

>>16964387
but then you're stuck holding a shitcoin

Seems completely legitimate.
Lent my 88k linkies your way :^)

>>16963141
Fulcrum exit scams

>>16963873
>Borrower gets you stinkies
>dumps them
>sells high
>buys low
>you panic
>unlock your stinkies
>they are now worth 50% less

congrats you played yourself

>>16962598
Doing this in Germany increases the taxable time frame of all crypto currencies from 1 year to 10 years...
I prefer to keep it with no interest and have the possibility to sell a small part of it in the future tax free.