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/biz/ - Business & Finance

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File: 32 KB, 844x436, Screenshot_2020-07-02 Compound Stats, Charts and Guide DeFi Pulse.png [View same] [iqdb] [saucenao] [google]
20064384 No.20064384 [Reply] [Original]

the fuck is this, why did $500 million in ETH, BAT, and USDC enter compound over the past 2.5 weeks

>> No.20064507

Cus DeFi is the new meme on the block.

>> No.20064528

to make sitting money work for you

>> No.20064566

>>20064384
It's bait and switch. U gain confidence and after a while they exit scam. BAT because Reddit loves this coin

>> No.20064696

>>20064566
>BAT because Reddit loves this coin
Reddit been capitulated BAT. Go check the subreddit it’s nothing but Pajeets crying over losing $8 of BAT. There’s like 2 faggots who posts news and the threads get 0 traction and upboats.

>> No.20064709

>>20064384
Because it could

>> No.20064727

BAT lending was paying almost 25% annually which is fucking bonkers, it's probably leveled out somewhat after all that liquidity

>> No.20064742
File: 10 KB, 1013x79, Screenshot_2020-07-02 Compound Markets.png [View same] [iqdb] [saucenao] [google]
20064742

>>20064727
simply LMAO

>> No.20064748

Compound slowly dumping because people are locking away their free BAT tokens

BAT will moon soon because of locked supply

>> No.20064756
File: 849 KB, 758x802, 1579398493534.png [View same] [iqdb] [saucenao] [google]
20064756

>>20064742
>>20064727
first rate is lend second rate is borrow

>> No.20064800

>>20064756
14% still blows high risk savings accounts out of the water. I'm a poorfag so I am better off chasing moonshots, but if I had real capital I would for sure keep it in BAT on COMP, Jesus H. Lord

>> No.20064830

>>20064800
i just want to know why 90% of the BAT pool is lent out, why the fuck is there so much demand for BAT ON CREDIT

>> No.20064835

>>20064800
its 13% now, but yeah... it's a sick yield

>> No.20064892

>>20064830
This is a good question. The way I see it though its a good thing and having some exposure to BAT is definitely a good idea

>> No.20065323

>>20064830
>>20064892
Not having exposure to BAT this late in the game is a bad idea.

When it comes to investing being early is just as bad as being wrong. I dont think BAT is early or wrong anymore.

Currently dormant BAT whales are farming COMP tokens on compound. You get them for lending or borrowing. People are just borrowing back the tokens they lended and farming COMP twice as much. Some people are even lending out the tokens they borrowed for even more yield. Some pretty big leverage but theres half a million dollars worth of COMP up for grabs every single day. This has been going on for nearly two weeks now and some people are making tens of thousands of dollars each day. Once they are done they will buy more BAT to pay off their loan and just go back to waiting. I have a 150k BAT stack that im lending with and im earning about $55 per day. I could get way more yield or put up more BAT but it just increases the risk factor.

>> No.20065626

>>20065323
Same but with 30k bat and 15btc. Making hay while the sun shines