/biz/ - Business & Finance

>In order to borrow your Available Digital Assets and pay Loan Fees to you, Borrowers, their affiliates or their respective service providers may require certain identifying information from you. You authorize Gemini to share with Borrowers your Gemini account information and personally identifying information hereunder solely for the purposes of facilitating Loans and paying Loan Fees to you. This information may include, but is not limited to, your name, date of birth, and state and country of residence. Borrowers may store, access, transfer or use your personal information differently than Gemini.

yup no fuck that

Never remove you linkies from your possession

>>27566086
link will grow faster than loan interest

>>27566285
There's also the fact that a third party has custody of your tokens, and that YOU are completely liable if they somehow fuck up and lose them all as per their agreement.
Still, that 4.5% does sound nice, and would be an extra $16,000 a year for me.

>>27566414
you still get link gains, and can withdrawal at any time.
>>27566285
that is sketchy..
>>27566337
absolutely, but when LINK is 50$, the interest payout to me will be >100k/yr at current rates. How else do I cash in on that easy financial freedom?

>>27566499
You think there will be more "safer" options in a few years? I could lock up like something like 10k link and see how much apy it could yield. That $16k would be more than enough for me to subsist one year without working

>>27566499
i'm not even worried about that that much honestly. gemini wouldn't loan out link to institutions or market makers that don't have the funds to cover if they lose it all. it's just to cover their asses.

>>27566285
Yeah fuck that.

>>27566086
nobody is getting my linkies.

>>27566285
Holy fuckballs. These people are jewish for sure.

>>27566285
nigger what? yea were gonna give your info to (((borrowers))) goy just trust us

>>27566337
Hands of iron halls of gold my nigger.

>>27566664
Seriously bro. I just want LINK to pay my bills without selling the original stack.

>>27566664
I hope so, but staking will also *probably* be live by the end of this year, and providing collateral as a node operator or in a pool could potentially be even more lucrative.

>>27566664
>>27567374
the fags over at linkpool said they're gonna have something before staking is even released... I think it starts with LP holders then they open it to losers like us

>>27567374
>>27567312
>>27567490
>I just want LINK to pay my bills without selling the original stack.

It feels good to even think about it, doesn't it

I've already cashed out $250k from Link and I still have top 1000 wallet left. I just want to stake/apy like 15 to 20k of my Link and perhaps keep something like 10k to 20k in case ready to sell if it starts to go full moon.

I'm already approaching extreme comfy levels that only Link oldfags can know (who bought under $1). Yeah, I think we are going to make it

>>27566337
Never selling.

Wtf is staking

>>27567899
>tfw low 7 fig hell
>millionaire but broke
>just want 4.5% risk-free

>>27566285
What possible purpose could sharing this information have? Is there any legitimate reason for this to be necessary or desirable?

I have been looking into this recently as staking FOMO has been getting to me the past few weeks, and I am concerned about the long-term capital gains tax implications. It seems like some of these custodial lending programs will not realize the gains, while doing token swaps on DEX lending pools will immediately trigger a gain realization (honestly not really sure if this is how it works when you lend on them though desu). I've been playing it by the books on taxes to avoid IRS rape, so for any other good boys into staking what has been your take on this?

Also, aside from Gemini's 4.5%, Celsius is currently at 4.51%, Zeus Capital (Nexo) is at 6% and Bitfinex at 3.84%. Well after the insane earlybird lending rates last year I am still seeing recent claims of bookoo APY on Yearn (via yaLink) and some of these lesser known DEX/DEX-likes such as Bancor, but Bancor for instance is only listing an APY of 1.41% on LINK (assuming you even get into the pool), and if Aave has a current APY of 0% I don't understand how you can make money through yaLink unless you already own it (could be mistaken here though, I'm under the impression you earn interest as aLink rather than swap for it upfront). How exactly do these token conversion games go down for something like Bancor (aside from staking BNC after receiving payouts)? Are people using loans to get a hold of some of these convoluted derivative tokens for increased APY? Likewise, are the gas fees factored into the current APY for these DEXs?

>>27566086
I don't get celsius and gemini. There is no reason to park with them when n xo gives me .5 more

can someone please see the future and tell me when Link will hit $50?

>>27569858
>just want 4.5% risk-fre
Those are called bonds.

>>27571728
U fucking nufag. 4.5% paid in link, then link appreciates in value on top of that, and u don’t have to sell and incur taxes.

>>27569858
Even if CB doesn’t run a node, hard to see them not adding link to CB earn, if Gemini is getting in the game.

>>27566086
Seems like an appropriate thread to ask: I'm a crypto newb waiting for link to go sub $20 then I'm buying in. Is there any particular reason why I shouldn't use Gemini? Considering it's the only crypto exchange approved by actual financial institutions in the US it seems way more secure than just getting a metamask extension on brave and dumping money into it.

>>27572587
yeah gemini is a good fiat to link converter. but I've been watching for sub-20 and I think 30 is gonna happen before then
>>27570261
I don't trust Zeus after their smear campaign. don't trust Celsius with my LINK either because of that porn whore
>>27570256
I am also afraid of tax rape from all those farming schemes. I don't think gas fees are factored into the APY's.

>>27573579
Damn the Zeus fud campaign. Those were fun times

>>27573991
That campaign was how I knew LINK was headed to the moon. Loved the attention

>>27573991
honestly i have to give props for them making a 60 page FUD piece top fucking kek

Also been looking into best place for my LINK, Gemini I would trust. Fuck nexo etc though. But I have 0.8LP so think will just wait for them at this point.

>>27566086
>>27566285
try nexo
5% apy on link, interest payments are daily, all without giving them even your name

>>27574802
>0.8LP
you lucky son of a bitch. are you earning on that LP already?

>>27566086
x3 lev 2,000 LINK it's time!

>>27574891
I'm in Nexo right now. It's legit. Unless you collect interest in Nexo tokens or deposit fiat you only have to give an email address.

Aave stablecoin loan with LINK as collateral, deposit the stablecoin for 7-8% APY whatever it is

>>27576356
>>27574891
Go away Simeon

>>27575932
Yeah we have been getting a cut of their node profits since mainnet. Has really spiked up of late to about 6LINK/LP per fortnight. Think this next one will be quite a bit lower (less volatility). But yeah this should be interesting >>27567490

>>27576600
But the borrow APR for those stablecoins is way fucking higher than the lending APY. Do you mean lending them on other platforms then Aave? It still wouldn't make sense though given that APR is multiples higher than 8% APY. If I'm wrong please explain, I am finally interested in learning how all of this works. Likewise, if you've been borrowing, what is the minimum health factor necessary in order to avoid all precedents for liquidation in stablecoin volatility ? Probably more than 1.4 right?

>>27576600
>deposit the stablecoin for 7-8% APY whatever it is
Where? Also stablecoin loan rates are through the roof, they're bouncing between 10% to 20% APR.

>>27566086
Dr;ns
Op is fag

>>27570256
>Bancor for instance is only listing an APY of 1.41% on LINK
Ok nvm I see it now, rewards make it 128.97% APY for the next month. Really tempting, but they're using marketing tactics to make it seem like the platform has impermanent loss protection (when you really need to be in the pool for 100 days to get full protection). If I understand correctly, this means that lending even with these crazy rewards only makes sense if you expect LINK to not make a 10.75% (128.97% on the monthly) appreciation in the next ~35 days. With that in mind, it seems way way more risky to be throwing LINK into a lending pool desu. Am I misunderstanding the impermanent loss risk here or wrong for other reasons? Even the crazy APYs on YFLUSD's release seem not good enough in this context.

>>27571587
Tonight!

>>27574891
Sloppy job Simeon!!!!!

>>27568697

lending you linkies for intrest

>>27567312
This is what I want too. Comfy as fuck.

>>27572264
>then link appreciates in value on top of that
Nice assumption faggot, that’s the exact risk

>>27570261
Bro why on fucking earth would you give your Linkies to Zeus capital after all that shit that went down last year. Gemini seems way more legit

>>27566337
Just bought my first Link's. Never selling.

>>27569858
deposit link into aave, borrow usdc against it, and deposit into curve.

Is it a good time for putting my LINK up on AAVE and borrowing stablecoins to buy more DeFi shit?

>>27583535
welcome newfren. never, ever sell, and you will be admitted to the citadel one day.

>>27583535
>24 linkies is 500 dollars

what a time to be alive

>>27566086
dude just wait for staking
4.5% is not worth the counterparty risk of a shitty crypto exchange long-term

>>27583686
imagine 500 for .5 linkies eoy
god im gonna coom

>>27583646
is there risk in aave or curve fucking up and losing my shit though?

>>27567312
This is what I wanted too
I quit my job and was tired of selling my stack
So I hopped onto Celsius. In fact I bet Gemini is probably using them on the back end. Rate is the same.
They have tons of YouTube videos that I watched that made me feel comfortable. They also use link oracles.
Been using it for like 6 months no issues. Get paid weekly in link.
Still keeping some of my stack in a regular wallet in case something goes wrong/I want to sell a large amount at once.

>>27566086
It’s probably fine
Ive been using Celsius no issues for a while and I think they’re using them on the back end

>>27583783
yeah if you borrow too much. i keep my health factor at 3. if it goes below 1, you get liquidated. i have ~100k of borrowing power i'll never use, just in case link dumps.

>>27583646
btw you're all retarded for not doing this. the crv 3pool was 60% apy for weeks. it's like 35% now. only risk is link dumping.

>>27584043
>only risk is link dumping.
To how low? Let me get this right, a HF of 3 should mean that LINK has to hit $7.6 at current price for you to get liquidated?

>>27584134
yes that's exactly right.

>>27585170
v1 might have better rates on usdc, so i did that on a stable rate. the borrow apy on variable went up to 200% one time out of nowhere so i don't do variable anymore.
i have half yield farming, other half i market bought more link lol

>>27574891
I find it weird that you can't use NEXO if you're in Bulgaria.