/biz/ - Business & Finance

>>50558097
Fantom chads keep winning

Umami's delta-neutral USDC vault goes live in 2 days. Pretty excited for non-ponzi yields.

>>50558097
>70.52% - USDT-USDC@Autofarm (BNB Chain)
How sustainable is this? what are the chance of it pulling a Celsius on me?

>>50558243
This can't be the real yield. I just checked the place they had this sourced to, place called "BISWAP", and the rates there are like 3% for USDC-USDT farming.

My guess is there was a lot of volume or something and the rate for a week or so was maybe 70% and the aggregator (autofarm) didn't update yet.

In general, most stable yields that are USDC/USDT never go above 10% unless you are taking some kind of crazy risk or found something pretty low profile.

I think the best place for farming right now is VelodromeFi though. It is a solidly fork on OP. Right now you can get about 7-8% on DAI/USDC farming. Some other stable pairs give about 20% though. Pretty good team/tokenomics too.

>>50558243
>How sustainable is this?
imo everything above 15% is rug territory and not sustainable.

>>50558358
>I think the best place for farming right now is VelodromeFi though.
I keep my USDC in Platypus (on Avalanche), boosted with vePTP I get to 9.6% APY on my USDC. Platypus is like curve, a stableswap but better.

>>50558412
9.6% APY after you paid for the boosts is a lot less than velodrome though. Paying for boosts on these platforms generally doesn't make sense.

>imo everything above 15% is rug territory and not sustainable.

This isn't true. It's not "rug territory". Typically though any good farm that yields above 15% will get pushed down by new farmers entering the system.

>>50558460
>after you paid for the boosts
you dont just pay for the boost, you have to earn the boost and stake PTP over time which you get while you farm. staked PTP gives you vePTP.
>This isn't true
for stablecoins it usually is.

>>50558097
Fuck off we're full don't let them dilute the yield you faggot

>>50558566
Yeah, but you paid by staking PTP lol. Basically instead of dumping the shitcoin, you staked it instead, that costs something. So you are paying for the boost

>>50558688
Platypus is a good platform and the boost is worth it.

>>50558601
there is like 5 people here on /biz/ who are actually into DeFi.
the rest doesnt care and keeps their coins on centralized exchanges doing nothing with it.

>>50558243
>>50558358
it's emissions
the % is paid with a reward token
it's 70% relative to the value you input at the time, but paid in the tokens
the % also shoots down as emissions start to dwindle

>>50558818
boosting is never worth it. Its worth shilling boosts to others though so they buy the token and you can dump on them when they lock.

>>50558918
>boosting is never worth it.
it is tho. made me good low risk profit over time.

>>50558601
most of biz are exchange babies, they keep their coins on fucking binance
they also don't have the size to dilute anything

>>50558097
>70.52% - USDT-USDC@Autofarm (BNB Chain)
How the fuck is that possible? Pretty based yield ngl

If anyone needs translation services, I’m at your request. I no longer will make 0.11 word mandatory, since I know some people don’t want to pay that much even though it’s the minimum rate. I’m part of a translation group that does up to fifteen languages.

>>50558949
It's almost ALWAYS better to sell the token. PTP has dropped 99% anon. NINTEY NINE FUCKING PERCENT. That is not a "low risk profit". Nigger you took a motha fuckin L

At any point if you had locked that vePTP up, you lost money on it. Would have been better off dumping it.

>>50560145
what velo farms are you in? just stables? I've been in the Eth/sEth pool. Not really sure what to do with the velo I've been getting. I locked some of the velo I got for a month just to see what the nft thing is and put the rest in the velo/usdc pool right now. Not really sure whether that's a good strategy or not.

>>50560145
>PTP has dropped 99% anon.
and it will eventually pump 600%

>>50560310
>in the velo/usdc pool right now
you probably get fucked by IL as the people will dump the velo.

>>50560310
stETH or sETH ?

is Optimism safe? sitting with my USDC in Polygon and Fantom right now, not doing anything with it

>>50561540
synthetix sEth

I am doing an experiment on Pluto which is the new reserve currency on waves. I put in $2k and am going to omboard loop every 9 days for a year

>>50561700
>is Optimism safe?
very centralized and takes weeks to get your tokens out without other centralized 3rd parties.
so NO.
>>50561700
put it into Avalanche

>>50561949
ok so platypus is another solidly fork?

>>50561981
>The Platypus Finance protocol is a single-side AMM (decentralized exchange) designed for exchanging stable cryptocurrencies (ERC20 tokens) on the Avalanche blockchain. The protocol is implemented as a set of smart contracts; designed to prioritize censorship resistance, security, self-custody and maximum capital efficiency.
>Platypus features single-token provision, eliminating impermanent loss risk for liquidity providers, and minimizing slippage for traders.

>>50562127
sounds too good to be true, I see there's USDC paired with absolute shitcoins. what happens to my USDC if these shitcoins go to zero?

>>50562184
the entire thing is pretty big brained and proven to work.
the contracts were audited by Hacken and Omniscia.
also check the docs
https://docs.platypus.finance/platypus-finance-docs/concepts/alternative-pool

>there's USDC paired with absolute shitcoins
protip: best pool is the YUSD one. its a decentralized overcollateralized stablecoin pegged to the dollar so imo safer than USDC which is basically trusting coinbase, also better than any of the other shitcoin stables.

>>50561815
how much does it cost to mint a synth now?
I remember that when synthethix launched it was around 100 bucks for a crude synth
did the mint get better (price wise)
how much did you pay for a sETH

>>50558097
60% staking LOX on Bitrue yield farming pool

>>50563779
honestly I just swapped half of the eth I wanted to stake on velo. I didn't really check the price difference but I figured they're close enough in cost and price action not to have to worry too much about il.

>>50560394
lol, ya then it will only be down 95% lmao
>>50560310
VELO is still in the part of a cycle where I think it can expand. So im holding right now. There are a lot of OP airdrops going to Velo ecosystem participants. Hence the reason its still going up despite a shitty ass day in the market overall.

The team is more legit than 99% of other DeFi teams and OP szn is still just starting.

>>50564600
it will recover, the best stableswap gotta be worth something.

>>50564102
alright, so you didn't mint it directly on synthethix
got ya