/biz/ - Business & Finance

Do I buy this, MATIC or ETH for dual investment?

trust silvio

anyone else here shorting eth due to the staking rug? it seems like an obvious play

>>52652970
ETH is outdated tech and their foundation didnt even implement unstaking
MATIC is 100% made by and for jeets, there is no difference in virtual machines between ETH and MATIC, so you are just betting people miraculously switch to an exact same network for no benefit
ALGO foundation sucks massive cock and spends money on useless shit left and right, but the tech is the best in the game
AVM is completely superior to EVM and the only reason not every dev switched yet is because they have to learn a new language (TEAL [or PyTEAL, or Reach, or Beaker] instead of Solidity)
The real choice is between ETH and ALGO, you either bet on the continuation of ETH usability (unlikely with their high as shit fees during actual usage) or on a relatively new project which has proven itself through a bear market already

>>52652973
swapped al my algos for stbl to stake 12% APR on algofi. Currently have a 2k stbl stack that I reinvest stake reward everyday for compounding. Atm it's like 0.7 stbl per day.

A-am I gonna make it?

Best way to stake ALGO? I don't have enough to participate in governance yet. I was keeping it on my Ledger while the shit was hitting the fan with FTX, assuming Coinbase would have problems too. Should I move mine back to CB for 5.75% or is there a better option?

>>52653113
so you sold all your algos
if algo pumps you have 0 algos to benefit from it

>>52653216
isn't it more profitable to stake stablecoin over the long term?

>>52653208
probably governance, coinbase is doing governance with your algos anyway but they take a cut
or you could provide LP for ALGO/USDC algofi or tinyman and then stake those LP tokens to earn yield, thats like 20% apr and youre hedged both ways if algo pumps/dumps but read up on impermanent loss

>>52653253
its more profitable if ALGO price does not go up, so for bear markets it should be good
but since you are not holding any ALGO, you will not benefit if ALGO appreciates in value, you are holding a stablecoin after all

>>52653113
that looks like a good setup
>>52653208
i think coinbase will make it through this bear market but still recommend keeping your tokens off chain. if you have usdc you can stake on tinyman for nearly a 20% apr yield. if you only have algo algofi is your best bet. desu i swapped some algo for the chip asa token. i think the algorand casino is going to boom along with the token.

>>52653273
>coinbase is doing governance with your algos anyway but they take a cut
I understand that. I don't have problem with it. Is it considered safe or risky keeping it on an exchange still?
>read up on impermanent loss
Seems potentially too risky for my taste. But thank you for the response fren.

*BRAAAAAAP*

>still bagholding yieldly after a year
Any chance it can bounce back during a bull run? Basically threw some casino money at it, but it’s frustrating how they’ve squandered their first mover advantage

>>52652647
There is no reason for algo to exist. Cardano does everything better

>>52653387
yieldy died when it stopped the lottery imo
i havent heard them do anything since

>>52653361
hedera is nice as well but leemon creeps me out
>>52653392
im sure it does, have you considered not peer reviewing every transaction so the chain can run faster than 3 tps?

>>52652647
Are the sui/make-it stacks still 10k/100k?
Still silently accumulating, but figure the absolute bottom we may see will be .15 after the post governance dump

>>52653096
You don’t actually know anything you are talking about and are just regurgitating things without any critical thinking

ALGO sucks dick

>>52653113
You’re on AlgoFi V1, aren’t you? STBL is being slowly but surely depreciated, STBL2 (actual name) is the new stablecoin. You can stake various liquidity pool tokens in order to earn swap fees, lending interest on their underlying assets, and AlgoFi’s governance token BANK. You can also stake and lock up BANK to boost your BANK rewards. STBL offers 12% APR right now but liquidity is quickly drying up, come to V2.

We algo to hell.

>>52654067
yeah i am only developing on blockchains for the past 3 years whatever the fuck could i know

>>52652647
DBD
You're welcome.