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/biz/ - Business & Finance

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28125840 No.28125840 [Reply] [Original]

What's the best and secure DeFi liquidity provider to grow my Link stack?

Which one provides best rewards? Under what risk?

>> No.28125946

>>28125840
Stake on Bancor for 17%. The gas is insane right now but if you have enough link it’s worth it

>> No.28126054

>>28125840
Other options are Celsius and Nexo. Lower yields and centralized but those are second place.

>> No.28126227

>>28125946

I have seen Bancor. What do you think are the risks?

>> No.28126285

There are times I like to help /biz/ and there are time it can go fuck itself. Have fun with 4.5% apys or high risk gas rapes

>> No.28126354

>deposit on aave
>borrow usdc
>buy more link during dip

>> No.28126556

>>28126354
Wouldnt it be cheaper to deposit on celsius instead and deal with less expensive gas fees plus the apy is super low

>> No.28126868

>>28125946
Bancor pools are full sweaty

>> No.28127062

>>28126285
Bancor offers 16%
Regarding eth gas fees, it’s only one time right? I mean, if your stack is high enough it doesn’t matter I guess if the reward is going to be higher than that.

>>28126354
If Link decreases in price, your collateral will pay the amount and you will lose your money, which is around -50%. Link will increase in value but it is highly volatile, K wouldn’t risk it.

>> No.28127406
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28127406

Stupid question:

Why would I use Celsius 7% APY if Bancor gives you twice as much?

>> No.28127476

>>28127062
okay, gas fees make it pointless. And 16% in times of riskless 25% paid out in LINK and with a more spice between 800% and 200%, also paid out in LINK

>> No.28127493

>>28126868
Sweetie is spelled like this dumb dumb
>>28126227
Bancor risks would be a bug in the code which is unlikely given their history. Other risks are yields dropping and getting cucked by gas

>> No.28127610

>>28127493
Fell for the bait. NGMI

>> No.28128131

>>28127493
Impernanent losses?

>> No.28128312

>>28128131
Bancor has impermanent loss protection starting after 30 days. 100 days and you are fully protected. I’m up 25 link just from this

>> No.28128723

>>28127406
Because you can't currently deposit on Bancor

>> No.28129052

>>28128312
How many link staked

>> No.28129263

i really cant trust any of this centralised custodians

>> No.28129319

>>28127493
>Bancor risks would be a bug in the code which is unlikely given their history.
Lmao... They got hacked and exploited over 3 times

>> No.28129541

>>28128723
Why is that?

>> No.28129652

>>28129263
I mean.. better than having it on Binance right?

>> No.28130012

>>28129541
Link pool is full