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/biz/ - Business & Finance

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49734421 No.49734421 [Reply] [Original]

now that everything is dumping ill try to get some money into shitcoins maybe i get lucky and make a shitload of money, any suggestion?

>> No.49734437

Verasity

>> No.49734439
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49734439

>>49734421
Yeah well i would suggest not doing that

>> No.49734468

>>49734421
Well since you are straightforward into shitcoins might aswell use rango, its not like they have something else than shitcoins, got like 9k different ones to choose

>> No.49734482

>>49734421
Pendle

>> No.49734491
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49734491

>>49734468
9k shitcoins? thats quite an ammount of shit

>> No.49734499

>>49734482
>>49734437
what are those?

>> No.49734530

>>49734421
I don't want to tell but the 100% public coin I bought has a lot of whale wallets, I bought the bottom at 30m mcap it's doing alright and didn't dump as hard.

>> No.49734962

>>49734499
It is a defi protocol with its own AMM that allows you to divide a yield-bearing asset into its future yield and its underlying principle. So instead of depositing your USDC into AAVE and receiving aUSDC, you would deposit your USDC Into pendle and get the YT (Yield token) and OT (Ownership token). These tokens have a set expiry date (Currently in Dec of 2022). So you can sell the yield token immediately to lock in the remaining value of the yield immediately or you can hold and speculate that the price of the yield will go up or you can lock it into a liquidity pool to accrue pendle until the YT expires. Your OT can also be sold on the market or it can be locked into the liquidity pool, once it expires you can redeem it for the underlying principle. The devs are currently working on V2 which will allow for any potential yield-bearing asset to be worked into the protocol.

Its something new that I have gotten into and I am just getting my head wrapped around it. Its currently going for about $.035. More info on it here:

https://medium.com/pendle/pendle-eli5-ec81b5e76c0d

https://twitter.com/adamscochran/status/1388549951500738567?lang=en