So wait. I can just convert my link to alink and then get a 60 percent apy on my linkies? What the hell...

So wait. I can just convert my link to alink and then get a 60 percent apy on my linkies? What the hell? How is this possible or sustainable?

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delete

Because its not sustainable im in vault since start avrage is 16% (wich is still awsome) it spikes 100% it drops to 0.50% but still more gains than fucking custodilal solutions like jewfi and cryptoponzi.com

Seems legit. The only real risk is that the smart contracts are bugged and you lose everything, right?

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bump

the adai vault got 0% for two weeks a while back

I got 15k link, wanted to go to yfv but their incentive sucks and the token tanked. Going to look into aave more!

Does aave do any kind of yield farming? Thought it was just loans

yeah it’s all kinda the same, i just go where the Most apy is. And yfv sucks unfortunatly... lost so much money on That shit

makes sense. link APY is pretty piss awful on AAVE though.

AAVE doesn't do yield farming, but gives you money for offering your link as loan. You can then also borrow stable coins or more link by using your deposit as collateral. This is leveraged by yfi who use aave and other defi platforms for optimized yield farming strategies.

Exacly

Oh, so the real returns come from getting interest on loaning out your crypto? Man, I've really slept on the defi shit I'm realizing.

No. They come from using your shitcoin as collateral to borrow stablecoins and yield farm shit with it. This is what yearn does. The apy from lending it to others is just a cherry on top.

How can I loan out on AAVE? Is it stakingrewards.com?

No. More risk. Also human risk

What's the risk?

wait what? how does it work? i'm noob explain to me like im idiot

I was in the aLINK vault for about a month and made MAYBE .05a LINK with a 497aLINK deposit. It's not worth it imo. yVaults are super buggy and the rates always change because it's kinda sketch. also if your American good luck figuring out your taxes.

now I just have shit spread between AAVE and BlockFi. slower gains, but much more stable and I feel more safe there. I get Brave ads about Nexo all the time, but I haven't used it yet.

>wait what? how does it work? i'm noob explain to me like im idiot
same, this shit definitely has a pleb filter on it.

>also if your American good luck figuring out your taxes.
this indeed, even figuring out taxes just on defi scam swaps is a god damn nightmare. has anyone written an app that will pluck all this into format for 1040?

>They come from using your shitcoin as collateral to borrow stablecoins and yield farm shit with it
spoonfeed pleb. Where to I loan link to get say dai?

Eh I'm already gonna kill myself because of taxes

Im pretty sure im at a loss at this point from rugs and defi fizzling out to jack shit...down 50-80% on all the y* horseshit.

bat fags get a great rate with aave

VALUE is giving like 25% APR. The IL isn't too bad as its 98/2 split but it does dump a lot unfortunately. Where else can you get that much? Maybe Bancor soon with the single asset liquidity pooling. I was excited about the yaLINK vaults but it seems like the returns are really low when there isn't volatility in the markets and people are buying/sell stablecoins en masse

Fucking bancor, talk about full. Circle, that was my first ico, still hilding that complete piece of shit.

I never bought but the single asset pooling with mitigated impermanent loss might be legit as fuck. Its hard to say what kind of gains you will be able to get. If they are successful they could steal quite a bit of TVL from various swaps. If I could safely get 20-25% APR on my LINK stack I'd be on cloud 9. Anything beyond that would be unreal.

On paper it should have been huge too.

Just got a email that it's getting listed on kraken tomorrow better sell the news because it will surely dump a bit

no, theres platform risk [yfi platform risk, aave risk, dai risk, etc

and liquidation risk