What do people think about alt coins? V.1 [discussion]

omg! i got super lucky
i actually stopped plotting a week ago after i filled up my drive, didn't want to put $ into it with the ever expanding network space, but left the computer on to farm.
thanks for the headsup @Xerobull. wish i had started earlier, could have earned a lot at the start. let us know if there are new things to farm.

edit: this inspired me to mine eth concurrently lol. my old 2070 is pulling 38 MH/s. Might as well. Pooling with binance atm.

 

Polygon is pretty awesome for safe, non-directional yield farming with stables rn. A good way to collect cash to hold or farm with if market stays suppressed, and/or eventually buy more dips with. Fees are virtually zero.

You can

get paid 4% to deposit USDC into aave (or use your crypto as collateral, but trickier to manage)
get paid 7% to borrow USDT against that USDC up to 80% LTV
get paid 24% to deposit that borrowed USDT into curve

Possible because polygon has a $40 million program with aave to incentivizing people to use the network.
The rewards will eventually run out, but still enough left to make it worth the effort. And then you just withdrawal and look for the next incentive, probably on Arbitrum.
this is like your bank giving $50 gift cards for joining x 10000

It's not sexy 20x crypto dream yields, but it's an easy way to compliment your trading / maximize your capital with low risk.

Spoiler

Spoiler

 

if u trust binance, easier to just deposit with them? 11% apy for deposit.

 

11% is good for set it and forget it. But you’d be doing up to three times as well on polygon with a few more clicks. Best established platform for stables i know of right now. Can get 50%+ on smaller farms, but I would not be putting any meaningful amounts on those.

 

yes! my time to win is 7 months, but have now won twice in 2 weeks of farm.

 

Whoa, tell me your secrets. What is this farming?

 

@saitou right now

 

"Users of the Chia blockchain will “seed” unused space on their hard-disk drive by installing software which stores a collection of cryptographic numbers on the disk into “plots.” These users are called “farmers.” When the blockchain broadcasts a challenge for the next block, farmers can scan their plots to see if they have the hash that is closest to the challenge. A farmer’s probability of winning a block is the percentage of the total space that a farmer has compared to the entire network."

Unless you have a spare storage drive (preferably a fast NVME) that you don't mind wearing down due to plotting, I wouldn't get into it now - percentage chance to win is too small. I stopped plotting last week, but still farming with the plots I have as it takes little energy and i don't need new hardware; + i'm now mining eth concurrently on the same machine, so the energy cost for chia is really negligible.

 

cashed out 3xch @ $730 each. the slowdown in network growth over last 24hrs spooked me. seems to be some community unhappiness and farmers giving up on plotting. left 1 xch to hodl, and hopefully i can farm a few more coins this month.

 

OXS launching today. It's a Solana launchpad. You can get it on Raydium when it launches.

 

Launched. Currently at 44x

https://solapetools.io/#/market/4TGxgCSJQx2GQk9oHZ8dC5m3JNXTYZHjXumKAW3vLnNx (not working, but should resolve)

Buy here with SOL or USDC https://raydium.io/swap/?ammId=8ekXiGjEjtWzd2us3rAsusKv7kKEhPENV7nvzS7RGRYY

 

-delete-

 

Went in pretty hard on Shiba Inu, based on FOMO alone. Hope it works out.

 

look good

 

i bot 1k to stake for fun
xmr is the one that i really wanted to accumulate, but it keeps going up, over $300 now

 

Sounds like pretty much all IT workplaces. lol. Eleven year-old story, too.