I admire them for eating everything from their cows, not only the stakes. Much more energy efficient. The west is quite spoiled in that sense. So, I don't see a problem with this video.
You think about aping into #ShibaSwap for 5000% APR? I will advice you to be cautious. The staking contract allows to migrate the deposited funds and it's currently owned by an EOA. TLDR: All the staked funds can be rugged by the devs at any moment #WarOnRugs π¨
I'm going to tell you a secret: after 1 year farming, diversifying into #DeFi tokens and going through all sorts hoops, I am actually slightly down in $ETH terms. Frens, if you just DCA into #ETH you will probably beat 95% of all traders/investors out there.
(1) A new indicator we developed at @santimentfeed indicates the end of the $BTC bear market. It is called MVRV Long/Short difference and it just approached 0, which means that long term holders are starting to be more profitable, than short term holders
1/ Here is a breakdown of the @harvest_finance attack. Ref ethtx.info/mainnet/0x9d09β¦
1. Swap 11.4m USDC to USDT -> USDT price up
2. Deposit 60.6m USDT into Vault
3. Exchange 11.4m USDT to USDC -> USDT price down
4. Withdraw 61.1m USDT from Vault -> 0.5m profit
5. Rinse and repeat
1/ Today a hacker managed to drain 5.4m DAI from @value_defi protocol. The attack was similar to @harvest_finance, but a little bit more complicated. Here is an outline:
1. Flash loan 80k ETH and 116m DAI from AAVE and Uniswap
2. Deposit 25m DAI into the MultiCoin $VALUE vault
Today marks my first day as a full-time yield farmer/DeFi investor. After a very successful yield farming summer with staggering returns I decided to quit my full-time job and devote to #DeFi full-time. I'll be managing my portfolio and consulting on DeFi topics. Very hypedπΊπ§βπΎπΈ
IDK why nobody talks about the emergency withdraw function in the @SushiSwap contract. It is a genius as it allows farmers to withdraw their funds circumventing all the reward logic around $SUSHI. This prevents bugs like in the $YFV contract. The contract is quite nicely written!
Seems like my portfolio did 10x in 2020 without buying any crazy coins. Just by farming and buying $ETH with the earnings. I keep things simple. Ethereum is the base layer which makes the #DeFi revolution possible!