Is bad for your mmm’kay? It’s in the fees. But be careful that you’re actually getting the return you’re promised. I tried to create a file once, to act as a portfolio, because it was so complicated.

Just because it’s liquid does not mean you will not lose your shorts when you try to get your money out. But I would…. be getting my money out.

In order to participate in Defi, you have to “give” your liquidity to someone else and get back LP tokens in return. They then reward the LP holders with more LP, or other coins, to offset your crazy high return rates. The persons with the most LP tokens get the largest amount of rewards. Whomever owns the LP for a coin is who is making money off its engagement. Yeah, they lose some on a small scale, but are paid back in fees in a short amount of time, so it washes out.

You, however, do not own the LP and will only get paid in a trickle-down format based on your place in line, which is based on how many LP tokens you hold.

So, the big cheese doesn’t like it, because once the crypto is gone and you don’t control the key to getting it back, it’s no bueno. I don’t like staking because there’s fees to participate, mint LP tokens, fees to add/remove liquidity from your LP stack, fees to claim what’s rightfully yours, which are platform coins that are used to increase returns to the LP holders by being a gateway to add liquidity to this mess. They get paid a finders fee by the various platforms to bring users liquidity in. That’s why only certain coins are “boosted”, etc. It’s derivatives in crypto.

It will always be 10 times easier to get money in, than it is to get it out. Polkadot on Moonbeam is a great example, it takes 30 days to “unwrap” your stDOT legitimately and provide you with native DOT. So, for 30 days, my money is locked up and you have to rush to “find it” so I can complete the smart contract? This is anti-innovation, Ldo. It’s claimed that this is because housekeeping or whatever, don’t care. If I wrote a check and it took 30 days for it to clear, I’d be equally a grumpasaurus. You’ve actually succeeded in making a case for checks, which hasn’t been done for like 30 years.

Take your hand out of the furnace, or prepare to hold that straight face til it ultimately bottoms out, kind kings. It’s going to get worse before it gets better.

Think about the metric of Total Value Locked. What they’re describing is just how many gullible Oogways they managed to capture. The liquidity is already gone after it’s calculated. The number is just there to entice new people, like a simple ponzi scheme.

There’s a reason you feel so weird when you deal with crypto. Something is amiss. Kiss. Of defi death.

Even if Eth goes up, staking coins whose only value is to earn ever increasing returns for customers are scams. They are anti-innovation, because in order to pay you, they have to steal from others with AMM bots.

They’re making real money more liquid IRL. It’s already happening. So I’d be reversing those last few trades and waiting until more movement happens. Goerli is shutting down at the end of the year, that seems like a good time to come back to this mess.

Is bad for your mmm’kay? It’s in the fees. But be careful that you’re actually getting the return you’re promised. I tried to create a file once, to act as a portfolio, because it was so complicated.

Just because it’s liquid does not mean you will not lose your shorts when you try to get your money out. But I would…. be getting my money out.

In order to participate in Defi, you have to “give” your liquidity to someone else and get back LP tokens in return. They then reward the LP holders with more LP, or other coins, to offset your crazy high return rates. The persons with the most LP tokens get the largest amount of rewards. Whomever owns the LP for a coin is who is making money off its engagement. Yeah, they lose some on a small scale, but are paid back in fees in a short amount of time, so it washes out.

You, however, do not own the LP and will only get paid in a trickle-down format based on your place in line, which is based on how many LP tokens you hold.

So, the big cheese doesn’t like it, because once the crypto is gone and you don’t control the key to getting it back, it’s no bueno. I don’t like staking because there’s fees to participate, mint LP tokens, fees to add/remove liquidity from your LP stack, fees to claim what’s rightfully yours, which are platform coins that are used to increase returns to the LP holders by being a gateway to add liquidity to this mess. They get paid a finders fee by the various platforms to bring users liquidity in. That’s why only certain coins are “boosted”, etc. It’s derivatives in crypto.

It will always be 10 times easier to get money in, than it is to get it out. Polkadot on Moonbeam is a great example, it takes 30 days to “unwrap” your stDOT legitimately and provide you with native DOT. So, for 30 days, my money is locked up and you have to rush to “find it” so I can complete the smart contract? This is anti-innovation, Ldo. It’s claimed that this is because housekeeping or whatever, don’t care. If I wrote a check and it took 30 days for it to clear, I’d be equally a grumpasaurus. You’ve actually succeeded in making a case for checks, which hasn’t been done for like 30 years.

Take your hand out of the furnace, or prepare to hold that straight face til it ultimately bottoms out, kind kings. It’s going to get worse before it gets better.

Think about the metric of Total Value Locked. What they’re describing is just how many gullible Oogways they managed to capture. The liquidity is already gone after it’s calculated. The number is just there to entice new people, like a simple ponzi scheme.

There’s a reason you feel so weird when you deal with crypto. Something is amiss. Kiss. Of defi death.

Even if Eth goes up, staking coins whose only value is to earn ever increasing returns for customers are scams. They are anti-innovation, because in order to pay you, they have to steal from others with AMM bots.

They’re making real money more liquid IRL. It’s already happening. So I’d be reversing those last few trades and waiting until more movement happens. Goerli is shutting down at the end of the year, that seems like a good time to come back to this mess.