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Alpaca TVL is up to $1.284 Billion.
my leveraged positions are up.
I am enjoying the current market pump
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TVL is at $1.25 Billion currently.
This incredible project is here to stay.
this last move in the markets has really helped my leveraged positions
 
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For some time now i have been really considering liquidity mining, i heard it is way more profitable than staking although i haven't dare to engage in any because am probably too scared to loss my funds in the process, and i have heard about the impermanent loss the op mentioned so am thinking wouldn't it be best to just stick to mining stablecoin that way the value of the asset won't reduce to result in an IL, am still contemplating and weighing the options if this is good idea over just buying and hold for who knows how long, to me i see this as a way to earn passive income.
yes stable coins are great. Currently you can get over 20% using alpaca finance leveraged farming with stablecoins Whether you have large or small capital, getting 23% APY on leveraged farming stablecoins is pretty profitable relative to real world money markets, government bonds, and AAA bonds. Leverage farming stablecoins (at max leverage levels) is safe. Essentially, you are just borrowing USDT/BUSD/TUSD from lenders and providing it as liquidity to DEX platforms. These lenders don't farm on DEXes for various reasons (lazy, inconvenient, don't want exposure to other stablecoins, etc.). The 23% APY already factors in borrowing interests and is the net APY you are earning. |
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Whether you have large or small capital, getting 23% APY on leveraged farming stablecoins is pretty profitable relative to real world money markets, government bonds, and AAA bonds. Leverage farming stablecoins (at max leverage levels) is safe. Essentially, you are just borrowing USDT/BUSD/TUSD from lenders and providing it as liquidity to DEX platforms. These lenders don't farm on DEXes for various reasons (lazy, inconvenient, don't want exposure to other stablecoins, etc.). The 23% APY already factors in borrowing interests and is the net APY you are earning. If you borrow alpaca to dig alpaca, there will be a risk of forced liquidation if the price of alpaca drops. But the alpaca you dug up has to be sold, because even if you don't sell it, other people will sell it. If you don’t sell it in time, your profit will decrease. So in the end, it’s yourself that makes you liquidate.
- Actually, the opposite is true. If you farm the BUSD-ALPACA pair and borrow ALPACA, you are not exposed to ALPACA price movements. If ALPACA drops, just return back your borrowed ALPACA. Your BUSD equity doesn't suffer. You are simply earning yields (aka mining). There could be some impermanent loss (IL), but it's a fairly complex subject and this loss is minimal (earned yields generally cover IL). |
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I am an advocate for Defi and disruptive tech, for some insight go here:
Bittawm's Intro to Liquidity "Mining." The new most profitable form of mining?:
https://bitcointalk.org/index.php?topic=5349340.msg57463821#msg57463821
 Now I present to you a true gem! The Alpaca Finance Defi PlatformPlatform Name: Alpaca Finance
Native Token: Alpaca Finance Token : https://coinmarketcap.com/currencies/alpaca-finance/
Chain: Binance Smart Chain (BSC)
Telegram: https://t.me/alpacafinance (english)
Docs and Tokenomics: https://docs.alpacafinance.org/
Website: https://www.alpacafinance.org/
What makes this Platform Special:-This Platform is super safe! IMPORTANT!
Alpaca finance has close to $1,000,000,000.00 in total value locked in the protocol (Yes you read that right.......... $1 Billion).
This Platform has never suffered an exploit or Hack
There are no known bugs with the platform that jeopardize users funds
I have personally had a large sums of crypto with this platform and I consider it one of the safest I have ever found.
9 Audits across multiple services: https://docs.alpacafinance.org/transparency -Lending and Staking
[lending] Lend your ALPACA, BNB, BUSD, USDT, TUSD, BTC, ETH and get Interest-Bearing Tokens (ibtokens). (for example stake BNB and get ibBNB)
[staking] Stake your ib tokens to get even more returns!
Currently I am enjoying lending and Staking BNB for a juicy 23.93% APY -LYF FARMING (Leveraged Yield Farming)..................the true magic of the platform
Alpaca finance is the largest Leveraged Yield Farming platform on the Binance Smart Chain.
This exciting feature gives users many more strategies over traditional yield farms.
It essentially gives users the ability to short / long different assets with less capital. Let me explain:
Users pick which LP pair they want to yield farm with, they then choose which asset they want to borrow out of the LP pair, when the assets borrowed decreases in value then it becomes cheaper to pay back.
One of the statements I frequently hear is that yield farming is not profitable in a bear market. This is totally not true when it comes to Alpaca finance. The following strategies can be adopted during a bear market:
Yield farm with stablecoins (currently earning between 20-30% APY). If you believe in the USDT being under collateralized then yield farm with BUSD/USDT borrowing the USDT, if USDT crashes then it will become super cheap to pay back meaning you will make some pretty hefty gains. If USDT does not crash then you still make the 20-30% APY
Alpaca also offers other stablecoin farms: USDC-USDT, TUSD-BUSD, etc. By using leverage on stablecoin farms, you can get much higher yields on stablecoins than Aave, Celsius, or any other DeFi platform. Their business model is quite ingenious.
Another strategy to adopt in a bear market would be to short an asset you believe will drop in value. For example if you believe ETH is going to drop, then put stablecoins into the yield farm borrowing ETH to pair with the stable coin with. When ETH drops it becomes cheaper to pay back and therefore you are essentially shorting ETH
there are many more strategies users can adopt to maximize gains vs normal yield farms -NFTs / Art / Telegram:
The team can be contacted easily and is actively engaging with the community
Alpaca Finance have some great artists behind them, they are releasing some pretty cool NFTs awarded to users for engaging with their platform.
Take a look here: https://galaxy.eco/alpacafinance
The team has also created some of the best telegram stickers I have ever seen, there are hundreds of them and they are quite humorous.
Here is a sample of the NFTs available:
   Conclusion:
I believe the Alpaca Finance Platform to be extremely safe. I have trusted them with my own funds and will continue to use and support the platform.
I have seen the ingenuity and integrity of the developers. I was using their platform before Leveraged Yield Farming was launched and many doubted that they were going produce a working Leveraged Yield Farming platform.
I believe their protocol will empower farmers to employ new strategies unavailable on other farms
Always do your own research, I am not a financial adviser, there are always risks associated with defi platforms, I see this risk as being low but there is always a risk. Never invest what you cannot afford to lose.
Enjoy the profits!
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I was asked via pm to look at this thread. It is the first thing I did as I just woke up 5 minutes ago.
My position on pos or pol mining has always been negative. I know the op a long time he has handled a lot of mining equipment for years. With good reviews and pretty honest.
So I am going to monitor the thread and watch it develop. Maybe he has an angle in POS/POL crypto that is good.
I will say this I am in the POW camp and I have stated many times that this is my position.
I am running BTC,LTC/DOGE,ETH gear. Asics and GPUS. I would love to see if pos/pol can work. So I posted here as a skeptic that wants to believe.
POW mining can be used in conjunction with liquidity mining, making your crypto assets mine after they have already been mined. compounding your already mined earnings. |
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Bittawm is the man and one of the couple of guys that introduced DeFi and Yield Farming to me. Honestly I don't even like to mention it much because I like that it's still kind of underground and worry about its saturation. I definitely lost money at first because I didn't know what I was doing. There's different strategies you can take, some are higher risk higher reward. Sometimes it comes down to knowledge and experience, and sometimes it comes down to luck. I've probably said too much  sorry I am letting the cat out of the bag. the people need to know!!!!!!!!! |
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I've used panckaeswaps farms and had decent luck. But it seems like a lot of sketchy coins. I understand the idea of a rug pull, but what happens when the coins fall by 50% will your yield fall by 50% and the value of your stake falls by 50%? Bull market might be great but a bear market might not be so good?
Hi Bad Bart. I am glad you bought this up. I totally agree there are a lot of sketchy coins and platforms around. I am here to enlighten people about Trustworthy operators and strategies that that will bank you coin. Let me explain, during a bear market Proof-of-work mining profitability usually drops significantly. During a bear market you can adopt the following strategies to remain profitable wihen liquidity mining: 1. Liquidity mine with stablecoin pairs (this should eliminate IL or at the very least highly mitigate IL) 2. Liquidity mine with mirroring assets (renbtc/wbtc for example , once again highly mitigating IL) 3. use platforms that allow for leveraged liquidity mining, meaning you can short crypto assets during a bear market. (because the asset that you are borrowing becomes cheaper to pay back later) Expanding on point 3: I would suggest using Alpaca Finance ( https://app.alpacafinance.org/). These guys have done an incredible job with their platform. (leveraged Liquidity Mining Platform) -I consider their platform extremely safe (I have trusted their platform with over $100,000 of my own crypto) -They have over $1 Billion in total value locked (not some small TVL platform) -There has been no known bugs and they have never suffered an exploit. I will be reviewing the alpaca finance platform soon, and here I will share some strategies to make some good returns |
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I consider myself a veteran bitcointalk OG miner. I have conducted millions of dollars’ worth of group buys here on bitcointalk, owned my own large scale farms, I have had access the latest miners before they have hit the market, I have worked with power stations and some of the largest mining hardware manufacturers in the world.
Mining has been a big part of my cryptocurrency journey; I have been involved with mining in a big way. This brings me to my next point.
There is a new form of "mining" that has some great benefits over traditional Proof-of-Work mining. Most notably higher profitability. This new method is called Liquidity "Mining"
It's a big part of a recently booming segment in blockchain, DeFi, and I am here to share my knowledge and experience.
What is Liquidity "Mining"?
Generally, most Defi protocols earn revenue from 2 main sources:
Source 1: Trading fees – Some users will want to swap one token for another on a decentralized exchange protocol (e.g., UniSwap). The protocol takes a fee (~0.3%) but gives most of it (~0.25%) to users who loan tokens (i.e., provide liquidity) to the protocol, which is needed to enable trading.
Source 2: Borrow interest – Some users will want to borrow tokens on a borrow/lend protocol (e.g., Aave), generally to leverage up their trading positions. The protocol will charge borrowers an interest, keep some of the interest for themselves, but give most of it to users who loan tokens (i.e., provide liquidity) to the protocol, which is needed to enable the loans.
Liquidity mining = being a Liquidity Provider. This means holding tokens of projects you believe in and loaning it to various protocols to enable their function. In return, you earn some trading fees (Source 1) and borrow interest (Source 2). The kicker is these protocols often will give you additional token rewards (denominated in their tokens) to incentivize participation, which will boost the earned interest of your loaned tokens to pretty high values (20-100%). If you don’t believe in any project, you can also loan out stablecoins (e.g., USDT, USDC) and earn 5-20% interest on them.
Let’s take a look at some of the challenges traditional miners face:
- Hardware Cost:
PSU costs
Miner costs
Connection costs (switches and cables)
Racking
Transportation costs
Long-time miners will admit that would have had much greater returns if they just bought cryptocurrency and HODLd instead of buying hardware to mine with.
-Electricity Cost:
Miners are power hungry; they are expensive to run, even when sourcing a cheap power.
-Miners become obsolete:
Miners are not constant money printers, there becomes a time when the power cost exceeds mining rewards even in bull markets, this is because mining is an arms race and eventually a newer more efficient miner is created, rendering older miners obsolete.
-Heat / extraction expense:
Miners produce heat, this becomes an issue when you have multiple miners running at once. I have experienced timber warping as a result of too much heat. Miners have to invest in extraction to keep miners running at a healthy temperature, this adds to direct costs and on-going costs as you need to power your extraction solution.
-Miner housing and security:
Miners need to be housed and watched over, this adds yet again more expenses to an already expensive process.
-Miner maintenance and miner management:
Hashboards fail, stability issues, connection issues. One miner may be manageable but have you ever managed 100? 1000? you get to a point where they need full time maintenance / management.
-Setup time:
I remember when I got my first 100 miners; I was under-prepared and certainly underestimated the time / man power involved with setting up. This is often overlooked.
Scalability issues:
1 miner is easy to cope with, but how about 1,000,000 miners? Even with dedicated teams and farms I could consider this close to impossible.
Hardware Scammers and vapourware:
There are many hardware scammers. People impersonate manufacturer representatives and pop-up manufacturers that sell vapourware with no intention of producing any hardware.
Pre-Orders / delays:
Many hardware manufacturers fail to meet delivery dates, in some cases when buyers place orders miners are super-profitable but by the time the hardware is delivered profit is almost non-existent.
Mining difficulty increasing and manufacturers over producing:
Mining difficulty goes up in general meaning miner profitability goes down over time.
In some cases manufacturers produce so many miners that profitability absolutely crumbles. For example I remember when bitmain over-produced hundreds of thousands of Antminer D3s that were earning hundreds per day, by the time they got delivered users got unprofitable, unstable, shitty miners.
Now let’s take a look at some of the issues Liquidity miners face:
Rugpulls and unsafe platform operators:
Some platform operators are straight up thieves (much like hardware scammers). It is important to assess the risks involved with each platform.
Impermanent loss (also known as IL):
When providing liquidity. You often provide a pair of assets. As these assets diverge in price, they lose a bit of value compared to if you just held them alone. This is because the value balances of the assets in the pair need to remain 50:50, so if one of the assets decreases in price then a portion of the other paired asset will need to be sold to buy more of the lesser valued asset. However, this is usually offset by some juicy platform returns or by only providing one asset to "mine" with. Keep in mind that single assets will not produce as high returns as paired assets.
Capital:
It takes money to make money; you are literally making returns from your capital. The more capital you have, the greater the returns.
Benefits of using Defi platforms and Liquidity Mining over traditional Proof-of-Work mining:
Higher returns:
APRs can be crazy high, especially if you get in as soon as platforms open. (in some cases we are talking hundreds of % per year)
Considerably more scalable and manageable than mining:
With a $100 million investment, liquidity mining on Defi platforms is much more manageable as you can spread the capital across multiple platforms. Some platforms have billions of dollars of total value locked. I would hate to imagine the work involved with a $100 million dollar mining farm.
Significantly less costs:
No power cost, no hardware maintenance costs, no rent costs, no security costs, no heat extraction costs, no transport costs, no hardware costs, no setup costs.
It is possible to avoid impermanent loss:
If users choose "mine" or farm with a single asset then they will never suffer IL, however the rewards will be considerably lower than Liquidity mining with a pair of assets.[/size]
Now I am here to share my knowledge of what I have learnt so others can experience what I have experienced, I have been totally swayed from traditional mining and knowing what I know now.....I will not go back to PoW mining. I mean as a hobby mining can be fun but this Defi stuff is an absolutely incredible life changing opportunity.
I am going to keep this thread alive and share helpful information that can hopefully help you all some good returns. Keeping in mind this is not financial advice and I am not a financial adviser, remember to DO YOUR OWN RESEARCH and read up about risks involved. I will do my best to share safe farms with honest operators and answer any questions you have.
Most of these platforms communicate with Metamask wallet, the first step would be downloaded metamask and creating a metamask wallet and adding the network you want to farm / mine on.
By default the Ethereum network will be added but you will need to add other networks, some suggestions would be:
-BSC network (Binance Smart Chain)
-Matic network (polygon)
Keeping in mind there are many more networks.
STAY TUNED FOR SOME EXCITING OPPORTUNITIES!
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I trust Bittawm, I'm giving this DeFi investment a shot!
remember with any investment do not invest more than you can afford to loose. This is always a gamble |
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Hi guys. This project has been resurrected since the hack. The devs are working their asses off to make this project a success. There has been some crazy APRs (over several million % APR at launch). Currently the APRs are in the hundreds of thousands of % per year (still very juicy). In particular the MELODY-ETH pool is sitting at 500,000% APR. We know the APRs will not stay this high but even a couple of days in the hundreds of thousands of % APR is some good reward. Picture below for your reference As you can see I am putting my own crypto in because I personally believe in this project despite the bumpy road it has been. (this post has been added to the first post)  |
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Ok so what happened is the hired dev put a hidden minting function into the protocol and minted himself over 100k PIANO and crashed the price.
The owner is now rebranding and creating a new coin MELODY
To be fair it has been a shitshow of a launch but before the hack the project was pretty solid project. made a killing from $4 to $30 not to mention all the minting rewards
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Yes the platform has been hacked. Not sure how at this stage because there was an external Audit before launch. The dev is trying to come up with a solution such as an airdrop for affected holders. I genuinely do not think the dev has screwed the people over on purpose. Lets see how the recovery goes. sincere apologies to everyone who lost money as a result of investing because of my post. |
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