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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: A new gem in DeFi? on: January 15, 2024, 10:24:10 AM
The first impression is already good, working testnet, growing community, good communication.
Now let's see how the tech is moving forward.

They released some advancements recently I sax:
https://twitter.com/versadex/status/1745039342861430838
2  Alternate cryptocurrencies / Announcements (Altcoins) / A new gem in DeFi? on: January 04, 2024, 03:54:58 PM
I am very curious what you all think about Versadex.
Checked their website and tried it out.
Looks very promising for a first step in testnet, even before private sale.
If they continue to deliver, this is one to watch in 2024!

VersaDex: Hi-tech DeFi Made Easy for Everyone

The decentralized finance (DeFi) landscape is in constant evolution, relentlessly advancing and striving for widespread acceptance. As we venture into the pivotal year of 2024, it becomes imperative for the development of DeFi platforms to ascend to new heights, ensuring a robust and expansive user

VersaDex: Unveiling a Decentralized Gem

VersaDex emerges as a distinguished player in this fast-paced realm. It stands out as a fully decentralized and community-driven DEX, catering to a diverse audience that includes traders, liquidity providers, projects launching a token, and companies venturing into web3 integration. VersaDex seamlessly facilitates a spectrum of activities, leveraging its multichain architecture to make DeFi accessible, user-friendly, and secure. The platform harnesses cutting-edge technology to achieve these ambitious goals.

Key Features at a Glance

Swap with Ease
Swift and secure transactions with minimal fees.

Token Launch Simplified
Effortlessly launch tokens with the support of liquidity providers, pools, and engaged communities.

Liquidity Provision
High returns coupled with new technology and top-tier security for liquidity providers.

Staking Made Simple
Multichain staking options with a diverse selection.
 
The First Milestone: TESTNET is LIVE!

You can already experience the VersaDex TESTNET here (https://app.versadex.finance/swap) or participate in their upcoming token airdrop here (https://zealy.io/c/versadex/invite/TKShYtMUNjQBRq1wmMsJ1). As we've witnessed with previous DEX airdrops, lucrative opportunities abound (remember Uniswap?)
 
Delving Deeper into VersaDex

What does Versadex has to offer to make it so special? Let’s focus on the main points:

1. Asset Exchange
Seamless swaps, pool contributions, and cross-chain interactions.

2. Earning Opportunities
Staking, farming, and LP Locking benefits.

3. Token Genesis
Effortless token creation and management.
 
4. Financial Empowerment
Lend, borrow, and track platform statistics for informed decisions.
 
5. Cross-Chain Connectivity
Bridge multiple blockchains, unlocking a plethora of asset interactions.

6. Developer Friendly
Robust Backend API for extending platform functionalities.

7. Bot Integration
The Telegram Bot enhances the DEX experience.

8. MEV Safeguard
Protection against Miner Extractable Value attacks.

9. Mobile Accessibility
Manage your financial portfolio on-the-go with the intuitive mobile app.
 
Tailored Features for Different Users

We all have different interests, profiles and as a logicial consequence, different things we need on a DEX. VersaDex has thought about everyone. Let’s have a look:

For Traders:

Dynamic Trade Optimization (DTO)
Minimize slippage for large orders with this unique feature.

Multi-Modal Order Types
Explore diverse order types tailored for strategic trading.

For Liquidity Providers

Adaptive Liquidity Provision (ALP)
Optimal capital efficiency and reduced impermanent loss.

Yield Amplification
Boost yield potentials through intelligent liquidity routing.

For Developers

Open-Source Protocol Extensions
Extensive documentation and tools for custom protocol extensions.

Automated API Interaction
Real-time notifications and automated interactions through Telegram Bot.


Security & Accessibility

MEV Shield
Robust protection against Miner Extractable Value attacks.

Mobile DeFi Suite
An intuitive mobile application for decentralized finance management on-the-go.

This comprehensive list merely scratches the surface. Stay tuned for more in the next article.

Wishing you a prosperous start to 2024!

VersaDex Links:
Website: https://versadex.finance/
Twitter: https://twitter.com/versadex
3  Alternate cryptocurrencies / Service Discussion (Altcoins) / Learning the new generation python and becoming a dev on: October 25, 2022, 11:19:37 AM
Programming has become more and more important in the modern times, especially in the blockchain and web3 space.

We all know Rust, Solidity, Motoko,...which are popular web3 languages.
Why we advise new devs to start with languages as python and javascript ?

Ten thousand of developers are needed in the Web3 space (if not more...).
While web2 developers will need to learn some new skills, many already have the critical foundation they need in languages like Python and JavaScript. For new devs, javascript and python are a perfect start.

Python is one of the most popular programming languages for data science and web3 development. It's a language that's friendly to beginners and developers..
Because python has a large community, it will also have a lot of libraries and APIs.
As an other bonus, Python is readable and has object-oriented capabilities to make programs easier to read without difficulty.

Later when you want to develop smart contracts on Ethereum for ex, you will need solidity. It is important to know that Solidity is heavily based on C++, Python, and JavaScript, so those who already know one or two of these have a big advantage.

Is it possible to learn python in a fun and easy way?
We thought about that, and how to involve as much new and existing devs in this world.

At Kata.Games we developed a toolkit that gives you the opportunity to develop games with basic python. It's a good way to practice and you create your own Indie game that users can play.
It's on the Stellar Development Foundation blockchain, so you are already in web3 as a +

Is also a good way to involve the new generation, and to get them excited in programming, what will be extremely important for their future.

For those interested in this approach and would like to learn more about python and programming, join us in our discord channel.

We are testing new ideas, helping with python programming, and reward testers with LUDO tokens. Those will be the in game token used for the play2earn and create2earn system.

https://discord.gg/fbSG42j8Kr

What you all think about this approach?
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Play-To-Earn in a world where you can create your own games? on: October 24, 2022, 11:13:11 PM
Thx!

We are now working on an update to make the demo more fluent. As now it works best on Chrome and strong PC's.

See you in our Discord Wink
5  Alternate cryptocurrencies / Altcoin Discussion / Play-To-Earn in a world where you can create your own games? on: October 11, 2022, 11:52:42 AM
We all know the play-to-earn concept by now right?

If not, a little recap:

Play-to-earn is a business model that uses the blockchain technology.
Players can play a game and potentially earn cryptocurrency.

How does all this work?

In play-to-earn games, players can get a hold of potentially valuable in-game assets. That can be anything — from skins or cards to a specific type of cryptocurrency.
The more players play, the more assets they are able to collect, as well as make them more valuable.
Also tasks or quests can be done to get rewards.

In traditional games, these assets are only valuable inside the game in question.
However, in play-to-earn games, they have real-world value.
At any moment, players can transfer these assets to the real world and sell them for cryptocurrency or real money on their own terms.

Moreover, unlike traditional games, these games are decentralized.
This means that the developer isn’t able to control everything.

I already like to play Axie Infinity for ex, but recently discovered a new concept:

Kata Games!

Linktree: https://linktr.ee/katagames

This project is in early Alpha, but I already love the concept!
If you already know Pygame, it is a similar style, but play-to-earn and on the blockchain.

The concept is a create/play/earn system.
Kata Games approach is to make it easy for developers and builders to create Indiegames by providing a single system with all built-in tools.
The games are connected in a fun metaverse, and users can easily play the different created games by moving around in this virtual world.

Is also a great way to get familiar with the python language, as the toolkit will let you use the basics in an easy way.

The token used in game will be build on the Stellar blockchain to start, afterwards it will probably become multichain.

Watch this project closely, it's early phase, but might rise fast to become a new platform for gamers.

If you want to stay UpToDate about token release, start of beta, how to build your own game, contests for gamers and builders,...

Join the Discord server with a nice community of gamers and devs here:
https://discord.com/invite/SHdJhcWvQD

Happy building all Wink
6  Alternate cryptocurrencies / Altcoin Discussion / Women in Web3 : The positive evolution on: July 27, 2022, 10:30:42 AM
The power of #Tanith

Tanith (Tanit) was the mother goddess of fertility and the moon. She was the patron goddess of Carthage and is related to Ishtar and Astarte.
Today, the goddess Tanith remains revered in Ibiza and its ancient temple, a cave with an altar in the center, located on the road to Portinatx and designated "Cova de's Cuieram".

Why Am I talking about a Goddess ❓❓❓

In Ibiza the female energy is very important, as Tanith is part of our Island. I think it is important in #web3 and #blockchain to keep the same balance.
Crypto, like most tech sectors, has received the “boys club” reputation. At its core, crypto was billed as a risky investment.
Women, who are normally more risk averse, shielded away from the initial wave.

I am happy to see we are breaking this trend in the #blockchain space.

Web3 becomes more welcoming when speculation takes a backseat to participation. When people feel like #owners instead of speculators or flippers, they will have a deeper connection to a project. We need more Web3 initiatives that will appeal to humanity’s infinitely-wide range of interests.

How stronger the utility of web3 becomes for humanity, how more we see the deeper connection and the female energy joining the space.

For example, the recent promenade at #Davos was taken over by #crypto #companies as #ICP, exceeding the traditional finance and tech presence, but it was the presence of so #many #women in senior positions representing every segment of the crypto industry that confirmed my firm belief that the future of #web3 is bright.

An April 2022 report saw women’s participation increase over 170% in the last fiscal year. Moreover, women on average made larger initial deposits, and although they traded less frequently, their portfolios showed more structured strategies and focused positions.

Also at the InternetComputer the group of strong female personalities keeps growing. Shruti Sutwala Martina Zlatkova Angela Marie Harp Giulia Guizzardi ...to just name a few of the many.
I can only applause this evolution. Keeping the balance is very important for innovation and development, and the blockchain world is definitely on the right track!

Many thanks to all of you! We need your energy more than ever.
Nathalie Noulhiane Aga Marecka Ioana Surpateanu Daphne Ng Justine Duchamp Melanie Mohr Anita Erker Iva Filipović Ayesha Mubarak Ali 💎Sanja Kon Jillian Godsil, MA, BA (hons) Sarah Renard

What is your opinion about the topic?

(full article : https://www.linkedin.com/feed/update/urn:li:activity:6955165606471966720/)
7  Other / Politics & Society / Women in Web3 : The positive evolution on: July 27, 2022, 10:18:01 AM
The power of #Tanith

Tanith (Tanit) was the mother goddess of fertility and the moon. She was the patron goddess of Carthage and is related to Ishtar and Astarte.
Today, the goddess Tanith remains revered in Ibiza and its ancient temple, a cave with an altar in the center, located on the road to Portinatx and designated "Cova de's Cuieram".

Why Am I talking about a Goddess ❓❓❓

In Ibiza the female energy is very important, as Tanith is part of our Island. I think it is important in #web3 and #blockchain to keep the same balance.
Crypto, like most tech sectors, has received the “boys club” reputation. At its core, crypto was billed as a risky investment.
Women, who are normally more risk averse, shielded away from the initial wave.

I am happy to see we are breaking this trend in the #blockchain space.

Web3 becomes more welcoming when speculation takes a backseat to participation. When people feel like #owners instead of speculators or flippers, they will have a deeper connection to a project. We need more Web3 initiatives that will appeal to humanity’s infinitely-wide range of interests.

How stronger the utility of web3 becomes for humanity, how more we see the deeper connection and the female energy joining the space.

For example, the recent promenade at #Davos was taken over by #crypto #companies as #ICP, exceeding the traditional finance and tech presence, but it was the presence of so #many #women in senior positions representing every segment of the crypto industry that confirmed my firm belief that the future of #web3 is bright.

An April 2022 report saw women’s participation increase over 170% in the last fiscal year. Moreover, women on average made larger initial deposits, and although they traded less frequently, their portfolios showed more structured strategies and focused positions.

Also at the InternetComputer the group of strong female personalities keeps growing. Shruti Sutwala Martina Zlatkova Angela Marie Harp Giulia Guizzardi ...to just name a few of the many.
I can only applause this evolution. Keeping the balance is very important for innovation and development, and the blockchain world is definitely on the right track!

Many thanks to all of you! We need your energy more than ever.
Nathalie Noulhiane Aga Marecka Ioana Surpateanu Daphne Ng Justine Duchamp Melanie Mohr Anita Erker Iva Filipović Ayesha Mubarak Ali 💎Sanja Kon Jillian Godsil, MA, BA (hons) Sarah Renard

What is your opinion about the topic?

(full article : https://www.linkedin.com/feed/update/urn:li:activity:6955165606471966720/)

8  Economy / Economics / Re: Why is it always about price? on: May 23, 2022, 03:36:26 PM
Is true. Still to have a good forecast of what the price can become, is important to follow developments, fundamentals and team of a project.
9  Economy / Economics / Re: Passive income : Bank interest vs staking on: May 23, 2022, 03:32:51 PM
Is totally correct.
10  Economy / Economics / IT'S TIME TO REBUILD, DEVELOP, LEARN, INVEST on: May 19, 2022, 06:17:22 PM
IT'S TIME TO REBUILD, DEVELOP, LEARN, INVEST

I know, it doesn't seem that way.

1️⃣ #inflation is eating our savings (if you have savings...).
2️⃣ #Shortages of food and other goods are likely to get worse.
3️⃣ There’s no visible end to the war in #Ukraine and #Russia (plus we have no idea what #China might do).
4️⃣ #Markets keep falling again and again (isn’t everyone’s portfolio in red?)

🎆That is the end of the bad news show. #History thought us that situations like this do not last.

As painful as they are, #bear markets are survivable, and are even necessary for a market. Unfortunately, some good smaller projects get in trouble during a bear cycle in #crypto, but a lot of bad projects needed to go.

#Bearmarkets have come (and go) plenty of times over the years. And on the other side…there’s another #bull market coming, like always.

Some #cryptos did not survive the bear market of 2017-2018. Plenty of them did.
Just like the .com companies that got wiped off the map after the 2000 crash… While Amazon and Google went on to rule the world.

👍👍👍Time in a bear market could be well spent.

🧠 Focus on #learning about #blockchain, develop useful #skills, create a #network with like-minded people, and all of that while building your #portfolio during a market experiencing some amazing #discounts.

📱Do Your Own Research (AKA #DYOR). Understand why projects as #Bitcoin, #InternetComputer, #Ethereum,...will stay at or rise to the top, while others are long gone from the top 10 of 2017.

#Cycles like this give good projects time to develop, build bigger teams, work on mass adoption plans,...as they don't care about price. They will survive anyway, as they have a #longterm vision. The ones that focused on hype...well....

❗❗❗Don't get caught two steps behind.
If you are focussing on the good projects, you can just relax.
This is #crypto and cycles are normal, they don't last. See it as #discount moments.

Without more words, I will let the historical graphs hereunder speak...They say it all.

Have a great day and chill 😁

Main article with graphs:
https://www.linkedin.com/feed/update/urn:li:activity:6932339971592781824/

#ICP #Develop #MassAdoption #Quality
11  Economy / Economics / Re: Privacy, control and trust. on: May 12, 2022, 05:37:13 PM
Luna is a great example of trust being abused...
12  Economy / Economics / Re: Passive income : Bank interest vs staking on: May 06, 2022, 08:45:15 AM
Staking is very profitable and I have done it for 2 years in several Dex and Spot Exchanges, of course when compared to Bank Interest is very far, and in my opinion staking is more worth doing, for example I Autostaking in Pancakeswap and gets APY about 65% because I focus and make a coin What I stakes as a long -term investment.
nominal bank interest is not much, and the benchmark is inflation, even bank interest cannot cover the increase in inflation, but our nominal money will remain the same at any time, while staking will be very beneficial for the long term and the selection of coins that have the potential in the future, so that this is like an investment that has interest, but for that there is a risk, different from saving

Especially with the inflation rate now....
13  Economy / Economics / Re: Privacy, control and trust. on: May 04, 2022, 09:47:14 AM
Decentralization is a work in progress. Will we have a 100% decentralized ecosystem, I doubt it. We will definitely move to more decentralization, where decisions will be community based.

It can never be as bad as it is now in my opinion. Now facebook, governments, spotify, youtube,.... have full control.
Very dangerous.
14  Economy / Economics / Privacy, control and trust. on: April 26, 2022, 01:10:30 PM
Privacy, control and trust.
Is decentralization the key?

The same word keeps coming back over and over when reading about WEB3: #decentralization .
#bitcoin being a decentralized currency, #ethereum trying to be a decentralized ecosystem, #dapps (decentralized applications),...we can continue for a while...

Why the focus on #decentralization in #Web3?

📱Let’s do a small recap.

A decentralized web (Web3) relies on a peer-to-peer network built upon a community of users. Every website or application gets distributed across hundreds of nodes located on different devices.

This reduces the chance of a server crash, #hackers taking down a website, losing your data or an authoritarian government taking control of and/or censoring opinions. It removes TRUST out of the equation, everything is transparent on the #blockchain and not controlled by one entity, it's community driven.

but 🤔⁉️ what’s the difference with #WEB2?

Web 2.0 is what we are experiencing at the moment. Companies develop and provide products and services in a centralized manner. Facebook for example:
Do you think you own your #Facebook pictures? No, the company owns everything on the platform, and they have complete control of all the content that users create there. If they want to ban you or block you, they will do it. You have no control over your own data.
This gives a huge amount of power to a centralized entity…that maybe you don’t even #trust.

Web 3.0 is a concept for the next generation of the internet. It is the evolution of how users are able to #control and #own their creations and online content, digital assets and online identities.

“The promise of #Web3 is building new web protocols and infrastructure that should allow developers to build apps where users bring their own data and where identity is no longer tied to any specific platform,” to quote Biilmann.
 
🧠 Are you excited to try decentralization in Web3?

The Internet Computer (#IC) is a good place to start. You can already experiment in a decentralized environment, where you control your own assets in a community driven ecosystem.

Here are already some of the possibilities:
🛠 Build anything on the Blockchain - front-end and back-end
❌ Develop a Downtime proof web service
🔗 Build Community-based ownership & voting systems
💲 Build it affordably

https://www.linkedin.com/feed/update/urn:li:activity:6924339061574791169/

What is your opinion about decentralization?
15  Economy / Economics / Re: Why is it always about price? on: April 25, 2022, 10:22:51 AM
Thank you all for the interesting point of views.

Is true that staff needs to be paid, and for that price is important. Still, we are getting to a point where NFTs, Metaverse, layer 1 ecosystems, DeFi,...is starting to have an end product. So progress is here.


I am also sure we would have advanced faster without the crazy speculation in margins etc...At the moments the ones taking the most profit, aren't the ones developing, but high level speculators, as the small fishes usually lose. I am confident that will change.
16  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 22, 2022, 08:34:09 AM
Saving money in the bank is not as profitable as staking but we cannot deny that it ensures the safety of our money.

It is the right choice for the elderly because they focus on safety, they are not like us who can take risks to get bigger rewards. Staking brings high rewards but also contains potential risks if we choose the wrong coin. Therefore, should allocate assets reasonably, should not invest all in one place.
if we want safest way, maybe staking stable coin in any decentralized exchanges could be the solution.its annual rate still above deposit rate in several countries. maybe the problem is the exchanges security in future, there is no one it could avoided from hacking case . year by year hacking case in crypto market increase dramatically , and we must concern with this.
One of the biggest or main hindrance or reason on why we do really hesitate on making out such option due to security or scam or hacking involvement on where we cant really assure on a years time there
wont really be those kind of probability which we would really be thinking off on our investment for that long.Yes, we could possibly earn more than on what we could earn in banks but the risk involved
would really be still high and if you could able to bare it out then go ahead but im sure that most people wont really be that seeing this thing to be appealing.

That's why doing research is so important. If you know the team of projects and the roadmap + what is the possible utility for mainstream in the future...Can help a lot in making the right choices. DYOR
17  Economy / Economics / Re: Why is it always about price? on: April 21, 2022, 06:16:41 PM
I agree that there is a lot of overhyped stuff in the space, but also the best of the best in tech.

Don't think so many big players are investing in overhyped air...There are cryptos in WEB3 with a lot of potential, but we are still in early phase.
That's why I also believe in talking more about the utility and fundamentals than over price action.

18  Economy / Economics / Why is it always about price? on: April 21, 2022, 11:01:08 AM
Why is it always about price?

In this topic I want to talk about something that frustrated me a bit in the last months (the correction…you know...) : The obsession with price.

When I was drinking my coffee last week, and was reading through my favourite #crypto socials, 90% of the info I saw was about price. #Bitcoin not holding support, a selloff in #XRP coming in, #Chainlink continuing a downtrend pattern, this was a bear trap, we go under 20k,…

Shouldn’t we rather talk a bit more about fundamentals or/and all the positive news happening in the space? When the nights are dark and full of terrors, shouldn’t we bring some light?

Web3 has so much potential. It is a technology that has the chance to have a bigger impact on society than the launch of the Internet.
I quote David García, professor, researcher and consultant specialized in blockchain;
(Translated from Spanish, full article here : https://blog.ibizatoken.com/david-garcia-the-problem-with-blockchain-is-that-people-see-it-as-just-another-technology-but-its-not-its-a-sociological-shift)

“The most interesting aspect of blockchain is that it can change society and that it has the economic incentives needed to bring about this change. Blockchain allows you to do financial social experiments instantly and globally."

Having the opportunity to be connected globally in a decentralized way and having #decentralized ecosystems communicating with each other worldwide, is something big… It can be the begin of a new type of society, one that is more transparent, more efficient, more…well…better. You got my point…the possibilities are just endless.

As you all noticed, I don’t talk much about price action on my channels (more interesting things were happening in web3), especially not if it’s just negative (sometimes incorrect) information…Is not really a motivator for new padawans that just joined the space…

This Is just an opinion, and I understand trading is part of the game,… a little adjustment in the amounts of information about the essentials of what we are doing, could only help mainstream adoption, in my humble opinion. Most of you got hooked like me, so you are also convinced about the potential of the technology, and you know it’s just about getting the word out about the fundamentals and the utility.

To end, a big up to all of you already spreading all the good and interesting news about blockchain and web3, as I am reading/watching/listening you too 😉

As a little help, here are some examples of good news happening right now:

1)    #Ethereum still processed 35.99M transactions in 03/2022, in 03/2020 this was 22.75M. Not a bad evolution in 2 years, isn’t it? And this before 2.0.

2)    Canister smart contracts running on the #InternetComputer blockchain have surpassed 43,000. Begin December last year, it was only around 15000…(see infographic hereunder)

3)    Monthly #Chainlink VRF requests grew to 4.4 million in 03/2022. Begin December last year they were around 2.5M.

https://twitter.com/Pattey_Web3_ICP

Full article:
https://www.linkedin.com/feed/update/urn:li:activity:6920047775606833152/
19  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 21, 2022, 10:55:04 AM
You can also turn your point around. If you know a project had a all time high of 424 and went to 17, if you start staking at 17, your chances of bigger gains are much higher. Especially if you follow the fundamentals, the updates, the team,...you can clearly see we are not talking about a dead project.

Lol, fundamentals updates, team...all that crap.

I don't know how long you have been in crypto, but corrections of 80 to 95% are noting new to me. Its exactly the time I start paying attention. I am not going to buy a crypto that went 10x, 20x, 50x,...no, I buy after a correction. If you check historical price graphs of the past of good crypto projects, check what happened after a correction of 95%...a new all time high....exactly.

I've been long enough in crypto to understand that the whole roadmap team projects such much wow is pure garbage.
Once a coin is out of the hype bandwagon it dies, a slow and painful death.
Should I remind you that EOS got 4 billion in an ICO? That Dash was claiming to have millions of users and climbing about bitcoin in usage? Where are NEM, Decreed, Stroj, Chia, Dao?

Also, why should I check the graph when I'm just pointing you a graph, the one where this shit went down 95% and it's still going down.
So how do you know now is the time when you should be buying and it wasn't 30$ it wasn't 25$ and it's not 1$ or 7$.

The fact is:
- if you would have bought the coins at the start instead of 420$ you would have 22$.
- if I would have put my money in a bank I would have now 424$.

Also, I've been long enough on this forum to know you're shilling the shit out of this shit well before even checking your post history:
https://bitcointalk.org/index.php?topic=5390274.msg59562281#msg59562281
What a surprise /s

Its a point of view.
I would say what about Ethereum, Polygon, Sandbox, MANA,... So many examples of cryptos that have healthy corrections during their lifecycle, but have in a 5 year time a huge progress.

And yes, now a lot of projects went down hard, but I repeat, lets talk again end 2022. Wink
When I stake I am not thinking short term, I am in for the long run.
DYOR, as it is indeed important to stake in good projects that have the potential to keep growing.
20  Economy / Economics / Re: Passive income : Bank interest vs staking on: April 14, 2022, 10:35:53 AM
This is not a good way to earn interest. Basically you need to own the underlying and what happens if it loses 99% of its value? There are way too many scam tokens out there which promise 100% APY to get people to buy them and then they lose all their value. Compared to the two I rather just keep it inside a bank earning nothing rather than lose 99% value.

If you want to stake do ETH or lend your stablecoins on a regulated exchange. Use 2fa and white listed addresses and be smart about security. Much better than the token he mentioned.

It is a fact that if you invest in scams, whatever you do, your money is gone.

Also, when something looks to good to be true, it probably is. There are some, but very very few, that will promise you 100% APY+, and are not scams.

Still, there are much more good projects out there than ETH (with all respect to them) or Stablecoins to stake, with higher APY then 5 or 10%.
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