Bitcoin Forum
December 02, 2021, 07:32:15 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Best place to get Yield on Stable Coins and other questions?  (Read 164 times)
very_452001
Sr. Member
****
Offline Offline

Activity: 1059
Merit: 270



View Profile
October 19, 2021, 11:16:33 PM
Last edit: October 20, 2021, 02:05:44 PM by very_452001
 #1

Hi,

Stable coins such as USDC, Dai, GUSD and UST.

I'm looking for APY instead of APR cause interest does not get compounded in APR.

I prefer fixed rate over variable rate.

I prefer flexibility on my stable coins instead of locking them in a set time period.

I like to get the highest Yield and pay the less fees as possible.

If I use a centralized service like block-fi then will block-fi lend my deposit/balance out and if the borrower of my deposit/balancer defaults then will I lose all my money and block-fi will be liable for this loss?

For decentralized services, does this mean I have control of my private keys over my stable coins when lending them out? Also which Protocol in De-Fi is the most Audited and least risky? Are all De-Fi protocols have open-source code?

What is 'Loss of Principal' and 'Rug Pull' means?

If I lend GUSD on its own official Gemini Earn website then is my GUSD protected from any counterparty risks and borrowers defaults?

So in summary for centralized services there's counterparty risks and for decentralized services there's de-fi protocol risk correct? After weighing both which one you recommend I choose?

From all these questions answered what's the best centralized and decentralized sites out there?



1638430335
Hero Member
*
Offline Offline

Posts: 1638430335

View Profile Personal Message (Offline)

Ignore
1638430335
Reply with quote  #2

1638430335
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
jackg
Copper Member
Legendary
*
Offline Offline

Activity: 2310
Merit: 2262


https://bit.ly/387FXHi ← lightning theory


View Profile
October 20, 2021, 01:22:36 AM
 #2

I'm not sure anywhere in the defi space will offer you fixed rates on your returns but I'm not too sure how they work - some might.

Sites like https://defipulse.com might provide more information on current interest rates but you should really check the tokens and their credibility before considering investing.

I think decentralised exchanges might be safer that some centralised ones andvice versa so that'll be something you should take on a case by case basis. If you want to forget about your investment though, a dex is probably safer (but both might be at risk of exit scamming if they're not audited).

Centralised exchanges also might be quick to leave users liable too for the exchanges loss - depending on the exchange.

passwordnow
Hero Member
*****
Offline Offline

Activity: 2058
Merit: 534



View Profile
October 20, 2021, 10:10:13 AM
 #3

There are 4 stable coins that Abra supports for their earn feature which is what you're looking for and that's for yielding/staking. It's not as high as you might think to know that they're a legit service and they've got seed funding for 8 rounds which they've made $106M.
Their link: https://www.abra.com/earn/

Duelbits            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀

Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█

Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █

Blackjack
|              ▄▄▀▀█▌
          ▄▄▀█▄    █
        ▄▀     ▀▄▄ █
       █    ▄▄    ▀█
    ▄▄█    █  █   ▐▌
  ▄▀ █      ▀▀    █
▄▀  ▐▌           █
█ ▄▀▀▄▄        ▄▀
▀▀  ▄  ▀▄▄   ▄▀█
  ▄▀   ▄  ▀█▀  █
   ▄▀ ▄▀   █  █
  ▄▀ █     █▄▀
   ▄▀
NEW GAME!
..CRASH...
|||
[ Đ ][ Ł ]
AVAILABLE NOW
very_452001
Sr. Member
****
Offline Offline

Activity: 1059
Merit: 270



View Profile
October 20, 2021, 02:33:02 PM
 #4

I'm not sure anywhere in the defi space will offer you fixed rates on your returns but I'm not too sure how they work - some might.

Sites like https://defipulse.com might provide more information on current interest rates but you should really check the tokens and their credibility before considering investing.

I think decentralised exchanges might be safer that some centralised ones andvice versa so that'll be something you should take on a case by case basis. If you want to forget about your investment though, a dex is probably safer (but both might be at risk of exit scamming if they're not audited).

Centralised exchanges also might be quick to leave users liable too for the exchanges loss - depending on the exchange.

Which De-Fi tokens is know for good credibility?

Okay you know of any good Dex's that have been audited? These Dex's have open-source code right?

Thanks,
Anonylz
Hero Member
*****
Offline Offline

Activity: 2128
Merit: 565


Next Gen Cross Chain DEX


View Profile
October 22, 2021, 03:31:37 AM
 #5

I'm not sure anywhere in the defi space will offer you fixed rates on your returns but I'm not too sure how they work - some might.

Sites like https://defipulse.com might provide more information on current interest rates but you should really check the tokens and their credibility before considering investing.

I think decentralised exchanges might be safer that some centralised ones andvice versa so that'll be something you should take on a case by case basis. If you want to forget about your investment though, a dex is probably safer (but both might be at risk of exit scamming if they're not audited).

Centralised exchanges also might be quick to leave users liable too for the exchanges loss - depending on the exchange.

Which De-Fi tokens is know for good credibility?

Okay you know of any good Dex's that have been audited? These Dex's have open-source code right?

Thanks,

From the defipulse website you can see that Aave is the top defi there, perhaps you can do a little reading about it's credibility, and as for dex that has been audited, maybe you should take a look https://cryptopotato.com/only-8-of-all-examined-decentralized-exchanges-are-safe-report/ you will find your answer there.

███████████████████████████
██████████▀▀         ▀▀████
█████████▀              ▀██
█████████   ▐████████▌   ██
███▀▀             ███▌   ██
██▀               ███▌   ██
██   ▐███████████████▌   ██
██   ▐███               ▄██
██   ▐███            ▄▄████
██   ▐████████▌   █████████
██▄              ▄█████████
███▄▄         ▄▄███████████
███████████████████████████
.
.crosswise.
..........Next Gen Cross-Chain DEX..........
|   TELEGRAM   |    TWITTER    |    DISCORD    |     MEDIUM     |  INSTAGRAM  |
.
...SIGN IN...
GreatArkansas
Legendary
*
Offline Offline

Activity: 1428
Merit: 1185


Telegram Bot - @BitcointalkProjectBot


View Profile WWW
October 22, 2021, 10:37:15 AM
 #6

I have already tried, Avalance, Polygon, Binance Smart Chain, and Solana Network.
But the best for me is on Solana Network, if you try to explore the Solana network, they got very lot of options for your stable coins, but I can suggest you try Saber, add a liquidity pool and use the LP tokens in Sunny aggregator. Or try also the Orca in Solana network too.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
slaman29
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 592


There's only one fun place to Blackjack


View Profile
October 22, 2021, 12:01:48 PM
 #7

So many questions, OP. And please, instead of asking here, just go to CMC or Binance and take their Defi university free course. You'll learn much more. Seriously. I'm not making fun of you, just you'll get more information and more accuracy there.

But also if you really want a good simple start, go to Pancakeswap and then get information from their FAQ. It doesn't get easier than Pancakeswap.

...BLACK........
...JACK
.FUN...
   ▄▄▄▄▄▀▀███▄▄ ▄
 ▀▀██████▀▀▀▀███▄█
 ███▄▄▀▀▀▀▀▀▀▄▀█▀█▌
▐██             ██▌
 █▌             ▐█
 ▐▀██████▄██████▀▌
 ▐ ▀████▀ ▀████▀ ▌
 █▌             ▐█
▐██▄ ▄▄▄███▄▄▄ ▄██▌
 ▐████▀▀▄▄▄▀▀████▌
  ███████████████
   ▀█▀███████▀█▀
     ▀ █████ ▀
.▄█████████████████████████▄
███▀█████████▀█████████▀███
██▄ ▄███████▄ ▄███████▄ ▄██
███▀▀████████▀████████▀▀███
███▌  ▄▀▀██▀▄█▄▀██▀▀▄  ▐███
████ █▄▀█▀▄██▀██▄▀█▀▄█ ████
████▌▐██▄██▀▄▀▄▀██▄██▌▐████
█████ ██████▄▀▄██████ █████
█████▌▐█████████████▌▐█████
██████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██████
██████ █▄█▄█▄█▄█▄█▄█ ██████
██████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██████
▀█████████████████████████▀
▄█████████████████████████▄
█████▀▀▄▄▄▄▄▄▄▄▄▀▀█████████
███▀▄██  █   █  ██▄▀███████
███ █▀▀▀▀▀▀▀▀▀▀▀▀▀█ ██▀▀▀██
███ █ ███ ███ ███ █ ██ ▀ ██
███ █ ███ ███ ███ █ ███ ███
███ █ ▀▀▀ ▀▀▀ ▀▀▀ █ ███ ███
███ ████▀▀▀▀▀▀▀████ ███ ███
███ ████ ▀ ▀ ▀ ████ ▄ █ ███
███ █▀▀▀▀▀▀▀▀▀▀▀▀▀█ █ ▄▄███
███ █ ▀▀▀▀▀▀▀▀▀▀▀ █ ▄▄█████
███▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄███████
▀█████████████████████████▀
      ▄█
     ███▌
 ██▄ ▀█▀
 ▀██▌▄▀▄██
█▄ ▀ █ █▀
▀██▄▐▌  ▄█
▄ ▀▀▐▌ ██▀
 ███ █ ▀ ▄█▄
  ▀▀▀ █  ██▀
  ███▄ █ ▀ ▄█▄
   ▀▀▀▀ ▀▄ ███
     ▄██▄ ▀▄▀
      ▀▀▀▀  ▀▄
      █▄
     ▐███
      ▀█▀ ▄██
    ██▄▀▄▐██▀
     ▀█ █ ▀ ▄█
    █▄  ▐▌▄██▀
    ▀██ ▐▌▀▀ ▄
  ▄█▄ ▀ █ ███
  ▀██  █ ▀▀▀
▄█▄ ▀ █ ▄███
███ ▄▀ ▀▀▀▀
 ▀▄▀ ▄██▄
▄▀  ▀▀▀▀
|
...0.28%...
HOUSE EDGE
|
...24HRS...
FREEROLLS
|..
  PLAY NOW 
very_452001
Sr. Member
****
Offline Offline

Activity: 1059
Merit: 270



View Profile
October 22, 2021, 05:00:50 PM
Last edit: October 24, 2021, 05:59:52 AM by mprep
 #8

I'm not sure anywhere in the defi space will offer you fixed rates on your returns but I'm not too sure how they work - some might.

Sites like https://defipulse.com might provide more information on current interest rates but you should really check the tokens and their credibility before considering investing.

I think decentralised exchanges might be safer that some centralised ones andvice versa so that'll be something you should take on a case by case basis. If you want to forget about your investment though, a dex is probably safer (but both might be at risk of exit scamming if they're not audited).

Centralised exchanges also might be quick to leave users liable too for the exchanges loss - depending on the exchange.

Which De-Fi tokens is know for good credibility?

Okay you know of any good Dex's that have been audited? These Dex's have open-source code right?

Thanks,

From the defipulse website you can see that Aave is the top defi there, perhaps you can do a little reading about it's credibility, and as for dex that has been audited, maybe you should take a look https://cryptopotato.com/only-8-of-all-examined-decentralized-exchanges-are-safe-report/ you will find your answer there.

Okay the results in the report in that link still stands this year as the report was written last year.



I have already tried, Avalance, Polygon, Binance Smart Chain, and Solana Network.
But the best for me is on Solana Network, if you try to explore the Solana network, they got very lot of options for your stable coins, but I can suggest you try Saber, add a liquidity pool and use the LP tokens in Sunny aggregator. Or try also the Orca in Solana network too.

Which you think is better out of orca and saber for Solana?

What are LP tokens in Sunny Aggregator?



So many questions, OP. And please, instead of asking here, just go to CMC or Binance and take their Defi university free course. You'll learn much more. Seriously. I'm not making fun of you, just you'll get more information and more accuracy there.

But also if you really want a good simple start, go to Pancakeswap and then get information from their FAQ. It doesn't get easier than Pancakeswap.

Okay I been to the FAQ and it mentions Certik's Shield Insurance called Shentu Shield here:

https://shield.certik.foundation/

Does this insurance protects me on Certik's audit approved de-fi sites?

Is shentu shield decentralized insurance  Huh


[moderator's note: consecutive posts merged]
pealr12
Hero Member
*****
Offline Offline

Activity: 1736
Merit: 502


Crosswise - Next Gen Cross-Chain


View Profile
October 22, 2021, 06:46:44 PM
 #9

Maybe in the dex platform you decided to choose, you can ask them what insurance protects you as a user in the platform, they should be on better position to respond to all your queries since they have access to inside information, there is not much Forum members can do for you.

███████████████████████████
██████████▀▀         ▀▀████
█████████▀              ▀██
█████████   ▐████████▌   ██
███▀▀             ███▌   ██
██▀               ███▌   ██
██   ▐███████████████▌   ██
██   ▐███               ▄██
██   ▐███            ▄▄████
██   ▐████████▌   █████████
██▄              ▄█████████
███▄▄         ▄▄███████████
███████████████████████████
.
.crosswise.
..........Next Gen Cross-Chain DEX..........
|   TELEGRAM   |    TWITTER    |    DISCORD    |     MEDIUM     |  INSTAGRAM  |
.
...SIGN IN...
very_452001
Sr. Member
****
Offline Offline

Activity: 1059
Merit: 270



View Profile
October 22, 2021, 08:39:13 PM
Last edit: October 22, 2021, 10:58:13 PM by very_452001
 #10

Coming back here, so the riskiest way to get yield is liquidity mining and yield farming correct?

When I lend my coins/tokens on a centralized service like block fi, Celsius or nexo, do these centralized services use my coins/tokens for liquidity mining or yield farming or do they simply lend out to other users/borrowers on these platforms that they have to put down collateral?

Lastly when comes to staking which is the most risky? Pure Proof of stake of Delegate Proof of Stake?

Apart from Ethereum, which other blockchain has good decentralization like ethereum at cheap fees? For example BSc Binance Smart Chain has cheap fees but not as decentralized as Ethereum.

  
slaman29
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 592


There's only one fun place to Blackjack


View Profile
October 23, 2021, 10:56:40 AM
 #11

Okay I been to the FAQ and it mentions Certik's Shield Insurance called Shentu Shield here:

https://shield.certik.foundation/

Does this insurance protects me on Certik's audit approved de-fi sites?

Is shentu shield decentralized insurance  Huh


Forget it. Most of the hacks I knew about from 2020 and early 2021 when I was really following the defi space more actually had Certik audits done and proudly bore Certik certification. Certik just makes it one step safer, but apparently the guys over there aren't that great as they couldn't see the exploits like the actual hackers could.

But to answer you: shentu shield IS insurance, but you have to buy the coverage. Like any regular insurance. about 0.8% of total covered amount, every 3 weeks.

...BLACK........
...JACK
.FUN...
   ▄▄▄▄▄▀▀███▄▄ ▄
 ▀▀██████▀▀▀▀███▄█
 ███▄▄▀▀▀▀▀▀▀▄▀█▀█▌
▐██             ██▌
 █▌             ▐█
 ▐▀██████▄██████▀▌
 ▐ ▀████▀ ▀████▀ ▌
 █▌             ▐█
▐██▄ ▄▄▄███▄▄▄ ▄██▌
 ▐████▀▀▄▄▄▀▀████▌
  ███████████████
   ▀█▀███████▀█▀
     ▀ █████ ▀
.▄█████████████████████████▄
███▀█████████▀█████████▀███
██▄ ▄███████▄ ▄███████▄ ▄██
███▀▀████████▀████████▀▀███
███▌  ▄▀▀██▀▄█▄▀██▀▀▄  ▐███
████ █▄▀█▀▄██▀██▄▀█▀▄█ ████
████▌▐██▄██▀▄▀▄▀██▄██▌▐████
█████ ██████▄▀▄██████ █████
█████▌▐█████████████▌▐█████
██████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██████
██████ █▄█▄█▄█▄█▄█▄█ ██████
██████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██████
▀█████████████████████████▀
▄█████████████████████████▄
█████▀▀▄▄▄▄▄▄▄▄▄▀▀█████████
███▀▄██  █   █  ██▄▀███████
███ █▀▀▀▀▀▀▀▀▀▀▀▀▀█ ██▀▀▀██
███ █ ███ ███ ███ █ ██ ▀ ██
███ █ ███ ███ ███ █ ███ ███
███ █ ▀▀▀ ▀▀▀ ▀▀▀ █ ███ ███
███ ████▀▀▀▀▀▀▀████ ███ ███
███ ████ ▀ ▀ ▀ ████ ▄ █ ███
███ █▀▀▀▀▀▀▀▀▀▀▀▀▀█ █ ▄▄███
███ █ ▀▀▀▀▀▀▀▀▀▀▀ █ ▄▄█████
███▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄███████
▀█████████████████████████▀
      ▄█
     ███▌
 ██▄ ▀█▀
 ▀██▌▄▀▄██
█▄ ▀ █ █▀
▀██▄▐▌  ▄█
▄ ▀▀▐▌ ██▀
 ███ █ ▀ ▄█▄
  ▀▀▀ █  ██▀
  ███▄ █ ▀ ▄█▄
   ▀▀▀▀ ▀▄ ███
     ▄██▄ ▀▄▀
      ▀▀▀▀  ▀▄
      █▄
     ▐███
      ▀█▀ ▄██
    ██▄▀▄▐██▀
     ▀█ █ ▀ ▄█
    █▄  ▐▌▄██▀
    ▀██ ▐▌▀▀ ▄
  ▄█▄ ▀ █ ███
  ▀██  █ ▀▀▀
▄█▄ ▀ █ ▄███
███ ▄▀ ▀▀▀▀
 ▀▄▀ ▄██▄
▄▀  ▀▀▀▀
|
...0.28%...
HOUSE EDGE
|
...24HRS...
FREEROLLS
|..
  PLAY NOW 
very_452001
Sr. Member
****
Offline Offline

Activity: 1059
Merit: 270



View Profile
October 23, 2021, 01:11:38 PM
 #12

Okay I been to the FAQ and it mentions Certik's Shield Insurance called Shentu Shield here:

https://shield.certik.foundation/

Does this insurance protects me on Certik's audit approved de-fi sites?

Is shentu shield decentralized insurance  Huh


Forget it. Most of the hacks I knew about from 2020 and early 2021 when I was really following the defi space more actually had Certik audits done and proudly bore Certik certification. Certik just makes it one step safer, but apparently the guys over there aren't that great as they couldn't see the exploits like the actual hackers could.

But to answer you: shentu shield IS insurance, but you have to buy the coverage. Like any regular insurance. about 0.8% of total covered amount, every 3 weeks.

Okay lets say for example I want to insure $100 of Dai stable coins on De-Fi, the insurance will cost 80 cents that I have to buy this premium and renew the insurance policy every 3 weeks to be covered?

If shentu shield is a decentralized service then I am curious to know how do I make a insurance claim on it if a hack happens  Huh
slaman29
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 592


There's only one fun place to Blackjack


View Profile
October 24, 2021, 06:00:33 AM
 #13

Okay lets say for example I want to insure $100 of Dai stable coins on De-Fi, the insurance will cost 80 cents that I have to buy this premium and renew the insurance policy every 3 weeks to be covered?

If shentu shield is a decentralized service then I am curious to know how do I make a insurance claim on it if a hack happens  Huh

That I cannot guarantee.

If it works as it should yes it is distributed (anyone can insure you or pool together funds to insure you). But the code, the hosting that is still centralized.

And you must look for the people willing to insure you. You put your offer out there and "buy" the insurance if there is enough people willing to back you.

The claim process is the problem. That is not fully decentralized as you must prove or the smart contract must prove it happened. THIS is where even I am not sure of.

...BLACK........
...JACK
.FUN...
   ▄▄▄▄▄▀▀███▄▄ ▄
 ▀▀██████▀▀▀▀███▄█
 ███▄▄▀▀▀▀▀▀▀▄▀█▀█▌
▐██             ██▌
 █▌             ▐█
 ▐▀██████▄██████▀▌
 ▐ ▀████▀ ▀████▀ ▌
 █▌             ▐█
▐██▄ ▄▄▄███▄▄▄ ▄██▌
 ▐████▀▀▄▄▄▀▀████▌
  ███████████████
   ▀█▀███████▀█▀
     ▀ █████ ▀
.▄█████████████████████████▄
███▀█████████▀█████████▀███
██▄ ▄███████▄ ▄███████▄ ▄██
███▀▀████████▀████████▀▀███
███▌  ▄▀▀██▀▄█▄▀██▀▀▄  ▐███
████ █▄▀█▀▄██▀██▄▀█▀▄█ ████
████▌▐██▄██▀▄▀▄▀██▄██▌▐████
█████ ██████▄▀▄██████ █████
█████▌▐█████████████▌▐█████
██████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██████
██████ █▄█▄█▄█▄█▄█▄█ ██████
██████▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██████
▀█████████████████████████▀
▄█████████████████████████▄
█████▀▀▄▄▄▄▄▄▄▄▄▀▀█████████
███▀▄██  █   █  ██▄▀███████
███ █▀▀▀▀▀▀▀▀▀▀▀▀▀█ ██▀▀▀██
███ █ ███ ███ ███ █ ██ ▀ ██
███ █ ███ ███ ███ █ ███ ███
███ █ ▀▀▀ ▀▀▀ ▀▀▀ █ ███ ███
███ ████▀▀▀▀▀▀▀████ ███ ███
███ ████ ▀ ▀ ▀ ████ ▄ █ ███
███ █▀▀▀▀▀▀▀▀▀▀▀▀▀█ █ ▄▄███
███ █ ▀▀▀▀▀▀▀▀▀▀▀ █ ▄▄█████
███▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄███████
▀█████████████████████████▀
      ▄█
     ███▌
 ██▄ ▀█▀
 ▀██▌▄▀▄██
█▄ ▀ █ █▀
▀██▄▐▌  ▄█
▄ ▀▀▐▌ ██▀
 ███ █ ▀ ▄█▄
  ▀▀▀ █  ██▀
  ███▄ █ ▀ ▄█▄
   ▀▀▀▀ ▀▄ ███
     ▄██▄ ▀▄▀
      ▀▀▀▀  ▀▄
      █▄
     ▐███
      ▀█▀ ▄██
    ██▄▀▄▐██▀
     ▀█ █ ▀ ▄█
    █▄  ▐▌▄██▀
    ▀██ ▐▌▀▀ ▄
  ▄█▄ ▀ █ ███
  ▀██  █ ▀▀▀
▄█▄ ▀ █ ▄███
███ ▄▀ ▀▀▀▀
 ▀▄▀ ▄██▄
▄▀  ▀▀▀▀
|
...0.28%...
HOUSE EDGE
|
...24HRS...
FREEROLLS
|..
  PLAY NOW 
George199
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile
October 24, 2021, 07:03:09 PM
 #14

Hello, I use celsius.network and I am very contented with this service. They offer 8,88% APY for USDT, BUSD and USDC.

If you write refferal code 105060db61 in registration process, and deposit at least 400 USD, you will get 50usd as bonus after 30 days.

You will get your interest every Monday  Wink

Company manages more than 26.4 bilion USD. They have been never hacked.
very_452001
Sr. Member
****
Offline Offline

Activity: 1059
Merit: 270



View Profile
October 25, 2021, 09:24:53 PM
Last edit: November 23, 2021, 01:39:07 PM by mprep
 #15

Okay lets say for example I want to insure $100 of Dai stable coins on De-Fi, the insurance will cost 80 cents that I have to buy this premium and renew the insurance policy every 3 weeks to be covered?

If shentu shield is a decentralized service then I am curious to know how do I make a insurance claim on it if a hack happens  Huh

That I cannot guarantee.

If it works as it should yes it is distributed (anyone can insure you or pool together funds to insure you). But the code, the hosting that is still centralized.

And you must look for the people willing to insure you. You put your offer out there and "buy" the insurance if there is enough people willing to back you.

The claim process is the problem. That is not fully decentralized as you must prove or the smart contract must prove it happened. THIS is where even I am not sure of.

Do you mean the code and the hosting of the insurance is centralized?

So the insurance service is like a auction that is the highest offer/bidder gets the insurance?



Coming back here.

What is Blind Signing Smart Contracts risks?

So all those methods we discussed earlier in this thread has to involve Blind Signing security risk?

[moderator's note: consecutive posts merged]
very_452001
Sr. Member
****
Offline Offline

Activity: 1059
Merit: 270



View Profile
November 11, 2021, 10:43:40 PM
 #16

Bump anyone can help on the following:

What is Blind Signing Smart Contracts risks? All of De-Fi involves blind signing?
joniboini
Legendary
*
Offline Offline

Activity: 1498
Merit: 1554


Buy $BGL before it's too late!


View Profile
November 13, 2021, 06:08:31 AM
 #17

I think you should open a new thread if you want to discuss about blind signing. Have you tried to scroll through Google before btw? I think there are great articles out there which explain blind signing to some point, such as https://www.ledger.com/academy/cryptos-greatest-weakness-blind-signing-explained.

If you want to continue discussing this, my suggestion is create a new thread on Altcoin discussion instead of continue posting here, since the topic is quite different.

.
.......Bitgesell's first yearly halving is coming in less than a month!.......
        ██████████████▄▄▄
       ▐███████████████████▀
       ████████████████▀▀
                    ▀
                            ▄▄
      ███████████       ▄▄████
     ▐██████████▌      ███████
     ███████████      ███████▀
    ▐██████▌         ███████▀
    ███████       ▄▄███████▀
   ▐██████████████████████▀
  ▄█████████████████████▀
▄██████████████████▀▀▀
███████████████████████████
███████████████████████████
███████████████████████████
██████▀███████▀   ▀▀▀▄█████
█████▌  ▀▀███▌       ▄█████
█████▀               ██████
█████▄              ███████
██████▄            ████████
███████▄▄        ▄█████████
██████▄       ▄████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
██████████████████▀▀███████
█████████████▀▀▀    ███████
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
█████████▌▐       █████████
██████████ ▄██▄  ██████████
████████████████▄██████████
███████████████████████████
███████████████████████████
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!