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Author Topic: By holding stablecoins, you earn a steady 5% per day  (Read 383 times)
Alma Aimee Brown (OP)
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November 25, 2021, 10:52:27 PM
 #1

I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?
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November 25, 2021, 11:04:28 PM
 #2

I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?
It's about investor's risk appetite and some people are willing more than others. You should also consider the timing and the current market condition. Many of us thinks that we are still in a bull run so these volatile cryptocurrencies has a higher chance to yield more profit. Holding and staking them while waiting for their value to pump is a logical choice.

Another thing is "decentralization" vs. centralization or DeFi vs. CeFi. I'm not sure about the APRs or APYs but I know there are many Yield Farming platforms that has stable coin liquidity pools.
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November 25, 2021, 11:04:33 PM
 #3

That's not 5% per day.

That's too good to be true if there are platforms that offer that for real. They're per annum.

If a platform offers you that.

Two things.

1. They're offering it to unknown altcoins that are likely to be pumped and dumped.

2. Likely a scam.

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Alma Aimee Brown (OP)
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November 25, 2021, 11:53:33 PM
Last edit: November 28, 2021, 11:20:39 AM by mprep
 #4

Perhaps. Maybe I don't know enough about it. However, as an investment or financial management, WHAT I care more is that I do not need to take any risks. Despite the high risks and high returns, I am satisfied with the benefits of non-pledge mining. And I don't think it's a scam. After all, I've been doing this for a long time. Only I can log in to the wallet, and I can always operate the USDT inside me. It's called no pledge, so I don't think it's fooling me. Plus, Coinbase is the world's first publicly traded virtual currency exchange, so I thought my money was safe



And it's actually 5% a day. Because MY Coinbase wallet now has around 130K OF USDT, and at a certain time of the day I'm getting my mineral revenue, which is around 5k USDT. I'm free to extract. I only invested 1000 USDT in the beginning, which was about 16USDT per day. Now THAT I have 130K OF USDT, I have a lot of minerals. This is Coinbase's DeFi lossless illiquid mining program, launched just this year. You can look it up on Google. It can't be a scam?

[moderator's note: consecutive posts merged]
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November 26, 2021, 03:47:21 AM
 #5

This is Coinbase's DeFi lossless illiquid mining program, launched just this year.
Can you refer me to a legit information link from the Coinbase? can't find any.

You can look it up on Google. It can't be a scam
I did, using the keyword "Coinbase's DeFi lossless illiquid mining program" which it lead me to REDDIT: Lossless liquidity mining pledge-free. and it is indeed a scam!
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November 26, 2021, 04:03:16 AM
 #6

I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?
It is up to your tolerance to risks. If you can take big risks and you are easygoing about losses, you can invest in risky coins, but if you are a conservative investor, you should choose something less risky, such as stable coin staking. But actually, as you have such a huge deposit you are earning big money on it, but those, who don't have such a big capital, need to take bigger risks so as to enlarge their deposit.
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November 26, 2021, 01:53:57 PM
 #7

There are also some risks of losing money if the platform where you stake, is hacked or it turns out to be a scam. I don't think that you need to worry about this as you stake on a reliable DEX with several audits, so it looks safe, nevertheless, be aware of risks, maybe it is better to diversify and do staking on different platforms. Also you shouldn't chase enormous APYs as big potential profit means big risks.

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November 26, 2021, 02:08:11 PM
 #8

Just point me out to the page where I do this. I have some USDT in coinbase and I'm not getting 5% a day. I could increase my USDT holdings there if there's a minimum amount to meet. I'd even sell my house land and take a lone from a loan shark if they are providing risk free 5% a day.
Most probably the OP has mistaken about the rate or is a glitch from the side of coinbase. Could even be a high yield rate just because the total volume is very low and would decrease significantly as they increase in volume. But I don't find the option on both coinbase wallet or the CB trading's coinbase.

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Alma Aimee Brown (OP)
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November 26, 2021, 05:02:22 PM
 #9

Just point me out to the page where I do this. I have some USDT in coinbase and I'm not getting 5% a day. I could increase my USDT holdings there if there's a minimum amount to meet. I'd even sell my house land and take a lone from a loan shark if they are providing risk free 5% a day.
Most probably the OP has mistaken about the rate or is a glitch from the side of coinbase. Could even be a high yield rate just because the total volume is very low and would decrease significantly as they increase in volume. But I don't find the option on both coinbase wallet or the CB trading's coinbase.

You'll need to look for DeFi's lossless illiquid mining program nodes on Coinbase's website. Access to the mineral pool can only be obtained through node joining plan. What social software do you use?

I don't think it's a scam. Because I've been doing it for over 4 months, and I've been making steady returns every day. I remember when I first started I had 5000USDT in my Coinbase wallet, which was like 2% per day of mine returns. I kind of forgot, too. Later, as my USDT gradually increased, it has been 5% every day until now.
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November 26, 2021, 05:14:05 PM
 #10

I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?

That's quite a nice profit you are making, although sounds too good to be true, if this is true I don't mind taking a look at it, how to go about it, if there's a guide to point my direction will be great. I don't know any platform giving paying a whole 5% per day for staking, that's alot.
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November 26, 2021, 05:24:21 PM
 #11

Just point me out to the page where I do this. I have some USDT in coinbase and I'm not getting 5% a day. I could increase my USDT holdings there if there's a minimum amount to meet. I'd even sell my house land and take a lone from a loan shark if they are providing risk free 5% a day.
Most probably the OP has mistaken about the rate or is a glitch from the side of coinbase. Could even be a high yield rate just because the total volume is very low and would decrease significantly as they increase in volume. But I don't find the option on both coinbase wallet or the CB trading's coinbase.

You'll need to look for DeFi's lossless illiquid mining program nodes on Coinbase's website. Access to the mineral pool can only be obtained through node joining plan. What social software do you use?

I don't think it's a scam. Because I've been doing it for over 4 months, and I've been making steady returns every day. I remember when I first started I had 5000USDT in my Coinbase wallet, which was like 2% per day of mine returns. I kind of forgot, too. Later, as my USDT gradually increased, it has been 5% every day until now.

I looked for this option on the website and I didn't find anything, you can post a link here and a print screen to make it easier for us to locate this option on the website? I wonder how they managed to give 5% a day knowing they have a lot of customers

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November 26, 2021, 05:35:44 PM
Last edit: November 26, 2021, 06:57:47 PM by mprep
 #12

This is Coinbase's DeFi lossless illiquid mining program, launched just this year.
Can you refer me to a legit information link from the Coinbase? can't find any.

You can look it up on Google. It can't be a scam
I did, using the keyword "Coinbase's DeFi lossless illiquid mining program" which it lead me to REDDIT: Lossless liquidity mining pledge-free. and it is indeed a scam!


Coinbase is different from the others. After all, we all know its own qualifications and development history. The world's first listed virtual currency exchange, with more than 45 million users and over $90 billion in platform assets, so I am optimistic about it and have been doing it. We can first use 1000USDT experience, when the personal operation, should be more intuitive than WHAT I said to you to understand.

Just a moment, I will help you check the relevant links and mineral revenue ratio.





I can't find it. I only remember the first time I bought 5000 USDT to join the mining pool, it was 2% of the mineral revenue per day. Then I got 3%, now I get 5%. But I don't remember their exact ratio. I'm trying to contact my friend, and when he gets here, I'll question him for you. And how to add nodes to the pool, which I will post here together.and If there's something you want to talk about, I think we can leave some social apps. It annoys me because the response interval is 360 seconds. Ha ha

[moderator's note: consecutive posts merged]
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November 26, 2021, 06:20:24 PM
 #13

I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?
I'm surprised I can see such posts here,The project you mentioned is exactly what I am participating in, but I think your description is not completely correct. The first time I tested with 2k, my mining pool reward was 1.6%. Now I have 91k in my wallet, and the mining pool reward It is about 3.5%. I think the reward ratio is calculated based on the amount of funds we invest in the liquid mining pool. As for the 5% you mentioned, I think it requires me to invest more to get it.
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November 26, 2021, 06:23:17 PM
 #14

I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?
I'm surprised I can see such posts here,The project you mentioned is exactly what I am participating in, but I think your description is not completely correct. The first time I tested with 2k, my mining pool reward was 1.6%. Now I have 91k in my wallet, and the mining pool reward It is about 3.5%. I think the reward ratio is calculated based on the amount of funds we invest in the liquid mining pool. As for the 5% you mentioned, I think it requires me to invest more to get it.

Is it true? Then I think we can have more conversations about it. How long have you been working on this mining project?
Yeah, that's what I wanted to say, and maybe I didn't say it exactly. Sorry, because I'm not an expert on it. Ha ha.
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November 26, 2021, 06:35:30 PM
 #15

I am kind of waiting when the link will be provided and even wasted time to read until the end.
One agreed with him but the format of the name seems to be just like the thread starter. Could it be that you are talking to yourself?

It's too good to be true just like what others said. If that is real then I won't even have the time to share it with somebody and be flooded by many people taking my profits downward. I'd rather be silent about it.
And, if it's really coinbase you don't need to share it as they are good at how they will market their new features and it will also be flooded leaving them to bankruptcy or worse being shut down if they cannot pay anymore. 
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November 26, 2021, 06:40:41 PM
 #16

I am kind of waiting when the link will be provided and even wasted time to read until the end.
One agreed with him but the format of the name seems to be just like the thread starter. Could it be that you are talking to yourself?

It's too good to be true just like what others said. If that is real then I won't even have the time to share it with somebody and be flooded by many people taking my profits downward. I'd rather be silent about it.
And, if it's really coinbase you don't need to share it as they are good at how they will market their new features and it will also be flooded leaving them to bankruptcy or worse being shut down if they cannot pay anymore. 

All usDTs, put into the pool, get the minerals, all from their coinbase wallet. Why not real Coinbase?i dont know.

And yes, as more people join, it's likely to lower my mine, but that's not why I'm being selfish. And I'm not sharing, I'm just hoping to hear more from some of the professionals on this project. For example, I have learned a lot from your replies. I also hope to learn some more professional knowledge about virtual currency through them.
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November 26, 2021, 06:42:19 PM
 #17

I wish I had 130000 dollars, but my country's currency is so worthless. I think a lot of people here are low income so they make more risky trades. I think your choice is correct. If I had the same financial background, I would have made a similar decision.

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November 26, 2021, 06:44:27 PM
 #18

This is Coinbase's DeFi lossless illiquid mining program, launched just this year.
Can you refer me to a legit information link from the Coinbase? can't find any.


Same here, pls provide the information directly from Coinbase, can't find it myself also. Even though Coinbase is a respected and trustable exchange, they will never give 5% per day, that's too good to be true. If this would be real, they would go bankrupt soon.
If the information on the Reddit link that vv181 provided is correct, your funds from the Coinbase wallet are redirected to an external miner website... Personally, I would stop using it as chances exist that you will loose all your money.



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Rainbot
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November 26, 2021, 06:49:20 PM
 #19

Stable coins are not dollars or euros. They are something else. Something way riskier than holding plain dollars. That's why you are getting rewarded with that fat interest rate. It is not free money by any means. You are taking a risk and I must say, for the amount of risk you are taking 5% is nothing because stable coins can go "poof" any time and you better ROI your initial investment before they do otherwise you'll lose everything there.

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Alma Aimee Brown (OP)
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November 26, 2021, 07:05:55 PM
 #20

Stable coins are not dollars or euros. They are something else. Something way riskier than holding plain dollars. That's why you are getting rewarded with that fat interest rate. It is not free money by any means. You are taking a risk and I must say, for the amount of risk you are taking 5% is nothing because stable coins can go "poof" any time and you better ROI your initial investment before they do otherwise you'll lose everything there.

You're right. The reason why I chose it is that my financial condition prevents me from taking any risks. As for this mining plan of coinbase, my USDT is unsecured, and I can choose to take them away at any time. It makes me feel safe. My friend told me that when you hold USDT below 5K, you will get 1.6% of minerals every day, 5K-30K will get 2-2.4%, 30K-80K will get 2.7-3%, and 80K-150K will get 3.5- 4%, 5% will be obtained above 150K. I am considering whether to increase my USDT to 150K in the near future.
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