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Yieldfarming

Crypto101 - How to Make Money with DeFiHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. If you’ve been following me on TradingView for a while, you’ll now that I’m a believer – a believer in the promise of blockchain. One of the principals of this promise is to move away from centrally controlled banking systems. This would eventually include the act of saving and earning interest for the money that you leave in the capable hands of your banker (who also gets to decide whether or not you qualify for loans). Currently, you need to give up all of your personal information to open a bank account and furthermore you are seriously undercut in the returns / interest rate that you will be receiving (to name only two of many problems with the system). For example, where I reside, the most common interest on a savings account is 5% annually, whereas the interest on your credit card is 19.5% annually. Before we continue, familiarize yourself with these Key Terms: TVL – Total Value Locked in the platform DEX - A decentralized exchange. Peer-to-peer marketplace where transactions occur directly between crypto traders like Coinbase and Binance Blockchain – A unique way of coding that is open for anyone to use, many believe that web3 will be built on top this kind of coding DeFi – Decentralized Finance such as cryptocurrencies and stablecoins dApp – Software like apps that work on the basis of blockchain code and thus apps that accommodate cryptocurrency such as UniSwap and NFT Market places LP tokens - New liquidity pool tokens. LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens. APY - Annual Percentage Yield, think of it as yearly interest in percentage Smart Contracts — Electronic, digital contracts coded to integrate with dApps. Automated financial agreements between two or more parties once the pre-determined terms of the contract is reached With the rise of Blockchain, Crypto and then Decentralized apps, yield farming was born to address some of the banking system's limits. Or at least, that would be in the perfect world. Yield farming is the process of using DeFi to maximize returns. Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. This works for both parties, because yield farmers provide liquidity to various token pairs and you earn rewards in cryptocurrencies. However, yield farming can be a risky practice due to price volatility, rug pulls, smart contract hacks etc. Yield farming allows investors to earn interest which is called ‘yield’ by putting coins or tokens in a dApp, which is an application (coded software) that integrates with blockchain code. Examples of dApps include crypto wallets, exchanges and many more. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts. Let’s take a closer look at the different types of yield farming: Liquidity provider: You deposit two coins to a DEX to provide trading liquidity. Exchanges charge a small fee to swap the two tokens which is paid to liquidity providers. This fee can sometimes be paid in new liquidity pool (LP) tokens. Lending: Coin or token holders can lend crypto to borrowers through a smart contract and earn yield from interest paid on the loan. Borrowing: Farmers can use one token as collateral and receive a loan of another. Users can then farm yield with the borrowed coins. This way, the farmer keeps their initial holding, which may increase in value over time, while also earning yield on their borrowed coins. Staking: There are two forms of staking in the world of DeFi. The main form is on proof-of-stake blockchains, where a user is paid interest to pledge their tokens to the network to provide security. The second is to stake LP tokens earned from supplying a DEX with liquidity. This allows users to earn yield twice, as they are paid for supplying liquidity in LP tokens which they can then stake to earn more yield. Yield farmers who want to increase their yield output can also use more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains. Pro Tip: Use a High-Speed, Anonymous VPN. This lets you securely access the internet in an untraceable way. If you’re a cryptocurrency trader, you may want to remain anonymous or mask your IP address to another location. With all of the above mentioned, the first step would be to determine your needs or interests and thereafter, opening an account or accounts. A few popular places to start exploring include: 1. Quint – Voted one of the best yield farming crypto platforms for 2022 2. Uniswap - Second-largest decentralized exchange (DEX) behind Curve Finance 3. YouHodler – Worldwide Exchange with yield farming 4. eToro – Regulated platform offering crypto interest tools 5. Crypto.com – Great platform for earning a high APY on Stablecoins 6. BlockFi – Popular Platform for Bitcoin yields. BlockFi was one of the first platforms to launch its own crypto credit card. The BlockFi Rewards Visa Signature Credit Card earns up to 2% back in the cryptocurrency of your choice and doesn't charge an annual fee 7. Coinbase – Top-Rated yield-generating platform for beginners 8. DeFi Swap – Overall best DeFi yield farming platform 2022 , earning up to 75% APY on DeFi coins 9. AQRU – Voted one of the best crypto Yield farming platforms for 2022 10. Aave - Reigning DeFi king in terms of total value locked Note that the above is in no specific order. On the chart, you will see some fast facts on some of the options that these platforms offer. This is also not a shill, and I am not currently participating in any of the above mentioned. This is just intended as an easy introduction to another branch of what the world of Blockchain and DeFi has to offer. I hope you enjoyed this post today! Please give us a thumbs up to support all the efforts that went into this post. _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 Hit like & Follow 👀 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
26
DEFI: UniSwap - ALL YOU NEED TO KNOW 🦄Hi Traders, Investors and Speculators of the Charts 📈📉 If you’ve been following me on TradingView for a while, you’ll now that I’m a believer – a believer in the promise of blockchain. One of the principals of this promise is to move away from centrally controlled banking systems. This would eventually include the act of saving and earning interest for the money that you leave in the capable hands of your banker (who also gets to decide whether or not you qualify for loans). Currently, you need to give up all of your personal information to open a bank account and furthermore you are seriously undercut in the returns / interest rate that you will be receiving (to name only two of many problems with the system). For example, where I reside, the most common interest on a savings account is 5% annually, whereas the interest on your credit card is 19.5% annually. And this is, in short, the common argument for Decentralized Finance. Before we continue, familiarize yourself with these key terms: TVL – Total Dollar Value Locked in the platform DEX - A decentralized exchange. DEXs don't allow for exchanges between fiat and crypto — instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens. Blockchain – A unique way of coding that is open for anyone to use, many believe that web3 will be built on top this kind of coding DeFi – Decentralized Finance such as cryptocurrencies and stablecoins dApp – Software like apps that work on the basis of blockchain code and thus apps that accommodate cryptocurrency such as UniSwap and NFT Market places LP tokens - New liquidity pool tokens. LP tokens represent a crypto liquidity provider's share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 USD worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool's LP tokens. APY - Annual Percentage Yield, think of it as yearly interest in percentage Smart Contracts — E lectronic, digital contracts coded to integrate with dApps. Automated financial agreements between two or more parties once the pre-determined terms of the contract is reached Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts (liquidity pools) to execute trades on its exchange. It's an open source project and falls into the category of a DeFi product (Decentralized finance) because it uses smart contracts to facilitate trades. Built on Ethereum, Uniswap is the first and largest DEX in DeFi and one of the many places where you can participate in yield farming. To earn interest in their cryptocurrency holdings, investors contribute their funds to a Uniswap smart contract; these investors are known as liquidity providers. The smart contracts that hold their cryptocurrencies are known as liquidity pools. Liquidity providers are required for Uniswap to function since they provide liquidity for trading on the platform. With the rise of Blockchain, Crypto and then Decentralized apps, yield farming was born to address some of the banking system's limits. Or at least, that would be in the perfect world. Yield farming is the process of using DeFi to maximize returns . Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. This works for both parties, because yield farmers provide liquidity to various token pairs and you earn rewards in cryptocurrencies. However, yield farming can be a risky practice due to price volatility , rug pulls, smart contract hacks etc. Yield farming allows investors to earn interest which is called ‘yield’ by putting coins or tokens in a dApp, which is an application (coded software) that integrates with blockchain code. Examples of dApps include crypto wallets, exchanges and many more. Yield farmers generally use decentralized exchanges (DEXs) to lend, borrow or stake coins to earn interest and speculate on price swings. Yield farming across DeFi is facilitated by smart contracts. Let’s take a closer look at the different types of yield farming on UniSwap: Liquidity provider: You deposit two coins to a DEX to provide trading liquidity. Exchanges charge a small fee to swap the two tokens which is paid to liquidity providers. This fee can sometimes be paid in new liquidity pool (LP) tokens. Lending: Coin or token holders can lend crypto to borrowers through a smart contract and earn yield from interest paid on the loan. Borrowing: Farmers can use one token as collateral and receive a loan of another. Users can then farm yield with the borrowed coins. This way, the farmer keeps their initial holding, which may increase in value over time, while also earning yield on their borrowed coins. Staking: There are two forms of staking in the world of DeFi. The main form is on proof-of-stake blockchains, where a user is paid interest to pledge their tokens to the network to provide security. The second is to stake LP tokens earned from supplying a DEX with liquidity. This allows users to earn yield twice, as they are paid for supplying liquidity in LP tokens which they can then stake to earn more yield. Yield farmers who want to increase their yield output can also use more complex tactics. For example, yield farmers can constantly shift their cryptos between multiple loan platforms to optimize their gains. Back to DeFi - In centralized finance, your money is held by banks and corporations whose main goal is to make money. The financial system is full of third parties who facilitate money movement between parties, with each one charging fees for using their services. The idea behind DeFi was to create a system that cuts out these third parties, their fees and the time spent on all the interaction between them. Defi is a technology built on top of blockchain - it can be an app or a website for example, which means that is was written in code language by software programmers. It lets users buy and sell virtual assets (like crypto and NFT's) and use financial services as a form of investment or financing without middlemen/banks. This means you can borrow , lend and invest - but without a centralized banking institution. In summary, DeFi is a subcategory within the broader crypto space. DeFi offers many of the services of the mainstream financial world but controlled by the masses instead of a central entity. And instead of your information being filed on paper and stored by a banker, your information is captured digitally and stored in a block with your permission. Many of the initial DeFi applications were built on Ethereum (which is a blockchain technology, but the code is different to Bitcoin's, in other words it operates/works differently). The majority of money in DeFi remains concentrated there. Lending may have started it all, but DeFi applications now have many use cases, giving participants access to saving, investing, trading, market-making and more. Another example of such a market is PancakeSwap (CAKEUSDT). PancakeSwap is also a decentralized exchange native to BNB Chain (Binance chain). In other words, it shares some similarities with UniSwap in that users can swap their coins for other coins. The only difference is that PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance. The BEP20 standard is essentially a checklist of functions new tokens must be able to perform in order to be compatible with the broader Binance ecosystem of dapps, wallets and other services. 💭 Final Thoughts 💭 Is yield farming profitable? Short answer - Yes. However, it depends on how much money and effort you’re willing to put into yield farming. Although certain high-risk strategies promise substantial returns, they generally require a thorough grasp of DeFi platforms, protocols and complicated investment chains to be most effective. Is yield farming risky? Short Answer - Absolutely . There are a number of risks that investors should understand before starting. Scams, hacks and losses due to volatility are not uncommon in the DeFi yield farming space. The first step for anyone wishing to use DeFi is to research the most trusted and tested platforms. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Education
by CryptoCheck-
29
#UNI/BTC 3D (Binance) Broadening wedge breakout and retestUniswap is pulling back to 50MA support and seems likely to bounce towards 200MA resistance. ⚡️⚡️ #UNI/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 6.0% Current Price: 0.0002028 Entry Targets: 1) 0.0002002 Take-Profit Targets: 1) 0.0002669 Stop Targets: 1) 0.0001668 Published By: @Zblaba CRYPTOCAP:UNI #UNIBTC #Uniswap #DeFi Risk/Reward= 1:2 Expected Profit= +33.3% Possible Loss= -16.7% Estimated Gaintime= 3 months uniswap.org
Long
by TradingOn
Pendle listed on Binance - Buy, hold, sell?Pendle has been the best performer during the bear and early bull markets. TVL has grown and gained much traction as it offers an interesting product. However, is the current valuation reasonable? Its current Mcap is at 112M, and the circulating supply is about 42%. At its recent peak, PENDLE was up 5000% from its ATL and still hasn't surpassed its ATH. Don't be fooled by the prices shown here on Tradivingview, as its actual ATH was closer to 2.5$, and the 1.4-2.5$ region was the area it first started trading in May 2021. Usually, most listings on Binance tend to fall sharply, but will Pendle fall? What makes a listing top once listed on it? Well, usually, whales find the opportunity to offload their assets once a token gets on the platform, as that provides enough liquidity for them to exit. In bull markets, listings create excitement and fuel the price higher, while in bear markets, they tend to do nothing. If we are in a bull market, then it's possible that the listing won't mark the top, especially because we are in an early bull market. Binance isn't as strong as it once was, and there is a lot of FUD around the exchange; however, it remains the largest and most important. What's more important for Pendle is that it has almost reached its previous ATHs in USD terms and new ATHs in BTC terms. That means that it is fairly expensive, despite the adoption it has seen. Personally, I wouldn't short here, but I wouldn't immediately buy either. I would wait for the market to cool down a little bit and then step in. As you can see below, the first relatively large exchange that listed it and that is also available on TradingviewPendle was MEXC. The listing came in Sep 2021, and the market surpassed those highs but is now back below them. Since its most recent breakout, the market rallied more than 150%, and before that breakout, I wanted to talk about it but totally forgot about it. Today the market spiked and is already down 30%, yet it's still above the level from which trading opened today. The current price action looks like a blow-off top, and that's why there is no reason to chase anything here. I expect some consolidation here, and the market might have another leg up once the consolidation is over. Usually, when an asset goes back near its ATHs in USD and BTC so early in the bull market, it tends to go much higher. This momentum is hard to stop, but that doesn't mean the rally will come immediately after such a volatile day. In my opinion, 0.95-1.05$ are good levels to add longs and aim at least for the ATHs around 2.2-2.5$ as the next target.
CRYPTO:PENDLEUSDLong
by BitcoinMacro
USD CommentaryHope this idea finds you happily making a fortune today! The epic rally in the dollar has displayed appreciation relative to all other currencies within the last 12 months. Parity with the Euro: 1 Euro = 1 USD Canadian Dollar CAD -2.5% Australian Dollar AUD -6.1% Swiss Franc CHF -6.6% New Zealand Dollar NZD -9.8% British Pound GBP -11.6% Japanese Yen JPY -16.7% Havoc for gold bulls: But Zen? Isn’t a strong dollar good for the nation?! ‘ Good ’ is relative. >A strong dollar makes imports cheap, and exports more expensive. >This is the reason we have seen a steep drop in the rate of growth within the ISM Manufacturing Purchasing Manager Index. >Currently at a value of 52.8, so yes we are in growth mode, but the rate of growth has sharply dropped Let’s not forget the inflation woes domestically as purchasing power of consumers sharply drops. Why is the dollar mooning? >It is no different then the crypto yield farming bonanza of yesteryears. The market is chasing yield. However, unlike degens risking it all, the dollar is the global reserve currency and American bonds are backed by the greatest empire, the USA baby!! >When the Federal Funds rate is raised by the Chairman Powell, the Government Bond Yield rises. When the yield rises there is demand for the dollar to capitalize on this yield. Bloomberg provided additional context through highlighting the ‘Dollar Milkshake Theory’ of Brent Johnson of Santiago Capital. Here is a summary: 1. All currencies are terrible fiat. 2. The dollar is slightly better because it’s the global reserve currency used the most. i.e. ‘the tallest midget’ 3. When the Fed stops making dollars — the froth rises to the top of the “milkshake”— demand for existing dollars goes up. Jamie Dimon (JPM) was in an interview forecasting the drop in growth last year, which ended up materializing. He said, with the inflation onset coming JPM were preparing in advance by essentially having a large position in the greenback. It sounds counter-intuitive to be long the dollar when inflation is high, however the logic is sound and the dollar has indeed outperformed all other currencies. When it comes to technical analysis some are claiming we potentially are going to ‘ double top ’: This would be an extremely bearish reversal if it were to materialize however, the underlying fundamental strategy the Fed is laying out would most likely have to change as well. The Fed at this point vocally intends to have further rate increases which will push yield, hurt growth and strengthen the dollar. Is a double top possible? Yes. Do I think it will happen? ... My crystal ball is foggy . That is essentially asking, will the Fed take on a recession to wipe out inflation? I do not know. They are the masters of double speak ( soft landing ) right now. If the dollar were to breakout we can see R3 would most likely be a pivot point. Playing that breakdown in the dollar while being potentially long gold, equities or crypto could be lucrative in a short swing. Essentially, seek to make a tailwind out of a headwind. Equities are likewise having a hard time dealing with this sky-high dollar. Let me know your thoughts mates! If I missed something important share it with the community so we can grow together.
TVC:DXY
by ZenMode
4
Origin Protocol making a base for the 2nd wavecrab harmonic pattern: X=$17 A=$0.085 AB=0.38 XA BC=0.88 AB 0.78 BC=$0.438 0.88 BC=$0.524 1.6 BC=$1.95 2 BC=$3.87 0.78 XA=$5.48 2.24 BC=$5.96 0.88 XA=$9.32 2.6 BC=$11.74 1.13 XA=$34 3.6 BC=$70 1.41 XA=$150 4.23 BC=$214 1.6 XA=$453X=$17 A=$0.085 AB=0.38 XA BC=0.88 AB 0.78 BC=$0.438 0.88 BC=$0.524 1.6 BC=$1.95 2 BC=$3.87 0.78 XA=$5.48 2.24 BC=$5.96 0.88 XA=$9.32 2.6 BC=$11.74 1.13 XA=$34 3.6 BC=$70 1.41 XA=$150 4.23 BC=$214 1.6 XA=$453
Long
by HarmonicPitchforks
2
Proton XPR - Its the Real DealFollowing a meteoric pre-alt season run over to over 5 cents, XPR cooled its jets and landed for a refuel. It is now ready for another meteoric rise that will most likely arrive around 6 - 7 cents in the near future. The project is integrating the entire industry by wrapping other cryptos into x-coins which can ride the Proton blockchain for zero fees at 4K transacts per second. You can stake XPR in the wallet and also host it with other x-coins on Proton Swap for high APR liquidity farming. NFT market released, and coming soon: full banking integration for a USD-crypto onramp right in the Proton wallet. The team has focused heavily on the idea of decentralized KYC for regulated financial institutions. This project is expected to find true price discovery at about 1 dollar, and then rising to MATIC level pricing. Don't sleep. Proton XPR is the real deal. This is not financial advice. This is a message.
XLong
by D4NKM4CH1N3
4