*** OFFICIAL Going FULL RETARD On DeFi Thread ***

[gauchojake]

I am starting to go down rabbit holes I’m not sure I want to go down. Has anyone looked into helium miners?

[Wiganer]

I am starting to go down rabbit holes I’m not sure I want to go down. Has anyone looked into helium miners?

Surely it just flies away as soon as it’s dug up?

[Rick Sanchez]

This morning I checked coinmarketcap and saw that everything is still falling in price, including the DeFi tokens that I stake. But when checking my portfolio I was a little surprised to see that it's up $300. High APR compensated for it.

-$1.6k

[gauchojake]

Surely it just flies away as soon as it’s dug up?

[Rick Sanchez]

It would appear that I chose the nut-low time to go full retard on DeFi. Almost at the very top, right before an epic crash.

But we're going to be patient and ride this thing out!

[sonatine]

im seeing a lot of signs that elon is stemming the flow of blood out of btc and that things will unfuck themselves in reasonably short order but its hard to find any precedent for this sort of collapse in like, the last year?

but its just so hard to imagine that all the algs and all the whales are going to just cash out now.

that will have to wait until president kamala invokes sweeping reform acts to regulate exchanges, of course.

[Sanlmar]

or just capital gains increases. If I’m gonna get taxed I just hold instead. The good stuff like speculation and trading take a hit.

we will see but I think you know

[gauchojake]

8.7.3

[OVENWAX]

Maybe i'm missing something here but idk when I see something advertising 40% APY in big bright colours kinda makes me doubt it's legitimacy lol

[Wiganer]

This is all just autoutosurf hyip scams polished up, no?

[Rick Sanchez]

This is all just autoutosurf hyip scams polished up, no?

HYIP scams require opacity and trust. The opposite is the case here. You can audit these token contracts and see exactly how everything works under the hood. It is a trustless system with no mystery to any of it, no need to project sophistication.

All that's happening here is that you're being the middleman and taking a cut of every transaction. The APYs are governed by math and executed by code.

[Rick Sanchez]

It may be the case that the returns you're getting are in the form of shitcoins. If you're staking stablecoins, this is not much of an issue. You can sell the shitcoins that you've earned and convert them right back into stablecoins. There is almost no risk in doing this.

Staking other assets can be much riskier. I'm getting super wrecked today because I held a bunch of CAKE and BUNNY, which I've been staking to earn more CAKE and BUNNY. This is great during a bull market, or even if it's going sideways. But not so great today! lol

Decentralized finance is a fantastic innovation. The "going full retard" title of this thread was not for simply participating in DeFi, but for betting so big on being a shitcoin marketmaker.

[sonatine]

also so we're clear 'going full retard' is the gender i identify as.

[Sheesfaced]

Update?

[gauchojake]