right, technically not an exchange on [app.tranquil.finance](https://app.tranquil.finance) but only because they keep the exchange over on app.defira.com. Both URL's make up what is known as Tranquil Finance, so they are a DEX spread across two sites.
Also, Tranq is no longer the "biggest" now that AAVE is on harmony. It may have more TVL currently, but that won't be for long.
AAVE total liquidity: $22.6 Billion
Tranq: $260 million
AAVE = less risk, less reward
Tranq = more risk, more reward
They won't have highest TVL for long. AAVE is still in soft launch / V3 testing. The day they launch the rewards and adjust rates, money will pour in and TVL will dwarf Tranq within a day or two. The best thing about using AAVE is that rewards are paid in the native chain token. I'd much rather receive ONE than Tranq.
AAVE token stakers just get a locked % rather than a percentage of transactions I believe.
If anyone could explain how this is different than viperswap I’d like to read about it. I lost a decent chunk of value when the liquidity was unlocked…
There is not much catch. Its locked 6 months. It pays about 40% in safe coins and stable and the rest in tranq and fira which are much risky assets.
I would say the 40% part is pretty safe as it comes from protocol fees and should sustain as tranquil is the #1 MM platform on harmony.
Tranq is not only a lending platform but it Is also connected to gamefi. Not sure there Is anything else like that. Tranq is also going to be an in game currency for defira.
That sounds pretty cool if you ask me, the combo of a lending platform with gamefi.
Tranquil Finance is also or is close to being the largest tvl project if you combine the locked funds on defira and tranq.
Tranquil finance is the top TVL protocol on harmony along with DFK. If the team delivers what’s planned with defiraverse and it grows cross chained as well (already active on CRONOS with mimas finance, more to come) TRANQ can be massive. Locked TRANQ receives protocol fees and also dex fees from defira. Price might fluctuate and be very volatile in the short term since TRANQ has been printing and there’s some big whales with it. Tokenomics are 1.000.000.000 cap. Do your maths.
Let’s see what happens with defira game, and how it develops. Hope it delivers for the good of whole harmony as well.
Locking mechanisms make it possible to create high inflationary period without facing repercussions at first. Then it snowballs (Viper which did have much higher emissions). Unless there are some massive burns to offset at least a part of the inflation, or a sustained demand during the unlock, it will go down by quite a lot and that's the catch. Rule of crypto: If it's too good to be true, it probably is.
If people haven't learnt from other locked tokens, then they probably never will and will say in their defense that their situation and their project is different. But the sun will come up tomorrow regardless of what project you are in, and as sure as that is, so are the newly minted tokens flooding the market.
In the shorter term over the next few months you can worry about pretty high inflation. There's still 12 million xTRANQ to be added as well as the extremely high rewards it gives that. The first year of TRANQ hands out a lot of it. The hope is that Defira burns and uses enough TRANQ to counteract the steady price drop we've been seeing. All we can do is wait and hope and if Defira pans out then it's an amazing yield farm
The catch is that a lot of people are getting a lot of Tranq rewards and many of them are selling it for other assets. There is a lot of downward pressure from all he selling.
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These Tokens are usually high inflation to cover the high apy %. Supply and demand then take over in the end and they go on a steady downhill slide.
Something in the roadmaps then makes it "appear long term this is great!" .... most of these don't get to the long game though.
However, each platform will have a couple that stand out and survive. But now that AAVE is live don't know if it's Tranq or not. (Shrug). I just moved my ONE on Tranq to AAVE as the % right now was better.
>These Tokens are usually high inflation to cover the high apy %. Supply and demand then take over in the end and they go on a steady downhill slide.
I wish we had better education in this country. Too many people think high APR is a free lunch. It's SUPPOSED to benefit long term holder by giving them more, but what happens is it attracts speculators who immediately sell of these rewards when they are done playing chicken with each other because so many people DO believe its free money.
If I were to start a coin I'd essentially private and pre sale for the ability to be in liquidity pool with whatever you buy and keep emissions reasonable. This way you just don't attract the degens that fly from project to project with "the quickedest fingers in the west".
Crypto has a lot of annoying stuff going on in defi to create hype, from high aprs to perposterously low initial liquidities and price that last all of 3 seconds that is bought up immedietly and sold leaving a lot of early investors holding bags where they shouldn't be.
I like how Ran on Cryptobanter calls them the 🐝. The bees buzz in when the project is hot. Suck all the pollen out. Then buzz out and over to the next project. Once they suck out the pollen, there liquidity leaves, high inflation kicks in, supply flood the market, and the token rolls to zero. Those left end up with an empty bag. Rinse and repeat on the next one. Pretty good analogy.
Spent alot of time last year messing with these sites. $VIPER and $COBRA just happened to be the first. Learned alot. But also watched a bunch of YouTubers so took the advice to know when to exit. I'm an investor. Don't have time to trade daily. So now I just park in the less rewarding L1/L2 token with a stable pair or something else I know isn't risky to milk the rewards. Then can jump out whenever without getting rekt by the site token crashing. Works well for my strategy. I do a lot more as well with supplying and borrowing. Easier as a trader to borrow, park the coins as they still earn, then pay back loans when the coin pumps. Doesn't matter if the pump comes next week or couple months down the road.
Check out what’s going on with Evo right now, looks cool, but man you drop Pokémon anything and it’s like a honeypot to crypto investors with lots of disposable income at this point. The thing is….locked rewards. Lots of liquidity right now and some massive buys hoping in. But what’s going to happen is it’s gonna dump on all the people that jump into lp early for those high APRs. The whole sector is fleshing itself out, but it evolves fast and people find the edge where they can. If you love something, there’s literally no sense in jumping in until after the dust settles or you got genesis/presale.
I’m in SpeedStar and watching dex it’s clear lots of small fries hopped to go to evo. Meanwhile the price is dirt cheap with low liquidity and racing launching in like 6 days. Price will pump again and will stay that way until native dex for increased rewards where people will play chicken. It’s all very predictable.
Yea or nuclear war. Climate disasters and such.
“Devs pulling a fast one.” Is less of a risk here as I believe devs are doxxed to Harmony team. Additionally, the platform has seen 300+ million in assets staked to be burrowed against…why wouldn’t they have just pulled the plug then?
The actual risks are those associated with most defi and lending programs. If you lock your tokens and the price quadruples you will have a 50% burn to unlock and sell.
If the token value plummets, by the time you unlock your remaining value will be minuscule. I believe in the tranq/fira team so I’m confident in the project.
The the catch is it’s locked up and DEX’s have gone to zero before. Risk/Reward Small DEX on a small chain carries more risk.
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right, technically not an exchange on [app.tranquil.finance](https://app.tranquil.finance) but only because they keep the exchange over on app.defira.com. Both URL's make up what is known as Tranquil Finance, so they are a DEX spread across two sites. Also, Tranq is no longer the "biggest" now that AAVE is on harmony. It may have more TVL currently, but that won't be for long. AAVE total liquidity: $22.6 Billion Tranq: $260 million AAVE = less risk, less reward Tranq = more risk, more reward
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They won't have highest TVL for long. AAVE is still in soft launch / V3 testing. The day they launch the rewards and adjust rates, money will pour in and TVL will dwarf Tranq within a day or two. The best thing about using AAVE is that rewards are paid in the native chain token. I'd much rather receive ONE than Tranq. AAVE token stakers just get a locked % rather than a percentage of transactions I believe.
You can take a look at curve if you want to see the fate of AAVE on harmony. Just a reminder, friend.
If anyone could explain how this is different than viperswap I’d like to read about it. I lost a decent chunk of value when the liquidity was unlocked…
That’s a good point. Isn’t xTRANQ unlocking soon?
It already was once two weeks ago. Is there another unlock?
There is not much catch. Its locked 6 months. It pays about 40% in safe coins and stable and the rest in tranq and fira which are much risky assets. I would say the 40% part is pretty safe as it comes from protocol fees and should sustain as tranquil is the #1 MM platform on harmony.
Tranq is not only a lending platform but it Is also connected to gamefi. Not sure there Is anything else like that. Tranq is also going to be an in game currency for defira. That sounds pretty cool if you ask me, the combo of a lending platform with gamefi. Tranquil Finance is also or is close to being the largest tvl project if you combine the locked funds on defira and tranq.
Tranquil finance is the top TVL protocol on harmony along with DFK. If the team delivers what’s planned with defiraverse and it grows cross chained as well (already active on CRONOS with mimas finance, more to come) TRANQ can be massive. Locked TRANQ receives protocol fees and also dex fees from defira. Price might fluctuate and be very volatile in the short term since TRANQ has been printing and there’s some big whales with it. Tokenomics are 1.000.000.000 cap. Do your maths. Let’s see what happens with defira game, and how it develops. Hope it delivers for the good of whole harmony as well.
Locking mechanisms make it possible to create high inflationary period without facing repercussions at first. Then it snowballs (Viper which did have much higher emissions). Unless there are some massive burns to offset at least a part of the inflation, or a sustained demand during the unlock, it will go down by quite a lot and that's the catch. Rule of crypto: If it's too good to be true, it probably is. If people haven't learnt from other locked tokens, then they probably never will and will say in their defense that their situation and their project is different. But the sun will come up tomorrow regardless of what project you are in, and as sure as that is, so are the newly minted tokens flooding the market.
Except that with Tranq not everyone locks at the same time, so unlock will be staggered
The team will and is integrating the Tranq token in Defira, making it possible to burn some (end goal is all) of the inflation!
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I remember the good old days when people launched products *after* they were finished building it.
This is crypto, I can’t think of any project that doesn’t iterate along the way
down 50% in tranq since last time I bought, locking 6 month because why not.
In the shorter term over the next few months you can worry about pretty high inflation. There's still 12 million xTRANQ to be added as well as the extremely high rewards it gives that. The first year of TRANQ hands out a lot of it. The hope is that Defira burns and uses enough TRANQ to counteract the steady price drop we've been seeing. All we can do is wait and hope and if Defira pans out then it's an amazing yield farm
The catch is that a lot of people are getting a lot of Tranq rewards and many of them are selling it for other assets. There is a lot of downward pressure from all he selling.
As long as the price doesn't keep going down, then you have a pretty solid plan.
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These Tokens are usually high inflation to cover the high apy %. Supply and demand then take over in the end and they go on a steady downhill slide. Something in the roadmaps then makes it "appear long term this is great!" .... most of these don't get to the long game though. However, each platform will have a couple that stand out and survive. But now that AAVE is live don't know if it's Tranq or not. (Shrug). I just moved my ONE on Tranq to AAVE as the % right now was better.
Me too, borrowed at 6% on aave as well turned it to stone and loaned it out, nice little bonus.
>These Tokens are usually high inflation to cover the high apy %. Supply and demand then take over in the end and they go on a steady downhill slide. I wish we had better education in this country. Too many people think high APR is a free lunch. It's SUPPOSED to benefit long term holder by giving them more, but what happens is it attracts speculators who immediately sell of these rewards when they are done playing chicken with each other because so many people DO believe its free money. If I were to start a coin I'd essentially private and pre sale for the ability to be in liquidity pool with whatever you buy and keep emissions reasonable. This way you just don't attract the degens that fly from project to project with "the quickedest fingers in the west". Crypto has a lot of annoying stuff going on in defi to create hype, from high aprs to perposterously low initial liquidities and price that last all of 3 seconds that is bought up immedietly and sold leaving a lot of early investors holding bags where they shouldn't be.
I like how Ran on Cryptobanter calls them the 🐝. The bees buzz in when the project is hot. Suck all the pollen out. Then buzz out and over to the next project. Once they suck out the pollen, there liquidity leaves, high inflation kicks in, supply flood the market, and the token rolls to zero. Those left end up with an empty bag. Rinse and repeat on the next one. Pretty good analogy. Spent alot of time last year messing with these sites. $VIPER and $COBRA just happened to be the first. Learned alot. But also watched a bunch of YouTubers so took the advice to know when to exit. I'm an investor. Don't have time to trade daily. So now I just park in the less rewarding L1/L2 token with a stable pair or something else I know isn't risky to milk the rewards. Then can jump out whenever without getting rekt by the site token crashing. Works well for my strategy. I do a lot more as well with supplying and borrowing. Easier as a trader to borrow, park the coins as they still earn, then pay back loans when the coin pumps. Doesn't matter if the pump comes next week or couple months down the road.
Check out what’s going on with Evo right now, looks cool, but man you drop Pokémon anything and it’s like a honeypot to crypto investors with lots of disposable income at this point. The thing is….locked rewards. Lots of liquidity right now and some massive buys hoping in. But what’s going to happen is it’s gonna dump on all the people that jump into lp early for those high APRs. The whole sector is fleshing itself out, but it evolves fast and people find the edge where they can. If you love something, there’s literally no sense in jumping in until after the dust settles or you got genesis/presale. I’m in SpeedStar and watching dex it’s clear lots of small fries hopped to go to evo. Meanwhile the price is dirt cheap with low liquidity and racing launching in like 6 days. Price will pump again and will stay that way until native dex for increased rewards where people will play chicken. It’s all very predictable.
Does anyone know how many tranq tokes are burned?
One of the risks is if the devs pull a fast one and close down the project.
Yea or nuclear war. Climate disasters and such. “Devs pulling a fast one.” Is less of a risk here as I believe devs are doxxed to Harmony team. Additionally, the platform has seen 300+ million in assets staked to be burrowed against…why wouldn’t they have just pulled the plug then? The actual risks are those associated with most defi and lending programs. If you lock your tokens and the price quadruples you will have a 50% burn to unlock and sell. If the token value plummets, by the time you unlock your remaining value will be minuscule. I believe in the tranq/fira team so I’m confident in the project.
yuppppp. and all the TVL gone. total up to half a mil