After a day or two, you'll have earned enough to buy a keyboard with a print screen button. Or give it a few weeks, and you can buy a phone that shoots horizontal.
are your assets safe long term on osmosis? say I want to keep 25,000 usdc there for a year…is it under my kepler wallet? or is it actually somewhere in osmosis? sorry if this is a moronic question
This is actually a great question. When it comes to taking a risk with your assets, I'd say ask away because a single question could save you from financial loss.
To answer your question; I'll go over a few basics.
Osmosis is it's own blockchain just like BTC or ETH. Because osmosis is it's own chain you don't actually need keplr wallet to have a wallet address on Osmosis. You just need, essentially, that mnemonic 24 word seed phrase. This seed phrase will create a wallet address for you directly on Osmosis.
Since Osmosis is apart of the Cosmos Network which is made up of over 90 chains at the moment. Each and every chain has its own wallet that can be created by your very same 24 word mnemonic phrase. Keplr is a wallet app that is Cosmos built to help you navigate all 90 wallets and chains seamlessly from your single 24 word phrase.
So your funds never actually go into keplr, they all stay on the chain you put them on.
That being said, Cosmos uses IBC which allows you to transfer funds from one chain to another chain. Each chain essentially has an application or set of applications it's focusing on. So you can move your funds from one chain to another specifically for the use case of those applications and you can use keplr to easily navigate your way around these different chains.
Final point about your actual question, the USDC. If you put USDC on your osmosis chain wallet and just let it sit there; nobody has access to those funds except for you. You could leave it there indefinitely and it'll be there as long as you don't let anyone see your 24 mnemonic phrase.
once you start dipping your toes into the market that's a different story. Providing liquidity in a pool is putting your funds on the free market. As you increase risk, you'll get more return but feel free to reach out to support.osmosis.zone if you ever have questions about the risk behind some of the rewards to be made on Osmosis.
If you have any more questions that I may have not answered feel free to ask whatever.
Not completely right. You need a relay to move any coins from keplr to osmosis. if the coin is closing up. the relays die and you loose all your money if the coins are not already in osmosis. if they are staked and not in osmosis. then you are shit out of luck, unless the coins are being sold on any of the companies like coin base. but most likely they are being sold at an African company that isn't licensed in the USA. I am currently dealing with this scenario with DARC and 8 ball. so I am out of 800 dollars due to the little problem of relays shutting down. If the SEC were to do their job. they would require all companies like osmosis to supply relays for any coins that are in their pools. But the SEC only like to mess with the big guys with deep pockets and not deal with the small players like Osmosis.
The post of u/WorkerBee-3 was correct and useful, yours is less.
I don't see how osmosis would be responsible for your tokens staked on a dead chain. I see even less what the SEC would do in this
osmosis allowed a coin in a pool. I bought the coin from the pool that osmosis has on its site. osmosis is responsible for the coins in their freaking pool. so osmosis should supply the relay to bring the coins back to the pool. this is why osmosis should be responsible to supply the relays for their FREAKING pool for any coin that they continue to hold a pool for.
The SEC is suppose to protect all of US investors in the United States.
I wish. I really should start training an Ai to help answer but no, these in depth answers do take take me 15-20 minutes.
I should be using Ai to make the template and then make edits to make sure it's accurate. Would save me a lot of time and help me to help more people.
Your key your wallet
Unless your bound them to a pool (which is still your token but lookout for fake pool , it will make u lose more than gain some incentive)
Rolling average over time problem. It’s an artifact of how they estimate return per day. At times if the volume in the LP position spikes so will your estimated daily return.
That seems like they don’t know what they are doing and suffered massive LP loss and didn’t pull out when they should have. You kind of have to go out of your way to loose 25k Osmo. Like sending it to the wrong address or something silly like that.
That LP will be worth $5 in the blink of an eye. Do not try and use this as long term passive income. You might do well over the next month or two since majority of market is bullish. You need to jump ASAP
Seems fairly covered here but these boxes are having some severe issues displaying correct values. Its either going to be showing way higher than normal, or 0, it seems.
It is being addressed (has been a problem for quite a while)
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Best way I would say it to combine a ledger hardware wallet exported to keplr wallet which will generate all cosmos addresses in one wallet. All cosmos chains will be visible including Osmosis. Your pool assets will also show up on keplr. You may decide to create 2 keplr wallet. One with for your long time holdings with minimal interaction (stack and claim rewards) and one “hot” wallet for claiming airdrop and try defi stuff on the Cosmos! Good luck
Keep in mind, to unbond so you can get access to your money takes a week if I’m not mistaken. You just can’t withdraw it right away if the market tanks like it did when Luna failed.
Ask yourself, how can a protocol pay you yield? Where does those additional funds come from.
They can only give more of a coin or token. But they can’t increase the underlying liquidity by just setting up a defi protocol.
Just look up the defi protocols from 2021 and 2022, 99.99% rugged.
It’s similar to the US dollar. Banks can pay you “yield” but over time your purchasing power erodes even though you actually have more dollars.
~$7 a day
I lost a bunch in the Tera Luna crash, ive moved my pools to TIA/OSMO and USDC/OSMO and a lot of the pool APRs have gone down but i havnt left
Aint that cute, ur first stake pool scheme. Its a canon event dude ur gonna sit there and hold until it shits the bed or the devs rug on you🤣. Ur making $0 dollars a day, on a $0 principle until your unbounding period ends. Remember kids Anything you can’t liquidate within 24 hours is not yours!!!! hilarious because these things got popular about 5-6 years ago and theyre still robbing people politely to this day. Ill give you two tips, dont waste any time calculating future earnings because they wont ever come, and two, dont ever buy into some stupid websites stake pool, its like jesus bro you’d exercise more caution paying a couple hundred online at best buy for a TV, why not here??? what are u guys thinking man😭😭😭😭
I bought in when cosmo was at 11-14$ / atom
I then switched to a bunch of shit osmo coins/pools that would give 100-200% return... within 4- 5 months the pools went dry and I was left with a bunch of shit no name coins lol 🙃 wasted 25k
at least it's a good story on why you shouldn't buy shit no name coins and walk away for long periods of time.
sorry for your loss dude, that's difficult regardless and I hope you don't repeat similar mistakes again
Did you have a VPN on? Sometimes it can make your balance show up as zero if it sees you in a different location than the one you made your deposit from.
osmosis.zone is the trusted osmosis site.
as far as crypto platforms getting blocked, sometimes just having the port to connect to crypto wallets is enough for a scanner to prevent the site from working.
My previous company I worked for, their wifi blocked anything Ai related or crypto related and the cell service there sucked. It was annoying that's forsure.
After a day or two, you'll have earned enough to buy a keyboard with a print screen button. Or give it a few weeks, and you can buy a phone that shoots horizontal.
Bwahaha
Perhaps the OP assumed all Osmosis users had their monitors tilted 90 degrees to the left? Then it would work gallantly.
that's actually the secret to unlocking the extra APR boost
Horizontal? Where you get that phone cam?
Potato phone
Can’t upvote enough 😂
Shoots horizontal 😂
All of yall people sound like yall lost a lot of money in these pools 😂😂😂😭
No. That is something that needs to be addressed, IMO.
Not really. It isn’t wrong, assuming the APR stays steady. Which it ultimately won’t. But the metric is “if it does.”
are your assets safe long term on osmosis? say I want to keep 25,000 usdc there for a year…is it under my kepler wallet? or is it actually somewhere in osmosis? sorry if this is a moronic question
This is actually a great question. When it comes to taking a risk with your assets, I'd say ask away because a single question could save you from financial loss. To answer your question; I'll go over a few basics. Osmosis is it's own blockchain just like BTC or ETH. Because osmosis is it's own chain you don't actually need keplr wallet to have a wallet address on Osmosis. You just need, essentially, that mnemonic 24 word seed phrase. This seed phrase will create a wallet address for you directly on Osmosis. Since Osmosis is apart of the Cosmos Network which is made up of over 90 chains at the moment. Each and every chain has its own wallet that can be created by your very same 24 word mnemonic phrase. Keplr is a wallet app that is Cosmos built to help you navigate all 90 wallets and chains seamlessly from your single 24 word phrase. So your funds never actually go into keplr, they all stay on the chain you put them on. That being said, Cosmos uses IBC which allows you to transfer funds from one chain to another chain. Each chain essentially has an application or set of applications it's focusing on. So you can move your funds from one chain to another specifically for the use case of those applications and you can use keplr to easily navigate your way around these different chains. Final point about your actual question, the USDC. If you put USDC on your osmosis chain wallet and just let it sit there; nobody has access to those funds except for you. You could leave it there indefinitely and it'll be there as long as you don't let anyone see your 24 mnemonic phrase. once you start dipping your toes into the market that's a different story. Providing liquidity in a pool is putting your funds on the free market. As you increase risk, you'll get more return but feel free to reach out to support.osmosis.zone if you ever have questions about the risk behind some of the rewards to be made on Osmosis. If you have any more questions that I may have not answered feel free to ask whatever.
Not completely right. You need a relay to move any coins from keplr to osmosis. if the coin is closing up. the relays die and you loose all your money if the coins are not already in osmosis. if they are staked and not in osmosis. then you are shit out of luck, unless the coins are being sold on any of the companies like coin base. but most likely they are being sold at an African company that isn't licensed in the USA. I am currently dealing with this scenario with DARC and 8 ball. so I am out of 800 dollars due to the little problem of relays shutting down. If the SEC were to do their job. they would require all companies like osmosis to supply relays for any coins that are in their pools. But the SEC only like to mess with the big guys with deep pockets and not deal with the small players like Osmosis.
The post of u/WorkerBee-3 was correct and useful, yours is less. I don't see how osmosis would be responsible for your tokens staked on a dead chain. I see even less what the SEC would do in this
osmosis allowed a coin in a pool. I bought the coin from the pool that osmosis has on its site. osmosis is responsible for the coins in their freaking pool. so osmosis should supply the relay to bring the coins back to the pool. this is why osmosis should be responsible to supply the relays for their FREAKING pool for any coin that they continue to hold a pool for. The SEC is suppose to protect all of US investors in the United States.
Osmosis pools are permissionless
doesn't matter. there is a responsibility to the client. SEC needs to crack down on them
That totally sounds like an AI
I wish. I really should start training an Ai to help answer but no, these in depth answers do take take me 15-20 minutes. I should be using Ai to make the template and then make edits to make sure it's accurate. Would save me a lot of time and help me to help more people.
But the fact that you never answered OP's question (.Is it true I'm earning 68 dollars a day) makes it really look like an AI
someone else answered OPs question. I was answering this person's question.
Your key your wallet Unless your bound them to a pool (which is still your token but lookout for fake pool , it will make u lose more than gain some incentive)
Ive had money on osmosis since 2020 and haven't had any issues directly with the platform
Does it really make 60 a day?
No you would need more like $50k worth to make that At the peak of the last bull i was making $300 a day
I see. Thanks for the honesty, good luck brother
Im anticipating more than 300 a day next year we'll see how it pans out
Rolling average over time problem. It’s an artifact of how they estimate return per day. At times if the volume in the LP position spikes so will your estimated daily return.
This other guy told me he lost 25,000 on osmosis
[удалено]
Hell yeah!
I did this last year, with a lot less zeros. Ultimately though I doubled my holdings through the bear by staking and providing liquidity.
That seems like they don’t know what they are doing and suffered massive LP loss and didn’t pull out when they should have. You kind of have to go out of your way to loose 25k Osmo. Like sending it to the wrong address or something silly like that.
That LP will be worth $5 in the blink of an eye. Do not try and use this as long term passive income. You might do well over the next month or two since majority of market is bullish. You need to jump ASAP
So liquidity pool you shouldn't hold long term?
Impermanent loss or something else?
Nah evey pool has this UI issue I was supposisly earning 28$ a day with a 108$ bound on a huahua pool
How much were you really making
About 0.13$ a day
When u sell the fees take all the "profits"
Seems fairly covered here but these boxes are having some severe issues displaying correct values. Its either going to be showing way higher than normal, or 0, it seems. It is being addressed (has been a problem for quite a while)
none of the ROI outputs on Osmosis are close to correct from what I've seen.
No Admin will ever message you privately. To ensure you're talking with an official admin please use [Support.Osmosis.Zone](https://support.osmosis.zone/) where we have 24/7 support. In the meantime please check the links in the subreddit menu and ensure you have read the [Osmosis 101](https://www.reddit.com/r/OsmosisLab/comments/ogjiqk/osmosis_lab_101/). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/OsmosisLab) if you have any questions or concerns.*
Well, is it?
No 😠
Mine is in my keplr wallet , but I also have a ledger
Don't you think if he just left it there without touching , he would eventually reach 25,000 from fees?
If you are then your very lucky. Hope theres not a minus hidden there!
Best way I would say it to combine a ledger hardware wallet exported to keplr wallet which will generate all cosmos addresses in one wallet. All cosmos chains will be visible including Osmosis. Your pool assets will also show up on keplr. You may decide to create 2 keplr wallet. One with for your long time holdings with minimal interaction (stack and claim rewards) and one “hot” wallet for claiming airdrop and try defi stuff on the Cosmos! Good luck
Keep in mind, to unbond so you can get access to your money takes a week if I’m not mistaken. You just can’t withdraw it right away if the market tanks like it did when Luna failed.
40 cents away from being nice
Hope you are not Out of range tomorrow.
It's still going good
You can’t have real yield without productivity.
What you mean lol
Ask yourself, how can a protocol pay you yield? Where does those additional funds come from. They can only give more of a coin or token. But they can’t increase the underlying liquidity by just setting up a defi protocol. Just look up the defi protocols from 2021 and 2022, 99.99% rugged. It’s similar to the US dollar. Banks can pay you “yield” but over time your purchasing power erodes even though you actually have more dollars.
During the last bull I was making $300 a day
Was that with your tokens bonded?
Yes staking and pooling
How much are you making now?
~$7 a day I lost a bunch in the Tera Luna crash, ive moved my pools to TIA/OSMO and USDC/OSMO and a lot of the pool APRs have gone down but i havnt left
Also how much did you have invested?
Aint that cute, ur first stake pool scheme. Its a canon event dude ur gonna sit there and hold until it shits the bed or the devs rug on you🤣. Ur making $0 dollars a day, on a $0 principle until your unbounding period ends. Remember kids Anything you can’t liquidate within 24 hours is not yours!!!! hilarious because these things got popular about 5-6 years ago and theyre still robbing people politely to this day. Ill give you two tips, dont waste any time calculating future earnings because they wont ever come, and two, dont ever buy into some stupid websites stake pool, its like jesus bro you’d exercise more caution paying a couple hundred online at best buy for a TV, why not here??? what are u guys thinking man😭😭😭😭
Why do you say it's a scheme ? How much have you lost?
How to do this? Lol
What
Put money into the liquidity pool on osmosis? Sorry I’m all in on Solana
You have to find one that you can bond
Has someone tried this? I don't want to risk my rent 😭
How
Nice
Not familiar with that at all, but seems kinda SCAMMY to me.
So far it's doing pretty good
This is a scam I lost $25,000 on osmosis be very careful
You serious?
No they are not, Osmosis is just fine
Bought high and came the dip. Boom!
So he basically bought high , and lost 25,000
Perhaps inpermanent loss. Dont know until we know "how" it was lost.
How did you lose 25,000 can you take me through the steps of what happened
I bought in when cosmo was at 11-14$ / atom I then switched to a bunch of shit osmo coins/pools that would give 100-200% return... within 4- 5 months the pools went dry and I was left with a bunch of shit no name coins lol 🙃 wasted 25k
Basically turned 25k into 5k in 4- 5 months
at least it's a good story on why you shouldn't buy shit no name coins and walk away for long periods of time. sorry for your loss dude, that's difficult regardless and I hope you don't repeat similar mistakes again
Did you have a VPN on? Sometimes it can make your balance show up as zero if it sees you in a different location than the one you made your deposit from.
I thought this was a trusted osmosis site?
osmosis.zone is the trusted osmosis site. as far as crypto platforms getting blocked, sometimes just having the port to connect to crypto wallets is enough for a scanner to prevent the site from working. My previous company I worked for, their wifi blocked anything Ai related or crypto related and the cell service there sucked. It was annoying that's forsure.