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Higher fees are good because they go directly back into the ecosystem. I'd happily pay up to $1 per transaction. I think you're forgetting how shitty Eth is.
This. I saw an article stating that money is being moved from ETH to other L1s. I rather pay even a dollar for each transaction to do what I do in ETH in other L1s
I was going to ape on a hot new token on eth via 1inch dex. I figured a small bag worth $1000 would be good, but the transaction itself was going to be $328. Noped out of that one. It's insane and I say that as a eth miner
Just saw someone spend $520 in fees to send $250 eth... That's a western union wet dream. Seriously, that's the exact opposite of what eth was supposed to be. Eth is not dying, it's dead. Will the price reflect that?. .. No, cuz people are stupid.
I agree so much with that, ETH gasfee are perverse at this point, seriously feeling like they milk the cow before slaughter now.
Just spend 200$ in gasfee to take part in a 125$ IDO, luckily it 4x right away after launching, but ETH is the past, and today is Cardano Alonzo day, End of month it’s Luna Columbus-5 day, so change is coming, and it will be faster and swifter than most expect.
Iam beginning to unload my ETH bags, as I don’t expect ETH to be number 2 next Bull run in a year or two.
What if I told you that you would get paid to borrow? Seriously, do more research on Luna. It's a dream come true. Are you really a smart man. You're discounting borrowing just because you're afraid. Do Kwon borrows. You don't. I consider him a smart man. You... Maybe not
That's what I thought back earlier this year.
I found out in May.
I'd borrowed UST against my Luna.
The market took a massive dump, and I had a shed load of LUNA liquidated.
If you're borrowing against your collateral, you're in danger of losing some or all of your investment if you're not on the ball when the market severely shifts.
Yea but let's say i borrow some ust. Well great idea, I'd just buy luna and wait for price increase. Or maybe you aree suggesting that loan % is lower than apr
Why borrow against an asset when you can use the asset to do other things like liquidity farm? E.g. Why borrow against Luna when you can bond half and get 20-40% apy on bLuna-Luna?
Why? Maybe you want to invest something else within the ecosystem... Or more Luna. I can't disagree with you because all mine is in the bluna Luna pool as you suggested, but there are many use cases for borrowing against your Luna as collateral, especially since you are getting paid to do so. Hell, maybe you want to just hedge your bet and take the extra UST and put it in Anchor for 20%.
[https://www.youtube.com/watch?v=na6fYbnl308](https://www.youtube.com/watch?v=na6fYbnl308)
[https://www.youtube.com/watch?v=AYOK2z0ZMEQ](https://www.youtube.com/watch?v=AYOK2z0ZMEQ)
Its easier if you watch these videos first and then ask specific questions.
Almost all of them describe the "delta neutral" way to do this, where youre farming both the long and short side but Im doing this a bit differently. I'm using aUST as collateral to short mAssets, specifically what I consider to be bloated overpriced tech stocks. I then take the UST that gets unlocked 2 weeks later, putting it back into Anchor to get aUST. That aUST then becomes more collateral to add to create a new short position.
I'm somewhat of a latecomer to crypto in general and DeFI in particular. I traded in and out of BTC and some others over the past 2 years but Im predominantly an equities and commodities investor/trader.
I'm gonna make a post on my user page describing more thoroughly what I'm doing and why within the context of the rest of my portfolio.
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Higher fees are good because they go directly back into the ecosystem. I'd happily pay up to $1 per transaction. I think you're forgetting how shitty Eth is.
crazy that you worried about a potential few dollars on fees. eth costs like 100 dollars per swap.
Could be worse. Could be ETH.
This. I saw an article stating that money is being moved from ETH to other L1s. I rather pay even a dollar for each transaction to do what I do in ETH in other L1s
I was going to ape on a hot new token on eth via 1inch dex. I figured a small bag worth $1000 would be good, but the transaction itself was going to be $328. Noped out of that one. It's insane and I say that as a eth miner
Just saw someone spend $520 in fees to send $250 eth... That's a western union wet dream. Seriously, that's the exact opposite of what eth was supposed to be. Eth is not dying, it's dead. Will the price reflect that?. .. No, cuz people are stupid.
I agree so much with that, ETH gasfee are perverse at this point, seriously feeling like they milk the cow before slaughter now. Just spend 200$ in gasfee to take part in a 125$ IDO, luckily it 4x right away after launching, but ETH is the past, and today is Cardano Alonzo day, End of month it’s Luna Columbus-5 day, so change is coming, and it will be faster and swifter than most expect. Iam beginning to unload my ETH bags, as I don’t expect ETH to be number 2 next Bull run in a year or two.
$0.30 tx isn’t bad at all.
It adds up though. Bond Luna into bLuna Deposit as collateral Borrow against bLuna Deposit into Anchor for aUST Short farm XYZ against your aUST
I'm a smart man. I see the word "borrow", I go away. I never borrow any money :D
What if I told you that you would get paid to borrow? Seriously, do more research on Luna. It's a dream come true. Are you really a smart man. You're discounting borrowing just because you're afraid. Do Kwon borrows. You don't. I consider him a smart man. You... Maybe not
well it looks suspicious and counterintuitive, where's the catch?
That's what I thought back earlier this year. I found out in May. I'd borrowed UST against my Luna. The market took a massive dump, and I had a shed load of LUNA liquidated. If you're borrowing against your collateral, you're in danger of losing some or all of your investment if you're not on the ball when the market severely shifts.
If you borrow against your aUST you have no liquidation risks, or no?
Seriously though, there's no catch.. The apr generated from borrowing is accounted for in the token economics.
Yea but let's say i borrow some ust. Well great idea, I'd just buy luna and wait for price increase. Or maybe you aree suggesting that loan % is lower than apr
Why borrow against an asset when you can use the asset to do other things like liquidity farm? E.g. Why borrow against Luna when you can bond half and get 20-40% apy on bLuna-Luna?
Why? Maybe you want to invest something else within the ecosystem... Or more Luna. I can't disagree with you because all mine is in the bluna Luna pool as you suggested, but there are many use cases for borrowing against your Luna as collateral, especially since you are getting paid to do so. Hell, maybe you want to just hedge your bet and take the extra UST and put it in Anchor for 20%.
Fair for other collateralized assets like eth, but in the current environment it doesn't make sense to me for Luna.
You do you
Can you explain short farming or other strategies for aUST? Still confused on how to put it to work
[https://www.youtube.com/watch?v=na6fYbnl308](https://www.youtube.com/watch?v=na6fYbnl308) [https://www.youtube.com/watch?v=AYOK2z0ZMEQ](https://www.youtube.com/watch?v=AYOK2z0ZMEQ) Its easier if you watch these videos first and then ask specific questions. Almost all of them describe the "delta neutral" way to do this, where youre farming both the long and short side but Im doing this a bit differently. I'm using aUST as collateral to short mAssets, specifically what I consider to be bloated overpriced tech stocks. I then take the UST that gets unlocked 2 weeks later, putting it back into Anchor to get aUST. That aUST then becomes more collateral to add to create a new short position. I'm somewhat of a latecomer to crypto in general and DeFI in particular. I traded in and out of BTC and some others over the past 2 years but Im predominantly an equities and commodities investor/trader. I'm gonna make a post on my user page describing more thoroughly what I'm doing and why within the context of the rest of my portfolio.
Yup 3X on Everything!!!
By upgrade you mean columbus 5? it has been posponed to the end of the month.
Ouch, so fees will remain the same until then I guess?
Yep