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2021-02-03 05:18 27566086 Anonymous Link frens (1524710809589.png 1000x800 48kB)
Link frens, I need your advice and you're the highest IQ here. Gemini wants to give me 4.5% APY on my linkies. what's the catch? why shouldn't I? seems safer & easier than chasing yield farming (does another still do that?) >https://www.gemini.com/blog/earn-i nterest-on-your-crypto-with-gemini- earn

2 min later 27566285 Anonymous
>In order to borrow your Available Digital Assets and pay Loan Fees to you, Borrowers, their affiliates or their respective service providers may require certain identifying information from you. You authorize Gemini to share with Borrowers your Gemini account information and personally identifying information hereunder solely for the purposes of facilitating Loans and paying Loan Fees to you. This information may include, but is not limited to, your name, date of birth, and state and country of residence. Borrowers may store, access, transfer or use your personal information differently than Gemini. yup no fuck that

2 min later 27566337 Anonymous
Never remove you linkies from your possession

3 min later 27566414 Anonymous
>>27566086 link will grow faster than loan interest

4 min later 27566499 Anonymous
>>27566285 There's also the fact that a third party has custody of your tokens, and that YOU are completely liable if they somehow fuck up and lose them all as per their agreement. Still, that 4.5% does sound nice, and would be an extra $16,000 a year for me.

7 min later 27566663 Anonymous (1524709603023.jpg 508x679 102kB)
>>27566414 you still get link gains, and can withdrawal at any time. >>27566285 that is sketchy.. >>27566337 absolutely, but when LINK is 50$, the interest payout to me will be >100k/yr at current rates. How else do I cash in on that easy financial freedom?

7 min later 27566664 Anonymous
>>27566499 You think there will be more "safer" options in a few years? I could lock up like something like 10k link and see how much apy it could yield. That $16k would be more than enough for me to subsist one year without working

9 min later 27566811 Anonymous
>>27566499 i'm not even worried about that that much honestly. gemini wouldn't loan out link to institutions or market makers that don't have the funds to cover if they lose it all. it's just to cover their asses.

9 min later 27566851 Anonymous
>>27566285 Yeah fuck that.

10 min later 27566890 Anonymous
>>27566086 nobody is getting my linkies.

12 min later 27567038 Anonymous
>>27566285 Holy fuckballs. These people are jewish for sure.

13 min later 27567132 Anonymous
>>27566285 nigger what? yea were gonna give your info to (((borrowers))) goy just trust us

14 min later 27567251 Anonymous (74c48f3f0380b85ec4e9460a6eb83e4da8608a570177958dc333d26601c56aa1.jpg 1024x683 234kB)
>>27566337 Hands of iron halls of gold my nigger.

15 min later 27567312 Anonymous
>>27566664 Seriously bro. I just want LINK to pay my bills without selling the original stack.

16 min later 27567374 Anonymous (Link Winning.jpg 800x800 82kB)
>>27566664 I hope so, but staking will also *probably* be live by the end of this year, and providing collateral as a node operator or in a pool could potentially be even more lucrative.

18 min later 27567490 Anonymous (poolfags.png 569x131 15kB)
>>27566664 >>27567374 the fags over at linkpool said they're gonna have something before staking is even released... I think it starts with LP holders then they open it to losers like us

23 min later 27567899 Anonymous (f57.jpg 640x640 81kB)
>>27567374 >>27567312 >>27567490 >I just want LINK to pay my bills without selling the original stack. It feels good to even think about it, doesn't it I've already cashed out $250k from Link and I still have top 1000 wallet left. I just want to stake/apy like 15 to 20k of my Link and perhaps keep something like 10k to 20k in case ready to sell if it starts to go full moon. I'm already approaching extreme comfy levels that only Link oldfags can know (who bought under $1). Yeah, I think we are going to make it

30 min later 27568404 Anonymous (abc.jpg 584x292 83kB)
>>27566337 Never selling.

35 min later 27568697 Anonymous
Wtf is staking

52 min later 27569858 Anonymous (1606985051822.jpg 639x850 48kB)
>>27567899 >tfw low 7 fig hell >millionaire but broke >just want 4.5% risk-free

54 min later 27570030 Anonymous
>>27566285 What possible purpose could sharing this information have? Is there any legitimate reason for this to be necessary or desirable?

57 min later 27570256 Anonymous
I have been looking into this recently as staking FOMO has been getting to me the past few weeks, and I am concerned about the long-term capital gains tax implications. It seems like some of these custodial lending programs will not realize the gains, while doing token swaps on DEX lending pools will immediately trigger a gain realization (honestly not really sure if this is how it works when you lend on them though desu). I've been playing it by the books on taxes to avoid IRS rape, so for any other good boys into staking what has been your take on this? Also, aside from Gemini's 4.5%, Celsius is currently at 4.51%, Zeus Capital (Nexo) is at 6% and Bitfinex at 3.84%. Well after the insane earlybird lending rates last year I am still seeing recent claims of bookoo APY on Yearn (via yaLink) and some of these lesser known DEX/DEX-likes such as Bancor, but Bancor for instance is only listing an APY of 1.41% on LINK (assuming you even get into the pool), and if Aave has a current APY of 0% I don't understand how you can make money through yaLink unless you already own it (could be mistaken here though, I'm under the impression you earn interest as aLink rather than swap for it upfront). How exactly do these token conversion games go down for something like Bancor (aside from staking BNC after receiving payouts)? Are people using loans to get a hold of some of these convoluted derivative tokens for increased APY? Likewise, are the gas fees factored into the current APY for these DEXs?

57 min later 27570261 Anonymous
>>27566086 I don't get celsius and gemini. There is no reason to park with them when n xo gives me .5 more

1 hours later 27571587 Anonymous
can someone please see the future and tell me when Link will hit $50?

1 hours later 27571728 Anonymous
>>27569858 >just want 4.5% risk-fre Those are called bonds.

1 hours later 27572264 Anonymous
>>27571728 U fucking nufag. 4.5% paid in link, then link appreciates in value on top of that, and u don’t have to sell and incur taxes.

1 hours later 27572363 Anonymous
>>27569858 Even if CB doesn’t run a node, hard to see them not adding link to CB earn, if Gemini is getting in the game.

1 hours later 27572587 Anonymous
>>27566086 Seems like an appropriate thread to ask: I'm a crypto newb waiting for link to go sub $20 then I'm buying in. Is there any particular reason why I shouldn't use Gemini? Considering it's the only crypto exchange approved by actual financial institutions in the US it seems way more secure than just getting a metamask extension on brave and dumping money into it.

1 hours later 27573579 Anonymous (1594621654008.jpg 770x756 156kB)
>>27572587 yeah gemini is a good fiat to link converter. but I've been watching for sub-20 and I think 30 is gonna happen before then >>27570261 I don't trust Zeus after their smear campaign. don't trust Celsius with my LINK either because of that porn whore >>27570256 I am also afraid of tax rape from all those farming schemes. I don't think gas fees are factored into the APY's.

1 hours later 27573991 Anonymous
>>27573579 Damn the Zeus fud campaign. Those were fun times

2 hours later 27574237 Anonymous
>>27573991 That campaign was how I knew LINK was headed to the moon. Loved the attention

2 hours later 27574768 Anonymous
>>27573991 honestly i have to give props for them making a 60 page FUD piece top fucking kek

2 hours later 27574802 Anonymous
Also been looking into best place for my LINK, Gemini I would trust. Fuck nexo etc though. But I have 0.8LP so think will just wait for them at this point.

2 hours later 27574891 Anonymous
>>27566086 >>27566285 try nexo 5% apy on link, interest payments are daily, all without giving them even your name

2 hours later 27575932 Anonymous
>>27574802 >0.8LP you lucky son of a bitch. are you earning on that LP already?

2 hours later 27576012 Anonymous
>>27566086 x3 lev 2,000 LINK it's time!

2 hours later 27576356 Anonymous
>>27574891 I'm in Nexo right now. It's legit. Unless you collect interest in Nexo tokens or deposit fiat you only have to give an email address.

2 hours later 27576600 Anonymous
Aave stablecoin loan with LINK as collateral, deposit the stablecoin for 7-8% APY whatever it is

3 hours later 27577918 Anonymous
>>27576356 >>27574891 Go away Simeon

3 hours later 27578322 Anonymous
>>27575932 Yeah we have been getting a cut of their node profits since mainnet. Has really spiked up of late to about 6LINK/LP per fortnight. Think this next one will be quite a bit lower (less volatility). But yeah this should be interesting >>27567490

3 hours later 27579084 Anonymous
>>27576600 But the borrow APR for those stablecoins is way fucking higher than the lending APY. Do you mean lending them on other platforms then Aave? It still wouldn't make sense though given that APR is multiples higher than 8% APY. If I'm wrong please explain, I am finally interested in learning how all of this works. Likewise, if you've been borrowing, what is the minimum health factor necessary in order to avoid all precedents for liquidation in stablecoin volatility ? Probably more than 1.4 right?

3 hours later 27579528 Anonymous
>>27576600 >deposit the stablecoin for 7-8% APY whatever it is Where? Also stablecoin loan rates are through the roof, they're bouncing between 10% to 20% APR.

3 hours later 27579661 Anonymous
>>27566086 Dr;ns Op is fag

4 hours later 27580268 Anonymous
>>27570256 >Bancor for instance is only listing an APY of 1.41% on LINK Ok nvm I see it now, rewards make it 128.97% APY for the next month. Really tempting, but they're using marketing tactics to make it seem like the platform has impermanent loss protection (when you really need to be in the pool for 100 days to get full protection). If I understand correctly, this means that lending even with these crazy rewards only makes sense if you expect LINK to not make a 10.75% (128.97% on the monthly) appreciation in the next ~35 days. With that in mind, it seems way way more risky to be throwing LINK into a lending pool desu. Am I misunderstanding the impermanent loss risk here or wrong for other reasons? Even the crazy APYs on YFLUSD's release seem not good enough in this context.

4 hours later 27581709 Anonymous
>>27571587 Tonight!

4 hours later 27581766 Anonymous
>>27574891 Sloppy job Simeon!!!!!

4 hours later 27581877 Anonymous
>>27568697 lending you linkies for intrest

5 hours later 27582830 Anonymous
>>27567312 This is what I want too. Comfy as fuck.

5 hours later 27583240 Anonymous
>>27572264 >then link appreciates in value on top of that Nice assumption faggot, that’s the exact risk

5 hours later 27583376 Anonymous
>>27570261 Bro why on fucking earth would you give your Linkies to Zeus capital after all that shit that went down last year. Gemini seems way more legit

5 hours later 27583535 Anonymous (LINK MARINE ONBOARDING.png 701x91 5kB)
>>27566337 Just bought my first Link's. Never selling.

5 hours later 27583646 Anonymous
>>27569858 deposit link into aave, borrow usdc against it, and deposit into curve.

5 hours later 27583652 Anonymous
Is it a good time for putting my LINK up on AAVE and borrowing stablecoins to buy more DeFi shit?

5 hours later 27583659 Anonymous (1524693706310.jpg 634x517 124kB)
>>27583535 welcome newfren. never, ever sell, and you will be admitted to the citadel one day.

5 hours later 27583686 Anonymous
>>27583535 >24 linkies is 500 dollars what a time to be alive

5 hours later 27583714 Anonymous
>>27566086 dude just wait for staking 4.5% is not worth the counterparty risk of a shitty crypto exchange long-term

5 hours later 27583768 Anonymous
>>27583686 imagine 500 for .5 linkies eoy god im gonna coom

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