Topic: DeFi: yield farming with Obyte. - page 2. (Read 747 times)

Yeah, 10 IUSD is very small amount, which doesn't move the price for IUSD (it effects those coins more that doesn't have so much reserve yet), but like I said, if you are only interested in interest coins then Buy page is more suitable for that https://ostable.org/buy (it accepts GBYTE and other cryptocurrencies too + it doesn't let you accidentally pay too much on fees because it uses buffer).
Buy page even more recommended when you currently buy more than 1000 IUSD because that would mean already 1% of fees, which is already 10 IUSD worth.

If you have "Set token1 amount to minimize fees" checked then you pay double, but you also receive double value too, which you  can later sell for profit.

User may simply lack the fund  to pay for GRD when he buying interest tokens. I think the lose of a few cents for fee is not a problem. Just an example if you buy 10 IUSD right now and do not check that box you need to pay ~0.457 Gbyte but if you check it than the sum will be as much 0.91 Gbyte.

You can redeem the governance tokens any time and get the GBYTE back, but if you pay the fees then you don't get them at all and you get less interest tokens as well because you are spending your GBYTE on fees. If you are only interested of interest tokens then you should use https://ostable.org/buy page because this will buffer the purchases and will not let you go over 1% in fees.

I would not check this unless you are a kind of Obyte whale. Yeah, the fee will go down but the total payment  do opposite. It will go noticeably up because GRD is too expensive. 1GRD ~ $34355 right now. Better to pay the fractions of cent for the fee when you only intention is to buy interest tokens like IUSD, IBIT and IAU.

Yes, it's bug and will be fixed for new users who will not have that same problem once the bug is fix. Those who already used multi-address, they need to move to different wallet themselves.

If you have multi-address wallet then you don't have one address that holds all the funds, it generates new change (return) address one every transaction.
So, this means, that when you deposited, you might have had one address and after that totally different address.

Click on Gear icon, then Advanced, then Wallet Information and you will see where each of your assets are in that wallet.

Before opening deposit I have sent IUSD to address that  holds almost all my Bytes and then deposited. So I see this issue  as a kind of flaw. creating new single wallet, closing and opening deposit again is  too much mess for me right now,  probably do it  next time.

You could try to send Bytes to the address that deposited the interest token and then try again, but you will then have to do it forever, so what makes most sense is that you:
* Open Menu and click Add Wallet (Create a new wallet) and make sure you have the "single address wallet" checked.
* You could also do single-address 1of2 multi-device wallet, so you could use it from mobile and desktop (optional, but very nice feature).
* Then wait when 12 hours has passed since you opened the deposit and close your deposit (you might have to use the same trick that you send some Bytes to the address that did the deposit in the first place).
* Once you have got your interest token back, transfer it to that new single-address wallet and open the deposit from there (you need to add the new wallet address to top-right corner).

yeah, wallet is not a single-address one. As I recollect the reason for bouncing back  was something like "address doesn't match deposit" ( don't remember exact wording). How can I work around that?

Before you clicked Send, it should be trying to predict what would be the outcome of the transaction, what out for the reason for bounce.
Also, you should be able to see from History, what was the bounce reason of your previous transaction (the one that sent the protection, not the one that came back).
I am guessing it might be because you are not using single-address wallet and it bounces the amount comes from other address?

Wow, nice to meet you here. Please, help me to understand. After opening deposit  I have added protection  twice but those action seems failed as  nothing happened  in my "Protection (ratio)", it still shows zero, and besides, the sum sent to protect deposit has returned back (, less the amount taken by AA) to my wallet.

wrote an easy step-by-step guide how to farm (don't explain that to your grandpa, he'll think you've lost your mind):

Getting Bonded coins:
* go to https://ostable.org/trade/26XAPPPTTYRIOSYNCUV3NS2H57X5LZLJ#buy
* add you single-address wallet address to top-right corner
* mark "Set token1 amount to minimize fees" checked
* enter amount to "Amount of tokens2"
* check if the GBYTE amount on "Send" button is acceptable and click it

Once you have got your growth tokens and interest tokens confirmed
* go to https://ostable.org/trade/26XAPPPTTYRIOSYNCUV3NS2H57X5LZLJ#deposits
* click "Open Deposit" and enter half of the amount of interest tokens you have and press "Open"
* add little bit of protection to your deposit, so it would not get closed so easily (optional)

Last step is for earning trading fees:
* go to https://oswap.io/#/add-liquidity/AR3SHS7SFH3PF6ZM6UIF7HWIV44TZ46H
* add interest token and stablecoin to the pool

... and then just wait and watch your growth token value grow and sometimes fall, but mostly grow

The founder likes to drop Bytes to actual users than shitty exchanges.
Bittrex has most liquidity, but only 5000 GBYTE is on sale, most people rather just hold their GBYTE there. Looking at their hot-wallet, there is 70 000 GBYTE there, so apparently many users trust to hold their Bytes there than on actual wallet app https://stats.obyte.org/Top100Richest.php
Not sure how many of them trade, but it looks like they just hold.

I think BitZ listing was paid by community member, but without paying market makers, nobody trades it there.
Folgory and Finexbox are also paid listing, so Obyte does pay for listings if the fees are reasonable. Hard to say yet if paying even a reasonable fee has been net positive.

Good A rated exchanges that are transparent won't list coins that have small active community, even if it had big active community during airdrops
https://nomics.com/exchanges

Please don't use CoinMarketCap site, it's pure sh!t. Use https://coinpaprika.com/coin/gbyte-obyte/#!exchanges or anything else instead where you can find that GBYTE is listed also on cryptox.pl that doesn't do KYC either. On some days, that exchange does as much volume as Bittrex. Cryptox.pl is also listed as 3rd exchange on main page https://obyte.org/#exchanges

Most swapping site use Bittrex on back-end because it's regulated exchange, so businesses can use them. Even new Bonded Stablecoins project uses SimpleSwap https://ostable.org/buy
Not sure if they market buy everything at once, but ostable.org doesn't market buy all the interest tokens at once, it keeps buying the interest tokens without paying too much penalties.
If you use a swapping site, don't go all-in at once, buy/sell at smaller chunks and give the market makers to react to the price.
If you use regular exchange don't go all-in at once either, fill the orderbook with orders, this way you are the market maker and others have orders to take. You just created liquidity on a pair.


LOL at Kucoin, that exchange just got hacked big time. Obyte once listed on shitty exchange like that and some people lost access to their funds in Cryptopia hack. I heard they will soon get their funds back if they do KYC again.
https://www.zdnet.com/article/kucoin-cryptocurrency-exchange-hacked-for-150-million/
https://decrypt.co/42263/hacked-cryptopia-gets-one-step-closer-to-returning-funds

These people are behind it https://obyte.org/#team
Obyte has always been humble about promises and more about delivering, but market doesn't like that - no hype.
Back in 2016, DAG technology was a new thing in cryptocurrencies, but nowadays many new projects have started using it.
You can read how the consensus on Obyte DAG works https://medium.com/obyte/dag/home

Obyte is very one of few that has delivered everything and more from its whitepaper https://obyte.org/Byteball.pdf and fully decentralized it's network https://medium.com/obyte/obyte-achieves-full-decentralization-by-adding-university-of-nicosia-as-an-independent-order-baaef0505392

So, now they build new projects on top of Obyte, this is the whitepaper for Bonded Stablecoins https://ostable.org/bonded-stablecoins.pdf

I am one from team.

It’s been almost four days since my deposit was opened ( couple of hrs left in fact)  and right now he looks like this.



As you can see, I made 0.8028 OUSD.  I guess interest withdraw from the address of Autonomous Agent  to my wallet requires some fee to pay so I have decided to build up interest (probably as much as 10 OUSD) and then withdraw to see how it works. I’ll try to keep everyone informed.

I am posting my findings about Obyte Bonded Coins on this Twitter thread https://twitter.com/tarmo888/status/1308823294897000454

I'm not saying that everything listed on CMC is safe to buy - it would be impossible for CMC to actively check 7000 coins - how they develop, how do they meet deadlines etc. This is only a platform that list coins. Same with binance. They are trading platform. Its your job to do a research and judge is something is worth your money.

I'm only saying that if something is not listed on CMC it is either very new/without community/without good investment environment (listed on few small exchanges or 1 decent). It's enough for me to avoid it especially if its stable coin with 16% ROI. 16% is not enough for me RISK/REWARD

As i said in my previous post  you are correct with this, and me just has added some Gbytes to protect my deposit. Thanks for pointing me out to that issue. I have updated my initial post so that all others were aware of this.

Yeah, the interest in OUSD can only be withdraw to you, but others can close the deposit from earning the interest OUSD (you still get your deposit, not them).

nope, no one can do it. All action must be approved by my Obyte clients to befulfilled. "Protection (ratio)" is protection form me myself. Sorry,you are correct. I have added some GByte to protect smart contract from closing by others. But closing it by stranger doesn't result in the fund loss. It will effect yield earning, solely.

CMC and Binance list exits scams and DeFi that is self-audited and broken. Bonded Stablecoins are just barely 24 hours old on not so popular project. It will take some time when it gets added to centralized garbage sites like CMC, but it should not be a metric to judge new projects. Truth is, something like Bonded Stablecoins would be difficult to pull off on blockchain because front-running, so things like that should be more important than which centralized page it's listed on.