Author

Topic: How to earn 9-10% APY using USDT and a simple strategy (Read 263 times)

hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
We researched it for our yield farm, in the position where we will continuously research new protocols for users who deposited tokens in our dApp, but you can do the same work by yourself. If you do it by yourself, you just need to monitor protocol APY, and you will get a successful profit.
Ive seen a lot of protocol too but this always end up being low and sometime failed due to the existing fact that apy cant be consistent due to massive users base. There are some who thought and create a way to rebalance this but Im not sure if they have been succesful on pulling off the idea for it. Somehow, its really sounds like a ponzi scheme and those who enter first will deifnitely ripped all the high gains.

You have said it well, this is the major problem with all these platforms offering different apy for lending or staking. Consistency is always a problem, most of them always have difficulties continue paying their users and sometimes if not most times,  the apy is reduced and users will be disappointed. Imo, it is better to operate with platform with a fixed apy, that way you already know what to expect.
hero member
Activity: 1456
Merit: 608
Vave.com - Crypto Casino
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.
When you want to profit from staking something, you must give your funds to a third party platform and they will keep them under their control and use them for various purposes and give you some profit like the central bank of every country.  So there will be lots of ricks as your fund will go to other hands and it can scam you anytime but it is not guaranteed. So I don't support it much
Yield farming is just risky. That is right, it is like you allowed certain group of people to borrow your money for him to trade it and once he earned profit he'll give a percentage of the winnings on your end. Problem is; will there be a waiver that would give you assurance that your money has a tendency to be returned? 'coz if not that will only be a verbal agreement and that won't be acknowledge as complaint if anything bad happen. Much better if you will just copy trade if you don't have the knowledge with investments. What is important is to hold your capital on your 'authority' or wallet yourself. This will minimize the risk of losing money out of negligence other than the risk of having losses due to market behavior which is just temporary as long as you are not selling or liquidating.
Stalking platforms work like this, someone takes your dollars and gives you a profit from that, but if that company loses in the trade, they may scam your money and may not give you your original money back, so it is high risk and it is  It will be a good initiative to start a business yourself with your own money . So one should not depend on others for anything else . coz on the crypto industry not your key not your crypto
hero member
Activity: 2828
Merit: 518
You're pointing out OP that if we wanted to earn 9-10% APY we need to increase our funds and a loan becomes necessary.
Did you think this could help traders? I say NO but I would say that this will even add burden to them and bother them as this is not just their concern about earning a profit but also on how to pay their loan as well.

-traders must seeks a working strategy, not those who take them to higher risk and give them losses.
sr. member
Activity: 840
Merit: 292
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.

  - The deposit must be bigger than the loan amount? I think this much more risky I guess, and for me this is not a simple strategy dude.
I don't know how the strategy you mentioned is said to be simple. And I also think that I will not do this method.

I feel like I would rather borrow here on the forum than the kind of thing you are saying OP because that way it seems like I will only sink deeper into debt that way.
legendary
Activity: 2268
Merit: 1655
To the Moon
We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY...

If you transfer your coins from your wallet, then you are already putting yourself at risk of losing your money, no matter how reliable the platform is. As for calculations, as a rule, the market makes its own adjustments. And these calculations will be correct only as long as the price of Banana remains constant. In the case of a Banana price reduction, the APY may have a negative value. Thus, such a strategy will be successful only in a bull market.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.

Well, that is a very attractive interest rate, but after everything that happened to Luna, FTX or lending platforms like Celsius Network and more recently BlockFi also stopped withdrawing and declared bankruptcy. I think no one is interested in depositing money on centralized exchanges for small profit risking almost 100% of our assets.

If you are part of a project, it is not wise to start your project at this point, you should choose a better time. If you are an investor, then take the previous incidents as a lesson and stay away from all centralized platforms.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.
When you want to profit from staking something, you must give your funds to a third party platform and they will keep them under their control and use them for various purposes and give you some profit like the central bank of every country.  So there will be lots of ricks as your fund will go to other hands and it can scam you anytime but it is not guaranteed. So I don't support it much
Yield farming is just risky. That is right, it is like you allowed certain group of people to borrow your money for him to trade it and once he earned profit he'll give a percentage of the winnings on your end. Problem is; will there be a waiver that would give you assurance that your money has a tendency to be returned? 'coz if not that will only be a verbal agreement and that won't be acknowledge as complaint if anything bad happen. Much better if you will just copy trade if you don't have the knowledge with investments. What is important is to hold your capital on your 'authority' or wallet yourself. This will minimize the risk of losing money out of negligence other than the risk of having losses due to market behavior which is just temporary as long as you are not selling or liquidating.
hero member
Activity: 1456
Merit: 608
Vave.com - Crypto Casino
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.
When you want to profit from staking something, you must give your funds to a third party platform and they will keep them under their control and use them for various purposes and give you some profit like the central bank of every country.  So there will be lots of ricks as your fund will go to other hands and it can scam you anytime but it is not guaranteed. So I don't support it much
legendary
Activity: 3808
Merit: 1723
I think after everything happened this year, people are done earning yield. Most will rather keep it in a savings account than risk 100% of their money for a tiny yield.

Only yield that i would consider safe is if you sold the futures contract and bought it with the underlying. Kept the min margin and let it expire. However this won’t happen until another bull run starts.
hero member
Activity: 3010
Merit: 666
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.
I see how helpful it was for beginners but for me, I think  I already found a good strategy. I won't say I gain a lot from it but we know how trading works and not all strategies will apply to all traders as it also matters your choice and market analysis.
If you think OP that it works on you, you can never think also that it works for others because it varies results due to decision-making which is a common factor why traders fail in trading.

"buy low and sell high" - that was certainly the most simple way of earning a profit. Perhaps, you can earn more than 9-10% APY if you consistently be doing this.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
I think it’s time for people to stop seeing yield as an attractive thing. If something seems too good to be true, it usually is. Have we not seen enough similar companies go bust promising returns they can not guarantee will be honoured.

Seriously, anybody still looking at this type of thing seriously deserves to lose all their capital. There is no such thing as easy money.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
Instead of following new things,you can follow the trading.Because trading will be down using the usdt,then the coin which you brought should be hold for longer.For example,you can hold it for the longer period.When the pump market up,you can earn good money from it.Now many sites making us to trust and scam after few months.Avoid such things and to background verification before proceed with some websites.FTX also scam the people by the way of trust to the people.
hero member
Activity: 1456
Merit: 940
🇺🇦 Glory to Ukraine!
Very strange reaction... Why do you think Eonian is centralized? We are building Eonian - a decentralized yield farm. It is purely a smart contract protocol where you can check the code and see that no one except you has access to your money.

For me personally very heartbreaking to see such a position  Sad . We spend months researching all possible hacks and vulnerabilities in smart contract protocols, then designing them in a way that prevents anyone from stealing users' money, multiples times reviewing each line of code and cannot normally sleep while thinking what else can be done to save users which will trust us.

That hardly means anything these days, and there is no such thing as an error-proof code (or smart contract).  Not even audited ones.
If you've done your research, you should know this. But what does that mean? It means that if you've written your code well and audited it thoroughly, there's a good chance your smart contract won't have any bugs. Of course, this doesn't mean that it can't be exploited by a bad actor at any time (and it has been). Take the example of Luna and their supposed algorithmic stablecoin UST. There was no hack, there was no bad code exploit, and yet...

And then I heard that FTX was making whole money management in messenger, and thousands of users were trusting them millions of money Cry . And now you are saying that because of FTX, our project is also bad!

Yes, it's unfortunate what happened to the FTX exchange. However, there is a big difference between a legitimate and regulated financial institution and shady unregulated DeFi projects like yours. So when you make a bold statement like "Investments without risk", who is liable if things go downhill? Who will make investors whole if there is a hack or if you go bust?

If you think that serious investors are willing to take on the risk of your project, you are wrong. If you think that regulators will let DeFi projects like yours operate without a license and proper oversight, you are very wrong.
newbie
Activity: 2
Merit: 0
9%-10% of interest rate APY is reasonable and that's like the normal rates. But it's starting to make me worry about things when FTX has fallen and other companies that has relative service for giving interest to the deposits on their platform closed down.

The logic of earning from these interest rates is having huge deposits so that you'll also earn bigger from it. But with turn of events right now in the sphere, it's worrisome that they might collapse or file for bankruptcy while your deposits are still with them.

Hello. We have to use risk management for our assets and check protocols before a strategy will invest money. We are not gods, but we can reduce risks if we will invest in different strategies with different APY. We can find protocols and create strategies together (with community)



We specialize in strategies with low risk and average APY.
There's no such low risk and average APY, anything that you stake or invest on centralized entity where you don't have full control over your coins has a same risk regardless how small, big, popular, not popular of the sites! You must check there's many popular and big entity collapsed after CZ drama, I never think staking is a wise idea since you're risking anything to get few % interest only.

Only stick with decentralized currency and hold it on your own non custodial wallet.

We are here to earn money, and many people invest their money in different protocols directly without any strategies and risk management. We solve another kind of problem that you are talking about. I want to get additional rewards from my coins, and there are many people who want it too. I believe in Defi, and I want to check protocols and invest in these protocols my own many to get APY more than in a bank.

If you have any suggestions, you can provide them. We will create something more interesting for u together



Staking offers upto 8% to 10% for certain limits so why do someone have to take risk by investing such low returns on a new platform?

However the trust level among the users on holding their crypto assets on any other wallets apart from their own reduced a lot so this is not really the best time for the promotion.

We are not promoting something. We want to find a community that wants to earn and create something with us. We've created some strategies for protocols and see that we can earn money with fewer risks than we get from protocols directly. Do you want to participate?
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
Staking offers upto 8% to 10% for certain limits so why do someone have to take risk by investing such low returns on a new platform?

However the trust level among the users on holding their crypto assets on any other wallets apart from their own reduced a lot so this is not really the best time for the promotion.

8-10% is generously big interest but then Defi seemed to have failed though.
You just can't trust anything related to Defi or not to even altcoins these days when it offers unbelievable interest. Lending platforms are even filing bankruptcy like Blockfi. The guide actually explained a lot of good stuff to learn if only the lending platforms can be trusted.
sr. member
Activity: 1554
Merit: 413
....
Very strange reaction... Why do you think Eonian is centralized? We are building Eonian - a decentralized yield farm. It is purely a smart contract protocol where you can check the code and see that no one except you has access to your money.
Kudos for trying everything to ensure security of funds but let's not say that smart contracts on Ethereum or other networks such as BSC and Solana are completely decentralized. There are still elements of centralization and we have seen it many times when operations are halted every time one of these yield farming platforms are exploited.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
I think in this thread Op asked how to get 9-10% APY using USDT but apparently explained how through his blog, but I've done it on waves dex, the range of APY is not too different, but everything in crypto there is no lessrisk because everything will be proportional to the capital at risk with the profits to be gained, but with several events that have occurred in DeFi, is there still a lot of demand? I think now is the time to be more realistic and not tempted by the lure of profits.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
Staking offers upto 8% to 10% for certain limits so why do someone have to take risk by investing such low returns on a new platform?

However the trust level among the users on holding their crypto assets on any other wallets apart from their own reduced a lot so this is not really the best time for the promotion.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
I won't open my account on any DeFi platform and send my coin including USDT there to earn APY.

If a desired rate is about 10%, I would wait a few months for a market crash to buy and enjoy its bounce. After falling 20% or 30%, altcoins will bounce back 10% at least and it is enough for my target profit rate.

I will pick top altcoins like Ethereum or BNB, not pick DeFi or NFT tokens because with those tokens, I don't know will they crash more like LUNA, UST or FTT or will bounce back. Ethereum and BNB are safer choices for me.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
We researched it for our yield farm, in the position where we will continuously research new protocols for users who deposited tokens in our dApp, but you can do the same work by yourself. If you do it by yourself, you just need to monitor protocol APY, and you will get a successful profit.
Ive seen a lot of protocol too but this always end up being low and sometime failed due to the existing fact that apy cant be consistent due to massive users base. There are some who thought and create a way to rebalance this but Im not sure if they have been succesful on pulling off the idea for it. Somehow, its really sounds like a ponzi scheme and those who enter first will deifnitely ripped all the high gains.
legendary
Activity: 1820
Merit: 1207
We specialize in strategies with low risk and average APY.
There's no such low risk and average APY, anything that you stake or invest on centralized entity where you don't have full control over your coins has a same risk regardless how small, big, popular, not popular of the sites! You must check there's many popular and big entity collapsed after CZ drama, I never think staking is a wise idea since you're risking anything to get few % interest only.

Only stick with decentralized currency and hold it on your own non custodial wallet.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
9%-10% of interest rate APY is reasonable and that's like the normal rates. But it's starting to make me worry about things when FTX has fallen and other companies that has relative service for giving interest to the deposits on their platform closed down.

The logic of earning from these interest rates is having huge deposits so that you'll also earn bigger from it. But with turn of events right now in the sphere, it's worrisome that they might collapse or file for bankruptcy while your deposits are still with them.
legendary
Activity: 2576
Merit: 1655

How can this be low risk when it asks for users to deposit coins?

Crypto was rocked by FTX scam where people kept thier assets on exchanges. You have to be so dumb to not learn from the massive fraud happening this year to deposit to centralized Eonian.  We are already avoiding CEX, holders are already getting out of the exchanges to hold or stake coins in the wallets they own. You couldn't expect any new projects this time to do something good.

Very strange reaction... Why do you think Eonian is centralized? We are building Eonian - a decentralized yield farm. It is purely a smart contract protocol where you can check the code and see that no one except you has access to your money.

For me personally very heartbreaking to see such a position  Sad . We spend months researching all possible hacks and vulnerabilities in smart contract protocols, then designing them in a way that prevents anyone from stealing users' money, multiples times reviewing each line of code and cannot normally sleep while thinking what else can be done to save users which will trust us. We have already half a year postponing the release to implement all SecOps practices while spending personal money on development. I personally spend a month on an independent audit of ApeSwap (proof link: https://leovs09.notion.site/ApeSwap-Lending-Audit-Report-2c499edcbf0b432dbd94424268cf3a88) to only be sure, that if we will use this strategy we not will lose users money.

And then I heard that FTX was making whole money management in messenger, and thousands of users were trusting them millions of money Cry . And now you are saying that because of FTX, our project is also bad!

It's good that you have done your part, researching about the possible hacks because this is the first time that comes to my mind.

And hopefully this is not just a one done part, I mean you also need someone to monitor everything in a 24x7 basis? just to make sure that everything is running smoothly and if by chance there is a exploit in your system, you can simply react on it real time.

Also, need to be very active in looking for loopholes in your system. As obviously, hackers are smart and doing this as well. That's why it's better that you are one step ahead of the game, just saying.

Yes, you are right about monitoring. It is a part of the SecOps practices that we implement. We, on one side, monitor new hacks in DeFi, to react to new exploits, and on another side, will monitor money movements in our smart contracts to react if someone finds any breach in our code or code of protocols on which our strategies are dependent. We are also trying to set up a bug bounty program to incentivize ethical hackers to check our code.

Good, I like the bug bounty thingy, to compensate those bug hunters and incentivize them. At least you are giving them positive feedback instead when they found out some exploits in your system.

I like the SecOps practice as well and every project should implement this as well.

I'm still reading the articles though, and try to see if this is a 'realistic' approach. I know that this has been done before and could be the norm. But I'm looking at the APY, if it is practical approach as far as profits goes.
newbie
Activity: 5
Merit: 0

How can this be low risk when it asks for users to deposit coins?

Crypto was rocked by FTX scam where people kept thier assets on exchanges. You have to be so dumb to not learn from the massive fraud happening this year to deposit to centralized Eonian.  We are already avoiding CEX, holders are already getting out of the exchanges to hold or stake coins in the wallets they own. You couldn't expect any new projects this time to do something good.

Very strange reaction... Why do you think Eonian is centralized? We are building Eonian - a decentralized yield farm. It is purely a smart contract protocol where you can check the code and see that no one except you has access to your money.

For me personally very heartbreaking to see such a position  Sad . We spend months researching all possible hacks and vulnerabilities in smart contract protocols, then designing them in a way that prevents anyone from stealing users' money, multiples times reviewing each line of code and cannot normally sleep while thinking what else can be done to save users which will trust us. We have already half a year postponing the release to implement all SecOps practices while spending personal money on development. I personally spend a month on an independent audit of ApeSwap (proof link: https://leovs09.notion.site/ApeSwap-Lending-Audit-Report-2c499edcbf0b432dbd94424268cf3a88) to only be sure, that if we will use this strategy we not will lose users money.

And then I heard that FTX was making whole money management in messenger, and thousands of users were trusting them millions of money Cry . And now you are saying that because of FTX, our project is also bad!

It's good that you have done your part, researching about the possible hacks because this is the first time that comes to my mind.

And hopefully this is not just a one done part, I mean you also need someone to monitor everything in a 24x7 basis? just to make sure that everything is running smoothly and if by chance there is a exploit in your system, you can simply react on it real time.

Also, need to be very active in looking for loopholes in your system. As obviously, hackers are smart and doing this as well. That's why it's better that you are one step ahead of the game, just saying.

Yes, you are right about monitoring. It is a part of the SecOps practices that we implement. We, on one side, monitor new hacks in DeFi, to react to new exploits, and on another side, will monitor money movements in our smart contracts to react if someone finds any breach in our code or code of protocols on which our strategies are dependent. We are also trying to set up a bug bounty program to incentivize ethical hackers to check our code.

newbie
Activity: 5
Merit: 0
The strategy is very well explained and includes pictures for better understanding of the public. Congratulations for taking your time sharing knowledge with crypto community!

Although theoretically it looks an interesting executable concept, it's not simple on the reality. Of course there is a catch behind all of this, otherwise the platform itself could do all the steps and offer 9%-10% APY on USDT lending to investors.

However, they offer only 3%. If you want to persue more interest you have to risk yourself with the called BANANAcoin and that is the catchy part, I think.

There are serious risks of losing money with this strategy because BANANAcoin isn't an altcoin you can trust for the long term. Imagine if it heavily devaluates during your investment. It would be the end.

Thank you for the feedback! For me, the author of this article is very pleasant to hear it  Cheesy

The platforms are mainly not doing such a strategy by themselves because this strategy slowly declines the price of the token. if ApeSwap does it by itself, it will require them to sell their own token continuously while minting it. Of course, it is not in their interest.

You are right about risk, but I wouldn't name it a serious risk because the interest you pay is rarely more than 10% in a year. And when you see that your profit is too low, you can withdraw your money. You probably will have at least a month to react before any noticeable losses occur. Also, if you often enough sell BANAN, even high devaluates will not be a big problem. ApeSwap like and Compound pay their reward based on USD equivalent, which means if BANANA falls, you just receive more tokens.

But in general, of course, you are right, and I strongly recommend anyone consider if he is ready for such risks before investing.
full member
Activity: 2128
Merit: 180
The strategy looks good but there’s still a risk for this one especially many are still afraid to take such risk after what happened to FTX. The best strategy right now is to be more liquid and staking might be risky as of the moment. Anyway, will try to understand more about this strategy and maybe I follow this in the future once I see a good opportunity again.
hero member
Activity: 2842
Merit: 772

How can this be low risk when it asks for users to deposit coins?

Crypto was rocked by FTX scam where people kept thier assets on exchanges. You have to be so dumb to not learn from the massive fraud happening this year to deposit to centralized Eonian.  We are already avoiding CEX, holders are already getting out of the exchanges to hold or stake coins in the wallets they own. You couldn't expect any new projects this time to do something good.

Very strange reaction... Why do you think Eonian is centralized? We are building Eonian - a decentralized yield farm. It is purely a smart contract protocol where you can check the code and see that no one except you has access to your money.

For me personally very heartbreaking to see such a position  Sad . We spend months researching all possible hacks and vulnerabilities in smart contract protocols, then designing them in a way that prevents anyone from stealing users' money, multiples times reviewing each line of code and cannot normally sleep while thinking what else can be done to save users which will trust us. We have already half a year postponing the release to implement all SecOps practices while spending personal money on development. I personally spend a month on an independent audit of ApeSwap (proof link: https://leovs09.notion.site/ApeSwap-Lending-Audit-Report-2c499edcbf0b432dbd94424268cf3a88) to only be sure, that if we will use this strategy we not will lose users money.

And then I heard that FTX was making whole money management in messenger, and thousands of users were trusting them millions of money Cry . And now you are saying that because of FTX, our project is also bad!

It's good that you have done your part, researching about the possible hacks because this is the first time that comes to my mind.

And hopefully this is not just a one done part, I mean you also need someone to monitor everything in a 24x7 basis? just to make sure that everything is running smoothly and if by chance there is a exploit in your system, you can simply react on it real time.

Also, need to be very active in looking for loopholes in your system. As obviously, hackers are smart and doing this as well. That's why it's better that you are one step ahead of the game, just saying.
newbie
Activity: 5
Merit: 0
I am not sure how good these offers are after the market is crashed and since it is the time to buy more liquid coins rather than putting everything locked up. I mean there may be time when we will need to sell and rebuy and repeat these cycles to achieve good profitability along the way so locking up for such high period looks off right now. My view is not negative but I am thinking about various factors at the same time whole thinking about the staking based method of earning profits that too in the bearish market.

You correctly pointed to the main disadvantage of this strategy. I can say only that when I tested this strategy at the end of summer, BANANA token was falling the whole time, but it still generated high rewards. I deposited USDT in August and then claimed and sold BANANA only in October. I expected APY to be around 10% in the best conditions, but it generated 2.69% in two months. That in a year can be 2.69% * 6 = 16.14%. Previous profits, of course not a guarantee of future profits, but it still looks like a good strategy even in these conditions.
newbie
Activity: 5
Merit: 0

How can this be low risk when it asks for users to deposit coins?

Crypto was rocked by FTX scam where people kept thier assets on exchanges. You have to be so dumb to not learn from the massive fraud happening this year to deposit to centralized Eonian.  We are already avoiding CEX, holders are already getting out of the exchanges to hold or stake coins in the wallets they own. You couldn't expect any new projects this time to do something good.

Very strange reaction... Why do you think Eonian is centralized? We are building Eonian - a decentralized yield farm. It is purely a smart contract protocol where you can check the code and see that no one except you has access to your money.

For me personally very heartbreaking to see such a position  Sad . We spend months researching all possible hacks and vulnerabilities in smart contract protocols, then designing them in a way that prevents anyone from stealing users' money, multiples times reviewing each line of code and cannot normally sleep while thinking what else can be done to save users which will trust us. We have already half a year postponing the release to implement all SecOps practices while spending personal money on development. I personally spend a month on an independent audit of ApeSwap (proof link: https://leovs09.notion.site/ApeSwap-Lending-Audit-Report-2c499edcbf0b432dbd94424268cf3a88) to only be sure, that if we will use this strategy we not will lose users money.

And then I heard that FTX was making whole money management in messenger, and thousands of users were trusting them millions of money Cry . And now you are saying that because of FTX, our project is also bad!
newbie
Activity: 5
Merit: 0
Evem though strategy has a very enticing offer. It is not guaranteed of a succesful outcome or consistent percentage of profit by means of apr. It is gonna go down as many will stake on the project leaving apr down until its not usable anymore on the system. Ive seen a lot failed many times and this is not a perfect scheme we can always trust.

Hi, I wrote this article on medium.

You are right, this strategy does not guarantee stable profit and it will go down if the amount of users grows. But there few important points to consider. Any DeFi protocol while increasing liquidity providers' user base decreasing APY, it is normal. It is why you need to search for new protocols when the old is growing too much. This rule work with any DeFi strategy. In this exact case, we were explaining one such strategy, which will work with any Compound-like protocol. When it stops producing good APY on ApeSwap, you can move your money to the next protocol.

We researched it for our yield farm, in the position where we will continuously research new protocols for users who deposited tokens in our dApp, but you can do the same work by yourself. If you do it by yourself, you just need to monitor protocol APY, and you will get a successful profit.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
The strategy is very well explained and includes pictures for better understanding of the public. Congratulations for taking your time sharing knowledge with crypto community!

Although theoretically it looks an interesting executable concept, it's not simple on the reality. Of course there is a catch behind all of this, otherwise the platform itself could do all the steps and offer 9%-10% APY on USDT lending to investors.

However, they offer only 3%. If you want to persue more interest you have to risk yourself with the called BANANAcoin and that is the catchy part, I think.

There are serious risks of losing money with this strategy because BANANAcoin isn't an altcoin you can trust for the long term. Imagine if it heavily devaluates during your investment. It would be the end.
full member
Activity: 1092
Merit: 227
I am not sure how good these offers are after the market is crashed and since it is the time to buy more liquid coins rather than putting everything locked up. I mean there may be time when we will need to sell and rebuy and repeat these cycles to achieve good profitability along the way so locking up for such high period looks off right now. My view is not negative but I am thinking about various factors at the same time whole thinking about the staking based method of earning profits that too in the bearish market.
hero member
Activity: 3038
Merit: 617

How can this be low risk when it asks for users to deposit coins?

Crypto was rocked by FTX scam where people kept thier assets on exchanges. You have to be so dumb to not learn from the massive fraud happening this year to deposit to centralized Eonian.  We are already avoiding CEX, holders are already getting out of the exchanges to hold or stake coins in the wallets they own. You couldn't expect any new projects this time to do something good.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.
Evem though strategy has a very enticing offer. It is not guaranteed of a succesful outcome or consistent percentage of profit by means of apr. It is gonna go down as many will stake on the project leaving apr down until its not usable anymore on the system. Ive seen a lot failed many times and this is not a perfect scheme we can always trust.
newbie
Activity: 2
Merit: 0
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.
Jump to: