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Reddit Posts

r/CryptoCurrencySee Post

What is the cheapest way to withdraw ECR20 coins out of Binance?

r/CryptoCurrencySee Post

Been scammed - after advice

r/CryptoCurrencySee Post

AAVE Question: Why was I liquidated?

r/CryptoCurrencySee Post

Looking for a DAO maker tool that allows users to create ETF style funds

r/CryptoCurrencySee Post

Ampleforth - an introduction and what's new

r/CryptoCurrencySee Post

Beware of AAVE - Users funds locked since 18monthes

r/SatoshiStreetBetsSee Post

Which DeFi tokens are the best options available right now, in your opinion?

r/CryptoCurrencySee Post

KYC & Defi

r/CryptoCurrencySee Post

Worried my dad has fallen for a whatsapp investment scam

r/CryptoCurrencySee Post

Highlights from the "Why I do or don't use DeFi borrowing"

r/CryptoMarketsSee Post

Convert to BTC right now from alternative positions

r/CryptoCurrencySee Post

The IRS new rule would essentially kill crypto inside the US, but we still have time to change it

r/CryptoCurrencySee Post

Where to open an official complain regarding a decentralized lending platform (AAVE)

r/CryptoCurrencySee Post

You want to participate a launchpad, but they ask you to lock a specific token to to be able to join it? Here is a simple trick for you.

r/CryptoCurrencySee Post

Will Bitcoin ‘Uptober’ bring gains for MKR, AAVE, RUNE and INJ?

r/CryptoCurrencySee Post

Nooby questions in regards to borrowing/lending on dAPPs(aave)

r/CryptoCurrencySee Post

Tokenizing real world assets

r/CryptoCurrencySee Post

The Top 10 DefI Cryptocurrencies to Watch in 2023 before the Bull Run

r/CryptoCurrencySee Post

ERC20 Tokens Contract Addresses - Make Sure You're Swapping the Right Tokens (Tutorial for N00bs)

r/CryptoCurrencySee Post

Is Defi mostly for whales?

r/SatoshiStreetBetsSee Post

Unveiling the Hottest Sectors for the Upcoming Bull Market

r/CryptoCurrencySee Post

Aavegotchi game devs manipulating AAVE DAO to siphon $1.5mm. Please vote NO on their proposal/cash grab.

r/SatoshiStreetBetsSee Post

Crypto Investments Rooted in Real-World Problem Solving

r/CryptoCurrencySee Post

What to do with Aave

r/CryptoCurrencySee Post

With 369K volume in 24 hours the Moon/USD pool on Kraken is the 27th largest USD Spot trading pool by Volume.

r/CryptoCurrencySee Post

CRV pools hacked

r/CryptoCurrencySee Post

How to understand and analyze the market?

r/CryptoCurrencySee Post

Launching stablecoins within lending protocols has become a popular trend

r/CryptoCurrencySee Post

How to understand and analyze the market?

r/CryptoCurrencySee Post

How to understand and analyze the market?

r/CryptoCurrencySee Post

Trying to Find Old ERC-20 Currencies

r/CryptoCurrencySee Post

How Chain Abstraction could avoid the drainage of wallets

r/CryptoCurrencySee Post

Just a reminder: Most crypto critics have never actually used crypto before.

r/CryptoCurrencySee Post

Aave Token Holders Vote on Converting $3 Million in ETH from Treasury

r/CryptoCurrencySee Post

Celsius to sell 170 million of Alts.

r/CryptoCurrencySee Post

As DAI to ETH liquidity ratio on lending platform AAVE increasingly one sided, DAI borrow rate reaches -18% in negative interest, perversely rewarding borrowers and opening a myriad of profitable strategies for traders.

r/CryptoCurrencySee Post

Why I love Avax

r/CryptoCurrencySee Post

Pseudo-DCA 1 year later June 15th

r/CryptoCurrencySee Post

USDT Depegged Today

r/SatoshiStreetBetsSee Post

blockbank ($BBANK) undervalued gem

r/CryptoCurrencySee Post

Bitcoin reclaims $28K, and charts suggest ARB, XRP, EOS and AAVE could follow

r/CryptoCurrencySee Post

How does Curve's economic model sustain itself despite such low trading fees?

r/CryptoCurrencySee Post

How does Curve's economic model sustain itself despite such low trading fees?

r/CryptoMarketsSee Post

$100 or $1,000? AAVE Price Prediction for 2023, 2025 & 2030

r/CryptoMarketsSee Post

$100 or $1,000? AAVE Price Prediction for 2023, 2025 & 2030

r/CryptoCurrenciesSee Post

Seeking legal advice for a suspected dapp scam

r/CryptoCurrencySee Post

If our MOONS had the same market cap as PEPE right now we would be at nearly $15, a 80x in price.

r/CryptoCurrencySee Post

Options please - swapping and / or sending

r/CryptoCurrencySee Post

Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish

r/CryptoCurrencySee Post

Explained: What is Bridging and How Does it Work? (Bridge ETH to Arbitrum, zkSync, etc.)

r/CryptoCurrencySee Post

Best DeFi platforms 2023? Share Your Thoughts and Picks!

r/CryptoCurrencySee Post

New to DeFi Lending. Does this make sense?

r/CryptoMoonShotsSee Post

BOWL - The first Shibarium Decentralized P2P Protocol

r/CryptoCurrencySee Post

Will AAVE Price Recover and Reach New Highs?

r/CryptoCurrencySee Post

Got HACKED! Seed not compromised. Web3, Save or TrustWallet issue?

r/CryptoMarketsSee Post

Round trip USDC trade

r/CryptoCurrencySee Post

WhaleStats Reveals AAVE Is Being Favored By ETH Whales

r/CryptoCurrencySee Post

What's the best coin to accumulate from Curve crypto rewards?

r/CryptoCurrencySee Post

Understanding leverage trading

r/CryptoMarketsSee Post

$29.1 Million in AAVE Has Been Moved By Long-Standing Whale, Largest Amount in 6 Weeks

r/CryptoCurrencySee Post

$29.1 Million in AAVE Has Been Moved By Long-Standing Whale, Largest Amount in 6 Weeks

r/CryptoCurrencySee Post

The worst hack in Crypto, probably ever: The Platypus hacker got arrested within 1 week and had no access himself to his hacked funds in the first place.

r/CryptoCurrencySee Post

Will we ever see sub $800 ETH - a short analysis

r/SatoshiStreetBetsSee Post

$AAVE cracks list of top 10 promising crypto projects for 2023. Which projects do you think have the most potential in 2023?

r/CryptoCurrencySee Post

What the Hell is happening with rETH on AAVE right now?

r/CryptoCurrencySee Post

My crypto story from 2017 - present (tragicomedy)

r/CryptoMarketsSee Post

It makes absolutely no sense that people like CZ and SBF have this much power in a market that’s literally community lead.

r/CryptoCurrencySee Post

Alright frens, sincerely, it’s time we as a community have a talk. (Crypto investing 101)

r/CryptoCurrencySee Post

A beginner friendly guide to Arbitrum

r/CryptoCurrencySee Post

AAVE price declines by 7% despite V3 receiving approval to deploy on Ethereum

r/CryptoCurrencySee Post

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

r/CryptoCurrencySee Post

Bitcoin surpasses $23,000 as Bitcoin Exchange reserves keep recovering from FTX collapse, applying upward price pressure

r/CryptoCurrencySee Post

What kind of analytics are you lacking?

r/CryptoMoonShotsSee Post

Unmarshal - Most Reliable Blockchain Data Infrastructure APIs - Big Partnership

r/CryptoMoonShotsSee Post

Unmarshal - Most Reliable Blockchain Data Infrastructure APIs - The easiest way to query Blockchain data from 20+ chains including Ethereum, BSC, Polygon

r/CryptoCurrencySee Post

DAO’s have been experiencing major pumps recently, and here’s exactly why:

r/CryptoCurrencySee Post

Selling losses within the next 18 hours(I found out last year the tax season ends hours prior to American Midnight.) looking for next investment

r/CryptoCurrencySee Post

72 AAVE appeared in my wallet, What the hell?

r/CryptoCurrencySee Post

Which alts do you think will survive this bear, and which will be long tanked by the time the bull comes?

r/CryptoCurrencySee Post

AAVE is acquiring Sonar, a Metaverse Company

r/CryptoCurrencySee Post

Perpetual Protocol and Perpetual DeX 101

r/SatoshiStreetBetsSee Post

Bitcoin price consolidation could give way to gains in TON, APE, TWT and AAVE

r/CryptoMarketsSee Post

DeFi has been experiencing A TON of development and support. I’m assuming people are finally realizing how corrupt CeFi really is

r/CryptoCurrencySee Post

Surprisingly the Crypto Currencies have been increasing on Robinhood.

r/CryptoCurrencySee Post

If there was no price speculation associated with crypto, which crypto services would you use at the end of the day?

r/CryptoCurrencySee Post

24-hours ago AAVE effectively ended it its internal process in resolving AAVE's protocol failure during the Harmony Bridge exploit. By ending this process without resolution, while refusing to engage in external recovery groups, AAVE users at the mercy of a bureaucracy worse than any bank.

r/CryptoCurrencySee Post

EthereansOS - Why Decentralization Matters

r/CryptoCurrencySee Post

Understanding Curve's new stablecoin, LLAMMA

r/CryptoCurrencySee Post

A detailed explanation of what happened with CRV and AAVE.

r/CryptoCurrencySee Post

AAVE could go broke if ETH takes another leg down

r/CryptoCurrencySee Post

Anyone know what's going on with stable coins on AAVE?

r/CryptoCurrencySee Post

ETH defi faces massive liquidations around $720

r/CryptoCurrencySee Post

FTX Accounting Fraud - In Depth Look

r/CryptoCurrencySee Post

UNI vs AAVE vs GMX

r/CryptoCurrencySee Post

AMA with MetisDAO!

r/CryptoCurrencySee Post

Sad story: How I (and others) lost everything on AAVE

r/CryptoCurrencySee Post

How to become a self-made billionare (SBF eddition) - simplifed

r/CryptoCurrencySee Post

The Crypto Industry Keeps Repeating the Mistakes of the Industry it Sought to Destroy

r/CryptoCurrencySee Post

[SERIOUS] Regardless of a bailout, the worst has likely yet to come

r/CryptoCurrencySee Post

COMP and AAVE Price Prediction: DeFi Tokens Stand Their Ground

Mentions

tldr; HydraDX, a growing protocol in the Polkadot ecosystem, is evolving with new developments including the launch of a lending and borrowing platform, the introduction of a native decentralized stablecoin named HOLLAR, and a proposed rebrand to Hydration Network. The lending platform is a fork of AAVE v3, aiming for efficient and reliable liquidations. HOLLAR aims to be a future-proof stablecoin with an Adaptive Liquidity framework for peg stability. The rebrand to Hydration Network reflects the protocol's growth and focus on liquidity, accompanied by a visual refresh to align with its new identity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#AAVE#DYOR

tldr; Aave, a leading DeFi protocol, has faced controversy and advisor departures over its governance and a proposed rewards system. Gauntlet, a risk management service, left due to disagreements with Aave's largest stakeholders. The protocol's governance, led by AAVE token holders, has been criticized for a new incentive system that punishes users of competing platforms, specifically targeting Morpho. This system would dilute rewards for users of 'non-aligned protocols' while boosting rewards for those who migrate assets back to Aave. The move has sparked debate over its impact on innovation and user choice in the DeFi space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#AAVE#DYOR

Join chains like Optimism’s, Arbitrum’s, Base’s, & Polygon’s discord servers. Also hit up crosschain projects like Curve, Beefy’s, AAVE’s, & Frax’s servers. Once you joined those & after you learn what they’re doing start branching out to chain specific liquidity hubs project servers & learn about them. Then join the servers of the projects that use those hubs & learn about them. Research all the intertwined partnerships & six degrees of separation & next thing you know your flywheelin & LP chain hopping. Warning this can be extremely addictive & you need a game plan to enter & exit. I suggest choosing ETH/USDC as your liquidity vehicle to traverse throughout EVM chains. If you can’t get there easily you can’t leave easily ETHER. Also TVL & transactions/fees are food. Lacking TVL & transactions you’ll starve to dEaTH. Chain has less than $100 milly TVL pass or gamble. Don’t fall in love with a coin, but it’s ok to have a long term relationship with one. Don’t be afraid to pull out ETHER vs being somebody else’s coincuck.

#Polygon Pro-Arguments Below is a Polygon pro-argument written by a deleted user. > ####**High Efficiency** > > **Very Fast network** > > The main benefit of using the Polygon PoS network is that it's an Ethereum scaling solution that provides much faster and cheaper transactions. > > * **High Throughput**: Current throughput is 350 TPS for 21k gas transfers and ~150 for ERC-20 tokens. It can go faster as a [7200 TPS test with 122 validators has shown](https://cryptoslate.com/matic-testnet-just-powered-ethereum-eth-to-7200-tps-dapps-next/), but Polygon decided to keep the limit at 30M gas per block to combat spam and storage bloat. > * **Fast Block Times**: It has very-fast [2-second average block times](https://polygonscan.com/chart/blocktime). Though due to its finality being probabilistic and high chance of reorgs, you would want to wait ~32 blocks or 1 minute before assuming finality. > > **Lower Fees than L2** > > * Fees are extremely cheap, so much that [validators have been colluding to set the priority fee at 30 Gwei](https://cryptoslate.com/polygon-matic-to-raise-gas-fee-to-30-gwei-to-prevent-spam-transactions/) to combat spam ever since [Polygon co-founder Sandeep's recommendation for it in Oct 2021](https://forum.polygon.technology/t/recommended-min-gas-price-setting/7604). > * Even with the artificially-inflated fees, Polygon transfer fees still only cost $0.001 while competing L2 rollup transfer fees are usually 10x to 100x more expensive in the [$0.02 to $0.20 range](https://l2fees.info/). > * A lot of games like Decentraland and The Sandbox moved to Polygon because they are able to airdrop NFTs to thousands of players at negligible costs. > > ####**Benefits from a synergistic relationship with Ethereum** > > There is a lot of overlap between the Ethereum and Polygon communities, and they both benefit from it. > > While Polygon is technically a sidechain, it helps offload a lot of traffic off Ethereum L1 and thus helps scale it. Thus, it's filling in the same role as an L2. > > * Polygon copies a lot of Ethereum's code and updates. For example, Polygon's London update for EIP-1559 is copied from Ethereum's London update. > * Nearly any wallet that works for Ethereum also works for Polygon. > * Polygon and Ethereum both use EVM for smart contracts, so it's easy for Ethereum's large number of devs to work on Polygon. Their blockchain explorers are also almost identical, so it's easy to audit transactions between them. > * Polygon's Bor block producer layer runs a version of Geth (the Go implementation of Ethereum), so they share similar consensus clients. > * Polygon generates hundreds of thousands of dollars of transactions fees for Ethereum through [MATIC Token transfers](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0), [PoS Bridge transfers](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77), and their [Root Chain Proxy](https://etherscan.io/address/0x86e4dc95c7fbdbf52e33d563bbdb00823894c287) checkpoints every 30-45 minutes. > * Ethereum provides security for Polygon PoS through [their checkpoints](https://wiki.polygon.technology/docs/pos/heimdall/checkpoint/), which are necessary as Polygon bridge proofs. MATIC tokens are also [staked on the Ethereum network](https://wiki.polygon.technology/docs/faq/staking-faq/). > > ####**High TVL and app support** > > * **Top 10**: Polygon's TVL has declined greatly in the bear market [to $1.2B](https://defillama.com/chains), but it's still enough to hang onto its Top 10 spot. Its market cap is also still in the [top 10 at $10B](https://www.coingecko.com/en/coins/polygon). > * **Many dApps** like OpenSea, AAVE, Curve, and Uniswap support Polygon. **Reddit's Collectible Avatars** launched on Polygon PoS, which gave it a lot of social media publicity. > * **CEX support**: Most of the largest CEXs like Binance, Coinbase, and Kraken now support the Polygon network for withdrawals. > * **Metaverse**: The 2 largest metaverse games, Decentraland and The Sandbox uses Polygon for their player item NFTs. > > ####**Upcoming Polygon zkEVM** > > The whole Ethereum community is very excited for zkEVMs. > > Polygon was the first to launch a [public zkEVM testnet](https://polygon.technology/blog/polygon-zkevm-public-testnet-the-next-chapter-for-ethereum) in Oct 2022. They already have a [mainnet launch date of March 27, 2023](https://polygon.technology/blog/to-ethereum-with-love-announcing-polygon-zkevm-mainnet-beta-on-march-27th), and everyone is looking forward to it. > > #####**Nakamoto Coefficient is increasing** > > Polygon has a [limit of 100 validators](https://wiki.polygon.technology/docs/maintain/validate/validator-responsibilities/). While this is still quite low, it actually has a bigger Nakamoto Coefficient than both Bitcoin and Ethereum. The more important thing is that it's increasing. Only several months ago, it only took 5 validators to reach 50% stake of the network. Now it has increased to [7 staking validators](https://polygonscan.com/stat/miner?range=14&blocktype=blocks) of MATIC. You can track the identities of the validators, and they all seem to be distinct organizations. > > This is partially thanks to how its [staking website](https://staking.polygon.technology/validators) encourages delegates to stake with smaller validators. Validators with large stakes are hidden on the website while only the smaller ones are shown. There is also a message at the top saying: "To distribute power on the network, please delegate to other top performing validators." > > ####**Great user experience** > > I personally complain a lot about Polygon's centralization and lack of transparency. But I still use Polygon PoS more than any other network. > > Ultimately what matters to me is that it is fast, cheap, has a huge amount of dApps, has good CEX adoption, and has a great blockchain explorer. And those combined lead to a great user experience. > > For new users who don't have MATIC gas tokens, there is a [Polygon Wallet Suite](https://wallet.polygon.technology/polygon/gas-swap) where you can use meta transactions to convert bridged ETH to MATIC without first needing MATIC. > > ####**Long-term Economic Sustainability** > > - The MATIC token is used for staking, and those rewards come from both a token pool and from transaction fee. The [1.2B token pool allocated to Validator Rewards is expected to run out in 2023](https://docs.polygon.technology/docs/maintain/validator/rewards/), after which there will be no more supply inflation. Fifth year validator rewards from the 12% pre-allocated supply will total $150M. After the 5th year, validators are meant to survive on transaction fees alone. > - Currently, [transaction Fees generate $70M annually, with $40M of it burned](https://tokenterminal.com/terminal/projects/polygon). This equates to $300K per validator annually. That's more than enough to run a validator annually. So besides Ethereum, this is one of the few networks with an economically-sustainable security model without inflation. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

The best place to start if you want to learn about DeFi dApps is https://defillama.com/. There is a ludicrous amount of info on that site if you explore it. It's also probably the safest place to get links from, certainly better than just googling. Here's their page on AAVE: https://defillama.com/protocol/aave

Mentions:#AAVE

AAVE isn't a centralized exchange, it's a set of permissionless, open source smart contracts. No humans to rug you or go insolvent or whatever, it's one of the OG DeFi platforms alongside Maker, Uniswap etc. Another DeFi option if you don't plan on taking out the ether for a long time is Alchemix, which provides self-repaying loans. You can convert your ether to rETH (RocketPool's staked ether) and then deposit that in Alchemix. You then borrow alETH, swap that back for regular ether and then cash out to buy the car. The loan slowly repays itself using the rewards being earned by the staked rETH. When you come to pay back the loan it will be less than you borrowed. Obviously, don't do anything based on a random commenter's suggestion on Reddit, look into AAVE, Alchemix (also Compound) yourself. I just wanted to point out that there are lots of options in DeFi and so you don't need to rely on centralized exchanges.

Mentions:#AAVE

I wouldn’t worry about AAVE and Uniswap. They are self sustaining. In bancor, if lenders needed their money back they would be compensated in Bancor token, which when everyone needed their money bank at once, crashed the token value. In AAVE, if lenders need their money back, the collateral stored by borrowers is what’s used to compensate. This means that for anyone to borrow from AAVE they need to put capital down (usually ETH) just in case things go south. If there is a bank run with every lender pulling out, the collateral is mathematically enough to be exchanged for the token lent and compensate lenders. If the collateral falls below a certain value, the BORROWER is liquidated. In summary, bancor was providing high returns for lenders and non/low collateral loans for borrowers. Collateral is important. Using a vapor ware token that is hyper inflationary cannot replace collateral. On the other hand AAVE has far more realistic returns for lenders as well as the requirement for full collateral. Which may be annoying to the user, but this algorithmically ensures the protocol cannot eat lender money and not compensate them. There are other security risks, don’t get me wrong, but what happened to Bancor literally cannot happen on AAVE.

Mentions:#AAVE#ETH

#Avalanche Pro-Arguments Below is a Avalanche pro-argument written by cryotosensei. > > 1. Avalanche is a good layer-1 blockchain, which will offer an alternative to Ethereum mainnet and layer-2 solutions. Its less-than-2-seconds finality is superior to that of other blockchains. > 2. Avalanche makes possible the interoperability of blockchains as it allows for speedy transfers of Avalanche and Ethereum assets between blockchains. This is because of the availability of the Subnet-Ethereum Virtual Machine that lets developers create their own programmable EVM-compatible blockchain. > 3. Avalanche has a growing DeFi ecosystem. Last year, the Avalanche Foundation rolled out Avalanche Rush, a $180M liquidity mining incentive program and successfully wooed AAVE and Curve - two significant protocols - to launch on it. > 4. As such, Avalanche has attracted keen interest from both traditional institutional giants and crypto firms. Grayscale is considering it; Celsius allows investors to earn interest on it. FTX now accepts USDC in AVAX. Even 1inch network has expanded its limit order protocols to AVAX. > 5. Avalanche has goals that it is working steadily towards, which could inspire investor confidence. To solidify its niche in subnets, it has rolled out a dedicated Avalanche Multiverse program. DeFi Kingdoms is the first subnet to receive financial support through this program. Aside from subnets, it is funding creative projects through its Culture Catalyst Fund. A joint partnership with Web3 social media platform Op3n, this fund has decided on its first recipient, Grimes, who intend to launch an intergalactic children’s metaverse book on both platforms. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find submissions for other topics.

Yeah, I think so as well. But I found on Google that AAVE has ongoing airdrop which started today, so this could be legit. I don't remeber what wallet I was using for it so idk lol

Mentions:#AAVE

Just got an email with AAVE airdrop, how can I check if it's scam or not?

Mentions:#AAVE

AAVE. Rate could be lower than others, but it is the most reliable out there.

Mentions:#AAVE

Which market should I use on AAVE for USDC? Is Polygon good or should I use another one?

Mentions:#AAVE#USDC

Thanks, AAVE sounds good I think. Are you using the Polygon market on AAVE or something else?

Mentions:#AAVE

Does [AAVE](https://app.aave.com/?marketName=proto_optimism_v3) block you? I'm getting 8.42% on my USDT and 25.76% on my sUSD right now. 11.96% for USDC. Maybe [Sonne](https://sonne.finance/portfolio/)? They're giving 11.63% on USDT now. 13.18% USDC. Depending on which [Extra](https://app.extrafi.io/lend) pool you deposit into the USDC is earning 7.9% to 18.34%. [Idle](https://app.idle.finance/#/earn/yield-tranches) might block you.

My concern with ONE and FTM specifically is that they have no leg to stand on ever since they had major hacks, and I saw that larger DeFi projects like AAVE no longer support them, which will likely restrict adoption. And does LRC have any fundamentals or hype worth paying attention to, now that GameStop is no longer working with them?

I'm trying to convince a bank to give me a loan. I turn into Jean-Ralphio >[I'm FluUuUsh with CryYyYpto](https://www.youtube.com/watch?v=hgl6AoCmVlw) I wish it was as easy as AAVE or curve, they don't even *want* to know who I am.

Mentions:#AAVE

DOT, AVAX, ATOM for large cap alts, AAVE, CFG STORJ, for medium cap, LIT, NCT are some of the small caps I’ve been eyeing. Not FA advice, just some projects I see being actively used and support personally.

Their protocol suffered a catastrophic failure, they didn't use proof of stake, they didn't close lending for weeks, they didn't compensate losses via the much promoted AAVE safety module that was created for this exact circumstance.

Mentions:#AAVE

I bought the top. I bought the bottom. I am significantly up on my investments since November 2021. It helps that I started investing in 2017, so I was up even in the depths of the bear market. But if you only look at the funds I invested since say July of 2021 or November of 2021, I am still up. Why? Dollar cost averaging (DCA). I DCA my purchases and sales. When the market goes up, I DCA sell. When the market goes down, I DCA buy. I try to keep my crypto investments at a set percentage range of my overall investments. I won't get a 100x, as I cash out slowly (e.g. 50% out when I get a 2x). But I also stuff my bags when the market crashes as I keep buying as the market goes down. With that said, some of my alt bags are massively negative. I only DCA for BTC/ETH (these make up 90% of my bag). I am down on ALGO. I am down on MATIC. I am down on ATOM (though massively up if you include air drops and staking rewards). I am down on some other alts I sold since 2021 (e.g. AAVE, TRU, ADA, and more). I was also up on alts last bull run (the biggest being SOL that I started buying at 20 and sold the bulk of my bags over $200). And I missed opportunities too. For example, I bought ETH late as I only started in early 2021 with DCA purchases. Crypto is fine as part of an overall investment strategy. Some go degen with altcoins and microcaps. Some go degen mode with 100% crypto. I keep my crypto investment small (10% of total investments). And I mostly stick to BTC/ETH (90% of crypto investments). This means my degen altcoin purchases for non-ETH altcoins is 1% of my total investments. As a 40 year old, this is the risk tolerance I am comfortable with. For a 20 year old, this may be too conservative.

harmony_one Also, fuck Harmony One and AAVE specifically for stealing my ONE.

Mentions:#AAVE#ONE

It's not like just *having* a large sum to work with automatically means they'll stop your funds up... but I'd probably work my way up over time, selling increasingly larger amounts over time-- if that's what you're looking to do. Alternatively, you could also consider bridging some BTC to Ethereum, locking it into a smart contract, then borrowing USDC from a lending service like AAVE against the value. Borrowing against the value of crypto is just a loan with collateral, so it's not taxable in most countries.

I just noticed that [AAVE Optimism Tether](https://app.aave.com/reserve-overview/?underlyingAsset=0x94b008aa00579c1307b0ef2c499ad98a8ce58e58&marketName=proto_optimism_v3) is up to 57.82% supplier interest. 96.59% utilization rate. I suppose that means someone withdrew their Tether to use elsewhere. I doubt anyone would intentionally take a loan that high. Until things balance it's nuts.

Mentions:#AAVE

#Polygon Pro-Arguments Below is a Polygon pro-argument written by a deleted user. > ####**High Efficiency** > > **Very Fast network** > > The main benefit of using the Polygon PoS network is that it's an Ethereum scaling solution that provides much faster and cheaper transactions. > > * **High Throughput**: Current throughput is 350 TPS for 21k gas transfers and ~150 for ERC-20 tokens. It can go faster as a [7200 TPS test with 122 validators has shown](https://cryptoslate.com/matic-testnet-just-powered-ethereum-eth-to-7200-tps-dapps-next/), but Polygon decided to keep the limit at 30M gas per block to combat spam and storage bloat. > * **Fast Block Times**: It has very-fast [2-second average block times](https://polygonscan.com/chart/blocktime). Though due to its finality being probabilistic and high chance of reorgs, you would want to wait ~32 blocks or 1 minute before assuming finality. > > **Lower Fees than L2** > > * Fees are extremely cheap, so much that [validators have been colluding to set the priority fee at 30 Gwei](https://cryptoslate.com/polygon-matic-to-raise-gas-fee-to-30-gwei-to-prevent-spam-transactions/) to combat spam ever since [Polygon co-founder Sandeep's recommendation for it in Oct 2021](https://forum.polygon.technology/t/recommended-min-gas-price-setting/7604). > * Even with the artificially-inflated fees, Polygon transfer fees still only cost $0.001 while competing L2 rollup transfer fees are usually 10x to 100x more expensive in the [$0.02 to $0.20 range](https://l2fees.info/). > * A lot of games like Decentraland and The Sandbox moved to Polygon because they are able to airdrop NFTs to thousands of players at negligible costs. > > ####**Benefits from a synergistic relationship with Ethereum** > > There is a lot of overlap between the Ethereum and Polygon communities, and they both benefit from it. > > While Polygon is technically a sidechain, it helps offload a lot of traffic off Ethereum L1 and thus helps scale it. Thus, it's filling in the same role as an L2. > > * Polygon copies a lot of Ethereum's code and updates. For example, Polygon's London update for EIP-1559 is copied from Ethereum's London update. > * Nearly any wallet that works for Ethereum also works for Polygon. > * Polygon and Ethereum both use EVM for smart contracts, so it's easy for Ethereum's large number of devs to work on Polygon. Their blockchain explorers are also almost identical, so it's easy to audit transactions between them. > * Polygon's Bor block producer layer runs a version of Geth (the Go implementation of Ethereum), so they share similar consensus clients. > * Polygon generates hundreds of thousands of dollars of transactions fees for Ethereum through [MATIC Token transfers](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0), [PoS Bridge transfers](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77), and their [Root Chain Proxy](https://etherscan.io/address/0x86e4dc95c7fbdbf52e33d563bbdb00823894c287) checkpoints every 30-45 minutes. > * Ethereum provides security for Polygon PoS through [their checkpoints](https://wiki.polygon.technology/docs/pos/heimdall/checkpoint/), which are necessary as Polygon bridge proofs. MATIC tokens are also [staked on the Ethereum network](https://wiki.polygon.technology/docs/faq/staking-faq/). > > ####**High TVL and app support** > > * **Top 10**: Polygon's TVL has declined greatly in the bear market [to $1.2B](https://defillama.com/chains), but it's still enough to hang onto its Top 10 spot. Its market cap is also still in the [top 10 at $10B](https://www.coingecko.com/en/coins/polygon). > * **Many dApps** like OpenSea, AAVE, Curve, and Uniswap support Polygon. **Reddit's Collectible Avatars** launched on Polygon PoS, which gave it a lot of social media publicity. > * **CEX support**: Most of the largest CEXs like Binance, Coinbase, and Kraken now support the Polygon network for withdrawals. > * **Metaverse**: The 2 largest metaverse games, Decentraland and The Sandbox uses Polygon for their player item NFTs. > > ####**Upcoming Polygon zkEVM** > > The whole Ethereum community is very excited for zkEVMs. > > Polygon was the first to launch a [public zkEVM testnet](https://polygon.technology/blog/polygon-zkevm-public-testnet-the-next-chapter-for-ethereum) in Oct 2022. They already have a [mainnet launch date of March 27, 2023](https://polygon.technology/blog/to-ethereum-with-love-announcing-polygon-zkevm-mainnet-beta-on-march-27th), and everyone is looking forward to it. > > #####**Nakamoto Coefficient is increasing** > > Polygon has a [limit of 100 validators](https://wiki.polygon.technology/docs/maintain/validate/validator-responsibilities/). While this is still quite low, it actually has a bigger Nakamoto Coefficient than both Bitcoin and Ethereum. The more important thing is that it's increasing. Only several months ago, it only took 5 validators to reach 50% stake of the network. Now it has increased to [7 staking validators](https://polygonscan.com/stat/miner?range=14&blocktype=blocks) of MATIC. You can track the identities of the validators, and they all seem to be distinct organizations. > > This is partially thanks to how its [staking website](https://staking.polygon.technology/validators) encourages delegates to stake with smaller validators. Validators with large stakes are hidden on the website while only the smaller ones are shown. There is also a message at the top saying: "To distribute power on the network, please delegate to other top performing validators." > > ####**Great user experience** > > I personally complain a lot about Polygon's centralization and lack of transparency. But I still use Polygon PoS more than any other network. > > Ultimately what matters to me is that it is fast, cheap, has a huge amount of dApps, has good CEX adoption, and has a great blockchain explorer. And those combined lead to a great user experience. > > For new users who don't have MATIC gas tokens, there is a [Polygon Wallet Suite](https://wallet.polygon.technology/polygon/gas-swap) where you can use meta transactions to convert bridged ETH to MATIC without first needing MATIC. > > ####**Long-term Economic Sustainability** > > - The MATIC token is used for staking, and those rewards come from both a token pool and from transaction fee. The [1.2B token pool allocated to Validator Rewards is expected to run out in 2023](https://docs.polygon.technology/docs/maintain/validator/rewards/), after which there will be no more supply inflation. Fifth year validator rewards from the 12% pre-allocated supply will total $150M. After the 5th year, validators are meant to survive on transaction fees alone. > - Currently, [transaction Fees generate $70M annually, with $40M of it burned](https://tokenterminal.com/terminal/projects/polygon). This equates to $300K per validator annually. That's more than enough to run a validator annually. So besides Ethereum, this is one of the few networks with an economically-sustainable security model without inflation. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

No liquidity? Excuse me? AAVE markets are rich with liquidity on OP / ARB, and so is Uniswap and almost any major DEX or DEX aggregator. You can do EVERYTHING on L2 that you can do on L1. Lend ETH / Stables / Coins Borrow ETH / Stables / Coins Buy NFTs / Sell NFTs Bridge almost any coin in or out Buy LSTs Do Perps / Leverage / the "GMX" thing you're talking about Provide liquidity (which is what makes L2 very rich in liquidity) Open vaults ETC, do your own research (this goes without saying)

As far as I know, AAVE.com is *the* trusted lending spot (that isn't a stablecoin issuing DAO).

Mentions:#AAVE#DAO

#Chainlink Con-Arguments Below is a Chainlink con-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

#Chainlink Pro-Arguments Below is a Chainlink pro-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

A small correction - it was released last year on restricted access mainnet (whitelist), not testnet. AAVE, Synthetix and Xswap all have currently deployed CCIP integrations. General access mainnet is what is coming "early 2024".

Mentions:#AAVE

#Chainlink Pro-Arguments Below is a Chainlink pro-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

#Chainlink Con-Arguments Below is a Chainlink con-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

#Chainlink Pro-Arguments Below is a Chainlink pro-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

#Polygon Pro-Arguments Below is a Polygon pro-argument written by a deleted user. > ####**High Efficiency** > > **Very Fast network** > > The main benefit of using the Polygon PoS network is that it's an Ethereum scaling solution that provides much faster and cheaper transactions. > > * **High Throughput**: Current throughput is 350 TPS for 21k gas transfers and ~150 for ERC-20 tokens. It can go faster as a [7200 TPS test with 122 validators has shown](https://cryptoslate.com/matic-testnet-just-powered-ethereum-eth-to-7200-tps-dapps-next/), but Polygon decided to keep the limit at 30M gas per block to combat spam and storage bloat. > * **Fast Block Times**: It has very-fast [2-second average block times](https://polygonscan.com/chart/blocktime). Though due to its finality being probabilistic and high chance of reorgs, you would want to wait ~32 blocks or 1 minute before assuming finality. > > **Lower Fees than L2** > > * Fees are extremely cheap, so much that [validators have been colluding to set the priority fee at 30 Gwei](https://cryptoslate.com/polygon-matic-to-raise-gas-fee-to-30-gwei-to-prevent-spam-transactions/) to combat spam ever since [Polygon co-founder Sandeep's recommendation for it in Oct 2021](https://forum.polygon.technology/t/recommended-min-gas-price-setting/7604). > * Even with the artificially-inflated fees, Polygon transfer fees still only cost $0.001 while competing L2 rollup transfer fees are usually 10x to 100x more expensive in the [$0.02 to $0.20 range](https://l2fees.info/). > * A lot of games like Decentraland and The Sandbox moved to Polygon because they are able to airdrop NFTs to thousands of players at negligible costs. > > ####**Benefits from a synergistic relationship with Ethereum** > > There is a lot of overlap between the Ethereum and Polygon communities, and they both benefit from it. > > While Polygon is technically a sidechain, it helps offload a lot of traffic off Ethereum L1 and thus helps scale it. Thus, it's filling in the same role as an L2. > > * Polygon copies a lot of Ethereum's code and updates. For example, Polygon's London update for EIP-1559 is copied from Ethereum's London update. > * Nearly any wallet that works for Ethereum also works for Polygon. > * Polygon and Ethereum both use EVM for smart contracts, so it's easy for Ethereum's large number of devs to work on Polygon. Their blockchain explorers are also almost identical, so it's easy to audit transactions between them. > * Polygon's Bor block producer layer runs a version of Geth (the Go implementation of Ethereum), so they share similar consensus clients. > * Polygon generates hundreds of thousands of dollars of transactions fees for Ethereum through [MATIC Token transfers](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0), [PoS Bridge transfers](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77), and their [Root Chain Proxy](https://etherscan.io/address/0x86e4dc95c7fbdbf52e33d563bbdb00823894c287) checkpoints every 30-45 minutes. > * Ethereum provides security for Polygon PoS through [their checkpoints](https://wiki.polygon.technology/docs/pos/heimdall/checkpoint/), which are necessary as Polygon bridge proofs. MATIC tokens are also [staked on the Ethereum network](https://wiki.polygon.technology/docs/faq/staking-faq/). > > ####**High TVL and app support** > > * **Top 10**: Polygon's TVL has declined greatly in the bear market [to $1.2B](https://defillama.com/chains), but it's still enough to hang onto its Top 10 spot. Its market cap is also still in the [top 10 at $10B](https://www.coingecko.com/en/coins/polygon). > * **Many dApps** like OpenSea, AAVE, Curve, and Uniswap support Polygon. **Reddit's Collectible Avatars** launched on Polygon PoS, which gave it a lot of social media publicity. > * **CEX support**: Most of the largest CEXs like Binance, Coinbase, and Kraken now support the Polygon network for withdrawals. > * **Metaverse**: The 2 largest metaverse games, Decentraland and The Sandbox uses Polygon for their player item NFTs. > > ####**Upcoming Polygon zkEVM** > > The whole Ethereum community is very excited for zkEVMs. > > Polygon was the first to launch a [public zkEVM testnet](https://polygon.technology/blog/polygon-zkevm-public-testnet-the-next-chapter-for-ethereum) in Oct 2022. They already have a [mainnet launch date of March 27, 2023](https://polygon.technology/blog/to-ethereum-with-love-announcing-polygon-zkevm-mainnet-beta-on-march-27th), and everyone is looking forward to it. > > #####**Nakamoto Coefficient is increasing** > > Polygon has a [limit of 100 validators](https://wiki.polygon.technology/docs/maintain/validate/validator-responsibilities/). While this is still quite low, it actually has a bigger Nakamoto Coefficient than both Bitcoin and Ethereum. The more important thing is that it's increasing. Only several months ago, it only took 5 validators to reach 50% stake of the network. Now it has increased to [7 staking validators](https://polygonscan.com/stat/miner?range=14&blocktype=blocks) of MATIC. You can track the identities of the validators, and they all seem to be distinct organizations. > > This is partially thanks to how its [staking website](https://staking.polygon.technology/validators) encourages delegates to stake with smaller validators. Validators with large stakes are hidden on the website while only the smaller ones are shown. There is also a message at the top saying: "To distribute power on the network, please delegate to other top performing validators." > > ####**Great user experience** > > I personally complain a lot about Polygon's centralization and lack of transparency. But I still use Polygon PoS more than any other network. > > Ultimately what matters to me is that it is fast, cheap, has a huge amount of dApps, has good CEX adoption, and has a great blockchain explorer. And those combined lead to a great user experience. > > For new users who don't have MATIC gas tokens, there is a [Polygon Wallet Suite](https://wallet.polygon.technology/polygon/gas-swap) where you can use meta transactions to convert bridged ETH to MATIC without first needing MATIC. > > ####**Long-term Economic Sustainability** > > - The MATIC token is used for staking, and those rewards come from both a token pool and from transaction fee. The [1.2B token pool allocated to Validator Rewards is expected to run out in 2023](https://docs.polygon.technology/docs/maintain/validator/rewards/), after which there will be no more supply inflation. Fifth year validator rewards from the 12% pre-allocated supply will total $150M. After the 5th year, validators are meant to survive on transaction fees alone. > - Currently, [transaction Fees generate $70M annually, with $40M of it burned](https://tokenterminal.com/terminal/projects/polygon). This equates to $300K per validator annually. That's more than enough to run a validator annually. So besides Ethereum, this is one of the few networks with an economically-sustainable security model without inflation. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

#Chainlink Con-Arguments Below is a Chainlink con-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

AVAX up 205% on the 3 month chart LINK 42 AAVE 5 ADA 58 Take a long hard look at your alts folks if they aren't performing like AVAX has then you might have picked a loser. It's not too late to ditch a sinking boat and get on to a winning coin, and if this realization makes you feel some type of way then you really need to reevaluate BULLS WIN AVAX TO 80

Hey guys, I want to get a hardware wallet. How does this work with my metamask assets? Am I able to simply import the entire existing wallet to my hardware wallet? I understand that you can connect hardware wallets to metamask but I get the impression that the assets need to be on the hardware wallet for that to work. Am I mistaken? I currently have my assets tied up in AAVE using leverage and I wouldn’t want to deleverage and go through a bunch of transactions in order to move them around.

Mentions:#AAVE

Imo, Pendle has a real chance to reach a $3B marketcap this cycle since it is a first mover for what it provides like AAVE and LINK.

Mentions:#AAVE#LINK

#Polygon Pro-Arguments Below is a Polygon pro-argument written by a deleted user. > ####**High Efficiency** > > **Very Fast network** > > The main benefit of using the Polygon PoS network is that it's an Ethereum scaling solution that provides much faster and cheaper transactions. > > * **High Throughput**: Current throughput is 350 TPS for 21k gas transfers and ~150 for ERC-20 tokens. It can go faster as a [7200 TPS test with 122 validators has shown](https://cryptoslate.com/matic-testnet-just-powered-ethereum-eth-to-7200-tps-dapps-next/), but Polygon decided to keep the limit at 30M gas per block to combat spam and storage bloat. > * **Fast Block Times**: It has very-fast [2-second average block times](https://polygonscan.com/chart/blocktime). Though due to its finality being probabilistic and high chance of reorgs, you would want to wait ~32 blocks or 1 minute before assuming finality. > > **Lower Fees than L2** > > * Fees are extremely cheap, so much that [validators have been colluding to set the priority fee at 30 Gwei](https://cryptoslate.com/polygon-matic-to-raise-gas-fee-to-30-gwei-to-prevent-spam-transactions/) to combat spam ever since [Polygon co-founder Sandeep's recommendation for it in Oct 2021](https://forum.polygon.technology/t/recommended-min-gas-price-setting/7604). > * Even with the artificially-inflated fees, Polygon transfer fees still only cost $0.001 while competing L2 rollup transfer fees are usually 10x to 100x more expensive in the [$0.02 to $0.20 range](https://l2fees.info/). > * A lot of games like Decentraland and The Sandbox moved to Polygon because they are able to airdrop NFTs to thousands of players at negligible costs. > > ####**Benefits from a synergistic relationship with Ethereum** > > There is a lot of overlap between the Ethereum and Polygon communities, and they both benefit from it. > > While Polygon is technically a sidechain, it helps offload a lot of traffic off Ethereum L1 and thus helps scale it. Thus, it's filling in the same role as an L2. > > * Polygon copies a lot of Ethereum's code and updates. For example, Polygon's London update for EIP-1559 is copied from Ethereum's London update. > * Nearly any wallet that works for Ethereum also works for Polygon. > * Polygon and Ethereum both use EVM for smart contracts, so it's easy for Ethereum's large number of devs to work on Polygon. Their blockchain explorers are also almost identical, so it's easy to audit transactions between them. > * Polygon's Bor block producer layer runs a version of Geth (the Go implementation of Ethereum), so they share similar consensus clients. > * Polygon generates hundreds of thousands of dollars of transactions fees for Ethereum through [MATIC Token transfers](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0), [PoS Bridge transfers](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77), and their [Root Chain Proxy](https://etherscan.io/address/0x86e4dc95c7fbdbf52e33d563bbdb00823894c287) checkpoints every 30-45 minutes. > * Ethereum provides security for Polygon PoS through [their checkpoints](https://wiki.polygon.technology/docs/pos/heimdall/checkpoint/), which are necessary as Polygon bridge proofs. MATIC tokens are also [staked on the Ethereum network](https://wiki.polygon.technology/docs/faq/staking-faq/). > > ####**High TVL and app support** > > * **Top 10**: Polygon's TVL has declined greatly in the bear market [to $1.2B](https://defillama.com/chains), but it's still enough to hang onto its Top 10 spot. Its market cap is also still in the [top 10 at $10B](https://www.coingecko.com/en/coins/polygon). > * **Many dApps** like OpenSea, AAVE, Curve, and Uniswap support Polygon. **Reddit's Collectible Avatars** launched on Polygon PoS, which gave it a lot of social media publicity. > * **CEX support**: Most of the largest CEXs like Binance, Coinbase, and Kraken now support the Polygon network for withdrawals. > * **Metaverse**: The 2 largest metaverse games, Decentraland and The Sandbox uses Polygon for their player item NFTs. > > ####**Upcoming Polygon zkEVM** > > The whole Ethereum community is very excited for zkEVMs. > > Polygon was the first to launch a [public zkEVM testnet](https://polygon.technology/blog/polygon-zkevm-public-testnet-the-next-chapter-for-ethereum) in Oct 2022. They already have a [mainnet launch date of March 27, 2023](https://polygon.technology/blog/to-ethereum-with-love-announcing-polygon-zkevm-mainnet-beta-on-march-27th), and everyone is looking forward to it. > > #####**Nakamoto Coefficient is increasing** > > Polygon has a [limit of 100 validators](https://wiki.polygon.technology/docs/maintain/validate/validator-responsibilities/). While this is still quite low, it actually has a bigger Nakamoto Coefficient than both Bitcoin and Ethereum. The more important thing is that it's increasing. Only several months ago, it only took 5 validators to reach 50% stake of the network. Now it has increased to [7 staking validators](https://polygonscan.com/stat/miner?range=14&blocktype=blocks) of MATIC. You can track the identities of the validators, and they all seem to be distinct organizations. > > This is partially thanks to how its [staking website](https://staking.polygon.technology/validators) encourages delegates to stake with smaller validators. Validators with large stakes are hidden on the website while only the smaller ones are shown. There is also a message at the top saying: "To distribute power on the network, please delegate to other top performing validators." > > ####**Great user experience** > > I personally complain a lot about Polygon's centralization and lack of transparency. But I still use Polygon PoS more than any other network. > > Ultimately what matters to me is that it is fast, cheap, has a huge amount of dApps, has good CEX adoption, and has a great blockchain explorer. And those combined lead to a great user experience. > > For new users who don't have MATIC gas tokens, there is a [Polygon Wallet Suite](https://wallet.polygon.technology/polygon/gas-swap) where you can use meta transactions to convert bridged ETH to MATIC without first needing MATIC. > > ####**Long-term Economic Sustainability** > > - The MATIC token is used for staking, and those rewards come from both a token pool and from transaction fee. The [1.2B token pool allocated to Validator Rewards is expected to run out in 2023](https://docs.polygon.technology/docs/maintain/validator/rewards/), after which there will be no more supply inflation. Fifth year validator rewards from the 12% pre-allocated supply will total $150M. After the 5th year, validators are meant to survive on transaction fees alone. > - Currently, [transaction Fees generate $70M annually, with $40M of it burned](https://tokenterminal.com/terminal/projects/polygon). This equates to $300K per validator annually. That's more than enough to run a validator annually. So besides Ethereum, this is one of the few networks with an economically-sustainable security model without inflation. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

Wondering weather koinily can resolve mt gox coins losses against AAVE manual long trades including APY…

Mentions:#AAVE

Planning on stopping my buys into AAVE once I reach 10 coins Been dcaing into it weekly since 2022. What do you think? Is this a long term investment? Is 10 enough?

Mentions:#AAVE

I've been getting downvoted below the threshold trying to tell you all to look into PENDLE which for me is a clear up and coming blue chip like AAVE or LINK. Here is an [overview](https://np.reddit.com/r/ethfinance/comments/1abbg8a/daily_general_discussion_january_26_2024/kjn7k78/) someone posted this morning in eth finance for why PENDLE is crushing it. For those of you getting caught up PENDLE is up: * +50% since two weeks ago * +100% since Jan. 1, 2024 * +2700% since Jan 2023 You owe it to yourself to find an alt that is almost assuredly going to be a winner this cycle and is still way undervalued.

$PENDLE up: * +23% since yesterday, * +100% since Jan. 1, 2024 * +2700% since Jan 2023 This thing is gonna be as big as AAVE or UNISWAP this run.

Mentions:#PENDLE#AAVE

"nobody uses it" I would go take a look at the ever-developing DeFi ecosystem. start simple with AAVE and Curve.

Mentions:#AAVE

Your point about TIA is exactly where my head is with it, and I haven’t bought any in a while. But it has continued to be active with airdrops and has continued to power through a number of dips now. I’m definitely impressed with it and if it were to drop a bunch more I’d be tempted to jump in. Thanks for your side on it. I like Metis for the reasons you mentioned and I’d have to research it over again to go over more details, but I’ve been watching it early on and it has proven to perform well for a long while now. It appears to be a popular DAO to build on. Vitaliks mother is involved with Metis. We still haven’t even seen Ethereum truly wake up. It’s still sitting at an admirable volume to perform well. It’s a bit due for a dip as well, although could argue that it did dip nicely not long ago and may crab for awhile. They recently paired with Bitget wallet. They’re active with updates and announcements. Just a nice project overall. I don’t know a lot about API3 either but it is performing well with other oracles like LINK. It seems like it’s just started waking up and I’ve been starting to familiarize myself with it more. On another note, Also worth checking out Ribbon Protocol. It powered through all this dumpy movement like a champion and had some very steady price movement. I been very tempted to grab some. It goes up roughly 10% every couple days. It seems kind of similar to AAVE if I’m reading it right. The project well incentivizes its users with risk adjusted derivative trading - it’s unique for this and the positive price movement suggests that they are delivering on their promises.

This happened to me back in 2021. Found $200K that I thought I had sold back when the market was in the toilet. ETHLEND (now AAVE) was the token. Just pure luck that I found the seed in an obscure place and checked the wallet on a whim that there might be a couple hundred dollars in there

Mentions:#AAVE

AAVE stole all my ONE.

Mentions:#AAVE#ONE

GRT is just one of some others. I have 12 different coins, mainly in the game and AI sector. I guess especially AI coins will outperform the coming bull market. A lot of people say look for new narratives each bull run and go with it. AI could be this narrative. Also, I am doing chart analysis with stocks since 10 years. So it is very important for me to look for nice C:R opportunities. Since there was already a first leg going up, the risk is kind of very high with all altcoins. But especially for GRT or AAVE I have identified good SL opportunities.

Mentions:#GRT#AAVE

What do we think about AAVE?

Mentions:#AAVE

I think this is what I'll do, I move everything out, but LDO and AAVE, once I get to 4 digits, I'll transfer than out too tnx

Mentions:#LDO#AAVE

Honestly, both tokens are native ethereum tokens. There’s no better chain to hold it on then ethereum. Do not withdraw your AAVE to BSC (BEP20), that’s as good as not withdrawing from binance at all. The AAVE token on BSC is backed by binance (“binance pegged” if you will).

Mentions:#AAVE

Honestly, it may be better to hold them on Binance unless you have more than 4 figure dollar amounts of each token. I wouldn't normally advise this because "Not your keys, not your coins", but AAVE in particular is a very gas heavy token, which means simple transfers can be much more expensive than a USDT or USDC transfer, and for the same reason DEX swaps can be prohibitively expensive. It's also usually better to avoid withdrawing to non-native token standards like BEP20, as projects often discontinue support for non ERC20 tokens so unless you constantly stay up to date with the project you can find yourself with a worthless BEP20 that can't be bridged back to ERC20.

The exchange is not doing anything other than facilitating the trading of assets. People with a lot of money for sure will used their money to move the markets and create favorable conditions for their derivatives positions. Like how CRV was very heavily shorted in money markets like AAVE while DYDX perp contracts were also massively biased short. People will open short positions and then use their on chain funds to drop the price of those assets to make their shorts print. Then close the short for profit and buy back the assets they dumped on chain to bring the price back up.

I won't short any defi token right now, not until the peak of the bull market. UNI, AAVE, DAFI, and even CEX alternatives like BNB, KCS, & CRO all on the list for me. Wagmi.

I like following interest rates. sUSD on [AAVE Optimism](https://app.aave.com/?marketName=proto_optimism_v3) jumped up to 30% variable APY. Probably not for long.

Mentions:#AAVE

What will be the best DeFi protocols to invest BTC. If people find that they have value that can be farmed rather than cashed, what BTC friendly projects will get the most attention? Will we see MKR or AAVE on a post BTC rally or something like BIFI, etc?

tldr; The Week in Solana News from December 24-30, 2023, highlights a quiet week with few announcements as teams prepare for the new year. Key metrics include a Total Value Locked (TVL) of $1.4B, a stablecoin supply of approximately $1.8B, daily fees around $400,000, and daily revenue about $200,000. The network saw roughly 30 million non-vote transactions, 800,000 active addresses, and 400,000 new addresses daily. Notable updates include Marinade Finance's higher staking rewards, Squads' year in review, SolBlaze.org's airdrop information, and Injective's IBC-compliant SVM. Other updates include AAVE V3's potential deployment to Neon EVM, Jupiter's DEX updates, Kamino Finance's teaser for the new year, and Thunder's MEV protected swaps with reduced fees. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

#Chainlink Pro-Arguments Below is a Chainlink pro-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

I never let go of my AAVE since 2021. I’ve always liked following its price action- like CTSI. Always hear good things about AAVE whenever it is spoken of. Some of these ETH tokens just feel like sleeping giants with spasmodic shock.

My AAVE baby is moving up! Anyone else hold any? I feel it never gets talked about.

Mentions:#AAVE

#Chainlink Pro-Arguments Below is a Chainlink pro-argument written by etj103007. > **What is Chainlink?** > > *Disclaimer: I have interacted with smart contracts using Chainlink, though I don’t hold any of the token itself.* > > Chainlink is an oracle network, allowing smart contracts to receive (and send) external information. In short, it allows the blockchain to interact with the outside world. > > It is supported on many different blockchains, including the Ethereum Mainnet, its L2s, and sidechains such as Polygon. > > However, the Chainlink network itself is not a blockchain. Instead, it calls itself “blockchain-agnostic” meaning it can theoretically be used on any chain that wants to support it. > > Say you want send 10$ of a coin or token to a certain address every day. Well, if it was a stablecoin, it’d be pretty easy. But maybe it’s Ethereum, or WBTC, or some other token that fluctuates in price. As such, the amount of said token/coin worth 10$ always changes. Using Chainlink, you can avail the price of that token/coin, and be able to calculate the exact amount to send so that it equals 10$. There are many other situations just like this that the Chainlink network is used for. > > The Chainlink token serves a niche; it is used to pay the node operators for the data they deliver. Recently, LINK staking has launched with the advent of Chainlink Staking v0.1. This allows operators and users to stake their LINK to secure the network. > > Chainlink is used as an oracle by various DeFi protocols like AAVE, dYdX, Synthetix, by various NFT projects such as those created by the NBA, even decentralized insurance (Etherisc) and more. ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)) > > # Pros of Chainlink (LINK) > > **1. Chainlink is secure, scalable, and reliable.** > > The nature of being a Chainlink node operator maintains these 3 qualities. Node operators are required to follow a set of guidelines for their nodes to ensure security. For example, nodes have to have backups for the nodes connecting to their data sources, snapshots of the chain for syncing, Ethereum to pay for gas, and more. > > Being decentralized and relying on the blockchain to secure the data feed transactions pretty much guarantees its security as well. > > Node operators also do their best to optimize the performance of their nodes and have also released multiple developments to increase scalability, such as the Off-Chain Reporting upgrade which has reduced operating costs by 90% ([https://blog.chain.link/off-chain-reporting-live-on-mainnet/](https://blog.chain.link/off-chain-reporting-live-on-mainnet/)) > > As said before, Chainlink (being based on smart contracts) can theoretically be used on any blockchain that wishes to adopt it. And with the use cases mentioned above ([https://blog.chain.link/smart-contract-use-cases/](https://blog.chain.link/smart-contract-use-cases/)), the only thing it needs is developers willing to adopt it into their respective blockchains. > > The Chainlink network also prides itself on its reliability. Being serviced by independent and reputable node operators such as Infura, Swisscom (telecom company), Huobi, Binance, and others, it relies on this network of operators to source the data needed onchain. As node operators need to stake their tokens as collateral, it also challenges them to offer good performance. > > For example, Chainlink held an “oracle Olympics” challenging operators to keep their uptime at 100% while undergoing several challenges. While 100% is impossible, the winners guaranteed 99.99%, ensuring that their nodes would be available for that amount of time while still surviving thru challenges. > > **2. Chainlink’s recently launched Chainlink Staking v.0.1 allows users to stake their tokens while securing the networks' nodes.** > > While currently only supporting the ETH/USD data feed on mainnet Ethereum, other data feeds will soon be supported. Meanwhile, Staking 0.2 is planned in 9-12 months and is expected to bring updates and developments to staking, and also allow withdrawals of currently staked LINK. > > Just like traditional staking, this version allows users to secure the network; unlike POS blockchains, Chainlink doesn’t run on a blockchain so stakers secure by raising alerts (if the oracle doesn’t report an update in 3 hours, for example). If the alerts are valid, they can earn LINK, improving the security of the network by penalizing unresponsive nodes. > > Reputation systems for nodes have also been developed, ensuring that nodes maintain their good performance and continue providing correct oracle prices. > > These two systems combined ensure every node performs well and allow users in the ecosystem to earn rewards while securing the network. > > **In conclusion:** > > Chainlink Network and its token will continue its developments in the next years as the demand for oracles increases across the crypto space. Its' progress in its tokenomics with the start of staking while simultaneously ensuring the performance of its nodes will be welcomed by users of the network. And as more and more chains support Chainlink, it won't be long until it'll be found everywhere in DeFi and other sectors. > > TLDR: LINK and its network is used in many sectors of crypto, is secure, scalable, and reliable, while its' tokenomics continue to progress. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Chainlink) to find submissions for other topics.

Some people say that gaming and DeFi is going to result in big gains in a few years. It’s not my opinion, just heard it. For gaming coins there are IMX and ILV. For DeFi you can go with AAVE, UNI and CAKE. This is not a full list. Please do your own research.

I would only trust AAVE over a Defi start up. Give me the longer more proven option

Mentions:#AAVE

I'm not a maxi. In fact I have ETH, DOT, ROSE, NEAR and much more in my wallet right now. In the past years tens of alts, and even meme or shitcoins. Then why I sound like a btc maxi? Well, I have been in the crypto hole for 10 years, and at first I did not believe too much in bitcoin, I thought the alts were more modern and ultimately better and of course having less time in the market had more projection to rise. Then there was a series of events, alt coins that you buy because you really believe in the project and end up being a scam. Exchanges that close overnight without allowing you to withdraw your funds. People who believe in bitcoin from day one but realize that they cannot control the issuance of currency and set up their own blockchain. Alts that only came out to finance a company that takes advantage of those who bought their token. Pump, and dump. Projects that don't work due to technical problems. Long network downtime. Bad CEO decisions. As conclusion realized that in the best case scenario most of them are taking advantage of an open source project for their own profit without contributing anything. Of course there are also very good projects, one of the most profitable for me was LEND, I believed in it since the beginning. Later it was renamed AAVE. I seem to remember that when I sold I had made 6000%. So, among all the scams and failed projects there are some gems, with a solid business plan and well carried out. Then I read a book that made me start to realize: "Inventing Bitcoin: The Technology Behind the First Truly Scarce and Decentralized Money Explained" I seem to remember that it is free in epub format? I recommend it to everyone, although it only deals with the more technical aspects. And what did I learn in this short book? Well, I realized that all these problems are already foreseen and solved in the Bitcoin white paper. But how? If that was the first cryptocurrency? Its network has never crashed, nor downtime, but furthermore no one can take the decision to turn it off. There is no CEO who can make a bad decision there is a community who vote this decisions. The issuance of currency is not controlled by any company or central bank. There is no exchange because it is P2P, and therefore no one can close my wallet or exchange. And a lot more that are not worth mentioning now, but there is one thing that is much more shocking and that this book does not talk about. I realized that the price of all crypto follow the four year halvings cycle, so btc price marks when to go up and when to go down? Why if they are really so good projects and so useful can't go up when btc goes down? Just explaining why I sound like a maxi, and really recommend you all to read this book and don't follow any youtuber or social network car sellers.

r/CryptoCurrencySee Comment

I assume he means using the POS chain. I agree works very well and hold my assets there in AAVE

Mentions:#AAVE
r/CryptoCurrencySee Comment

idk I am buying DOT and AAVE. Particulary AAVE is at 1/6 of ath and seen some movement lately, so I am hoping that it will do at least a x3 or x4 when the bull starts but idk shit about fuck honestly

Mentions:#DOT#AAVE
r/BitcoinSee Comment

You can convert to WBTC and deposit to Compound or AAVE

Mentions:#WBTC#AAVE
r/CryptoCurrencySee Comment

[AAVE Optimism USDT](https://app.aave.com/reserve-overview/?underlyingAsset=0x94b008aa00579c1307b0ef2c499ad98a8ce58e58&marketName=proto_optimism_v3) is at 97.48% utilization for some reason, making supplier interest rates go up to >60%.

Mentions:#AAVE#USDT
r/BitcoinSee Comment

What about AAVE? But you have to swap for WBTC tho

Mentions:#AAVE#WBTC
r/CryptoCurrencySee Comment

I did the same thing around early November when I was trying to decide between AVAX at 10 and LINK AAVE. Then it got to 20 and my AAVE went up 20% from like 88 when I got it to a high of 107 but then back down and then just small oscillations, look at it now its still at 100. I got rid of it and went all