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$FXX | xfiles is the new generation online freelancing crypto currency project
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1 - Bitcoin 2 - SOL 3 - JUP Bitcoin cause it's obvious. Solana is my preferred coin, and JUP because I love what they are creating rn. I am especially interested in the SUSD stablecoin that they are developing rn.
I have random SUSD dropped to me on Polygon but no liquidity so they are just stuck there, also dropped also dropped Kshield on Trust Wallet , and then I have Moondust and Moons on Coinbase
Saw a "SUSD" coin/token on Atomic wallet today and thought to myself that's kinda sus..
I had weighted more towards USDT at the end of last year, but I always hold a mixed portfolio of stables with an eye on correlation risk. I also hold DAI, SUSD and LUSD. And some USD on an exchange. It’s not about trust per se for me, it’s about managing risk. I’ll let the dust settle on this for a few weeks and recalibrate. I may balance a bit more back towards USDC.
You forgot the two most interesting decentralized stables LUSD and SUSD, both of which held their peg to above 98cents.
Over collateralized, unable to be frozen by centralized figures, and high liquidity cross chain. so MIM, MAI, SUSD, LUSD
SUSD = Starbucks USD coming to a CEX near you
100% of my stablecoin deposits are in USDC, thinking of splitting into USDT/BUSD/FRAX/SUSD/USDC/DAI
Good luck getting 5% on stables after Luna's collapse. Those are 2020 rates, not 2022. Of course, you can get like 12% (but pools have40k liquidity) on Kyber on Arbitrum but Kyber isn't exactly the most trustworthy veteran of defi summer. 2.6% on DAI-USDC-USDT-SUSD at Curve is as good as it can get. Unless you're into single-side liquidity on Uniswap, but they used crypto.com so it's safe to assume they have no idea about web3 usage.
SUSD and ETH for sports betting, GMX and GLP for yield, VST for leveraging GLP, and VSTA for governance.
**Staking** means putting your coins 'at stake' to secure a network. For example, when you stake ether (ETH) the validator that they are included in is attesting (checking and voting) for or against the validity of blocks, and occasionally producing it's own block. This is a valuable service and so there is a small reward in the form of issuance, and you also get to keep a small amount of the transaction fees in any block your validator creates, this is where the interest you earn through staking comes from. However, if your validator misbehaves, for example voting on multiple blocks simultaneously, voting to include an invalid block or whatever, then the assets that you have put at stake can be slashed, meaning a bit of it is destroyed, this can be very severe if you are acting against the interests of the chain and is a security feature to ensure honest behaviour. You can also lose (at a much lower rate) if your validator just stops participating, if you miss attestations etc then your stake is fined at the same rate that you would have been gaining interest. **Lending** on the other hand works much like traditional banking. You give your assets to a third party and they do something with them in return for whatever interest they pay out. For DeFi applications like AAVE it's very clear where the interest comes from, other people borrowing the assets, with their collateral covering any failed repayments. For centralized platforms like Celsius, Nexo, Hodlnaut etc the source of interest is hidden away. It might be that they operate as a Ponzi (with new investors paying being the source of income for those already lending), it might be that they are doing really risky DeFi stuff (Celsius collapsed largely because they were investing customers' funds in the Anchor/Terra/Luna/UST idiocy) but the important thing is you as a user don't know and have no way to find out. The third main source of interest is **Liquidity Pools**. This usually refers to providing assets to a decentralized exchange (like UniSwap or Curve) which are then used to facilitate people swapping tokens, with you receiving a portion of the fee they pay to make the exchange. This can be pretty safe if you pick assets that are more or less pegged together (so USDC and DAI or SUSD or whatever other US$ stablecoin) but then tends to offer lower rewards. Or it can be more lucrative if you choose assets that vary in price against one another, however it then carries the risk of impermanent loss (meaning you'll always end up with less of the token that's doing better... e.g. in a USDC / ETH pool, if lots of people start buying ether and the price goes up, you're share of the pool will end up being more USDC than ETH... so you have to evaluate whether the fees you earn from all of those trades will be more than the impermanent loss you suffered Vs just holding the ether and not bothering to do anything with it! These are just the 3 most common ways to earn interest in crypto. There are lots of others, such as Cardano's Delegated Staking, where your assets never leave your wallet and are just used to signal which actual staker you think should make the blocks; or you could look at selling options on platforms like OPYN and Lyra, where you're earning interest by enabling other users to bet on future market performance; or you can provide liquidity to perpetuals markets like dYdX... there are a crazy variety of methods available to you, but all come with risks. If you can't see what the risk is then it might be inflation devaluing the asset you're expected to hold. My top advice would be to never put your money into something unless you can understand and explain to someone else exactly where your expected interest is coming from. Stick with that rule and you'll easily avoid stuff like Anchor, Celsius and lots of the other traps in crypto.
Look at the volume for RAI, SUSD, and LUSD since USDC announced the frozen tokens... threw the roof. You don't have to believe me you can literally just look on-chain and see people dumping hundreds of millions in USDC for decentralized stables. Today is a wake-up call for every protocol using USDC or USDT as collateral and many will start to phase them out just to be safe.
I'm really thinking about finding some stablecoin pools I can join. I see on Osmosislabs UST/EEUR has 10% and on Secretswap has a USDC/SUSD pool with 9% and no lock up period. Both seem very tempting right now
I've been with it since day 1 and don't regret it one bit. I get rewards every week and have experienced a 700% pump after the release. The team delivers every day and showers us with announcements. How can you join? Go to www.walkwithstep.io and download the app from the AppStore or PlayStore. You track your steps with Apple Health or Google Fit and your steps are automatically transferred to the Step app. Every Monday you get rewards in BNB and to get them you can either buy 20k Step Tokens ($30) or just download the apps and earn the 20k tokens through the rewards. Today a new Stable Coin ( SUSD ) was launched and in the next weeks the rewards will be switched to it.
I've been with it since day 1 and don't regret it one bit. I get rewards every week and have experienced a 700% pump after the release. The team delivers every day and showers us with announcements. How can you join? Go to www.walkwithstep.io and download the app from the AppStore or PlayStore. You track your steps with Apple Health or Google Fit and your steps are automatically transferred to the Step app. Every Monday you get rewards in BNB and to get them you can either buy 20k Step Tokens ($30) or just download the apps and earn the 20k tokens through the rewards. Today a new Stable Coin ( SUSD ) was launched and in the next weeks the rewards will be switched to it. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP. BUY THE DIP.
Moving from USDT to another centralized stable like USDC or BUSD don’t help anyone. UST, MIM, FRAX, SUSD, RAI, DOLA…there are so many good decentralized stables now. USDC is the same custodial garbage.
Is anyone staking SUSD on Crypto.com DeFi for 48.27%?
SUSD is up by 0,20%, that's pretty sus for a stable coin.
Good post my dude. SUSD is kinda sus though
USDC and BUSD are both custodial so I avoid them where I can. DAI is at least collateralized on-chain - problem is that it’s partially backed by custodial coins like USDT and USDC. The only stables that I’ll actually hold for any extended period are the ones that are collateralized on-chain by non-custodial assets. Stuff like UST, SUSD and MIM.
It's because its name SUSD and has sus in the name
If they "rugged" why wouldn't they have rugged the SETH contact and the SUSD contact as well? Fortunately I only lost $88. I thought it was sus at first but today after seeing all of the developments I do believe they were hacked via flash loan.
There is no sbtc yet. Will be released soon. Only sbnb, setc, and SUSD
I would presume so. Almost 0 IL risk, and you'll net some % return on your $ at work. Think USDC, USDT, DAI, TUSD, SUSD or any combination of those two. If you really want security, there is a Curve pool for staking that allows 4 stablecoins at once (spreading the risk 25% each way)
Wrapped eth when you sell Seth. Smart chain when you sell sbnb. Busd when you sell SUSD
SUSD is good as well. It just goes up and is not tied to BNB
Wow. I got SBNB …SUSD now I need SBTC
DAI, UST, GUSD, BUSD, SUSD, TUSD. I think you can use all of those on AAVE.
Yeah but what about all the completely decentralized stables (UST, SUSD, etc…)? How would a government even go about regulating a smart smart contract deployed by a DAO? I’ll personally use UST or SUSD all day, but would never touch centralized stable like Tether, BUSD, TUSD or USDC.
You gotta do more reading mate! There's GUSD, TUSD, BUSD, USDC, SUSD, Dai, and probably a ton of others all with their own parent companies and levels of risk.
Lmao. Try not to buy it with SUSD 😳
Yes, yesterday was 40 now is 30, is is not stable. Any way I have checked and I see the pair SUSD/USDT and SUSD/BTC on binance!
I would guess it comes down to trust mostly, but interested to see what those with more knowledge can tell you. You can get 32% on SUSD ( built on Synthetic) on AAVE. Not sure if the associated risks though
They can freeze tokens like BUSD, USDC, Tether, & Gemini Dollars because they’re custodial. They can’t do that with tokens like DAI, UST, & SUSD because they’re completely decentralized and nobody has the power to alter the contracts. In order to freeze DAI, for example, Maker DAO holders would have to propose and pass a vote to freeze the funds and that would never happen. Not all stables are created equal.
Freeze transactions? How would the US government stop you from minting DAI, SUSD, or UST from a private wallet? These are all contracts written by decentralized autonomous organizations and they’re immutable. Even if Uncle Sam really went after custodial stables like Tether or USDC people would just use something else. The government could outlaw DAI but they can’t freeze transactions in private wallets or stop anyone from using it.
Binance uses BUSD, theres also SUSD USDC and a buncha others know as stable coins.
I would use USDC, TUSD, SUSD, BUSD, DAI, or any other stable coin provided the transaction fee was cheap enough.
You can oppose the ethics of BSC but it is superior technologically to Ethereum there is no debate. It is faster, it is cheaper and has more throughput as well as interoperability. "bUt dEcEnTrALiZd" is a joke when you acknowledge that Binance and Kraken are the largest ETH 2.0 vaidators. Centralization what? BSC is growing not only their ecosystem but the Cosmos ecosystem. SecretSwap supports the major ERC20 and has growing liquidity. Like BSC it is built with the same tech stack but with added privacy through secure enclaves. Faster than Uniswap, cheaper to use and fully private. Ontology has support for ETH, DAI, USDC,SUSD, SUSHI, ETH, renBTC and even NEO for DeFi with WING. The native DEX is great except when you are waiting on the Ethereum side. They don't have spotlight because maxis don't like alternatives. But all of these options are an improvement of what Ethereum does.