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Dear family, we have a big announcement to make
DeFi Strategy Evaluation - What Can Go Wrong?
Now on MAXIMIZER!! Mint MAXI with MAXI-WAVAX PGL!
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Thank you, so you are using aerodrome with advanced coins, I'm not there yet. What do you think of Extrafi that has 2 USDC lending that are more attractive than the one on Aave (4.18% + 1.74% WAVAX): 8.6% + 1.24%OP token on OP chain 10.27% + 0.22% Extra token on Base chain Is there a catch ? Why are the rates so much better than on Aave ?
I've used Sushi Swap mainly and some Uniswap. Synapse Protocol is also good and supports many chains. Here is a link on the Wrapped Ether: [What is Wrapped Ether (WETH) | ethereum.org](https://ethereum.org/en/wrapped-eth/) On AAVE I am lending USDC on AVAX. So my interest is paid in AUSDC and my rewards are paid in WAVAX which I have to claim whenever I want. This WAVAX is a wrapped version of AVAX that I can swap to AVAX if I want or I can go swap that to USDC and lend even more. Compound is similar you get CUSDC and then get COMP as your reward/bonus. One thing I can't stress enough is to pay attention to what network your on at all times. Both AAVE and COMP are very good about making you switch to the correct network but just always double check. You send it on a wrong network to a wallet and funds can go missing.
I'm lending on AAVE, Compound and currently researching Notional. I had everything on AAVE once and their % tanked for a bit while others seemed to go up. I spread mine around several chains on those 3 defi platforms. When one goes down others tend to go up. Also, on Compound you get some COMP and on AAVE/AVAX you get some WAVAX you can swap out to more USDC on a DEX if you get a little pump. As far as liquidity pools, I would start out with just a stable coin pair and do a small amount to get the gist of how it all works. A USDT/USDC pair won't get you much but it's a safe way to see how everything works. Also what nice is most places you can only do it for a few bucks. Uniswap seems to be the easiest and has the most videos on "How to". I have not tackled this myself but have been researching it.
Blockchain security firm CertiK laid out the results of its own investigation, saying that two attackers had taken about $1.3 million worth of wrapped AVAX (WAVAX) and about $913,000 in liquid staked AVAX (sAVAX). Playtypus is currently investigating what went down.
I don't have native AVAX, but I do have exposure to it with WAVAX/OSMO pool on Osmosis zone. If I'm going to have exposure to alts during a bear market, I make sure I'm getting some sort of yield from them to help offset the downside risks.
Assets are wrapped and than bridged to other blockchains. You can trade wrapped btc on Ethereum for example. Or you trade wrapped ether on Avalanche. Or you can have WAVAX on Ethereum. And so on
Ok, I thought you were entering a DAI/WAVAX liquidity pool. With this clarification i see that you are interest on them separately, not as a pair in an LP
tldr; 1inch Network has deployed its contracts on Avalanche and Gnosis Chain. The decentralized exchange aggregator will integrate many of the leading protocols running on Avalanche, including Aave, Curve, Trader Joe, Sushi, Pangolin, YetiSwap, Elk Finance, and WAVAX. 1inch is DeFi’s top decentralized exchange aggregation platform in terms of daily volume. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Picked this one up: GME / WAVAX Node Game. Pure gamble but I had success with other ponzi nodes recently.
Definitely one I wished I had held. Had a whole plan with AAVE to throw a bunch of Qi in Benqi for what was180% rewards as most of it comes in WAVAX. Figured I could make a good chunk if AVAX continued to climb even if Qi tanked but decided the play was too risky. Big regrets.