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Darren Lau Profile picture
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10 Mar, 11 tweets, 5 min read
Testing out @KineProtocol :D
-> Professional Grade Decentralized Derivatives Markets
medium.com/@KineProtocol/…
Got some free kovan ETH from random CT peeps (thanks!), if anyone wants any drop a reply below 👇

Once at kovan.kine.finance, I clicked on Test Token to get some USDC, Wrapped BTC and USDT Image
I enabled USDC to use as collateral and then I staked the maximum, staking $4000 gives me a $3400 debt limit ImageImage
With that debt limit, I minted some kUSD to use on the KINE Exchange kovan.kine.exchange/exchange, which shows a short tutorial of where everything is once you go there.

Remember to add the kUSD to Metamask, there's an option on the front page Image
Current list of assets you can trade here 👇
- @KineProtocol why no $ALPHA or $SUSHI 😤 Image
Similar to a CEX, you need to deposit kUSD into the exchange to use, so go to kovan.kine.exchange/account/finance and click on Deposit at kUSD.

Once that's done, I transferred it to my Cross Margin Account ImageImage
Back at kovan.kine.exchange/exchange!
Looks like the max is 20x Leverage ~ 54.4k buying power, so I'm just gonna do that since it's a testnet Image
My position then shows up at the top and I can choose to close it whenever I want to, let's see how this does 👀 Image
Here's a few resources
Kine Introduction
medium.com/@KineProtocol/…

Testnet Launch post
medium.com/@KineProtocol/…

Kine LBP
medium.com/@KineProtocol/…

If anyone wants some kovan ETH, drop a reply 👇 Big thanks to all those that sent it to me previously :)
Will try to do more frequent testing of different projects, lemme know if you have any suggestions👀
PSA Retro Airdrop 👀

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More from @Darrenlautf

Darren Lau Profile picture
20 Dec 20
No news update for today but I have an ape one🙊
Bought some $GRT here with my ENS (5 ETH - 50% of Fund)

Reason being:
Blow off top from 74c to 56c (~25% drop)
Previous Blow off top was from 59c to 38c (~35% drop)
Funding is still negative (but not as high as it was)
With 2.8 bln in 24hr trading Volume, personally feel there could be another run up but the r/r here isnt as great admittedly.

However, fundamentals for The Graph are strong which is highlighted by Private Chad's thread here .
Everyone uses them : CoinGecko, Uniswap Info etc and this has been a launch that Daryl and I have been anticipating for forever .
Read 6 tweets
Darren Lau Profile picture
30 Aug 20
Not an alpha leak but more of a story

It's crazy to think just how much crypto has changed my life and @Daryllautk 's too. We both got in 2017 with a tiny amount (<$50) because back then we were broke at with no source of income and just starting our degree in university
Looking back, there were plenty of signs for us to dive in:
- saw Bitcoin as payment on Steam when it was first added
- watched the Social Network movie when it first came out and thought the Winklevoss twins were cool af
- had a friend that was mining ETH in 2016 🤯

#megablind
I guess the final sign was when I was interning at a local NGO and my boss at that time @mrstingy2014 started telling me about Bitcoin and how it could change the world. He wrote this cool article here: mr-stingy.com/love-affair-bi…

That's when we had a 💡moment
Read 23 tweets
Darren Lau Profile picture
21 Aug 20
1/ $NXM has done a monster run up, this past month alone but why? Is it really just because people are starting to realise the demand for an Insurance product in DeFi or is there another reason why?
2/ Few understand this but, NXM’s token price doesn’t work like a normal coin, instead it works following a bonding curve:
3/ So from this formula you see that we need the MCR and the MCR%.
Think of it as:
MCR - Minimum Amount Nexus Mutual needs to operate
MCR% - Capital Pool Size over Minimum Capital Requirement

Krugman does a good thread here :
Read 17 tweets
Darren Lau Profile picture
20 Jul 20
The y-pool on Curve has gone crazy again🤯 and it's because of $YFI (coingecko.com/en/coins/yearn…), which is the governance token of yearn.finance. Here's a guide on how to farm it!
There's 3 pools to farm $YFI:
yearn - needs y-curve tokens, gets $YFI
balancer - needs $YFI and DAI, gets $YFI and $BAL
Governance - needs $YFI and y-curve, gets $YFI, $BAL, $CRV

Read more here medium.com/@andre_54855/p…
Step 1 : Getting y-curve tokens

Go to curve.fi/iearn/deposit

Input the amount and choose deposit and stake. Confirm all transactions

Tip : do it before Asian waking hours for cheaper gas fees
Read 14 tweets
Darren Lau Profile picture
20 Jun 20
If you're like me and you just woke up to seeing 158.59% APY at the y pool on @CurveFinance, you're probably wondering how do i get some of that 💰💰💰
Here's a short guide (cause it's really that easy to use)
1. Go to curve.fi/iearn/deposit

OR to go here from curve.fi
1. Top Left, green navi bar -> y -> deposit
2. Scroll to the bottom to the line that says
"2.Y ....", click it then click deposit
2. Decide how much you want to deposit in (DAI, USDC, USDT, TUSD)
- if you don't wanna brain just choose use max amount of coins available
3. Infinite approval - save fees cause below

(Ignore the low DAI amount, yo boi here is broke cause of degen trading with @Daryllautk)
Read 13 tweets

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