Staking obviously. $dot $egld and others are making a nice bit of returns!
Celsius lending BTC, ETH, Matic, and USDC
Not the best rates on all coins compared to defi, but for the lower risk I am happy to diversify!
Anchor has a large chunk of my stablecoins earning 19.3%.
Also have stables in Bridge Mutual under writing insurance contracts. Average is 150%.
Small amounts in rUSD 23% in Ramp and USDC in Mercurial Finance 28% on Solana.
Yearn Finance is one I have a lot of ETH in via their crvstETH vault. Earning around 7% APY in stETh, which I can later trade for ETH 2.0.
I have a small experimental amount in Olympus.
My newest favorite farm though is Tokemak. ETH 34%, USDC 49%, TOKE 104%!
Still looking for a good home for my WBTC. Badger and Yearn Finance are both looking OK at the moment.
I left Blockfi and Bancor due to falling rates. Have to stay nimble to get the best yields.
My biggest positions Anchor and Yearn I have insurance on via Nexus Mutual, except Celsius which I think has a different risk profile.
Others are risk adjusted by position size.
I am not putting all of my eggs in one basket just in case.
But I hope this post will show you that there are some HUGE opportunities out there to be had. If you are just sitting on your assets you are missing out IMO.
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I remain very bullish on the Polka $dot $ksm ecosystem.
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So let's talk about parachains.
Kusama has successfully had their first parachain auctions and are now on round two of parachain auctions.
The first 5 parachains resulted in 10% of the supply getting bonded! WOWSERS!!!
The star of round one was Moon River. Even if you had bought the top on KSM you would be up 10X on $movr, most who backed them are up 20 to 100X or more. And the real kicker with parachain auctions.... you get your KSM back at the end! This is solid proof Dotsama is a money maker
Then fund your wallet with a little bit off $sol, for gas, and some usdc from your exchange account like FTX, if your exchange doesn’t allow withdrawals of usdc to solana directly you can buy sol and swap on @RaydiumProtocol
There are lots of great platforms to use on Solana. Since we mentioned @RaydiumProtocol start there and make a swap using that decentralised exchange. Swap some sol for usdc
By the way, keep this all low stress just put in like 100 bucks to play with to your phantom wallet.
Oh and I should note that Solana also has a token burning mechanism which burns a percent of the transaction fees. This is good for long term tokenomics.
This chart from Ben Cowen also shows this concept. Either this was shortest lowest ROI cycle ever, or we are heading for our double bubble with a cycle end in early 2022.
Trading your fiat for BTC is exchanging bad money for good. Bitcoin is Gold 2.0 and has essentially become the reserve asset of the crypto markets.
I personally use it as a gold like asset in my crypto portfolio.
DCA into Bitcoin is a great way to get exposure to BTC. Dollars will 100% fall in value. Your BTC will continue to rise versus fiat over time. It is an inflation hedge, store of value, and still in price discovery