blockfi chainlink

[Anonymous No.30020255]

are you going to put your chainlink onto blockfi anons? its 5.5% APY which sounds amazing desu. i keep my 56k link on binance so i'm still hesitant to keep it all on there but i dont feel like binance is too much better. What are you planning tomorrow?

[Anonymous No.30020341]

>>30020255
blockfi is centralized right? Are they insured?

[Anonymous No.30020436]

>>30020255
Someone explain to me why Blockfi is able to offer 5.5% apy on LINK? Aave gives like 0.01% APY because there is little borrow demand for LINK

[Anonymous No.30020447]

>>30020341
yea its centralized. they say they have insurance on a portion of deposits, but i dont think its for everything

[Anonymous No.30020461]

>>30020255
I have my 172,384k link stack on cryptocom earning a decent yield there.

[Anonymous No.30020503]

>>30020341
Insured by Gemini, invest at your own risk.

[Anonymous No.30020535]

>>30020447
Meh, won't be taking the risk then. Sounds like a good deal though

[Anonymous No.30020618]

>>30020255
>staking LINKies on anything other than a Sergey designated platform

[Anonymous No.30020685]

>>30020255
Looks like this still hasn't been updated then
https://docs.google.com/spreadsheets/d/1Y5HONAIHQs2ZlliF-MCkIfdeRhzOu6ZSWJov0NjmhSo

I have mine on NEXO, thoughts?

[Anonymous No.30020697]

>>30020461
geez. hope you aren't larping cuz thats a fuckton of link. i see crypto.com offers 3%, you planning on moving your stack over?

do you ever worry with a portion that big?

[Anonymous No.30021507]

>>30020697
did you check my link anon? >>30020685
I'm willing to give blockfi a try, 1/4 of my stack perhaps

[Anonymous No.30021704]

>>30021507
yeah i checked it out but i didnt locate chainlink lol. i think nexo is good too but they never underwent audit?

i just think blockfi is safer, at least you can locate their headquarters unlike celsius

[Anonymous No.30022432]

HOLY FUCK THIS IS HUGE I HAVE ALL MY MONEY ON BLOCKFI AND NOW I CAN PUT MY 21k LINK IN THERE HOLY SHIT

[Anonymous No.30022553]

>>30022432
you've never had any problems right? ur gonna put 21k but u already have a ton of cash there? nothing happened?

[Anonymous No.30022615]

Nexo is best based on team

[Anonymous No.30022652]

>>30020618
was the game rigged from the start?

[Anonymous No.30022793]

>>30020618
He unironically uses Celsius

[Anonymous No.30022798]

this is making me suspicious of blockfi desu. how are they managing to get enough to pay 5.5%? all the on-chain (transparent and no fraud) lending platforms for lending link are sub 1%. what's going on? is this a ponzi?

[Anonymous No.30022866]

>>30021507 nice chart. wheres gemini earn? it was recently released for link. 4.6% i think

[Anonymous No.30022916]

>>30022798
Maybe it's a trading bot algorithm :^)
WASSA WASSA WASSA WASSAAAAAAAAAAAP

[Anonymous No.30023081]

>>30022553
Yeah ive been using it for a while. I have 130 eth and 60k usdc in there. I figure its safer than a lot of other lending apps. Its got winklevoss endorsements too and theyre trying to become mainstream. Way less sketchy than celsius and nexus and those pajeet companies. Plus blockfi is still a company so you can still sue them if they do something bad. All their assets are held on gemini so if you believe in gemini you believe in blockfi

[Anonymous No.30023275]

>>30022798
For sure the rate will decrease over time

[Anonymous No.30023446]

>>30022798
just take it off if the apy starts going down more than you're comfortable with. until then just earn literal free link

[Anonymous No.30023535]

All this fucking crypto lending shit is just so they can dump on the market, if they enough they could potentially make prices go down

[Anonymous No.30023709]

>scam
stick to staking balancer and sushi on aave.

[Anonymous No.30023753]

>>30023081
curious as to why you think celsius is a scam. the link team themselves literally have their BTC/ETH treasury there to earn

[Anonymous No.30023833]

>>30023753
>dev team in ukraine
>no physical location
>mobile app

[Anonymous No.30023959]

>>30021507
This is exactly my plan

[Anonymous No.30024000]

>>30023081
This was my thought process as well

[Anonymous No.30024027]

>>30023833
web app coming in a month

[Anonymous No.30024214]

>>30023535
Yeah this shit sounds too good to be true. My lizard brain wants in but my gut is telling me no

[Anonymous No.30024240]

>>30020685
>celsius
>in-cel
kek

[Anonymous No.30024256]

>>30024000
checked. one last question before i go... its still better to leave my 56k link on blockfi than binance right?

[Anonymous No.30024328]

>>30020618
this. shame on all you greedy link marines. you have lost your way, and you WILL get burned. repent your sins

[Anonymous No.30024347]

if blockfi ever rugs it will be bigger than Gox

all the normie maxis on twitter shill this shit. they must have tens of billions in deposits.

[Anonymous No.30024393]

I'm already on gemini so I'm just earning interest on there

[Anonymous No.30024431]

>>30024256
I'm probably overly fundamentalist in this in that I firmly believe not your keys not your crypto so I would never store any significant amount of crypto on an exchange. That said many do.

For me it will be cold storage for ~73%, 25% in blockfi until I know more about what other passive income sources are available for link (esp if the supposed matt beale staking aug smartcon thing is true) and the last few percent on a few exchanges for selling the occasional parabolic advance.

[Anonymous No.30024437]

I just don’t trust this shit. I know the second I decide to fomo in that’s when they exit scam and I’ll lose everything. I’m too scared.

[Anonymous No.30024456]

>>30024347
this is exactly my thought. theres no way they're going to rugpull after having their entire team already doxxed to the twitter army

>>30024328
its sad to say out loud but 56k link isn't enough and i need more... maybe get to 75k

[Anonymous No.30024471]

>>30023833
This
Also JessicaKhater.webm

[Anonymous No.30024489]

>>30020503
i think the insurance only covers hacks nothing else

[Anonymous No.30024535]

25% of my link stack is on celsius and i'll be putting another 25% on blockfi tomorrow

[Anonymous No.30024584]

>>30020618
Man i remember the thread where this meme was made and how we liked the one where he was looking away better than the one where his eyes had been shooped to look directly at the camera. Jesus Christ I need to hurry up and make it I’m wasting away with you faggots

[Anonymous No.30024685]

>>30020255
My chainlink has 25 days left in crypto.com earn once it’s done I’m sending it to blockfi. Much better rates

[Anonymous No.30024706]

>>30023081
Huh. Well all my Link is on Gemini so I guess I believe in them.. maybe I’ll give this a shot

[Anonymous No.30024747]

So what's the actual risk of putting your crypto up to earn interest? Everyone's saying they don't trust it and idk what they would even do to fuck you over. Just take all of it?

[Anonymous No.30024768]

>>30020255
>5.5%
I don't get out bed for anything less than 100% hourly

[Anonymous No.30024806]

>>30021704
I live a few blocks away from blockfi’s office so I’m parking my funds there. If they steal from me I’ll shoot everyone in their office with an assault rifle

[Anonymous No.30024818]

>>30020255
These faggots yield farm with your money. DO NOT SUPPORT.

Union hasn't even mooned. This shit aint over.

[Anonymous No.30024957]

5.5% isn’t entirely unreal. these rates are for degenerate margin traders and institutional traders btw. ftx was offering 100% apy for usd stable coins just recently but it only lasted a couple weeks during extreme volatile period. another example, default rate for bitmex longs is 0.01% over 8 hours. it varies a lot but that’s a good benchmark rate to compare what’s realistic.

[Anonymous No.30025104]

>>30024806
dangerously based

[Anonymous No.30025111]

>>30020255
You keep 56k link on binance, the most hacked exchange? Just lol.

[Anonymous No.30025206]

I have bout 400 in Nexo, just sent another 600 because I like getting daily interest payouts and it's 5% and the fuckers are holding my funds in limbo, probably because it's a larger sum, but come the fuck on, going to blockfi after this shit.

[Anonymous No.30025220]

>>30024393
That's what I'm doing too, it's 4.46% APY and I trust them

[Anonymous No.30025489]

>>30020436
short answer: price manipulation
long answer: price manipulation, specifically supression; CEXes borrow from blockfi, Celcius, Nexo,etc at 8-10% to stack the sell book and cause bleeds and dumps via market selling, mostly in sats and gwei but also USD
>why borrow centralized and not via Aave?
i can think of a couple reasons
1) don't let LINKies have trustless yield out of spite
2) CEXes don't want to take on smart contract risk
3) they don't want any on chain evidence of their price suppression fuckery
4) liquidity concerns maybe
and so on

[Anonymous No.30025496]

>>30025206
My guess is they don't process small stacks as fast.

[Anonymous No.30025527]

Chainlink, Noooo

[Anonymous No.30025842]

>>30024806

[Anonymous No.30025966]

>>30024806
BASED

[Anonymous No.30026095]

>>30021507
>in-CEL

[Anonymous No.30026183]

[Anonymous No.30026981]

>>30026183
why does Curve have a windows 98 aesthetic

[Anonymous No.30027974]

I just cant pull the trigger and risk it for a few percent bros. I feel like im leaving money on the table though.

[Anonymous No.30027977]

>>30020255
5.5% lol. you can get 20% on bancor

[Anonymous No.30028015]

>>30027974
>>30027566

[Anonymous No.30028047]

>>30027974
I'm never selling, and never lending. I will ONLY stake using the official Chainlink staking. If that has a smartcontract bug then the entire project is toast anyway. I don't want any counterparty risk.

[Anonymous No.30028104]

>>30025496

[Anonymous No.30028187]

>>30027977
20% and it's transparent and decentralized. Wtf are you niggers doing?

[Anonymous No.30028294]

>>30020255
They could offer infinite apy. Nothing on this earth will make me part with my linkies

[Anonymous No.30028410]

I've had my BTC and ETH on BlockFi for months with no issues. Throwing all my link there immediately.

[Anonymous No.30029744]

>>30025496
what is the problem?

[Anonymous No.30029805]

Gold Secured Currency ecosystem is rising super speedy
So there is no time to hold back
Invest in fucking amazing Swirge and earn with fun
>I hold GSX, coin price became nice liquidity rn

[Anonymous No.30029851]

>>30028047
how do you hodl your coins?

[Anonymous No.30029865]

>>30020255
>i keep my 56k link on binance
Oh shit nigger what the fuck are you doing

[Anonymous No.30029901]

>>30029851
Cold wallet, haven't touched it since 2017. So cold I haven't even tried using my private key to make sure I can actually access my funds. I'll find out when either I'm a millionaire or I'm broke.

[Anonymous No.30029905]

>>30020255
>willingly giving your 1 shot at generational wealth to chinks for 5.5%APY

[Anonymous No.30029952]

>>30020255

yeah give your link to an unaudited thing shilled by fucking idiots like pomp and williams

LOL

[Anonymous No.30029971]

>>30025489
not very good reasons

[Anonymous No.30029979]

>>30020255
Thanks but I'm staking my linkies with 25% apy, decentralized, don't wanna get scammed

[Anonymous No.30030114]

>>30029971
why do you think they're borrowing centralized then, because the demand is coming from somewhere, unless you're suggesting that there is fraud afoot

[Anonymous No.30030256]

>>30029901
ledger nano x looks good, Nexo looks secure too though
>>30030114
cheaper to borrow centralized?

[Anonymous No.30030529]

>>30025489
True, but it's not only for CEXs and suppression, it's also re/hypothecated to third-party borrowers and investment firms (e.g. https://genesistrading.com/)) who not only kick the can even further down the road with more lending but incorporate it to their portfolio for leveraged investments/yield farming. desu the entire thing seems like it could be a house of cards at the end of the bull run if any of these guys run into liquidity issues.

[Anonymous No.30030633]

>>30030256
left rate is variable borrow, right rate is fixed borrow

[Anonymous No.30030670]

>>30027977
only for a year and there's not always space

[Anonymous No.30030709]

>>30030529
>>30030633
hmmmm might be going with the ledger, would have been nice to make so much per year though, with all these websites I bet real steaking is soon

[Anonymous No.30031006]

>>30030670
year - yes and about 5% after. there was like 300k space just yesterday

[Anonymous No.30031049]

>>30030670
>only for a year
And...? You know you can withdraw it? Lmao

[Anonymous No.30031068]

>>30031006
Teach me your ways, bro, if I have 1500 LINK how many BNT should I get to stake?

[Anonymous No.30031173]

>>30023753
I had no idea of this. Celsius doesnt seem as transparnt as blockfi.

[Anonymous No.30031256]

>>30031068
you dont need bnt. bancor allows single side liquidity provisions + they provide protection from impermanent loss

[Anonymous No.30031275]

>>30031068
You dont need BNT its singlesided
I have a suicide stack (10k) on bancor and it makes me 100-130usd per day

[Anonymous No.30031480]

I WANT TO PUT 1 BTC INTO BLOCKFI IT SEEMS PRETTY SAFE ANY REBUTTALS????

[Anonymous No.30031554]

>>30029905
This desu I just can’t risk it. We are gonna be rich as fuck eventually just gotta wait.

[Anonymous No.30031634]

>>30031275
Wtf bancor is at top 85 and 10k is a suicide stack? Are you crazy?

[Anonymous No.30031660]

>>30020341
He's keeping his on binance lmao blockfi is still a step up from a Matla Chinese mafioso exchange.

[Anonymous No.30031661]

kek, what are you talking about, trash boy
>these jews stole all your minerals
don’t be so stubid and believe in every shit on topics
eat a cake and go to Justliquidity and their julswap
any token can show you benefits from farming

[Anonymous No.30031671]

>>30024214
always trust your gut

[Anonymous No.30031748]

>>30031068
Wait for Arbitrum first, unless you're okay with fronting $300 gas fees to throw small amounts in as people move their small BNT rewards in to open it up. Remember that BNT LP rewards are not going to last forever, only a few additional months; this means that if you pay some n-thousands bills to get in, you may barely break even or even end up with a loss once rewards drop off, not including impermanent loss when Chainlink pumps before your 100 day full protection window.

[Anonymous No.30031782]

>>30030633
"When you take a crypto loan and spend that loan, you avoid paying any capital gains taxes, which otherwise in many countries you have to pay when you sell your crypto."
Maybe this has something to do with it

[Anonymous No.30031856]

>>30031782
How do you avoid paying taxes to repay the loan

[Anonymous No.30031862]

>>30028047
100% based people forget what the point of all this shit actually is when they see $$$$$$$

[Anonymous No.30031917]

>>30029901
do a private key check... forgot my pin to my ledger but was able to back up with seed. was sweating and shitting myself the whole time ngl but worked flawlessly

[Anonymous No.30031989]

>>30031856
You pay taxes on the interest, e.g. in AAVE as it's withdrawn from your collateral. When you pay back the money given to you from a loan (which is taxless), you don't need to pay taxes -- if you made gains from a single trade (e.g. loan -> stablecoin -> purchase -> sell/repay loan/keep profit), these gains are like any other and only are realized when making a second transaction on short or long-term basis.

[Anonymous No.30032039]

>>30031856
don't have to declare it I suppose
Also this, with Nexo "Clients funds are held in individually assigned multi-signature wallets in cold storage, held with the only qualified audited and Goldman Sachs-backed custodian BitGo."
Maybe I'll go to Bulgaria and stand next to my coldwallet in nervousness

[Anonymous No.30032067]

>>30031917
I might do a check near the end of this bullrun, I have some REQ on the same wallet I'd like to sell and I bought a Ledger which I can move the LINK to (while pissing and shitting myself from moving 6 figures to a new wallet)

[Anonymous No.30032376]

>>30020255
Blockfi wants to yield farm with your LINK. DO NOT GIVE THEM YOUR LINK.

Also : Kleros.

[Anonymous No.30032424]

>>30032376
Are you going to explain what that is

[Anonymous No.30032582]

>>30030529
https://www.reddit.com/r/Chainlink/comments/hvqyfu/nexo_is_insolvent_due_to_chainlinks_recent_rise/
related thread that explains it pretty good

[Anonymous No.30033043]

Just spread some of your link between multiple platforms. It’s not like they will all exit scam at the same time.

[Anonymous No.30034327]

>>30033043
I’m honestly afraid to put my link anywhere