tag:blogger.com,1999:blog-401742767867047481.post3247044376731330998..comments2024-03-28T18:36:46.828+08:00Comments on $$$ KPO and CZM $$$: DeFi - Aave, QuickSwap and AdamantVault on Polygon (Matic Network)CZMhttp://www.blogger.com/profile/02040796250676928758noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-401742767867047481.post-32263001882001091032021-05-27T18:43:21.382+08:002021-05-27T18:43:21.382+08:00The thing with stablecoin is that we minimize the ...The thing with stablecoin is that we minimize the risk/downside but at the same time, there will be no upside. I am farming MATIC because I believe it has some upside. E.g. I farm 1,000 MATIC now at $2 each but few years later, it might become $10? Of course, it can become 20 cents too. Who knows. lol.<br /><br />Yes, I gave it some thought but not planning to execute it anytime soon. The initialKPOhttps://www.blogger.com/profile/11839556977401200489noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-3375576507759475462021-05-27T18:31:32.282+08:002021-05-27T18:31:32.282+08:00Hi Kh,
Haha. Thanks and understand your point. Th...Hi Kh,<br /><br />Haha. Thanks and understand your point. That's because Aave is relatively newer while QuickSwap and Adamant are pretty similar to what I blogged about previously on - https://kpo-and-czm.blogspot.com/2021/04/pancakeswap-and-pancakebunny-our-experience-with-defi.html<br /><br />They are essentially the same (QuickSwap=Pancakswap while Adamant=PancakeBunny) just different nameKPOhttps://www.blogger.com/profile/11839556977401200489noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-81430274350973618812021-05-27T02:54:24.899+08:002021-05-27T02:54:24.899+08:00What is your motivation for earning interestor yie...What is your motivation for earning interestor yield in MATIC, given that it is not a stablecoin? Also what are the withdrawal fees if one wishes to withdraw the holdings from Aave platform back to your own wallet or eg. Binance /Gemini account ? What the risks with the Aave platform that beginners should take note of ? Appreciate if you can enlighten.Khhttps://www.blogger.com/profile/09761775951886323893noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-70559346326561534212021-05-27T02:48:26.706+08:002021-05-27T02:48:26.706+08:00I enjoyed your earlier posts on Celsius. For this ...I enjoyed your earlier posts on Celsius. For this particular posts, the title and content look a bit desync because the bulk of it is talking about Aave, only the last bits are talking about QuickSwap and Adamant and the jump in narrative is bit sudden. It would be more reader friendly to have a dedicated post on each product.Khhttps://www.blogger.com/profile/09761775951886323893noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-80952157168576362652021-05-25T23:34:57.464+08:002021-05-25T23:34:57.464+08:00Hi ymerej,
Nothing happened. Like I said, if you ...Hi ymerej,<br /><br />Nothing happened. Like I said, if you want to play the leverage game, you got to make sure you don't get liquidated/margin call. Anyway, I changed my strategy. You can read more here - https://kpo-and-czm.blogspot.com/2021/05/defi-farming-matic-using-aave-curve.htmlKPOhttps://www.blogger.com/profile/11839556977401200489noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-5431059933856469702021-05-25T21:27:55.482+08:002021-05-25T21:27:55.482+08:00so what happened to your position after the spike ...so what happened to your position after the spike in MATIC? ymerejhttps://www.blogger.com/profile/08600594977493258371noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-74245396326302084472021-05-18T21:21:15.067+08:002021-05-18T21:21:15.067+08:00Hi Yeo,
Ah right. I forgot to mention that in my ...Hi Yeo,<br /><br />Ah right. I forgot to mention that in my article, it was at the back of my mind. lol.<br /><br />2 "free" ways:<br />1. When you bridge stablecoin from xpollinate.io, 0.001 MATIC will be sent to your wallet<br />2. Go to https://matic.supply/ and claim the 0.001 MATIC<br /><br />The 0.001 MATIC will be enough to last you multiple transactions. Just convert some KPOhttps://www.blogger.com/profile/11839556977401200489noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-13880271155525938432021-05-18T12:39:05.005+08:002021-05-18T12:39:05.005+08:00How do I transfer MATIC from Binance to the Matic ...How do I transfer MATIC from Binance to the Matic network?Yeohttps://www.blogger.com/profile/03132824353363978922noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-53449796662843479672021-05-17T22:14:37.728+08:002021-05-17T22:14:37.728+08:00Hi KK,
Of course I do. It depends on how you see ...Hi KK,<br /><br />Of course I do. It depends on how you see it, if I were to convert the borrowed MATIC into other assets then I am definitely shorting it. My plan is simply to borrow and earn higher interest by participating in the market.<br /><br />Yes, you are right but it is all calculated risk in my opinion. Let's say at a health factor of 1.35, the price of MATIC will need to increase KPOhttps://www.blogger.com/profile/11839556977401200489noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-70699236714061579922021-05-17T22:01:00.755+08:002021-05-17T22:01:00.755+08:00Hi wenwei,
Gas fees are even cheaper in Polygon c...Hi wenwei,<br /><br />Gas fees are even cheaper in Polygon compared to BSC. Probably less than 1 cents or 0.1 cents.KPOhttps://www.blogger.com/profile/11839556977401200489noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-4241516434428950892021-05-17T15:44:12.151+08:002021-05-17T15:44:12.151+08:00For your AAVE position, I hope you know that by bo...For your AAVE position, I hope you know that by borrowing MATIC, you are implicitly shorting MATIC. Your position will get rekt is MATIC goes up like crazy. A health factor of 1.35 is also quite dangerous imo.<br /><br />As for your Adamant position, it doesn't sound like you know what you're actually investing in. I hope you understand impermanent loss.KKhttps://www.blogger.com/profile/10459647034183052769noreply@blogger.comtag:blogger.com,1999:blog-401742767867047481.post-71980524495137285332021-05-17T15:32:21.570+08:002021-05-17T15:32:21.570+08:00what about gas fees after you bridge usdc over to ...what about gas fees after you bridge usdc over to matic using xpollinate?-wenwei-https://www.blogger.com/profile/12885408216551001226noreply@blogger.com