These vids are so not glitzy (a good thing!) but man sooo helpful. I'll have to come back to them. It looks like you have worked to maximize your gains here.
Thanks for all the informative videos DeFi, the gas fees are so ridiculously high right now, there is little room to experiment. So I'll just ask a simple question, if you have some DAI lying around right now, what is the best way to maximize your yield on that ?.. Using any of the DeFi platforms and considering all the additional token awards, which is the best one in your opinion, and let's be careful to pick one where we won't have to interfere, rebalance / shuffle between pools a lot because we don't want to incure any additional steps / fees other than absolutely necessary in the beginning (the fees are already ridiculous...) ?..
I think the simplest thing is a yield bouncer. It moves DAI pool to pool with the highest rate, so it's out of sight, out of mind. I personally have used the curve.if/iearn/deposit pool lately, but once your DAI goes into this pool, there's no promised you'll get it back with DAI so high in demand. If I am willing to sacrifice some % interest and prefer to only lend DAI, I'm better off using idle.finance or Staked RAY as yield bouncers.
Great Video. Thanks. A question came up: how do you keep track on all your deposits over several bouncers. Let's say you deposited on curve finance. Will Metamask be able to give you an overview where you did deposits without visiting the website and connect your Metamask wallet? There are so many dapps and services to try out - but how to keep track on them?
This is great information. I even learned things for Metamask which I didn't know. The limit was a great tip. I did not understand the gas and what you were looking at your phone. I wish you would explain that maybe in another video. I am very interested in CURVE but I was not able to undestand their website very well. I didn't know where to look for APY average per token for example. Thank you again! Great video!
Great to hear! I was referring to ethgasstation.info. If you go here before hitting Confirm on any MetaMask transaction, you can see the recommended Gwei to push a transaction through in
Thanks for the great info. I see on Idle there is now a farming section of Idle and Compound. Do I earn the current rate of 16% more DAI and also the Compound and Idle tokens as well?
Thank you for the explanation! One thing I've been wondering is what's in it for curve, dydx, and the rest of protocols by providing the community with such useful financial tools. I mean, it cannot be sheer altruism right? Is their business model getting commissions on transactions? and if so, wouldn't that factor contradict the decentralisation factor? hope someone can clear this out for me! thanks in advance
NOT AN EXPERT: But the incentive... is that most of these protocols issue no-value governance tokens. Eventually, the governance tokens may (or may not) decide to vote in a fee structure for the protocol that brings in fee revenue. Some of these protocols have significant retained token funds.
how do you get the transaction history from these sites for tax purposes ? do they send out 1099 to US residents or is there some alternative mechanism ?
Great video, thank you. You expressed how much you liked Staked and how it consistently outperformed the market but then you state at about 12:26 that you closed your RAY. Would you mind elaborating why you chose to close out your RAY?
Great content! do you have any info on ETH/BZRX pool on Zapper? I added some liquidity to it but it doesnt show up in my zapper account. Do I have to now stake those pool tokens somewhere to start seeing some yields? Many thanks in advance!
why the gas rates are so high!! when i tried to yield in robo advisor its asking 18-19$ for gas and when tried the technique shown in video to lower gas price it's making the transaction fail which is making me lose money
Did you check the ETHgasstation.info? That helps to decide the right gas price. The ones I set in the video are changing constantly according to how busy the Ethereum network is.
Really thank you for the time you are dedicating for these videos. My question now is what's the best yield bouncer? I would appreciate a video where you explain the pros and cons.
Good catch. That's another new way to deposit one of the 4 stablecoins into Curve's Y Pool. 1) If I don't care about UX and I have stablecoins already in my wallet, curve.fi/iearn/deposit works great. 2) If I care about UX or I have other tokens like ETH I'd like to swap into stablecoins to deposit/stake with Curve Y pool, best to use zapper.fi -> Invest. 3) If I use Instadapp normally, my funds are already in my DSA (DeFi Smart Account - a special wallet in Instadapp) and I will save gas by just using this new Yield (iearn) option to deposit stablecoins.
Highly appreciate the consistent detailed and well presented info on defi!
I appreciate that!
thank you DeFi dad. I started investing in DeFi . your information make me so easy to get in..
These vids are so not glitzy (a good thing!) but man sooo helpful. I'll have to come back to them. It looks like you have worked to maximize your gains here.
Thank you so much for that video. Crystal clear and so helpful 🙏🏽✨
You're so welcome!
man, i love ur channel. please keep it up!!
I do actually have a question, on the yield bouncers. If they churn you from one pool to another, do you pay gas on every transaction they are making?
Awsome. Thanks once again DefiDad.
My pleasure!
Another quality video! Thanaks!
Glad you enjoyed it! muah.
Thanks for all the informative videos DeFi, the gas fees are so ridiculously high right now, there is little room to experiment. So I'll just ask a simple question, if you have some DAI lying around right now, what is the best way to maximize your yield on that ?..
Using any of the DeFi platforms and considering all the additional token awards, which is the best one in your opinion, and let's be careful to pick one where we won't have to interfere, rebalance / shuffle between pools a lot because we don't want to incure any additional steps / fees other than absolutely necessary in the beginning (the fees are already ridiculous...) ?..
I think the simplest thing is a yield bouncer. It moves DAI pool to pool with the highest rate, so it's out of sight, out of mind. I personally have used the curve.if/iearn/deposit pool lately, but once your DAI goes into this pool, there's no promised you'll get it back with DAI so high in demand. If I am willing to sacrifice some % interest and prefer to only lend DAI, I'm better off using idle.finance or Staked RAY as yield bouncers.
Defi Dad we need a update video on how to use Idle!
Great Video. Thanks. A question came up: how do you keep track on all your deposits over several bouncers. Let's say you deposited on curve finance. Will Metamask be able to give you an overview where you did deposits without visiting the website and connect your Metamask wallet? There are so many dapps and services to try out - but how to keep track on them?
This is great information. I even learned things for Metamask which I didn't know. The limit was a great tip. I did not understand the gas and what you were looking at your phone. I wish you would explain that maybe in another video.
I am very interested in CURVE but I was not able to undestand their website very well. I didn't know where to look for APY average per token for example.
Thank you again! Great video!
Great to hear! I was referring to ethgasstation.info. If you go here before hitting Confirm on any MetaMask transaction, you can see the recommended Gwei to push a transaction through in
Thanks for the great info. I see on Idle there is now a farming section of Idle and Compound. Do I earn the current rate of 16% more DAI and also the Compound and Idle tokens as well?
Thank you for the explanation! One thing I've been wondering is what's in it for curve, dydx, and the rest of protocols by providing the community with such useful financial tools. I mean, it cannot be sheer altruism right? Is their business model getting commissions on transactions? and if so, wouldn't that factor contradict the decentralisation factor? hope someone can clear this out for me! thanks in advance
NOT AN EXPERT: But the incentive... is that most of these protocols issue no-value governance tokens. Eventually, the governance tokens may (or may not) decide to vote in a fee structure for the protocol that brings in fee revenue. Some of these protocols have significant retained token funds.
What's best idle or zerion.io? Why?
how do you get the transaction history from these sites for tax purposes ? do they send out 1099 to US residents or is there some alternative mechanism ?
Great video, thank you. You expressed how much you liked Staked and how it consistently outperformed the market but then you state at about 12:26 that you closed your RAY. Would you mind elaborating why you chose to close out your RAY?
Great content! do you have any info on ETH/BZRX pool on Zapper? I added some liquidity to it but it doesnt show up in my zapper account. Do I have to now stake those pool tokens somewhere to start seeing some yields? Many thanks in advance!
great video. Make 1 about YFI!
excellent! thanks
why the gas rates are so high!! when i tried to yield in robo advisor its asking 18-19$ for gas and when tried the technique shown in video to lower gas price it's making the transaction fail which is making me lose money
Did you check the ETHgasstation.info? That helps to decide the right gas price. The ones I set in the video are changing constantly according to how busy the Ethereum network is.
Hello, really good videos. I don't know if it's only me but is it possible for you to register your videos with more volume ?
Hey brother. Where’s the other video on YFI? I must’ve missed that one.
Here it is! Brand new one: ruclips.net/video/kjv-sW2PBS4/видео.html
Whats up with the uniswap eth ampl pool?
26:50 you could actually lose on the trade if Rari converts your USDC to Dai when Dai has higher rate
Wow
Really thank you for the time you are dedicating for these videos. My question now is what's the best yield bouncer? I would appreciate a video where you explain the pros and cons.
$IDLE?
how does it compare to:
dsa.instadapp.io/curve
Good catch. That's another new way to deposit one of the 4 stablecoins into Curve's Y Pool.
1) If I don't care about UX and I have stablecoins already in my wallet, curve.fi/iearn/deposit works great.
2) If I care about UX or I have other tokens like ETH I'd like to swap into stablecoins to deposit/stake with Curve Y pool, best to use zapper.fi -> Invest.
3) If I use Instadapp normally, my funds are already in my DSA (DeFi Smart Account - a special wallet in Instadapp) and I will save gas by just using this new Yield (iearn) option to deposit stablecoins.
@@DeFiDad , can n ou get more yield by borrowing on instadapp's compound gui, then deposit the loaned amount into curve iearn?