Love it, very well explained. Thank you. You did something that lots of the RUclipsrs out there didn't do which is a good step by step video on "how to stake"
I may be missing something here. But as with other staking mechanisms, I've noticed that unless you can deposit a large amount of money, your gas price completely eats up your profits. Your gas price was 28 dollars, and you worked out you were getting about 11 uni over the period of 48 days. Is there a minimum you feel has to be invested to make it worth while. Obviously, given the zero interest rates in banks, it compares favourably. Thanks for the video.
Exactly. I was hoping the demo might help more gauge whether they're anticipated profit would be more or less than the gas I spent. It's always good to plan ahead because as you stated, gas might eat up part of your profits. I always ask myself: is the profit I'm earning worth entering this?
@@DeFiDad it did mate. I appreciate your time. For a while I would look at the gold rush and think 'what am I not getting'. Especially when the gas prices were astronomical. I saw people rushing to deposit funds on the back of promised 1000% gains, and paying over 100 quid to do so. I was scratching my head in that kind of "it's too good to be true" way. Of course, anything over 0% is a gain on the banks. And anything over 2% beats current inflation. But it just sits uneasy for me at the moment. Which is why I am hesitant. I know you can get insurance for it now, but my risk tolerance is such that I can't allow myself to let go of my crypto into a smart contract, even if I miss out. I feel safer trading for gains. Your video will definitely help others decide against their risk tolerance. Thanks again. 👍
@@I-done-did-it That insurance you speak of is one of my favourite projects; NXM. You said you're trading, so you might not be interested, but for hodlers like me, NXM looks a lot like a sure-thing. There's a lot of reading to do in order to understand it fully, but I am very optimistic for the long run :) Great question btw.
Cool video. Is any point in buying/investing into a farming token such as UNI? Or better to just farm? Seems like all of these farming tokens are designed to be dumped. Thoughts?
I am not following when you say adding DAI will cause 2 transactions but adding ETH will be 1 transaction? In both cases the asset added has to be split/swapped. I guess my real question is what is the cheapest fees to add funds to ETH/DAI pool on Uniswap? Is it cheaper to buy both ETH and DAI separately at an exchange and then add both ETH and DAI from a wallet or would it be cheaper to add just ETH and let it split?
Thanks for the video, do you still get rewards from the fees generated from people swapping. I noticed Eth/USDT is about 15% apr. Would you get the 15% plus the UNI tokens?
It would be nice to know how to get your money out of the liquidity pool. when i click unstake, then i have no option to withdraw? Do i have to wait until the reward era finishes?
As far as I know the UNI-V2 LP tokens are only for tracking your share in the liquidity pool. This is a smart contact in which your pool share and pare is recorded.
🧡💛💚💙 Its only worth it to add to pool if you put in more than $20,000 If you just put $1,000 then the ETH gas fee wrecks you anyway just to get started. This loyalty scheme for UNI is ending in like 40 days anyway 🧡💛💚💙
Love it, very well explained. Thank you. You did something that lots of the RUclipsrs out there didn't do which is a good step by step video on "how to stake"
I may be missing something here. But as with other staking mechanisms, I've noticed that unless you can deposit a large amount of money, your gas price completely eats up your profits.
Your gas price was 28 dollars, and you worked out you were getting about 11 uni over the period of 48 days.
Is there a minimum you feel has to be invested to make it worth while.
Obviously, given the zero interest rates in banks, it compares favourably.
Thanks for the video.
Exactly.
Exactly. I was hoping the demo might help more gauge whether they're anticipated profit would be more or less than the gas I spent. It's always good to plan ahead because as you stated, gas might eat up part of your profits. I always ask myself: is the profit I'm earning worth entering this?
@@DeFiDad it did mate. I appreciate your time.
For a while I would look at the gold rush and think 'what am I not getting'. Especially when the gas prices were astronomical. I saw people rushing to deposit funds on the back of promised 1000% gains, and paying over 100 quid to do so. I was scratching my head in that kind of "it's too good to be true" way.
Of course, anything over 0% is a gain on the banks. And anything over 2% beats current inflation. But it just sits uneasy for me at the moment. Which is why I am hesitant. I know you can get insurance for it now, but my risk tolerance is such that I can't allow myself to let go of my crypto into a smart contract, even if I miss out. I feel safer trading for gains.
Your video will definitely help others decide against their risk tolerance. Thanks again. 👍
This is why I get nervous.
cryptobriefing.com/defis-favorite-stablecoin-backed-more-60-centralized-assets/
@@I-done-did-it That insurance you speak of is one of my favourite projects; NXM. You said you're trading, so you might not be interested, but for hodlers like me, NXM looks a lot like a sure-thing. There's a lot of reading to do in order to understand it fully, but I am very optimistic for the long run :)
Great question btw.
Cool video. Is any point in buying/investing into a farming token such as UNI? Or better to just farm? Seems like all of these farming tokens are designed to be dumped. Thoughts?
I am not following when you say adding DAI will cause 2 transactions but adding ETH will be 1 transaction? In both cases the asset added has to be split/swapped. I guess my real question is what is the cheapest fees to add funds to ETH/DAI pool on Uniswap? Is it cheaper to buy both ETH and DAI separately at an exchange and then add both ETH and DAI from a wallet or would it be cheaper to add just ETH and let it split?
Thanks for the video, do you still get rewards from the fees generated from people swapping. I noticed Eth/USDT is about 15% apr. Would you get the 15% plus the UNI tokens?
Great vid, thanks defidad. Any idea why ETH-DAI has the least liquidity? Is it perceived as least likely to stay pegged?
It's just cuz DAI is less liquid I think.
It would be nice to know how to get your money out of the liquidity pool. when i click unstake, then i have no option to withdraw? Do i have to wait until the reward era finishes?
No it might take a few minutes extra for the button to show. Make sure you hit refresh.
@@DeFiDad yeah i did it, thanks
try serum - serum-academy.com/en/ ffs
hi how can i use uni -v2 tokens that i have received by the liquid pool ?
As far as I know the UNI-V2 LP tokens are only for tracking your share in the liquidity pool. This is a smart contact in which your pool share and pare is recorded.
@@TheRockteem answered my question. Thanks 😊
@@BrownDevil2 My pleasure 😊
Thanks for the video.Do i have to collect UNI before luquidity pool expires?If i dont unstake them when pool end what happens?
No need but I will likely claim around that time
@@DeFiDad Thanks for the info.
when is the next program like that gonna be?
Good explanation
🧡💛💚💙 Its only worth it to add to pool if you put in more than $20,000
If you just put $1,000 then the ETH gas fee wrecks you anyway just to get started. This loyalty scheme for UNI is ending in like 40 days anyway
🧡💛💚💙
Thx tho that super loud outro was not necessary : o
I bought uni for 4.91usd please help me the price dumped . When should I get out as short turm
This is a video about how to earn UNI but I don't talk about buying it.
@@DeFiDad okay the apy for uni staking is ?
All thanks to Revain
I'm right here for you babe!!
Views are trending up
for only who do trade before 1st september!!!!
This liquidity mining program to earn UNI is available now through Nov 17th.