Why aren't you accumulating compounding interest on your crypto goyim?

I like to help people so here's my good deed for the day.

wallet.coinbase.com/dapps/dapps/compound

Everyone's looking to get rich and knock it out of the part but blow thier wad everytime when they should be trying to load the bases first.

There is no get rich quick you sell at the bottom while I'm here gathering interest either way it goes.
Daily crypto divs on coinbase wallet looked what I found.
Looks like you can also borrow against your dai and eth.so stop being an ignorant
soii-Negro-phant and learn this shit today.

The singularity has moved a little closer,can you feel it?
Also how do I wrap a Bitcoin?

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medium.com/compound-finance/faq-1a2636713b69
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Trump bump for interest earned

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I’ve been curious about this user. How often do you get paid interest?

Put about 100 on each for fun,should gain daily,compound, and if eth ever pumps again,whooboy...

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Daily it seems,
Fucking 12% on a usd stablecoin?
Find me a bank that's better?

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The stablecoins have some spicy interest rates. I’m accumulating a small amount of Dai to lend out eventually.

I’m really excited about this stuff for countries with unstable currencies.

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literally per block in real time. There is a factorial token added to you wallet which increases per block. The longer you hold the more tokens you get back. The factor increased is based around the APR.

is this a scam?

Ooo is this like the mythical cDai I hear about?

Nah

What is this sorcery?

What if you want your funds back tho?

Why would I lend to make 0.2% every year? Am I missing something? Does APR stand for something other than Annual Percentage Rate?

You can wrap bitcoin using kyber or renex i believe

Are the ones with high interest just because they're meme coins with minimal supply and borrowers?

The real money is in lending stablecoins.

Look I've gained more dai interest in the 15 mins or so it took me to hit a bowl of some cali

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Wow 3 cents you’re rich bro

Yes. Basically it's a very thin market.

The coins with the highest interest rates are Dai and USDC which are both stable coins. People want Dai so they can manage their CDPs in MakerDao and people want USDC because it’s relatively easy to turn into fiat through an exchange.

Both coins are also pretty good at getting other coins that aren’t available to borrow.

You can with draw or even better keep it earning interest and borrow against it,like two banks lending each other money but no middle man to fuck you,aside from fees.
I'm still figuring out the borrow part,but if you supply eth or dai it'll grow.

Looks like bat and wrapped btc too whatever that is

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how do I cash out the dai? if I do this

So open up an account on Khyberbuy some of the wrappedBitcoin and send it to my coinbase wallet am I understanding this right?

>Why aren't you taking on an inordinate amount of risk to make .02% or max 12% for really crazy high risk lending, user?
Hint for all the low IQs: If something seems too good to be true, it probably is.

yeah something like that

Wrapped BTC is an Ethereum stable coin that is pegged to BTC so 1 WBTC = 1 BTC. It’s basically just a way to interact with bitcoin on Ethereum platforms.

It doesn’t seem too good to be true desu 0.2% is literally nothing

You're fucking stupid and have no long game

You probably cum as soon your Mommy goes to wipe out your foreskin daily

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Checked and green I'd

There is an option to with draw the dai back into your CB wallet,or just borrow another coin against it while it sits.
Your deposited compounding dai acts as collateral for borrowed eth let's say

I mean to borrow you have to put up collateral so...

You might have a point if you were lending more than 100 DAI. You’re literally making tendie bux you stupid NEET

Read up Bizlets.

medium.com/compound-finance/faq-1a2636713b69

Also look into MakerDao Collateralized Debt Positions

exactly. The token that is worth 0$ when they discover a bug in the contract.

Motherfucker .02% is how grannies have been getting rich for years.

You will never be rich unless you truly apply 10 years of execution w compound interest through stocks and this shit.

What's the fuck is .02 interest if btc goes to 100k???

>Hurr .02% is nothing

This is more of that that proto niggerdom mentality I keep spouting off on

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>What's the fuck is .02 interest if btc goes to 100k???
100 * .02 = 0.2

Wow you really got me

>What is How America works for $500 Alex?

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So many green IDs in this thread...

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>green id ^^

Mint is kind of close

DeFi Is StAtElEsS

Having to put up collateral is good and something I 100% agree with.

Boy you got the short end of the stupid stick didn't you.
You know I may be a retard but at least I can still use a calculator

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You don’t get 12% APR on WBTC brainlet

why is borrow apr higher than supply apr, if your supplying your own money shoudn't that give you the most interest since your reducing risk?

God damn you're ignorant that's $10,000 worth of dai

I made $450 in total since May on lending, feels nice. Only $45 on compound in particular

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>why is borrow apr higher than supply apr
because only a fraction of the funds is borrowed, which allows instant withdrawals.
The cost is that interest payments are divided among everyone.
The current utilization is 81%, meaning 81% of all funds are borrowed and earn interest. If the utilization was 50%, the supply rate could be eg. 5% and borrow 10%

Goddamn boy that's enough for two blowjobs and a dr Pepper.
This guy gets it

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what about celsius network tho? isn't it the same thing but safer since it has bitgo n shit?

explain to a brainlet

also fuck niggers

Bump

what about crypto.com? 8% tho i guess downside is its kyc'd

How I put in DAI? There's send but no deposit option

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>cut fag cope
I'm sorry your parents let ((())) mutilate your baby dick. No need to get aggresive.

the site generates metamask prompts
click 'enable dai' first

smart contracts are safer, also no kyc