6/22/2023 0 Comments Defi coins 2021![]() Especially for the traditional dividend and passive income investors. If crypto held its own, and wasn’t so volatile, it is easy to see how DeFi would give traditional finance a run for its money. When investors start digging deeper into these decentralized finance firms, most of them less than five years old, they see that a parallel universe of finance is being built. But the yield looks to be around 1.84% today, which is somewhere between DAI and USDC, with the potential to make more. By the looks of it, it’s not going to make retail investors rich. It shows the profit that was made by the bot versus the number of users. Sigmax’s website updates how well its bot is doing. Their APY is between 1% to 6% depending on market volatility, but the concept of arbitrage trading - nothing new for Wall Street types - guarantees that any trade executed by the Sigmax automated bot will make a profit as it it designed to find trading discrepancies across exchanges. (Sort of like a quant fund’s algo-driven trading system.) Sigmax.io created an arbitrage trading platform with the yield seeker in mind. ![]() “Instead of depending on just price here, it’s actually using a market index that measures traditional market volatility so that when there are periods of volatility in financial markets, there are more MARK in circulation or given to MARK holders to be able to provide more stable liquidity out there in the market.DAI and USDC offer a lower rate (2% and 0.15% annually, respectively) but it’s the “best choice for the users that do not want to risk the volatility,” says Wallis. ![]() ![]() The last coin on Merten’s radar is Benchmark Protocol (MARK), which is an elastic stablecoin that adjusts its supply based on a basket of fiat currencies (Special Drawing Rights) as well as the volatility index (VIX). So a Uniswap solid platform, the ability as well to build lending platforms and borrowing platforms that allow people to lend and exchange Bitcoin in a liquid fashion and use Bitcoin as real money in different types of programmatic functionalities.” “The Stacks platform going to create the ability for people to build smart contract-style applications on a secondary layer above the Bitcoin network… Not just focusing on payments but building out an actual framework to build applications like you see on Ethereum. The next coin on Merten’s list is Stacks (STX) which is a project that seeks to bring a killer use case to Bitcoin. If you bring about layer-two scaling through optimism or optimistic rollups, where you’ll be able to reduce gas fees to practically nothing… If you have these two features here, you have the perfect storm to build a vortex of liquidity sucking into the Uniswap protocol to make it the ultimate exchange that the vast majority of users can use.” If we have Uniswap v3 launching this month where you have features like single-sided liquidity where you can provide liquidity to a liquidity pair, any type of trading pair within its automated market maker, where you can provide your tokens and earn fees over time. “Uniswap has a really unique position here when it comes out with Uniswap v3. It’s just waiting for that catalyst moment where some of the larger-cap plays really start to pop off.”Īs a new altcoin season heats up, Merten says the first coin that he’s buying is decentralized exchange protocol Uniswap (UNI). This means that a lot of that liquidity can start to circulate to other cryptocurrencies and again play into the discussion of the secondary phase of the current cycle that we’re in… If you haven’t been seeing it through NFTs (non-fungible tokens), if you haven’t been seeing it through DeFi, if you haven’t been seeing it through oracles and all the other facets of the altcoins space, the optimism is here. “ is over a trillion-dollar asset in valuation.
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