I will try to share my experiences in the crypto world. I am trying to earn some passive income with it, especially with BSC projects at the moment. I also hold some high-cap coins like BTC and ETH.
In this weeks edition:
The crypto market is restless at the moment. It is unclear what will happen next. Will there be a bullish or bear market. The most important facts:
This article is not about THE best yield farming projects, but the current best projects for me. So what does this “best” mean for me?
As you may know already I share my experiences about my adventures in cryptocurrency land and especially within the DeFi projects build on the binance smart chain (BSC).
Best for me means:
I started with crypto a couple of months ago and would like to share with you how I earned some money with crypto.
WARNING: This is not financial advice but just sharing my experiences in crypto land thus far.
But first this …
There is no good or bad strategy I think. It all depends on the goals you want to achieve. And there are always (high) risks involved when investing in crypto land. Some strategies are more risky than others. Another note is that this is not financial advice. Always do your own research. These are just the levels…
It has been exciting weeks and a lot has changed for me. At least in the number of projects I still invest in.
It will be a exciting couple of weeks with China getting rid off more BTC mining companies and Binance have a hard time in the UK and maybe even Europe.
I have quit quite a lot of Polygon and Binance based farming projects, basically because they cost me more money than they earn me. The yields are high but also the risks of impermanent loss and the token prices dropping fast. …
Do you also find it hard to find and select the yield farming projects you want to invest in? Switching between projects because the other project has a slightly higher APR?
Updates on article
23–07–2021: Added AutoDiversify option in AutoStaking product
16–07–2021: Added the AutoStaking product
I found a new project that still need to add more services, but has great potential to help you in this dilemma: Feeder.Finance
The documentation of Feeder.Finance states: “Feeder Finance automatically diversifies your investment across a selection of platforms. Investors enjoy an automatic, efficient and low-risk yield.”
I like the idea that the pool…
This short article is about my 6 favorite defi yield farming projects (at the time of this writing). I have chosen these projects because they seem sustainable (for the moment, because as you may already know crypto land is very risky) and the earnings each day are good for me.
I will start with my two oldest projects. In fact these are 2 borrow and lending platforms. I use these platforms for earning interest on some coins and they have good interest rates.
This will earn…
This is general beginners guideline of using “swap” yield farming projects on Polygon and Binance Smart Chain (and probably on other protocols the concepts are the same as well). I call them “swap” projects because in my opinion they all have the same concepts as Uniswap on Ethereum, one of the first AMM projects in DeFi land.
I will explain the following basic functionalities of those projects. Not all projects have all these features but this is a list that a project can support.
When explaining these features I…
This is a short guideline about installing and configuring MetaMask.
MetaMask is a software wallet that I use a lot when YieldFarming on the Binance Smart Chain, Ethereum and lately Polygon (formerly known as Matic). Because it is used in a lot of articles I decided to write a separate story so that I can reference it.
You can download MetaMask here.
The MetaMask wallet is…
More and more Polygon (MATIC) projects are popping up.
This is a short guideline how to send BSC BEP-20 tokens to the Polygon network. There are a couple of ways to sent your tokens from Binance Smart Chain (BSC) network to Polygon (MATIC) network. For some you must pay a lot more transaction fee. This article will show some possibilities and also the cheapest one(at the time of this writing).
The $MATIC token address on BSC: 0xcc42724c6683b7e57334c4e856f4c9965ed682bd
Within BSC you can swap $MATIC on ApeSwap: https://dex.apeswap.finance/#/swap
Note: I tried on PancakeSwap…
Every day I check my DeFi projects, but today I ran into a big surprise. It made me sad that people do this shit. But that is the world of crypto, there are people with bad intentions. I wrote about SODADeFi
Today the BNB balance of SODADeFi went to 0 ! Just like that.
Was this a rug pull or just an exit scam?
Well to be honest I do not give a shit what it was. The result is the same, I have lost money. Fortunately I did not loose a lot, because I still followed some basic rules: