#Coinbae

What is DeFi?

Decentralised Finance (DeFi) activities have been at the forefront of technological innovation in the blockchain space. What makes DeFi applications unique? There is no need to set permissions for such applications to be used. Anyone (or any product, such as a smart contract) can interact with it, as long as it is connected to the Internet and has a supported wallet. In addition, DeFi applications usually do not need to trust any custodians or intermediaries. In other words, they are decentralised applications.

Is there any risk in liquidity mining?

The only risk is the devaluation of the virtual currency, but we use USDT, a virtual currency that pegs cryptocurrencies to the fiat currency, the US dollar. TEDA is the stablecoin.

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Advantages of Defi: "high transparency", "certainty", "decentralisation", "safety and security of funds", all in your own wallet.

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Defi calculates the profit of liquid mining: the product rate is once every 6 hours, i.e. 4 times in a 24-hour natural day.

Example.

100USDT-999USDT yield = 0.03% - 0.05%

1000USDT-9999USDT yield = 0.06%-0.09%

10000USDT-19999USDT yield = 0.1%-0.15%

20,000USDT-29999USDT yield = 0.16%-0.2%

30,000USDT and above yield = 0.21%-0.3%

submitted by /u/Square-Peace4637
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source https://www.reddit.com/r/btc/comments/rp4x8x/coinbae/

I was told to start young

submitted by /u/gianny-cc [link] [comments]

Is Bitcoin the best way to short the US Government specifically?

Would rather not get to crazy with treasuries or naked shorting, or any other complicated derivatives. Just a simple, clean, and explicit way to bet against the treasury, FED balance sheets, US Government et al…

submitted by /u/chanman2087
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No BIP39 in bitcoin core?

Why are bitcoin core developers so negative towards BIP39 aka seed phrases?

submitted by /u/bitcoinuser2
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How the current economy “works”. and why wee need a new and decentralized system (Hint: Bitcoin!). ELI15:

How the current economy “works”. ELI15:

1) You give your power to a politician or central power to “manage” your economy.

2) They charge your credit card for everything and anything they can think of (including their own expenses).

3) For every $100 they charge to your credit card, increasing the debt without limits, they keep about 30% as a “convenience” fee for their trouble. Plus other “expenses” “administrative” costs and “commissions” to a long line of middle men. Totaling about 70% final cost.

4) They “give” you a total value of 30% ($30 out of your debited $100) for cash, payments, “assistance”, goods and services.

5) Rinse & Repeat: Borrow more, as much as they "deem necessary”, without a credit limit (or just raise it to infinity).

6) ...profit!!! ^{...for them!!!}

Their only concern is to keep you relatively “happy”, complacent and uneducated to get reelected a few more times, make bank, then retire without a single worry because the broken system is not their fucking problem anymore. “I got mine, fuck you!”. The next people in power will need to figure out how to fix it or just continue till it implodes, as history shows.

submitted by /u/s3k2p7s9m8b5
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Which crypto exchange in your opinion is the best & doesn't pose the potential of exit scamming?

Need your constructive recommendations. Thanks!!

submitted by /u/yungdenzel
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A bitcoin maxi just attacked bitcoin

submitted by /u/xupitertolv [link] [comments]

source https://www.reddit.com/r/btc/comments/rp4s4f/a_bitcoin_maxi_just_attacked_bitcoin/