Naomi pfp
Naomi
@afrochicks
guys i have been in crypto for 3 years and things are still TOO complicated please let me test your products and give honest feedback on how to make it at least sound simpler cos i have an actual crypro use case which i know your products can solve but im tired of feeling stupid all the time here 😭
28 replies
9 recasts
132 reactions

Naomi pfp
Naomi
@afrochicks
APYS and staking i have USDC sitting in my wallet which i earn on automatically with coinbase but i know i could earn more with apps like morpho but i dont actually understand what is actually happening and idk if its risky or not so i havent tried it
7 replies
0 recast
12 reactions

m_j_r pfp
m_j_r
@m-j-r.eth
may be butchering this... so the market is gaining capital efficiency by very temporarily making your solid value a relatively dependable, expanded value for someone else (e.g. flashloans https://aave.com/docs/concepts/flash-loans) morpho is legit, I've put some of the Warpcast rewards in, also there are other savings games like @pooltogether that are the same structure.
2 replies
0 recast
6 reactions

Naomi pfp
Naomi
@afrochicks
okkkk this makes sense!!! thankyou πŸ™πŸΎ
1 reply
0 recast
1 reaction

m_j_r pfp
m_j_r
@m-j-r.eth
just a disclaimer: all of these have a risk of insolvency, but the teams running them take that risk very seriously, and sometimes people FAFO: https://decrypt.co/115390/mango-market-hacker-loses-millions-in-failed-aave-scheme
0 reply
0 recast
1 reaction