Bitcoin, DeFi , Yield Farming, and Ethereum Update

fox mining live here so we have almost all the information ready for the youtube to start it does take a little while for everything to get started but guys i do want to say just it's been a pretty great week so far um just had a big rest on the weekend and yet again it's one of those situations in crypto i think this was like the most perfect rest weekend because not too much has happened in crypto to be fair all right to be fair after we'll go we're gonna take a lake take a look at the latest developments of kind of auto fudge surrounding okx a little bit we have file coins still doing its downward trajectory thing but overall this weekend has been relatively calm to be fair and that's a good thing that's a good thing um crypto needs a break once in a while and you know finally we have gas fees like i think that's the biggest surprise this weekend i'm just gonna uh eat gas station that for most of this week gas fees were down i mean wow that's super wow right if you think about it 20 at 20 gui um i haven't seen that for a long long time and i did like the stuff i did on the weekend was mostly to consolidate to get myself out of some weird farms that i've been going through um so i did a little bit like you know you just wake up you're like oh you know gas is cheap it takes like it costs like 70 something cents to do our approval uh finally so it's been good it's been good so it was mostly a rest week for for me and that was kind of the um kind of objective for my personal objective was just get out out of bad coins sometimes you know you you listen to some people and this is kind of cool as well it's like a lot of times you know you this all happens almost to everyone in crypto right where you get this hot tip from a new friend and you're like okay you know what i'll throw a thousand there we'll see how it goes because sometimes especially during the bull market sometimes hot tips work sometimes they don't sometimes they do right so a lot of times i you know i'm just like whatever i'll throw some test money into this figure it out from there and a lot of times they don't work out sometimes they work out maybe 1.5x a lot of times they don't work out sometimes you know very rare times they do a 5x but anyways so i took a lot of time and just said you know this weekend a lot of coins i don't believe in don't care about um a lot of times i don't even talk about them on a channel i think that's another thing as well i only share stuff that i've done proper due diligence with or stuff that i actually care about if it's just a hot tip you know i'll try it i'll bite the bullet but if it fails it fails right but anyways i just got out of a bunch of those like really toxic stuff um yeah that was pretty good it felt really good as well like especially i think like especially during the whole crazy bull run i mean the the the d5 bull run that we had with the whole yield farming spree there were considerable amounts of you know what let's lower expectations a little bit you know let's let's reduce what we're looking for if they have a reasonable sounding white paper and they mention d5 somewhere and yeah why not give it a try and it's to a point now where we realize that completely doesn't work no one cares about that you know like um it's a situation where most things don't float anymore and you gotta deliver some sort of concrete value and this is what kind of setting the tone for the coming month as well i feel like it could be possible that we have a whole month of just you know what yeah it's you know calm down a little bit and that seems to be what's happening overall not financial advice but that's overall the market and then we have um cryptograms and gaming does that been gaming a little bit as well a little bit this weekend was playing some generals at io with the folks on on discord so if you guys want to join discord as well let me just send you guys a link we've been playing games we've been sharing information we've just been chilling as a whole community for a while and i've been really enjoying that with everyone so um that's been cool that's been cool so anyways we'll take a so this session what we'll do is we'll take a kind of uh overview on the markets and we'll just discuss what's what else is up what else is up i think it's kind of interesting and something that's very i think that's good is that overall um the good thing about recently is that the okx fud which was supposed to come did not drastically affect the market that much which is great right i think this is this was the bigger problem as well for a while where okx unfortunately all right unfortunately okx had um one of their senior members um cooperate with the public bureau of investigation essentially he was taken away by the police and that caused considerable amount of fud on friday as the news broke out and as withdrawals got suspended on okx but the good thing is that overall you know the markets kind of realize you know china fud comes and goes right it's not the biggest deal in the world we hope he's okay and i think a lot of people actually really like star most likely the person involved is star i think that's like 95 of the evidence is pointing towards that and star obviously being one of the original founders he was the the big big band in charge of okx you know when before 2017 um okx was one of the biggest exchanges in china especially doing fiat transactions fiat gateways and this is why he also has the keys right so he has a magical keys and i kind of approximately calculated that to be more than 1.5 billion dollars this is by looking up at all the assets saved on okx so he has um the keys to a lot of money obviously this was a big win like this is a big lose for centralized finance right because obviously someone can just be um hold so much power that there's no longer withdrawals on okx but at the same time it's a big win for decentralized finance because none of that actually happens right there's no one figure one person possessing that amount of crypto we do have liquidity pools right you know swap you can make some liquidity pools but at the end of the day you don't have someone with billions of dollars holding those keys and people were asking questions like oh why can't multiple people hold those keys i mean like do you trust would you trust anyone with 1.5 billion plus dollars worth of cryptocurrencies that you can just take away with them there's very very few people who will be willing to do that a lot of people can be bought for 1.5 billion dollars let's just say that so you know that's there we also have the plant where our plants back today i've been doing plant rescue for the most of this week actually um yeah the plant was suffering a little bit so i finally gave it some sun lots of water and finally if you can see it it's actually in pretty good shape like i'm pretty happy i'm pretty happy with the results that the leaves are much stronger um yeah i've been pretty happy but anyways that's it for that's it for the intro uh what we're gonna do is we'll talk a little bit about our podcast um new episodes coming this week and there's been quite a few interviews as well so if you guys are interested make sure you check out bitcoin out of the box that's my only minor show this morning bitcoin out of the box check out that out we have new episodes coming up very soon and preparing some a lot of info as well so guys make sure you click the like button as well before we get started and yeah we'll have a plenty of a good time and thank you all for watching by the way as well it's been really really cool so quickly market review market overview um just a big nothing happened really to be honest i'll be super honest with you guys bitcoin ethereum is just like stagnant af we recovered so like i say from the okx situation we recovered um that's great so we did have a dip that happened on friday but you know what it wasn't the biggest deal no one really cared you can see that little kind of red love you know i was trying to even just now i was trying to look for it and it's a situation where you're like you know what where is that dip where is that dip because you kind of raised that dip already i mean we're pretty much at levels that were kind of like before the dip were here and after the dip were here so it's not not a big deal at all bitcoin just said you know what let the fud be fud who cares who cares right we'll still move on and the same thing goes with ethereum as well if we're sitting pretty much as 375 we're just kind of happy happy there no problem why not and then we have pretty much no movement right if you look at the top 100 coins barely any movement it's just still it's just still i mean if you look at the biggest winners and losers i just racked that up uma sure moved 20 percent but everything else if you look at it okay okay b dropped but then it went up recovered a little bit signifying that a market that fud has been dispelled but relatively everything else is below double digits that's pretty pretty weird right and ample for if yeah it moved up but it moved down again so not the biggest deal in the world and file coin we'll talk about file coin in a second as well because file coins been out on a one-way trajectory down and that makes sense especially if it you know if something pulls a 100x there's not much room for it to go right it you know it needs to let off a little bit of steam needs a little left a little bit of steam and pull off not financial advice but that's that's kind of the case of file coin so overall this week has been more or less calm and this is i feel like a situation that we need to re-get used to we're accustomed to i mean if you remember videos from three four five weeks ago it was insanity right we had double digits like 20 for 10 coins in the top 10 top 100 and you know quite a lot of action but i feel like this is the time where we have to move and we've experienced this before right especially like the the time that i still feel like i remember the most was actually in 2017 2017 we have one of the biggest runs for crypto going up in the history of crypto right that's that's absolutely true and i'll just give you a look at this chart right so if you just look at that insanity right here that was 2017 right but but you just have to remember that prior in early phases of 2017 as well let me just zoom in to here to the july period there were dips there were dips along the way where people got scared and there was nothing around for a while so this is actually quite relevant to what we're talking about now as well where it can't go up but there are periods where it pretty much went down quite a lot as well so that's pretty pretty poor and uh let's see put user so we have a good question and this is something that i would just want to say as well and this is part of the discussion too so terminator waifu news is hex did uh 116x why don't you discuss that laughing my ass off and this is pretty much the equivalent i'm saying you know big connect did insane back in 2017 why don't you talk about that right why don't you scam millions of people or thousands of people sorry not millions thousands of people um no we don't do that because we actually have ethics on this channel so hex is yet again one of those situations where it just came out limited to almost nothing and then of course people picked it up because they feel like this kind of like ponzinomics work very well at the end of the day for something like hex i'm avidly against it and the reason for that is because it doesn't provide any form of value it just says look we're gonna print more we're gonna give you more but it doesn't do anything in external on top of that and that is when it becomes a pyramid scheme now the other difference of hex is that makes it intentionally confusing so then on top of that there are people who believe it does provide external value in which case it doesn't just make it a pyramid scheme it makes it a ponzi scheme so anyways we don't talk about ponzies here so we got hex connect and you know that's the thing with crypto there are a lot of coins that can go up but just because it's audited or it can go up doesn't mean it's legitimate and it could very well plummet down to oblivion and this is something that also happened on this channel too something with something called tweba so i'll show you guys tweba it was very very interesting it was very funny as well but this is the graph for tweba and there are quite a few people who are talking about it they were um very very interested in it and if you look at the volume up too it's kind of insane so this was actually pretty big in china so it started off roughly around one or two dollars and then the market makers picked it and then they started saying you know what this is the best coin in the world um just look at that just look at that run out there wasn't there was no t there was no need to do ta on this coin absolutely no need there were no signs for ta either it's literally a mathematical equation um it was market made to perfection and there were many people who literally made millions of it millions and yeah it's like we saw evidence of that too like i was actually doing some minor research into this and yet again it's one of those situations where this might look good right this might look attractive but what happens is that as time progressed you get a slam that that's what happened that is what happened so just move a little bit boom boom boom everything just one big red candle obliterated and that's the problem with crypto crypto there are no real regulations regarding this and something interesting about twiba too was kind of hilarious too it's um it had as many factors trying to make it look legitimate as possible in fact it had a third generation rockefeller actually not third generation fifth generation rockefeller steven rockefeller endorsing it um you know he he was like i endorsed twiba i welcome you to a very special spot with you that my great uncle enjoyed anyways you guys can watch that it's it's kind of funny but they they literally used a big face they showed it all around china people bought into this mlm style and then just got obliterated just total obliteration goodbye enjoy have a nice life yeah pretty much done so that's pretty much the situation we have in crypto where you do definitely want to be a very careful and recently right recently i drew some criticism for this as well everyone's like you know what you started off being degen first and then now you're being so careful why there's a big reason for that it's because right now the market's just not suitable for being a degenerate right at the end of the day the number of rug pulls is drastically outnumbering the number of legitimate projects in the space so i'd be a lot more cautious so just like the number the amount of caution in my brain right is much greater there's people scamming farmers back in the day weren't as many people scamming farmers nowadays it's just like it's like water right like people stealing other people's liquidity pools it's it's savage it's beyond savage so this is why yeah like for me just personally taking a little bit of a rest break my personal opinion all right my personal opinion this is my personal prediction or my personal thoughts on this is let me just switch that to my drawing tablet which will be actually awesome so my personal take is this right i personally think that we could enter all kind of like uh so this is what happened and we kind of broke off um we're down here so i mean this is the whole defy run this is defy defy unicorn and the problem with defy was that because too many people bought in too quickly as is always how it happens it got too hot and then it just dropped all the way down right so roughly what happened right but now now there's gonna be i feel like there's positive pressure in the coming months and there's a lot going on right there's institutional investment we saw evidence of bitcoin btc buying we saw evidence of eef 2.0 we know that it's going to be a release soon so i feel like the positive pressure could be coming in one or two months it could be potentially there this is why i still have quite a lot of eef etc so this is quite important to remember that crypto doesn't die right there's it goes in phases and waves and i feel like it could take a longer break and this is absolutely possible but in terms of what defy has done right i don't think that should be forgotten too in terms of the ability for us to just go on a lending platform and create synthetic assets someone was talking about lena uh earlier yeah absolutely being able to create a synthetic version of an asset like usd that's absolutely possible proven already by the die and then we can create synthetic versions of everything else and start trading that and that becomes a powerful tool to solve issues so there's so many facets of defy being tackled right now and i feel like we just got a taste of it and it might take a few months and even years for it to come to fruition but this is pretty much the situation of crypto so anyways that's kind of the two cents um i think that's gonna wrap up um a little bit of uh a discussion i think there's a lot of discussion on hex for some reason i don't it's kind of funny um like i said just look at the associations with hex it's all about oh my god we can create infinite amounts of money and i think something that's quite clear here in crypto and this is something i was discussing a little bit earlier on the telegram group as well is that it's possible especially for youtube um it's very easy if you want to succeed in youtube the best way is to generate a lot of drama and we know youtubers who do that and that's entertaining right that's like popcorn entertainment and you know john mcafee too it's um it's very good popcorn entertainment if you like that sort of entertainment but recently i've been kind of moving away from that because it provides no form of value in fact it provides negative value because your brain is holding information that's completely worthless for me it's about being focused on a few good projects that can deliver and if they can deliver i win and so this has kind of been the focus of 2020 you can obviously said see and i've said that for a while that you know during the farming phases my focus was primarily on farming i like this channel we've been consistently producing content for this channel but i also want to make a lot of money right it's like that's just the honest truth right if i focused all my time on making youtube content um yeah financially i'll be mediocre but i don't want to be financially mediocre i want to be a little bit bigger than that so it's kind of been the focus of this year for me to a farm okay and now before farming is dropping down a bit for me right now the biggest focus is finding the best projects going forward like that's been a big big focus and it's been very very profitable for me this year also investing in different projects whether early stage or late stage or medium stage it's been extremely profitable i feel like this is one of the areas where like just learning from a past this is the cradle of innovation right this is where everything like it's kind of funny right all of a sudden silicon valley all those like vcs in silicon valley they've been flocking to the crypto vcs there's a reason for that because there's so much innovation here it's pretty much on top ground so this is where all of a sudden like i am the luckiest person in the world because i'm thrown in the forefront of all this and being able to learn so much along the way i've been very very grateful and i've been very much sharing that information on this channel for a reason because i feel like we're pretty much at that cutting edge right like i know i've said this a million times but i'll say this again stuff like this only comes every 10 years right like say for example recently in the last a little bit more than 10 years was the invention of the smartphone right the first iphone i know we're at iphone 12 now so roughly 10 years makes sense but the first iphone when it came along what happened there was a sudden rise of apps right suddenly on phones you need apps and that was the cutting edge that was when innovation came whether it's instagram whether it's all that uber stuff that changed people because there was a new form a new medium a new opening before that was the social media revolution whereas facebook there was all that zynga games all those like farmville and stuff that was a new era for innovation as well and even before that the internet right the internet marked the start of something new and right here we're we're at blockchain we're at the rise of blockchain the ability to move value the ability for smart contracts to hold value i think this is the strongest innovation too where all of a sudden we can start trusting a decentralized entity you know when we're talking about okx before and a centralized entity holding all 1.5 billion dollars of crypto that's no longer necessary in the decentralized finance world and i feel like this is one of the biggest powers in this place that we just saw the rise of a decentralized exchange unit swap like this is we're at the utter forefront of everything here and i feel like this is an opportunity not to be squandered i feel like if you're like you know it'll be cool it's cool to just like you know entertain ourselves do some drama call people evil but you know why squander this opportunity if you you know if it just feels it's such a waste right if you if you have the ability to create something now or to research something now or to gain assets at this time now is the time so there we go that's that's my two cents on all this um uh why not all right so uh brick says yeah i learned so much um we've been this this space that's been like extremely great especially i think the other topic i know i'm digressing a little bit but the other topic here is being able to understand trading it's like it's something that you have to learn and how to control greed how to how to risk manage and everyone has their own journey everyone has a different strategy that works out for them this is why there are so many different funds and so many different strategies because they cater to different people so sometimes seeing a financial consultant work sometimes just learning like for me i learned this from kind of just brute force right like learning from my mistakes and i made plenty of that i share plenty of that i made plenty of those and being able to spread out that portfolio has now been very very key to my strategies going forward and i think that's that's something everyone has to discover and so i definitely encourage you to see a financial consultant if you don't need to i've done that more personally myself too not too useful to be honest like for me personally i feel like financial consultants they they don't understand crypto so you kind of take some ideas that they have and then take some understandings of what they have but definitely i'm not a financial consultant you should find your own journey etc there we go and almost it says i got lucky i got wrecked in 2013 i learned early and that's pretty much the same thing for me too like um it takes it takes a beating for us to understand um and it's also a clear situation where after learning from 2017 you know i don't touch like when you see a situation like what we have now where there's so many rug pulls where there's so much scam going on um you know it's time for you for for for caution like i know it's it's hard to say that but it's it's it is it's it is the caution time anyways um there we go so uh let's take a look look like a honey swap would take over uni oh my god there's so many honey swap shows for the past week it's kind of funny but you guys all know in terms of being all reasonable and stuff uni invented way too much for them not to have that lead um especially with unit swap like there's rumors of 3.0 coming out the next generation of swapping with acceleration there's just way too much liquidity on uni and too much good faith on uni to actually replace it like realistically speaking like let's be honest that's like not even the biggest uni fans uh uni swap fan but you know realistically sweeping they speaking they distributed enough uni to enough people to get them listed everywhere like on coinbase on binance and stuff on day one they have an enormous user base and it's once that's established it's extremely hard to replace like we've seen sushi swap trying to do that but it doesn't really kick off we saw moon swap we saw a bunch of these swaps trying to replace them they can't take a portion of that market share but it's extremely hard especially when new tech can come out there so anyways um cro and okb took a big dive this week and that's the case right so following up on everything else we have let's just take a look quick quick glance at the news coin and you guys know how i glance at news i i just literally glanced at news so we'll do that today with everyone here um all right so cryptocurrencies to watch this week please ignore that that makes no sense this is like one thing they always post and it's like everyone clicks on it but there's virtually no reason to actually look on it too much they're just basically showing a bunch of coins um yeah it's not really meaningful uh we've got peter schiff's bank under uh investigation in tax evasion probe poor peter schiff don't like that guy is just crazy um seller seller shortage bitcoin exchange reserves plunged as bitmex bleeds on btc we saw a little bit of that it's just bullish your classic bullish news yeah not not too much let's be honest not too much happening in crypto um we got a bunch of stuff towards cbdc so central bank digital currencies after china did that uh everyone's talking about it so china started something called dsep everyone went crazy over dsep there's actually giving that out um for free for residents of shenzhen but right now to be honest it's everyone's trying to play a catch-up game even hong kong it's trying to hunk kong monetary authority is trying to look into a cbdc so that's kind of the situation that everything is going on here yeah not too much um we got some questions about stuck transactions i actually have a very good video on that so check that out but at this point i think it's very rare to have a stuck transaction right with gas prices being so cheap uh if gas station yeah i don't i don't really see okay so it goes up usually what happens when asia wakes up you see gas prices moving up a bit but at 20 like 28 for standard payments that's pretty darn good that's pretty darn good it's not bad we're at a different time guys we're at a different time we're at a cooling time all right no longer stuck recently it's good it's good it's been doing good in terms of yield farming as well i feel like i've pretty much kind of made a big pause i'm still in a lot of the pools like a lot of people ask me am i still yf am i in this one and that one i'm still in a lot of pools i haven't really changed much from a month ago um it's unfortunate that there hasn't been any good new opportunities i can leave my funds in for a week or so uh there were a few like there was one secret one that i wasn't supposed to share and i'm still not sharing it unfortunately that's just like secret uh but that's only for a small portion of my funds most of it's stuck in uni some stuck in yf some stuck right now on cream for the swag finance not too much not too much i mean at the end of the day like i was saying before um there isn't much motivation for me to move farms and we actually see if this actually works yeah like i was saying there wasn't much need for me to move farms from say a small farm small farm like at like say 30 percent now for something moving that to a new farm at 60 and taking that risk it's not as great as when you know back in the day with 300 to 600 percent right this is actually quite clear and this is this was when you need to spend a lot of time right because the difference between this is 300 but difference here now is 30 so it's like it's not as big i mean 30 don't get me wrong it's still money right it's still money it might be a few hundred dollars a day even but at the end of the day because this can incur risk right what if this can steal 100 of your money right what if this is a rug pull and this is where why i'm calming down a lot because it's just no longer worth it to to take the extra risk for that and i'm just kind of sticking with what's a little bit safer on my end that's kind of the situation here so yes i'm the best drawing person on the planet uh on that as well so yeah that's pretty much my crypto story so today what we do have um we do have a few things scheduled so i'm doing a few more interviews few talks learning a lot more about a few things so first of all file coin learning just a little bit not buying all right obviously it's uh and you guys have if you've been watching the channel and following what i've been telling you guys about file coin it pretty much played exactly the way i said it will pay out it'll play out first of all it needed to make noise and a lot of people didn't believe me they're like file coins not gonna make noise i pretty much told you guys because it was so big in china it had to make noise 100 and i said that during the interview i had with crust um i said that a little bit earlier before this was a given because there was so much money invested in fog coin in china it had to make noise second thing i said is i had to push up on day one because all the early investors needed to get out and as a situation where they just had to pump if they didn't pump like i said it was like the darker undertone to that will be some people have their legs broken very likely because you know that's the way investments work in china if you if you don't pump if investors don't manage to get out with your money they will find a way to screw you over um that's pretty much it so it had to move up and move over it did so yeah it moved up but because of the very limited supply of file coin at the start so you can actually look at it um it started off very very high i think in fact on day one that this this this is uh coin gecko is doing a disservice there we go let's find it there we go hello hello hello so it had to move up but at the same time there was a lot of dumpamentals there was a lot and a lot of cell pressure it moved up literally at the sale price was less than a dollar right so now being above a hundred dollars people are going to cash out take profit and because the supply initial supply was low you can kind of see like this is kind of insane as well if you look at the market cap it's 500 it's almost half a billion dollars right now with and with the fully diluted valuation it's at 60 billion dollars and i was just like spamming that out when it first released right because that 60 billion dollars it's actually higher than ethereum right it makes no sense right it makes zero sense whatsoever so dumpamentals came in this plan i don't understand who or what is buying it most likely market makers in china are buying it just to prop it up for a few hours so people can get out but anyways that's that's pretty much the situation it just plummeted all the way down and it's trying to find where it is this doesn't mean that fall coin is useless um absolutely not i feel like it has a lot of potential and power it's just a matter of right now because of all this kind of like um craziness insanity market making that's going on is it's just something i don't want to get involved in but once that's over it's kind of the same situation polka dot once that's over there's a lot of value there so both file coin and polka dot they kind of combine together and ethereum 2.0 and all that stuff they combine together to make the web 3.0 dream come true but yet again it's like you know when do you want to choose to have that exposure becomes a key issue and because you know um because of the insanity now it's for me it's not the right time but i'm learning about it and i'm looking at learning a lot about polka dot as well so it's like on my list of things to research we got dot we got file fill i got uncle phil here sorry i'm supposed to put that in we got phil we got injective um that's new it's it's decentralized decentralized futures and this is actually quite important now because especially after okx and all the centralized exchanges they have their own chain they have their own exchange that's coming up i've also been looking a little bit at oasis this is a project that i did get into quite early on in 2017 and they've been kind of the most legit in terms of the tech right now it's like it was don song and that's upcoming in an interview as well i've been speaking to that and been learning a lot more about para time para time um we all have a talk upcoming with actually today actually it will be a live discussion in around 12 hours less than 12 hours with the guys at fuse so this is something that one of my friends isaac recommended fuse and they're doing kind of real world app usage real communities and usage with a huge community base um been looking at what else have i been looking at persistence or per p if i can spell properly or what is r so it's p p e r all right and that yeah so i've been looking at that um obviously you guys know i've invested in swag last week um that's been doing pretty well to say the least pretty darn well so yeah um um that's pretty much the the research i've been doing um and i'm ronnie weight race is nest protocol absolutely absolutely nest of nest appears nest we've got pretty colorful pens but yeah that's pretty much a lot of stuff been researching this is also why i need to take a break because sometimes you're just like like way too much way too much way too much way too much to look at and to see so anyways um all right we got a good question here as well we got to to to lasario land cases hi michael can you recommend any yield farming project with zero impermanent loss food contracts have been audited and also share your two cents about your project your farming projects and you are your farming so um i'll be honest there are barely any good tools with no impermanent loss it's like free money right because everyone wants free money free money is gone like you're asking a little bit too much i think uh to saris to seriously uh sorry sorry sorry for butchering your name you're asking for a little bit too much um there's no longer free lunch anymore back in the day yes a little bit uh when projects were distributing but at this point if you want no impermanent loss fully audited smart contracts and you want to make money um everything has risks right um here's my take on it if you want audited contracts and you want stuff you can check out why vaults and the rates aren't that great anymore all right so in fact even why vaults aren't even um aren't even uh audited to be fair um yeah unfortunately there there's a lot of these contracts if you're asking for fully audited no risk whatsoever pull money out of your bank and put it in crypto sort of situation no no no it's it's like it's barely anything but for a starter so generally speaking what i've been looking at for a starter if you're okay with less than 10 percent why vaults could be good so you're getting something like five percent on your usdt a few things here to note why vaults is still has strategies and there is a lot of inherent risk so not the impermanent loss risk it's not audited but yet again it's like even though it's not fully audited and they're on their way to get audits rates are low right now like why vaults yeah like curve lps are getting like two three percent three point six percent or if you deposit usdt you get five percent which is barely anything right it feels like it feels bad man it feels bad it feels bad uh but that's just the case right if you want is reduce risk if you don't want any impermanent loss you want you don't want exposure to any coins we gotta live with that five percent and even lower if you want fully audited and even less risk right um so yeah we're at the stage where now high risk um you can maybe get like 30 percent 40 percent um for your money but yeah that's pretty much the case so low risk low reward um cryptogram says avi so from my understanding is that vaults will tap into avi um let's take a look at avi rates but the other issue with lend is that lend is actually also very complicated right that's the other difference let me just take a quick look at avi enter markets everything is low i was like i was surprised i was i was actually quite surprised um how low a lot of these rates are these days um i was looking at like cream like back in the day we'll get like 20 on our bitcoin but not anymore not anymore so yeah avi you get i think for susd you get some good rates here uh 50 but for if you get 0.6 percent i'm getting that right yeah deposit apy you're getting nothing getting nothing yeah it's like it's the well it's been drying up i mean die you can get like four percent all right 3.9 i mean avi's been audited you have no impermanent loss you get three percent it's not it's not terribly exciting it's like i don't know for three percent would you guys save it there i mean or would you just like throw it on something like binance i don't know or just like take it out i'm not too sure anymore too not too sure like the rates are pretty low so yeah um john says just use celsius at that point the biggest issue i have with celsius is that it's all centralized right um i know i'm a hypocrite i'm like there's binance or celsius neither of them are very optimal i feel like um binance will i don't know i'm not even sure which one's better but like celsius is not protected in any form right you have no protection on your funds and you're taking risk i mean you're trying to trust alex um that it will go well and it's pretty much a black box binance on the other hand it should be more safe because they're a bigger entity so you know if if if the deposits screw up then people will naturally try to screw over the exchange as well so if you think about it from a strategic angle right so say if like celsius pulls the rug there's no real consequence but if binance pulls the rug on their deposits there will be consequences because people will screw over the exchange right so they have a billion dollar business over there so they don't want to screw that up but the other flip side of course is also about regulation like this is very very unregulated space so what can happen in the future i don't know with decentralized empties i'm i'm very very suspicious of the centralized kind of deposits and i would just personally just sit here and wait see what happens in a month or two weeks from here and see see how that goes that's my two cents on it um not a very big you know pro guy and uh what about it so uh lrixers is stabilized pretty good too uh stabilized is actually built by one of our community members so congrats to happy psyduck now with stabilize as well i think they need to find something to do with uh with all that like what's the use of stable let me see what their rates are let's see let's see let's see let's see let's see stabilize stabilize no stabilize is not bad um yeah it's not bad got like 50 for susd got 30 for usdt that's actually not bad not bad i still have to look into it i actually i have actually not really looked into um too much into the contract side of stabilize but i should definitely talk to happy side duck about it i think that would be pretty cool um uh so yeah um okay let's see guts and glory hey michael be nice to get another light on right on top of you as a key light i can i mean i can turn on this light here um okay maybe not but maybe maybe maybe i've been thinking a lot i've been thinking about my hair looks like a mess right now so it's a horrific mess but guys uh whilst you guys are watching the stream um please do smash up the likes really do appreciate it it's been pretty cool uh so make sure you smash up the likes um it really does help the channel too it's been great so i think that's kind of today's session i mean it's not too long i know it's one of the shorter sessions there's actually not too much on news front so what we'll do is we'll have another session on friday so we'll do a friday session i mean all the sessions here are here we also have a live event for fuse today so if you guys want to come and tune in a lot about adoption they have communities around the world they are basically building on top of ethereum but offering scaling uh it's one of the projects that i'm also advising but advising with asterix as well so i'm kind of like i'm kind of like trying to push them for a certain few certain things and that's good so i'll really hope you guys will come with um a lot of questions involved especially if you guys want to take a look at fuse they're uh doing their public grounds they have validators set up their tech is actually really really legit but at the same time i think they need to understand the market a bit more which is kind of what i'm doing there so anyways so come in come in tonight with a lot of questions uh it's kind of interesting um the the founders behind fuse are the guys who did color coins um and color coins is kind of crazy because um it's what vitalik did i mean right before ethereum he was on color coins too so anyways it's very very og project so let me set up that event tonight let's see how that goes create schedule stream uh create new one um next level next next level uh adoption uh fuse to view all right we'll do that tonight it will be scheduled uh late tonight um let's see all right that's there i'll have to create the live stream uh image the thumbnail for that soon but anyways i'll schedule that for tonight also whilst we're waiting guys uh send out your esc20 addresses we have the box mining nft giveaway so make sure you uh throw out your addresses and i'll draw one at random so we have the cool nft the box mining original nft this was one created way before the nft ways was popular uh it's kind of insane a lot of people are asking about nfts but yeah we do them give away we don't charge money for them that's how we roll on this channel maybe we'll start an art gallery i think a lot of people are interested in this art gallery idea but for now we have the free and the trees to give away so anyways let's put that down just here done done set this up and let's put the other one here so that's throw down your erc 20 addresses get shareable link and that's for the other one so anyways that's all right let's keep going and then i'll spam your spam your erc 20 addresses on i'll show you guys the cool nft you got and it's actually created by a really good artist too it's um let's see this one show you and senior wallet too so you can it's in the engine wallet collect public um assets uh box mining this is my box mining collection and this is the original og box mining um erc 20 so this is pretty cool so check that out so everyone's pushing that now uh let me just close my eyes and let me just do do do do do do do do do do do do do do do do all right we got oleg oleg congrats for winning so that's good uh oleg that is winner winner chicken dinner um yeah so yeah so that's pretty much it for today guys not not too much not too much i think it's a quiet day and there's no need to push that out too much um yeah so congrats oleg for winning and uh that was his address thanks guys for watching today not too much going on well as by the way um make sure you check out the big one podcast the big one out of box podcast there's more coming up soon and yeah we'll see you guys on tonight actually for fuse and then we'll see you guys for on monday for the schedule live stream and with that guys thank you guys so much for watching