Bitcoin, DeFi , Yield Farming, and Ethereum Update

what's happening in the cryptocurrency space today is a bright monday morning so we have it's hong kong's monday so we are at september the 14th over here and we're starting a new week so quite exciting quite exciting and we'll do a recap on everything that's happening crypto like just on this weekend there was a lot of action prices wanted to shoot up we saw everything trying to move up ethereum almost trying to move up to eight four hundred of 800 400 again and then we got a little bit pushed down over the past few hours so i'm pretty sure everyone's wondering what's happening next we'll try to answer some of that as well in today's episode we also have more launches on the binance smart chain this new narrative is also coming into play and we're going to take a little look about how do you even use the binance smart chain because it's not as easy it's not as one click as most people think it is so you know we'll answer some questions about what everyone's thinking we'll talk a little bit about you know everything that's on there like cream and burger swap and all that jazz that's moving on to binance smart chain and how all this whole ecosystem will play out we'll look at some memes and some thoughts going forward i think it's funny in crypto everything's almost communicated through memes right now so we'll look at the memes surrounding burr sushi swap not burger swap all right with all this stuff like this is kind of funny because you know if you talk about crypto i'm pretty sure if you guys watched this for the first time you could be like burger swap sushi swap sashimi swap what's wrong with this guy like seriously what is wrong with this guy talking about all this stuff food related and there are an excessive number of food related memes and also exchanges right now right because technically sushi swap is a full-blown automated market making exchange same with burger swap and all that there's something seriously wrong with crypto seriously but anyways regardless we'll push on we'll talk about all that jazz we'll try to make this episode to answer a slot as many questions as people want i think recently something i've been realizing is that this episode and these live streams are really designed to be first-hand accounts of what everything's going on but at the same time some people have no clue right it's so hard to follow because i've been in crypto for you know this entire run and as you can probably tell for the past few weeks and how tired i was the past few weeks we're pretty much working 15 to 20 hour days i barely getting any sleep um and that was rough for the past few weeks this weekend for me i just said okay i'm going to chill out let's take a little bit of a break uh it was a little bit too rough last few weeks and with the market cooling down a bit just a lazy sunday lazy saturday finally went out went for a run actually so just doing the stuff that i promised myself i would do so that's kind of the gist of things now it's cooling down a little bit which is good which is right now the current scene in crypto like there isn't as much fever and with all the new projects being launched the ratio of scam to not scam um it's getting pretty high there's more scam more and more scams appearing which means that you either have to double the time or you just avoid it altogether and i chose the latter i chose to just kind of avoid the whole kind of overgrowth of new projects for the time being but anyways that's pretty much it i hope you guys did well today um i think a few hours ago there was the linear finance sale so congrats on anyone who got in and managed to do it it was apparently 40 times over subscribed so yeah crypto fever is still super present and around and we definitely want to make sure we're on top of everything so i'll do some housekeeping before we start this episode so very quickly i got this episode prepared for you guys so tomorrow we're doing a talk with chandler sung and ryan fang typo there actually i need to change his name spelling but these are the guys from anchor and also bounce so bounce is one of the newest platforms for token sales right now in the space and something i really like about these two guys when i was editing these up i was like oh my god that's like three asian dudes right but apart from being three asian dudes um something that's quite interesting about both ryan and chandler is that they're both very hard working and they also know and try to predict what's next in crypto and that's what i kind of titled as what's next in crypto with chandler song and ryan fang it's because we kind of want to keep up to date not just up to date but also kind of predict what's up for the future right because you you don't want to just like buy someone's 10x bags all the time you want to kind of predict and be the guy who actually does a 10x right that's the obvious solution so i'll be picking their brains a lot they're based in silicon valley so the other side of the world and uh i'm gonna pick the brains about what's kind of hot right now what you know with them keeping ears very close to the ground what's up hot on the other side of the world and what's really happening so i think that would be a really great chat that will be up tomorrow so same time tomorrow september the 15th that will be the time for you know so make sure you check that out and watch that so we are there let's make sure that this is fine um let's see my chat is actually out of date so let me just make sure that we're on the chat for everything here uh in terms of youtube so there we go so that will be tomorrow's um tomorrow's chat so anyways i'll take a look at the chat as well it seems like um there's a lot to do and people are asking about yfv and cream and all that stuff so we'll go and talk about this whole d5 stuff there's definitely a lot of risks involved with d5 i mean just just off the note this morning it's just like every morning you wake up check the prices and make sure that my farm's okay that's kind of the front routine now so anyways it's it's a lot of work anyways um that as well i just want to tell you a little bit about just before we start about my podcast so podcast is still online but for some reason some new episodes aren't showing up but we are um adding more and more episodes this week it's called bitcoin out of the box because well box money and i wanted to have the name bitcoin in there so bitcoin out of the box my podcast the whole idea is to bridge the gap between privileged institutional investors and the rest of us in this space and we've been doing a lot of interviews and a lot of insights so we have cz up there we have ramp defy up there we have the state of defy serum with sam from ftx he's become such a dominant player now so you know we've been getting on these interviews fast before all the action really starts and that's that's kind of the take and the best part about it is that you can just listen to it whenever right so you can go on podcast spotify you can go on apple podcast you can go google podcast whatever listen to it on the go that's pretty fun that's pretty cool anyway so let's start the episode properly now let's go to coin gecko take a look at the markets so like i was saying ethereum bitcoin and a lot of d5 projects took a little bit of a dump so this shape will be quite familiar to you guys where there's a little bit of a dump here but we're trying to recover off that so it's more present in the ethereum chart a little bit more present so just yeah just yesterday we're trying we're trying very hard yesterday night but most of sunday we're trying very hard sunday saturday trying to push to for above 400 again but yes we unfortunately got rejected so at around 390 we saw some solid resistance and then we got rejected off that plummeting down to around 350 dollars sending some fear into the markets but we found support there support was reached it's not not bad that's not the end of the world not crypto is not dead yet and then that was moving all the way up to 366 to where we are right now so overall my take on this current market is that with ethereum on all d5 projects it's extremely volatile because we're kind of at the edge of innovation so i want to kind of mix that distinction a lot of people kind of attribute like you can see the same pattern appearing for bitcoin as well that is also true but what i want to do is like throughout this longer period of time so we see the same dump and the kind of slight uh we saw the support as well for bitcoin and then moving up again so there's a strong correlation between bitcoin and ethereum but what i do want to say is that these projects all have very different end goals and i think this is something that's confusing a lot of people in the space bitcoin itself is mostly about decentralization it's the most decentralized project it has the most number of nodes and miners also so it's even have the separation of power as well between the nodes that communicate and also the miners that create blocks ethereum the same almost the same deal but ethereum is trying to move to a proof of stake mechanism and also it's more about innovation it's all about being able to allow smart contracts it's completely turing complete which means programmers can program anything anything of their dreams and this is what the kind of innovation is happening on ethereum right now where people are creating a lot of decentralized finance projects right so that current narrative i think we need to break away from that long-term goal where all cryptos are related i mean i think people think crypto and i think bitcoin ethereum oh my god ripple finance whatever right so we kind of need to break away from that chain of thought and have evaluate each project as it is because at the end of the day i think they're so different it's not even apples and oranges it's like apples and red meat they're not the same thing right so anyway so overall there's still some projects are are in the green in the past 24 hours waves kusama aragon loop ring ample forth ample forth is a kind of funny one i've been using ample forth as the literal canary in the minds it's if ample forth is pushing up that means the markets are doing really well while uh when it goes down it's like yeah reason being is because ample forth i personally think don't have too much value it's um it re it's a rebasing coin per se but it doesn't really have much value overall so if ample forth really moves up that also tells me there's a lot of hype in the market because ample forth can have a lot of the hype so when it's above one it's like almost like for me it's like okay there's a lot of hype going on you got to be a little bit careful and that's kind of the storm is coming but at the same time when it's down it means okay okay interesting times so that's kind of my canary so ample forms a up but it's not above a dollar which is also quite important too but anyways regardless of point we have a lot of defy projects on the downside so nexus mutual sliding down 15 points but this is actually quite expected because nexus mutual has been pushing up quite a lot recently so that pullback is kind of expected same thing with iost and defy.money so defy.money also made this crazy push this weekend so both defy.money and yearn.finance also made some strong pushes this week this week weekend and throughout this week so you can see that overall it made massive gains for in the seven days so in the last seven days it's up 34 but in the past 24 hours it's down 12 so that kind of pullback is expected for anything that was pushing very very strong this week of course not financial advice anyways you guys probably know that from watching infinite episodes but that's kind of the story that we're here so a lot of the defy projects are up and down or they're up on this list of the negatives so they're just checking outside it seems like it's raining but anyways um so yeah a lot of the defy projects like sushi blocks that thora chain all defy banned defy defy this is their own project algorand but they're catering also to defy rsr also defy so defy has been being pretty punished the last 24 hours as people kind of pull back take profits a lot of people are likely to take profits at this current point why not because you know if you're up why not take a little bit of profit go treat yourself that's the strategy so anyway so that's kind of the current story about what's going on and the current markets we'll take a look at the comment section just to kind of calm down feel where everyone's at we got thoughts i'm banned i actually haven't touched ban for a while now so i'll actually have to do like in terms of videos um i'm super behind on videos i'm so sorry guys um it just turns out to be a case that i'm just doing way too much every week so in terms of video production that actually got put back a little bit but i'm still keeping all the sunday and the these streams so let's go so these live streams i'm trying to i'm definitely keeping these so basically monday 11 and friday 11 p.m um a.m hong kong time or if you're on new york side or american side it'll be p.m but anyways but i'm keeping these streams up because well yeah why not so they're a fun time to catch up and i think i think it's like during the most busy times i have to spend an extraordinary amount of time to research new projects for myself personally because i am very very invested in this space um which means that unfortunately youtube has to take a little bit of a back side because that's just unfortunate part but anyways um keeping up with this we got bernard in we got angela wang thank you guys so much for being mods as well by the way guys um really really appreciate it we got all the part members of the box team team box mining with the smiley faces guys thank you so much so much for watching really really appreciate it just gonna take it a little bit easy today as well i think recently i've been trying harder to have a little bit more balance in my life that's kind of key uh when d5 first started i think the narrative was actually quite funny as well i'm gonna just move this is actually tape this is kind of funny i'm gonna move this away from my table but uh when d5 actually started um i would admit that i was a little bit late so um a lot of people who were investing heavily in january or february of this year they are doing phenomenally well all right um most of their bags are probably pumping 10 20x by now i got in a little bit late so it really started with the wifey mining so a little bit of curve before that if you guys watch my videos you'll probably know that i was in curve before the whole wifey mining thing started but once it the whole kind of d5 season kicked into full gear i was on this like trying to catch up and also getting ahead of everyone else as well so that was where all my time was spent so if you look at the videos of wifey mining and the whole eel farming thing and everything going forward it's been a little bit crazy we'll talk a little bit about eel farming now because it's on everyone's mind and i'll share with you some information going forward so first of all foremost obviously wifey you can't really find farm it anymore so this is uh this is the og and the starter and a lot of people have been asking me uh why gov that finance actually is the one so um a lot of people have been asking me look if they have spare eif or they have um like kind of just coins lying around what should they do with it so it's to a point where give me one second why earn the finance sorry i'm old i'm too og so it's to a point where the easiest way to start obviously is with why earn finance um not financial advice this is where if i don't have anything going on this is where i go so if you go to vaults you'll see some rough apys for what you're doing and you can deposit a bunch of coins so ether you're getting around 20 percent wrapped e for the same summer story and you have the curve coins curve lp coins etc that you'll be getting less than 100 now so if you look at these rates these rates are starting to become more and more normal because back in the day it would be absolutely insane so even with something like the curve lp tokens it'll be at 200 and when wi-fi was first start being started that was like a 20 000 but anyways that's kind of the current sense um current take on what's happening it's not as the rewards are no longer as great as before but they're still present now why votes are not the most aggressive out there so they don't go to every single new project but they kind of farm what is more or less more proven all right so you get a little bit more safety there but it's also still quite dangerous relative to something like banks etc this is why you have higher rates it's because at the end of the day what's happening when you deposit into these y vaults of course is that these funds are being used to mine to farm and if anything happens with that project as well well these walls are going to suffer too so that's the kind of current take we also have an update this week with sushi swap so sushi swap was one of the higher yields that i was getting so from most of last week i was farming the crap out of sushi swap and more with the kind of weirder coins as well like umami squid bandosaurus ample chicks synthetic snakes um based bull they were all having around higher than a thousand percent apy but now what's happening is that sushi swap the rewards have dropped so right now rewards per block is a thousand sushi but previously it was 10x that it was 10 times this amount so right now sushi has basically essentially one-tenth of its original rewards and these numbers reflect that so you're having tether turtle at around you know 70 percent so that's kind of the current case that's happening here where we see these declines of rewards for sushi swap which is promoting and pushing people to other swap platforms so this is the part where it's all about the chase now so if you want higher yields you want to chase new projects but that chase when does it end and how dangerous is it so i have been also chasing so one of the projects i've been chasing is moon swap which is just pretty much doing the same thing um let me just make sure that i don't get the wrong website here i'm always very careful so moon swap is one of the projects that i've been chasing a little bit um rewards were high so something like um the umma one was really really high for a while while so umma was sitting around two thousand percent for most of this weekend and um on friday so yeah i was enjoying some of these for a while but um the rewards are kind of like finicky um with these ones you're getting above a hundred but it's not i think the one thousand plus days are starting to become over for the yield farmers so that's kind of expected it's sad i would say um you know uh it's always a little bit sad to see these insane rewards going away but i don't think we expected it to last forever a thousand percent apy literally means your money will 10x in a year all right that's beyond too much that's beyond too much i mean we'll double your money in a month that sounds like a scam already right so in that sense going down in the rewards going to 100 apy or something like 200 or 400 for these more rare coins that's kind of expected we also have cream that i was farming quite heavily and cream i'm farming heavily mostly because i feel like this project can actually achieve something so in terms of the pools i was in i was actually in the uniswap and the cream swap pools for both these projects but recently cream of course took a little bit dip so this morning um i saw cream swap took a 30 dive to 170 i was like initially oh my god that's not good but at the end of the day i'm still up a lot because i was farming this ever since it started which means i have coins from much earlier on and also because of the rewards that they were so high at around a thousand ish or so for a long period of time that means i can eat up a drop in the price of the cryptocurrency tongue tied i can eat up a drop in the price of the cryptocurrency itself because i've been enjoying those rewards for quite a significant amount of time so around almost for around two weeks now so yeah that's been doing pretty well to say the least so right now it's um i would say with the whole yield farming thing it's much higher risk because for the older projects the rewards are getting less but at the same time the newer projects are highly highly volatile i've had a million recommendations for projects to check out etc and a bunch of more food based memes and i've been just saying you know what this weekend none of that you know that's that's done i had a few friends that were in projects like malta apparently that just pulled out exos scam already so because the scam ratio is getting higher yeah it was time for me to say you know what just take a take it a little bit more slow the scams are more and more present now they're trying to target farmers so just be more careful if you guys are new to this and you guys are wondering okay look box is showing me all these super high rewards especially these ones these ones are the scariest because yes they have the highest apy but at the same time the currency price is extremely volatile so in that sense just be extremely careful there's a video on something called impermanent loss this is something you have to be very aware of you haven't if you haven't heard of it before um d5 playlist up here or i'll actually send it out but that actually explains a lot about what's going on impermanent or and loss but it becomes extremely important and um judging by the fact that people are watching a lot of it that's pretty much done so yeah that's kind of the current take on everything here and the last thing i want to touch on is just burger swap and the whole binance smart chain thing so i'll start on that in a sec after we'll do a little bit of comments and we'll kind of have a discussion on this so the impermanent loss one i think you definitely have to just just watch and just understand so roy hacks are says can you explain the dangers of pool two so pool two are basically the pools that are highlighted so they're they are like the ones of moon and eef the issue here is that it doesn't happen with all coins but with a lot of newer coins what happens with pool two is that because at the start a cryptocurrency when they start mining it the supply is very small so let's say a currency is very very small supply that means the price can be extremely volatile so that's the problem of pool two so if you're in pool two you're subjected to that volatility of that coin so it could be 100 possible even without manipulation from the founders that a coin can dump 99 if a coin dumps 99 and you're in one of these pools here you will lose all your money not even the eef so even even if it's like a pair with moon and eef your eef will also be gone just because the way impermanent loss works so i have the entire video explaining what that is on on a side i'll put it i'll put it up there on the defy playlist but that's the kind of gist of it so if you're in one of those pools and moon just drops or something like moon just goes straight just crashes into the sun or something like that then yeah then they'll blow up and everything will be in flames not saying that will happen to moon project okay not this in the moon project but that's one of the issues with impermanent loss and you have to be paying attention to that so that's the risk of pool two now with pool one is a little bit safer but recently recently the trend has been that a lot of people are cloning sushi code and the issue of sushi code is that there is a clause there called the migrator actually not my clause it's a function called the migrator that can essentially take your tokens so whatever you stake whatever you farm with if it's based on sushi like all these projects are like the captain contract etc there they can contain a migrator clause which can just steal your entire you know all your coins so that's the kind of a negative trend a lot of people have been forking sushi and the result of that has been that the migrator clause can be there the way to check of course is like a lot of times when you go and check the contracts here so you had i had the captain contract you can also check it against something like the sushi contract so you can go sushi swap and then we can go to master chef contract um you can check the code right so the cool thing is you can do a diff compare and use diff checker so you can say like okay i'm checking the code difference between sushi let me just make sure i get the right one so the master chef contract check this one and check that against the captain the captain contract right so you can find the difference and you can actually look at what's there and what's not so this is one of those strategies you can see how much they changed in terms of the code so on this side on the left hand side is the sushi contract and the right hand side is the captain contract for something like moon so you'll see the primary differences here um you'll see a lot of new codes being added you can see that they still have the migrator yeah yeah you still have the migrator contract there so if the migrator is being there so this is the migrator star and they have to take a look at what's um the clauses so now now it becomes hard right now if you see a lot of changes that's when it becomes hard if they just made like three or four changes it's very easy to analyze a contract but if they just if they added a entire kind of a stack here this is when you've got to call your ethereum slow to develop like yo what's up what did they change because it's really beyond the scope of what technically can be done in a minute but a lot of times sometimes when you scan a contract if this if they just change like three variable names that's fine that's like the same thing right but something to pay attention to of course is that when sushi deployed a contract because they have a migrator in there they also added time lock so it kind of prevents uh outright scam or theft of tokens but but not all contracts copy that time lock so this is when it does become dangerous and there are developer pull rugs that purposely target farmers and try to steal their coins as well so just be extremely very careful here you have to ensure that there's a time lock if there's a migrator in that contract pretty much so anyways that's kind of the thoughts on uh yield farming and all that welcome guys by the way we have 624 people here welcome welcome welcome guys if you guys are new here please smash the likes and if you guys have any questions as well like this is a brief introduction of how i look at stuff and what i try to analyze and i try to form and get some friends to also look at contracts before i start mining so i know i'm actually safe but if you guys have any other questions etc make sure make sure you just type them in here i definitely want to know what your concerns are going forward we'll touch up the next subject which is the binance smart chain very quickly here um what what the hell is binance marching so binance created a new chain that is ethereum compatible so without reading too much into it i'm sure you guys know but binance smart chain is ethereum virtual machine compatible which means developers can just directly copy paste code that they wrote for ethereum using solidity and just directly paste that into binance smart chain and make it run that is extremely powerful that means projects can immediately deploy the projects on binance smart chain or or they can also just copy someone else's code and try to fork their own version on binance smart chain so that's kind of the power aspect of it so it's essentially like ethereum i do want to make a kind of a difference and separation here that's very very key which is that binance smart chain is not the same as binance chain all right the the smart word is extremely important because they have different addresses they have different functionalities and if you try to if you mix these up if you accidentally in your brain mix these addresses up you'll be in a world of hurt because they're not the same chain they're not the same project so i've seen and there's been messages in the past where people have been sending thousands right tens of thousands of dollars to the wrong chain and it can get lost forever so just be very very careful here when talking about binance smart chain this is the new chain that's being launched and it's ethereum virtual machine compatible so anyways what's the difference here what can you do with it well one of the interesting things about binance smart chain is that you can also use metamask account so you can use binance smart chain you can search metamask um there and i'll have a i'll have a documentation up for this as well but if you install metamask you can directly use uh your binance smart chain which is actually pretty cool which is pretty cool let me actually move this over let me move my metamask over so i can show you guys this on here so let me see if i can move that over okay that's fine that's fine that's fine that is fine all right so here so that means if you're on metamask you can go and create a custom rcp so this is a very quick tutorial for you guys here i just need to copy a number here too i've been doing i this is i haven't done this on this computer this is why this computer is awesome it's because i can show you guys what i've been working on over the weekend um oh there you go come on this is where binance has the worst documentation so first of all you need to um you need to buy a smart chain address here we go we put this here so network name binance smart chain uh rcp chain is id is 56 and then let me see if uh metamask screws up yep obviously it does okay it doesn't matter rcp symbol is bnb and plus save so now you can connect to the binance smart chain and the kind of interesting thing here is that if you say you go to cream dot finance you can see two interfaces pop up so now that i'm on binance smart chain the network depicts i'm on binance smart chain and you have an entirely different set of coins so you can now supply something like wrap ether or litecoin or ripple or link onto binance smart chain based uh cream or you can switch back and go back to ethereum mainnet here boom pop that back to mainnet and you can be on ethereum assets too so that's kind of cool so that's one thing about binance smart chain that you can switch between the chains and you have the exact same address as well so you'll keep your cryptocurrency address but just make sure that you understand that's not also ethereum binance smart chain is not ethereum chain even though you have the same address you can switch between them which becomes super powerful but anyways i'll do a full guide i've come um doing this i kind of realized that it's actually quite hard but the advantage of binance smart chain is that it functions almost like ethereum but it's much cheaper right you're using bnb as your native currency so not ethereum but bnb as your native currency but also when you send a transaction it is much much cheaper so it's roughly 10 in a sense if you just want to send a transaction and if you want to do a smart contract interaction it's around 10 cents so it's much much cheaper than ethereum where you're fighting for like eight dollars ten dollars in terms of fees there's also burger swap that i've been um at so burger swap i'm talking about this here but we'll do that a lot more later i mean oh man the website the website guys this is when google fails us completely um anyways burger swap the arc there we go so on burger swap you can just connect to the bnb one and it pretty much looks like unit swap outright the bat so yeah you can just swap between cryptocurrencies like bnb and burger bnb and band so they're essentially building another exchange that's kind of the power of cryptocurrencies where you can essentially copy paste code bring it onto another project and essentially run an exchange within days and that's the power of decentralized finance at its current point because a lot of projects are open source why not right why not just copy and that's the power of it people can copy code and as long as people start using it bob's your uncle you can create an exchange just like that i mean that's insanely powerful insanely scary as well and i think that's the kind of craziness of defy everything is moving so quickly and when a project and because everything is open source i actually made this comment because everything is open source that means everyone has access to that code and anyone else can copy you and innovate so that means it's great for us like the entire community overall it's going to push defy over to to at breakneck speeds because things get copied innovated improved upon iteratively improved upon for a huge amount of time but at the same time that also means that this market is going to be very volatile so if any project they're great but if they don't innovate themselves they'll be quickly buried within just weeks at a time and that's exactly what uniswap did you know they had the code they open source did sushi swap just copied that add a little micro innovation on top of that and then boom you're great and now moon swap is caught micro innovating on that as well and you have a lot of innovation but at the same time you have you know projects just fighting each other and i can see this trend going on i think a lot of people don't like this trend because you're constantly chasing the next kind of wave and figuring out stuff but the kind of crazy thing is it's the fastest for this industry to grow so it's the fastest way for this industry to grow and it means we all have to be on our toes all the time both projects have to constantly innovate and us as people who are involved in the space we're always looking for the next breakthrough someone creating something a brand new idea taking that innovating on that and becoming better and that's unfortunately the case some people don't like it of course because if you do have your head stuck in the sand oh that's gonna be troublesome guys that's gonna be troublesome so yeah um so i think it's pretty it's pretty a savage place actually um i think i see that on twitter a lot a lot of people are actually quite angry that you know their favorite projects that's been around for years that don't get as much attention right now but the nature of the game is because defy is moving at such a breakneck speed if people don't copy innovate and they don't innovate on good ideas they're gonna be left out that's just a sad fact of what's happening right now with this whole wave you have to be in front of the wave rather than behind the wave yeah that makes sense right so anyways i'm talking about that as well just do another um uh intro to tomorrow's one so tomorrow we're doing the video on with ryan and chandler on uh what's next in crypto and i definitely want to pick their minds and brains on that so why not why not why not push this a little bit more for tomorrow so i'll be excited to see all you guys there tomorrow and if you guys want click the set reminder button so that you know you guys remember reminded to go on but definitely something something fun all right and a lot of people are asking about moon swap so we talked a little bit about moon swap earlier so um yes yet again i think like moon swap in terms of their paper in terms of medium has a lot of information innovation because they're also combining aspects of improving or actually not improving decreasing the cost per transaction as well so not only is it like sushi swap but it's also like with innovation on transaction speed there as well but yet again it's a very very volatile space so we've got a question just coming up so it's uh lion dap lions is time for a telegram invite so yes absolutely thank you for reminding me for that so for today's stream we are opening up our telegram group normally this is now set to private um we actually want a really high quality of discussion on this channel so recently i just made it private so we can manage the group a little bit better but on every monday we open it up to people who want to join so if you want to join come come in come in come in private group let me have the new invite so i'm going to put the link up here right now in the live stream chat so don't use the one on the you know i have to remove the one on the description but just use the one in the live stream chat that will bring you there so i'm opening that group up um just a big comment as well um a lot of people come into this chat and they don't read the rules the rules are there for a reason we just want a high level of discussion so for example if you're talking about a particular project please do declare what price you got in at it's just a good habit um so we roughly know if it's a 10x bag or if it's something that's going to go up so declaring your interest is very important and also we don't accept forwards so i think throughout the most of last week i've been moderating that and we have some amazing moderators by the way thank you moderators um that do it for free absolutely free great community and the key here is that just if you just blankly forward and don't discuss um that's just a ban right away um just wanted to make sure you guys know the rules uh we want to keep the level of discussion towards discussion rather than at box money please you know please review this project i'm like i'm super busy like discuss it's a discussion channel please include everyone that's my pet peeve now i don't want people just directing everything at me i want this to be a discussion channel sharing information sharing intelligence discussing with with each other and that's what the channel is there for so please do keep that in mind um please you know we we are trying to build a really great community there so yeah anyways um enough about that stat um yeah shirley q says can you talk about something about moon swap we just did that so just rewind a little bit like rewind around 10 minutes you'll get the discussion on moon swap there peter santos's trust swap trust swap is a project i'm advising and they're actually moving at some break net speeds as well so what happened was that they're doing the launch pad for new projects which is amazing and they're doing quite a few things i want to catch up with jeff on as well so we're going to have jeff on the channel very very soon and i think one thing about trust swap that i really liked as well is the speed at which people move i think that's kind of key right now if you want a project that is doing defy you can't just stay stagnant this whole space is so fast and innovative that you have to be on the next kind of wave asap and that's i think something that jeff is doing very well at which is like he identifies trends and he wants to be ahead of that trend so definitely very want to bring jeff on board as well too for updates on everything that's happening we got lion daft game says um game this is the shot game take a shot every time box money says this is a situation i don't say that much do i i have to i have to i'll play that game with you all right so bjj says michael what's on your farm list so i just kind of went through that so cream is pretty much on the top of my farm list so yes again um cream also just on a note as well cream is starting the bsc rewards today so um in roughly i think it's less than 12 hours so start reward giving out rewards for um binance smart chains contracts that means this is a very special time where you actually get to be able to save up something like litecoin bcash bitcoin cash or link or ripple or busd or btcb this is a binance's version of the btc but you'll be able to save that and enjoy some distribution apy rewards for cream so that's going on today today like in 12 hours or if you're just like you know in it like me if you're if you want to yolo um i'm in the let me just give me a sec let me just switch it back yeah let's switch back to the main to the ethereum chain and yes so i mean i'm in like these pools which is quite dangerous still so just be very very careful so anyways so that's good um that's been what i'm farming we also have a question about speedo stanley's swerve yeah absolutely i'm in that swerve it's one of those coins i just mine and forget so in a swerve dow basically you can see the mining rewards i don't know why this indicator is always broken for me but anyways the current apy is around 177 percent in terms of swerve distributions and you can save up your usdt etc your stable coins for a hundred percent yield and also if you have um a time lock on your swerve so you create a time lock i did a four year time lock just to be cheap there a little bit cheeky but i did a four year time lock and that means your swerve apy had a booster of 2.5 as well so um that's if that's interesting for you guys that's cool so that's one of the places where i stick my stable coins and then we have burger swap i just joined this around two days ago started farming this up a bit but just be careful that it's quite volatile the way to do it is can add liquidity and say you can add bmb burger and you supply liquidity to that or you can do something like bmb usd if you want to be less involved it's like less risk taking so this is a possibility you can add liquidity there and you can just go max i don't have it on this account i don't have any bmb on this account so i'll kind of show you guys but the rewards for bmb burger are the highest um like with everything else but yeah this kind of works it's pretty cool so that's kind of the current take on everything mining i'm also in sushi swap still um kind of sad i didn't really move assets out of sushi swap but sushi swap rewards are a lot lower now so just be mindful of that i'm also in moon swap moon swap was always there i'm also in yfv yf i haven't like uh why i don't always forget to mention it is because i just leave it there and forget so i'm in the bat pool and in the ren pool for the y for yfv rewards are dropping quite a bit so in the past obviously this will be like a thousand percent um etc but now i probably have to just like strategize again and figure out what's kind of going on so that's kind of the my two cents on everything that's happening so yf i still have yf yfii i'm in there too y f ii and yeah i'm also in pool two as well for yf ii there you go so quite a lot still farming um it's it's yeah it's it's a lot it's a lot to manage and i think it's up to a point where if you don't manage well you're gonna forget where your coins are so what i've been doing is that every time i deposit i take a screenshot of which pool i'm in and which account that's with so it's just like kind of the easiest way to manage it so you just take a screenshot of your entire screen okay i'm there uh reason being is because not all the contract scanners like say i use zapper to also find out which pools i'm in right so zapper uh but it doesn't show all pools it's like it takes a little bit of time so if you're in a project that's kind of like risky or it's not added yet it won't be on zapperify so it won't tell you everything that's it won't tell you all that information so just be very very careful um in that respect so just be very careful about that guys um so that's why i take a screenshot just to make sure i don't forget about everything and make sure that i am on there now let's go back to a bit of the news i think we talked enough way way too much about yo farming it's been really fun but at the same time let's go back to a little bit on the news side i think news side there wasn't too much let me see if i prepared anything for you guys um coin telegraph i don't think it's too much i think it's uh some things that were kind of amusing oh i think this is kind of cool too so this is like very hong kong based but um so two really cool things that happened in hong kong this weekend so first of all we have the bitcoin trap which is super super cool so um this is is from the bitcoin association of hong kong this is a bitcoin um they made an entire tram covered by bitcoin logo which is amazing so people have been you know shooting that and that's been going all around hong kong side so this is where all the finance district is it's just amazing how they got this entire bitcoin tram so i've been seeing that everywhere which is super super cool so you can just see this passing this is actually a scene shot from genesis block so genesis block is a bitcoin center here in hong kong and i can just see that bitcoin tram passing the yellow bitcoin tram which is just amazing big big shout outs to leo and brian from the bitcoin association of hong kong they just like that is like they they're they're baller they're baller and boss which is pretty cool and then also on top of that as well they did this ad too which is super super cool so this is right in front of the hsbc building that's amazing guys that that is amazing that's that's super super well thought out so this is like a be your own bank it just talks to people about bitcoin how it scares divisible transferable right in front of hsbc and like everyone's been taking photos of that i mean come on guys that's gonna replace banks we all know that it's like it's just like a right in front of you in your face um thing for hsbc so a lot of people have been taking photos of this this is yet again and people are so surprised like oh it's not a company that's advertising who's paying for this well hong kong bitcoin association makes me proud makes me proud it's just a it's just a plain out this is bitcoin ad amazing so that's that's pretty cool i think that's the coolest thing i saw this weekend so anyways um on top of that we have quite a lot of drama appearing on reddit i think reddit something i love to watch but also it's like it's it's hilarious for for some reasons i i love this uh this was funny like this jokes about ieo prices and right now you know there's definitely a lot of these kind of magic tricks going on there's definitely some concerns as well um definitely some people concerned about binance chain so you can see this one which is giving binance even more power slash money to control the market with bsc coming up and i think yes or no i mean if you're og if you're like og bitcoin and you want full-on decentralization then bitcoin is the only one you need right this is where maximus maximisms comes in but at the same time if you want innovation in terms of decentralized finance and what people can bring over i think a bigger ecosystem makes a lot of sense right now if binance is trying to bring more people into crypto and i think i've seen this argument a lot then having a faster chain is good right and i think this whole diverse chain ecosystem that makes sense so whether it is the binance smart chain polka dot eos tron i'll even go there but as long as we all work together and to create something amazing then we will replace not just a billion dollar industry but a trillion dollar industry i think that's the key here i mean if you guys watch the video from last week with the talk with the linear finance guys you'll actually realize that daily trade volumes for even commodities markets is in the billions of dollars if we can disrupt that that's going to be amazing and to disrupt that we have to work together and not against each other and as sometimes also when it comes to that when it comes to decentralized finance decentralization is a scale right and now people have the freedom to choose something i actually didn't really like about bionist smart chain is that they don't have many validators they're around the 20 odd auto i think it's 24 validators that they have right now for bionist smart chain that's actually a very very small number not very great in terms of decentralization and unfortunately that's what they kind of had to compromise with there will be also more technologies coming up with ethereum they are moving to proof of stake and they're going to allow anyone so anyone who's holding more than 32 ethereum to become a node and a validator on that network so we're going to have that scale of decentralization and it's also about how fast people can deploy i feel like the binance chain they probably took a few compromises along the way so they can deploy it out a lot faster and then we have polka dot there too so i think the whole ecosystem narrative i think is pretty important right now and at the end of the day you know the market is there to decide what's important so there we go we got please say we got at business please say about bzrx i definitely want to talk more about that um yeah that's pretty much pretty much it for all the memes and the fun stuff i kind of just take it like r slash cryptocurrency is just a mean hub for me now at least kind of funny it's a mean hub and a gauge to how angry people are that's kind of the the key here now all right so i think that's around it um for today and what i want to cover um we got gerald draper jr says um i'll double down on lid i think lid is i think lid has very selective use case um so liquidity logs can be provided both by lid and by just providing a lock itself so yet again i'm thinking like it's more convenient i don't know i'm not sure if it can justify entire like ecosystem of currency but the functionality of lid is strong so that's my two cents i'm not very deep into lid i think um yeah uh i saw it was useful but at the same time i was like you know what you know can this be done with just a smart contract and kind of innovate on that if they can innovate on that that would be great so i'll have to do a bit more research on that billy elliott said billy elliott says polka dot mike please i'm all in oh no oh no this is a crazy part of crypto i think a lot of people are tempted to go all in xyz so polka dot is gaining a lot of traction and a lot of momentum but definitely like you know you guys are all big you know you guys have all have big boy pants on i think that's quite important this space is very volatile but that being said um recently i've been warming up to polka dot a lot so kind of interesting right so polka dot um initially got really pushed in china so mostly in the west for the last two years last two three years it's been pretty quiet let's be honest about that but in china it was very huge right so in china last year and this year everyone was talking about dot so i thought it was just a china kind of push you know it's a western project push to china and then china is pushing it to the west but beyond the kind of who's investing narrative some of the few things are interesting polka dot has its merits because of how the parachains work so how you can create a project with substrate very easily you can create your own blockchain with your own specifications and then use the dot as a way to transfer information between these chains that's very interesting the second thing that kind of turned me around was that ethereum was also showed in china massively so it's like you can see the analogy that china shows are not terrible i guess in that sense like um ethereum eos and polka dot are all and now file coin all showed very big in china but at the same time you know these projects have merit so we should look not just at where the hype is but all the merit reason why i'll kind of avoid the hypes and avoid selective regional hypes is because there's always that danger there if it's like you know if it's only valid in a certain region then does it mean it's valid internationally and ethereum kind of proved that everyone loves it worldwide and yeah i think polka dot will probably take this similar narrative so polka dot has a very strong narrative in china and a very very strong chinese community on there as well but that being said for sure tech wise i think it's very attractive for a lot of people i've been hearing a lot more people talk about polka dot right now which is great and yeah i'm definitely taking a lot more time to look at it so yes definitely new videos of polka dot coming out very soon and definitely want to be aware of everything that's happening in the polka dot ecosystem it's a whole new polka ecosystem and that as well we also have a chat with file coin or not just about fog point but decentralized storage as well because i feel like that's going to be the next trend next two trends nfts and decentralized storage uh we got co-assist how about xdai lots of hype definitely going to talk about that soon um definitely looking into it i have definitely not looked enough into xdai but i'll definitely look into it uh yeah that's pretty much it we will we got shopping io thank you for a show now you can buy all items on amazon walmart and 100 different currencies so thank you so much for the donation shopping i've never actually used shopping before but um i'll definitely try it um thank you so much for that uh and then we're just reading up the chat so bernard has a reply about that as well any thoughts on creed.finance so i didn't actually i saw it so both creed and pickle i saw um over the weekend and i chose not to um check it out it's just mostly because i was just like i just needed a break so apologies if i am not you know next level on everything but we all need a break um jason stones is churn as a cheap chinese ripoff of ethereum changed my mind justin is a copy paste ripoff absolutely and i thought that for the longest amount of time too um whether or not it can generate value but at the same time there were a few mining projects and that's why i actually installed tron to use for a few farming projects on tron and it's like okay i can see why some people like it it's pretty big in china i can see why it's because like uh you can stake tron to have free transactions so you know it just provides a difference but the biggest issue i have with tron is that you're playing against the house because justin has a lot of coins and because he's such a figurehead like he he chose the complete centralization approach right uh where he puts himself as the figurehead um of everything and everything has his name a portion of his name there's the just swap sun network i'm like come on come on we've got to stop worshiping him already so i think that also presents a problem to decentralization as well and it's very interesting because some form of centralization might also work very well in china uh i mean if these products are targeting the chinese you know there must be a reason why it's selected like this right there's a reason why and i think that's mostly because chinese prefer strong leaders um that's just more of the cultural thing maybe so maybe that's why they're trying to choose that as a method to push a project and you see that very much in china as well when people are pushing projects they always like to put the founder's face on it's almost like uh going almost back to feudal times where you have coins with the leader's face on right here you have the sun coin with justin sun or the just swap yes again using that justin name and face interesting interesting marketing play there angela wang is i gotta admit but justin sun branding and marketing is on point it's definitely on point for chinese i think so for asian market i think it's definitely on point um bullish is moon swap 417 400 4175 apy that is the most dangerous pool that is a pool that i i touched a little bit but it did not i'm like super risk averse i mean moon swap already dumped from 10 to five dollars and this is it still five five dollars let me just double check before i um so it's one of those traps that the common traps that a lot of people fall into okay so i dumped from yeah so i've dumped from 12 all the way down to around four dollars so during this time um you'll be suffering huge impermanent loss so yeah just be very very careful of something that stays very very high apy you look at those numbers but because you're involved in this pool this slide down you can lose a lot with il so with impermanent loss or for the past few hours it could now it could be in a better position to get in to be honest it might not be a bad idea because it's kind of finding its support which means that you can probably write it up a bit and get it but anyways be very very careful with these big numbers i had a lot of friends i talked to them about yield farming and the first thing they do is they see these large apys they jump in and then just lose auto money like like that instantly um it's like the two eif just turned into 0.5 and five eif or something like that or 0.05 eif and i'm like no you're not supposed to go into the pool twos no so just be very very careful about large numbers guys um that's very hard not financial wise obviously uh modifus funstar says if if 2.0 is coming out and if one is turning into 1.5 what happens the whole 32 e thing are we supposed to have 32 e 1.5 or version 2.0 so this is actually the most confusing thing about eve 2.0 so with ethereum 2.0 it's a huge project and it comes in multiple phases so even when it comes in phase zero so that's when programmers start so what we're coming or what we're pushing towards is phase zero so right now the testnet for phase zero has been up and deployed and the programmers and seeing if it's stable but even if phase zero deploys you're not going to be able to run smart contracts on eve 2.0 yet this becomes very very complicated and it's going to be uh one hell of a transition when the time does come but because it's in phase zero it's just a test and once it goes to phase one that's when program projects can switch over to eve 2.0 i expect that to take maybe years so optimistically phase zero will be deployed at the end of this year but yet again projects can't move on through there yet you have to wait until phase one and optimistically speaking they will want to release it next year but i'll give them two to three years for that to be realistic right because programmers they kind of underestimate how much work is always involved and that's just been the case so with that because eve 2.0 is going to take a long time to actually deliver on substantial upgrades a lot of people are talking about eve 1.5 which is maybe have some form of additional scaling on top of ethereum huge long story there both sides are being pushed at the same time it's we'll have to see when what timing fits can we deploy scaling solutions on ethereum right now to make that 1.5 possibly and maybe 1.5 can work together with eve 2.0 as well because a lot of this um can work so there's a lot of talk about zk roll ups and everything on ethereum as well to try to solve or deliver a faster solution to the big congestion that we have right now but yet again all these things take time and it's going to be confusing as hell and we're going to have multiple tech standards that we're going to have to try to choose which one to adopt so going to be plenty fun going to be plenty fun so anyways that's pretty much it for uh what's happening right now just be very very careful volumes new mining farms i saw gerald driver jr says y yfis and yfie equals to yffii oh my god it's getting too crazy it's getting getting way too crazy for this um i i can avoid it a lot of the new ones for reasons it's just too many um for me to actually move substantial amounts of funds over um yeah safety is important for me so i kind of stuck with uh kind of a safer core safer nothing's really safe but maybe safer core so if you guys if you guys have any good information to share and intel to share i definitely recommend coming on to the private group so uh we are on the private group let me send the invite there for anyone on this chat you guys can come in and check it out uh um pay pay says how about trx is trx good just rewind like 10 15 minutes i'll talk about the good and bad there we go um also we have what else was this uh we have to do t-shirt giveaways to anyone on notification squad so let me find the video off very fast let's see if there was any t-shirts giveaways this week uh by the way guys thank you guys all so much for watching um click the likes button and subscribe button if you can the impermanent loss one should be the ones giving out uh free t-shirts so uh let me just push that up the link up comment comment ticker we have this one so whilst we're at it guys make sure so the deal is this we've got free teachers coming out we've got long t-shirts these ones the the the anti-social crypto club and then we've got the boxman t-shirts we have new ones not not these old ones obviously these are worn these are just here but we have new t-shirts they're already here just a huge huge amount of t-shirts in that other room it's crazy but uh we'll have that in the office as well um yeah so that's coming out um we'll do a random comment picker for this one uh intro to add the link actually i was showing you the pictures i should have just switched that over but anyways um let's see that include specific text hashtag and then the hashtag is hashtag notification squad for that and then we'll start a wow that's a lot of comments for notification squad so we have the winner winner chicken dinner is going to be winner is h so h please do message me um yeah that's going to be good boom boom done so yeah h congratulations for winning a free t-shirt so just send me yeah send me a chat intel and we'll send you mail you one and guys if you guys have a free t-shirt make sure you take a photo of it tag on twitter etc i forgot to shout that out but if you guys can and you guys want to do that um not not not compulsory of course completely uh completely up to you guys but if you guys want tag me on twitter i'll i'll feature on this channel um and also of course we have nft giveaways so we should do more nt giveaways here so these are non-fungible tokens um i made these ages ago um for the box mining ones but i thought since i had these here i'm not going to be lazy i'm going to do some more giveaways and stuff so if you guys want what you want to want one of these get the engine wallet um type type in note of um type in your address so on your engine wallet just see so this one um engine wallet you can be collectible so you can go there um you can see this is the box mining collection so i've been collecting a lot obviously i'm going to give away this one which is the original box mining one so if you guys type your erc20 address into the chat right now i'll just pick one to give out that um so yeah so just do that now so do that now i'll do a quick pick up giveaway and we'll get some nfts out guys um so i'll just pick one t-shirt yay we can give we give both of we usually just pack both these t-shirts together so mostly clothes like just sending t-shirts are like super expensive but anyways guys i think it just takes a little bit of time um for everything to happen just type your um addresses on and we'll do this well we got a lot of comments show show show show show so we'll be or just pick out two again so we go debbie debbie john uh i just saw that see let's get debbie on debbie and we have peanut walters so we'll give away one to peanut walters and one to debbie why not there we go there we go there we go so yeah to the fast the people who are fast all right so that's it for today pretty much giveaway's done everything's done make sure you subscribe guys oh yeah we got world valoruses on the farming front don't forget pylon i'm so confused with pylon i i'm getting so confused because there's two mining places there's pylon and there is the new one solarite and there's more coming and like ah maybe just have one coin please maybe just one but anyways it's confusing as hell so um that's probably why i saw that and was like okay look you know what i'm gonna put my pylon into the solarite thing and that's that's gonna be it i'm not gonna take any more time to just analyze the whole situation because most of the apy indicators are like messed up anyway so anyways that's pretty much it brian chaper says i can be your debbie oh we'll do more soon so make sure you guys stick for the next live stream as well we'll do more during the live giveaway streams uh monday is always a giveaway day and we also have the stream coming on tomorrow so just a quick update for you guys on uh let's see a quick update let's see let's see let's see let's see studio update for next one there's always a delay as well like every time i feel like there's a huge delay between um the content and what i'm saying also the chat as well so i apologize for that that's a tech issue so we have the get shareable link we have this video up the tomorrow's video uh with chandler and with ryan and then we'll have also the friday live stream as well post that on so you guys can click the reminders for that and at least you know be notified when things go up um let's see that number one and then we're going to create the live stream for monday as well this week i'm just going to do more live streams we also had a chat with um oasis founder um blanked out momentarily forgot her name don song yes apparently don is legit af so many asians huh legit um but yeah so don is also coming on um uh on the show very soon i'm gonna get her content on a sap as well so let's just get that the next live stream is on friday so let's get that and copy the shareable link friday link here i throw that on here as well so make sure you're part of the notification squad for that we're gonna we're gonna have also more live streams throughout the week and answer some of your questions as well so it'll be really fun it will be kind of interesting i'm just gonna i'm just shoving that on here and also this is what it looks like set the reminder friday live stream september 18th that's actually after the new iphones or the apple announcements are going to be up so hopefully hopefully we'll have some good news on new apple products hopefully they have something good this year but if not then too bad too bad too bad too bad all right that's pretty much it guys thank you guys so much for watching today uh i really really enjoyed this episode with you guys hope you guys stay safe um we got john grackle says too many agents okay i gotta diversify guys gotta diversify uh but yeah and that's no again thank you guys so much for watching i really enjoyed this episode of you guys um hope you guys can get some information stay safe out there well and hopefully we'll have some cool stuff to show tomorrow so see you tomorrow same time