Bitcoin, DeFi , Yield Farming, and Cryptocurrency Update

have on restream is the stream is online and we have we're going live right now on youtube hey guys and welcome back to another episode of box mining live here today is august 28th it's a friday for me over here and we're gonna do some really cool stuff today we're gonna talk a little bit about what's going on market recap first of all first and foremost always on a friday recap of this week as well in terms of the news then we'll talk about the latest yo farming digs everyone's been asking me yo what's the latest yo farming dig i'm like all right let's do this let's do this and obviously we started a little bit late today yet again i'm trying to do a lot of managing in the morning so uh when i wake up right now there's a huge checklist of stuff to do mostly because um yeah just a lot of farming yeah i'm being a little bit spread out into quite different pools and uh you know that's always great but also that means you have to just take every morning and just like harvest your yield sell your yield if you have to you know etc etc etc uh that's kind of the case for everything here so we'll we'll talk about all those things as well we talked a little bit about the little mini dip we had on wednesday so wednesday there was almost this potential to have a much stronger dip you know ethereum dip below 400 i'm sure that freaked a lot of people out because everyone is expecting just a consistent upward trend but that's not always the case we'll also talk a little bit about china too today uh lots of things happening in china i think in many ways china actually punched crypto back up because the china volume especially as if you look at the polka dot narrative that was coming in for out most of last week and this week the idea here is that polka dot all of a sudden i'm not sure if you guys all know what polka dot even is but polka dot just shot up to become one of the largest cryptocurrencies here so let me try to find out on the list here so where where's my dots where's my dots at guys uh market cap um yeah polka dot number six i was looking in like 10 or 12 but no it's uh it's right now at number six cryptocurrency right underneath chain link and this could have surprised a lot of people if you're not looking at the china narrative but polka dot has become one of china's darlings just like how eos was back in the past of last year and just like behalf war ethereum also one of china's darlings and this is very interesting because polka dot narrative wasn't very strong in the west polka dot had a huge following and base in china and all projects coming out of china most of them are touching polka dot for that exact reason so if you look at like the darwinian network with katon and ring you have look at ken you look at recently mantra dao real chain and we have also i recently talked to guys at crust as well so a lot of these projects they have direct ties they're using polka dot parachains polka dot videos are definitely coming out very soon just talking about what this whole thing is and the technology behind it but anyways that's narrative is very very strong and china is totally in love with polka dot i also relayed some experiences about china too i think this week i've been exploring very very deeply into china especially after my interview on phone huang tv as that's not not even an interview it's actually a talk show which was super super fun and interesting but that's gonna actually air on saturday so it's gonna be on phoenix tv you got guys in asia you guys all know phoenix tv and it's gonna be aired on saturday at 8 p.m a very prime time slot i'll pick on tv i'm all super excited i filmed it this week it was such a crazy experience talking to a lot of people um especially debating with the other panelists about what is going to happen with digital currencies especially in relation to dcep dcep which is china's national digital currency so it's a central bank digital currency so much happening on that front the china narrative is going to be super super strong in the coming months ahead so you gotta pay attention and i will keep you guys updated i know exactly what is happening it's crazy that debate just elevated me and i went straight into the china circles finding well what's digging up what is happening so that is what's happening on this channel guys anyways this is box my name make sure you keep watching guys and also big shout outs to coin gecko yesterday we had a amazing talk on coin gecko about pretty much everything i'll find you the tweet here but man that that discussion about defy yield farming it was super insightful so i said do not watch it too dangerous joking but anyways this one was all about defy yield farming it was hosted by bobby ung the ceo of coin gecko followed with me and kerman coley and it was just such a good discussion anyways you can watch the replay on here and they're going to post it on youtube very soon but that was such a great discussion we have like a thousand something people watching it was just absolutely insane i think the i was super surprised because like coin gecko was pushing out my face every day i use it all the time around hey i recognize that guy hey who's that just joking but anyways um that was kind of crazy it was a really really great discussion we talked about a lot about what we're doing but also about the risks well so if you guys want to know what the risks of your farming is that's the video to check it out so anyways that's pretty much it today guys let's start off by telling you a little bit about my podcast so in my this is what i've been doing i've been doing a lot on my podcast and so it's called bitcoin out of the box i'm pushing it quite aggressively and if you guys can please do rate it um i haven't called for people to rate it but like it depends on which region you're in i'm not very i'm not the best with apple podcast but i do know that if you rate it it does help so please please please do help but we've been adding a lot of content discussion you can hear on the go with you guys especially if you guys are on the car if you guys going off a run and you want to learn a little bit of crypto on the side this is what i've been doing a lot you know i've been using every single spare moment of my time to learn what is going on because crypto you can no longer coverage by just like reading it for one afternoon and just calling a date you got to be constantly on the front line and that's pretty much what that podcast is all about we'll be uploading more interviews onto that soon and being getting adding more even more exclusive content for that as well so make sure you guys check that out anyways okay so that's my ad for my own podcast let's start off take a deep dive and check out what's happening on the markets so overall on the markets not too much happening all right if you look at past 24 hours yes we got serum and you yuma yuma rising up got nmr as well and before finally recovering a little bit but yes serum is taking control and you know uh just to show my podcast here if you guys want to listen to what um there is serum is the latest episode it's about state of defy project serum and crypto trading you know what about serum say what you want about the project but man sam is crazy that guy is like the vitalik of making money he is like so smart so hard working it is absolutely insane just the but where he's and the reason why i really like him and interviewing him is that he just no bs just just cut straight to the chase let's just be very honest lots of hot air in the space there's lots of fluff whatever but we're gonna you know he doesn't he doesn't joke around and that's extremely powerful because you don't you just don't want people wasting your time right now like time is so precious man it's insane but yeah umma's up there um got some stuff solana's also up there very likely because of serum um serum's being built on solana we got binance coin also moving up uh that's great because you know if you guys know i recently featured a video about what my top medium bags are so yeah that's number one a spoiler alert for that but if you want to check it out there's a whole playlist just search box mining um um you know i talk about what what coins i'm holding and yeah that's pretty much it but talking about the major coins the major coins haven't moved too much so let's say let's put the market cap back here major coin ethereum and bitcoin they both took a little bit of a dip recently so we got bitcoin rejected hard rejected off 12k we know that already um there was this fear that bitcoin was almost gonna go to 10k 500 this week um so quite a lot of fun news came over this weekend so we're still in what i'm calling the golden triangle the miracle triangle so not triangle miracle channel so we're in this channel right here we're trading between around around 10 10k 800 to around 12k so there was fear that when bitcoin dropped here would drop from lower but we did find some support at this level so we should probably readjust this to now so like it could be the case that this is gonna be the tighter channel that we're seeing maybe technically speaking we'll we'll take a look at the situation but bitcoin has become rather uninteresting for me to be honest so a lot of people are asking me okay why is bitcoin not very interesting for you it's because whilst it's in this golden channel a lot of the old coins are picking up a lot more momentum so whilst bitcoin is staying stagnant here people are typically trying to find other new watering holes that's just the case right now with defy popping and with yo farming becoming the primary focus it was it's becoming much more profitable for me to look at yo farming opportunities rather than to just be trading bitcoin reason here is because if you're trading bitcoin even on leverage you're taking a huge amount of risk if it doesn't go in a direction that you want that could lead to a potential disaster but with yo farming going on and a lot of the pools offering either bitcoin usdt or some sort of coin if i stake my coins there i just get rewards and if it's like you know even i'll say this slightly but even with 80 apr it's better than like for me just playing around with the market and that's the kind of the general trend of what's happening it's kind of very interesting because we've been keeping an eye on a lot of big funds as well so a lot of funds that were investing into new projects or even actively trading they're actually just moving funds onto yo farming right now that's just pretty much very well known fact big big whales are moving over and those whales are just funds if you look at how actively dovi wang and ko and primitive ventures are you know pursuing and aggressively chasing after all these these yield farms yep the money's there now like the money's kind of moved away from pure speculative on the market to new coins to all the altcoins that's why the golden channel kind of is there and we have some shout outs to yfv as well as alvin tanks is yfv for life yeah yeah so yeah that's kind of the case with everything here we are at at a point where not too much action was happening but now the the the polka dot expansion i was calling it you know i'm a very big gamer and some people are shouting chain games just now i'll definitely do some coverage on that later but um if if this was a video game expansion this would be called the polka dot expansion because all of a sudden now the polka dot narrative is becoming front and center of everyone especially if oh especially since i would say polka dot actually flexed a little bit over this week as well so whilst every other coin was going down in the past week so whilst we were getting a little bit of a scare on ethereum on bitcoin potentially going lower um ethereum going below 400 on that same day polka dot just like yo what's up guys what's up okay i shouldn't do these expressions but you know what i mean polka dot was just flexing a little bit and saying you know what this china narrative that's a little bit interesting for me that is super super super interesting but anyways that's very very interesting so anyways let's talk a little bit about the china angle as well i think that's quite interesting so i learned a lot this week so i was on this talk show so this is on phoenix tv it's um it was an actually one hour whole hour talk show so i got to participate in this debate and two things that's kind of interesting first of all um this debate was crazy it was just utterly insane i wasn't it's all in chinese so my chinese levels it's like i can speak chinese but it's not the flowing most beautiful language and everyone here was just like top notch next level like their language expression ability is just crazy but anyways you guys can watch it on saturday this week it's going to air so i won't spoil too much but kind of interesting what's interesting is what the topic discussions first of all it's facebook libra i mean we haven't discussed libra in the west for ages and yet it's front and center on chinese discussion tables and this is because they're also pushing out dc ep and dc ep the narrative that they're trying to portray is that dc ep is a direct response to libra and then they want to create that little competition between libra and dc ep now there's a huge difference here because libra is set up by a company so facebook and they're trying to create a basket of currencies and now they're trying to do not a basket but also peg currencies so that's kind of the current narrative for facebook libra if you guys know what's happening with libra it's still being pushed forward kind of but also china is establishing their own national digital currency this is super huge no news and this is why phoenix tv and every single other tv is trying to cover it because this is now front and center of the chinese currency discussion it's becoming huge so if you guys want any evidence of this this is a clear evidence that they're spending an hour on a saturday night 8 p.m show this is where a lot of people start watching tv this is saturday dinner time for every lot of people and then people just watch this stuff because they want to know what's happening this is such a prime event that now everyone is trying to talk about this and i told you guys about this earlier as well cctv2 was also covering china's launch of their own digital currency dc ep now a lot of what was discussed here uh some of them were fierce some of them are quite interesting we even discuss the possibility of on-chain transactions with dc ep and other cryptocurrencies maybe it works maybe not but it was a very interesting discussion and the second key point is kind of very interesting as well with all of these chinese finance guys is that there's this active fear in china that china may be kicked out of maybe even swift or maybe even other payment systems now with the trade tension blossoming there's also this fear that china might get excluded from a lot of these western payment systems very very interesting i was just like so close to say have you guys heard about bitcoin there's no way you can get kicked out of any sort of alliance or anything you know can hint hint but obviously because it's a state state sponsor channel i was a little bit cautious i'll just say that i'm a little bit cautious with all these things because you know talking about bitcoin itself is not very cool in china you'll see that very soon that all discussions center around blockchain and without coins very very interesting the narrative this is actually going to be broadcast in china so i was like you know a little bit careful i'll be honest there but anyways um that's actually a fear right now in china the fear that china might get excluded the fear that there might be further sanctions against chinese bank accounts this is why the china narrative has become extremely important because this will be a push factor this will push people away from fiat away from the traditional finance system towards something that is more crypto based and even there on the chat we talked about ideas like usdt and usdt you guys probably hear i mean this is kind of funny i know tone vase hates usdt and he's like it's the fakest coin out there it is like absolute trash because we don't know where the u.s dollars are even stored it's a stable coin it's meant to be valued at one u.s dollar and the reason why it's meant to be valued at one u.s dollar is there's meant to be a physical u.s dollar stored somewhere in usdt's or tether's vaults or even bitfinex vaults if you want to talk about that but right now there is that action from the u.s attorney general against with um against tether for you know asking where the hell is the money and also right now there's an endless supply coming in so if you not just look at the price what's more important is you want to look at this market cap it's growing all right look at that there's like 13 billion dollars in tether right now and a lot of people are scared because obviously a single entity holding 13 billion dollars is a lot of money i'm not trying to defend tether theory i think there should be more various other currencies but i'm pointing this out as more of an example of how china loves this coin if you think about it right now china is not china isn't free currency you can't just take out whatever amount of renminbi you want and transfer it to u.s dollars in china china has a regulated currency system there's actually a really good article talking about this on not article video i was just watching this morning on economics explained so you guys can catch that up about um about ee um let's see videos they just recently upload uploaded about china uh i can't find it anymore but just check it out i'll post it up on my twitter later uh china uh hmm all right this one this one this one 14 hours ago it's a new uploaded video but it talks a little bit about it i mean with all these things it's all you have to all take it with a grain of salt but um it talks a lot about how china system currency systems not open to the world there's a they're trying to actually create a market for the renminbi but by doing so they actually limited the ability of citizens to send currency out of the country so that's why china needs a stable coin they they actually want exposure to stable coins and that china narrative is becoming stronger stronger in a sense that if there are potential restrictions on how they can use their actual centralized bank accounts there's a push towards decentralization so this is actually making me extremely excited for crypto in the long run i feel like i'm super super bullish here yeah um i'm yeah super bullish super bullish to a point where i've actually been you know aggressively into crypto now um i posted this post out this morning it was kind of funny but yeah i'm not broke i'm illiquid uh it is a case where a lot of my finances are becoming coming into crypto obviously still under control obviously um i was so tempted to touch a lot of my fiat savings but i haven't yet but in terms of my crypto savings a lot of that is locked up into yield farming a lot of that's locked up into a lot of new coins i've been investing aggressively into new coins as well um yeah just locked up into various different assets it's kind of crazy right now um just very very low on liquidity but that's a good thing that's a good thing that's that's what i'm working towards and that's why i'm so busy all the time researching figuring out joining new groups and on that as well let's talk a little bit about the newest group that i joined which is duck dow so recently you guys probably know that i'm on an information hunting spree so the information you get in crypto is extremely important and also allocations to projects is important so recently i did join duck dow they're one of the largest groups for cryptocurrencies they also incubate a lot of projects and recently i'm joining them because i want to have access to that information and also have access to projects as well so the idea of these dowels is actually very interesting so um this started off like my experience with these is i started off joining karma dow so you have to pay i told you guys about this earlier you have to pay money to join and that group by buying their currency and they have to have enough of that currency to be participating in discussions duck dow is very similar but taking that to the whole new level they have a lot more people in there a lot they've been this group has been around for a long long period of time and they also have a lot of access to information and deals and they've also incubated projects in the past as well so that was why it was super interesting for me to join them i saw like immediately when i saw this i was like you know what i need to talk to those guys i need to start joining them i need to start finding out more and more information so how it works is that you might you need to buy the duck dow dime in order to join the chat groups and they have a few tiers of chat groups and obviously you know the higher up it is you have more access to information so just join that one for my me personally if you guys are interested in a discussion or b allocations to projects definitely take a look at the duck dow but for sure like right now information is absolutely key and oh but by the way with duck dow ivan's on there too so ivan on tech is on there um they also made this crazy thing about me when i joined um they're they're like super enthusiastic as well they're they're like extremely enthusiastic oh i just want to show you guys this that um a member actually made this for me so thank you guys um it's moon themed obviously but uh we have a spaceship launch we have the box mining uh landing on the moon moon you know i take this as a joke i'm not i'm not the biggest moon boy here kind of maybe not i don't know but that was kind of hilarious um and funny at the same time so thank you guys duck dow for welcoming me so energetically to that community so uh we have some requests here uh we got troy b says uh very much so well done on coin gecko thank you thank you um ea says i like the community idea behind duck doubt absolutely man if like if you if you ask me after i talk to them they're like okay they want every member to have decisions in the duck dow because it's the decentralized autonomous organization the energy levels in there are insane i love it like you need to be active you need to be sharing you need to be providing information so yeah that's that's a huge level of energy um lazy cast this duck dow i was there for a little but i didn't like the tier system um i think so too like i 2017 i did not want to make any tiered systems i didn't want to make any private groups i thought everything should be available and open but at the same time that presents a problem because if everything is open then you have a lot of spammers that's what happened to the box mining telegram chat um it was open spammers would join and then they would just spam the channel and the access the quality of information was very low so recently this month i just closed off the group made the group private and the quality of information has just gone up straight through the roof like whether you want to ask something or whether you want to provide something or have a like an actual discussion on the topic holy crap the box nation group is up there so i don't like tier systems but i think a tier system is almost always necessary at this point point just to filter out you want to make sure that people aren't just shilling their 10x bags they're having an actual discussion on the topic rather than shilling your project and then potentially dumping on your face in the future i think that's the biggest risk i'll be super blunt right this is just crypto some people do that it's not the nicest thing and those guys should obviously be filtered out and that's why also on our rule on our telegram group if you're talking about when you also have to declare what price you got it at so if you got it at uh you know if you got something if you've got something that's like 20 right now at one cent then obviously you're going to want to shill it to oblivion because you made a big freaking fortune off it and you want more people to get involved because you want to liquidate a lot of some of those assets so yet again um declaring where you are declaring finding out the quality of everyone contributing that is extremely important so you know this year i'm opening up to that idea as well um we got how can i join the telegram group for five minutes so we okay so two things so duck dow you guys can join by purchasing the duck dow dime so that's for duck dow for my own telegram group it's closed right now so we don't open that up all the time but we will open up for we'll open up that chat discussion for monday so if you come during the live stream on monday i'll give you guys a special link and then you guys can join just this is just a way to filter out uh people and make people value their you know their time and effort in that chat so that's gonna happen on monday uh uh we got some uh topics and discussions we got um we actually got a good feedback point interest arcs is angela when i remember back a few years ago box mining views got tens of thousands of views on average but he had less ups than he has now i don't think the trend is back up it's actually quite interesting but um 2017 obviously all the videos just flew and blew up this year i'm actually noticing a different trend videos get views like slowly and uh it doesn't seem to be on the first few days that they get views it's like the the pattern of content consumption is extremely different um obviously we're not as hype obviously even if you look at the searches for bitcoin so if you look at uh trending phrases for bitcoin obviously it's not it's definitely not at 2017 highs i think 2017 highs on a whole new level i feel like this is very like early 2017 where the the community is extremely enthusiastic everyone is very positive this is where people also made the gains that's why people are positive if you look at early 2017 this was like it was the most fertile ground ever and then i had the most views not in early 2017 that's when i started growing the channel and that's what we're happening now we're seeing more new people subscribing we're seeing more content we're seeing bigger growth of the community but it really exploded towards the end of 2017 when the bubble was about to pop that was when everyone was watching that was when like every video was like 10 20k 30k views plenty of comments people recognized me everywhere but that was towards the peak and then once people thought you know once people were you know retail is always like that as well like a lot of people who didn't know they're not in crypto they haven't looked at crypto they just bought some crypto because they thought it was cool those people got severely burnt right so that was a narrative going from 2017 2018 when the whole entire space just kind of almost collapsed on itself right ethereum at one point was 16k uh 1600 not 16k 1600 and obviously people who are into it rolled that wave down or crashed people unsubscribed like crazy 2018 2019 people unsubscribed people thought oh this guy's a big scammer or whatever you know you know unfortunately that's the case right you can't um the market is extremely hard to time not everything is going to go up but that's the case so i think we're still not at the heights yet i think we're still like at the early i'll compare this to the early 2017 days where it started gaining momentum people started making a lot of money but at the same time we're not as peak yet the people that are smart and making money right now and i've talked to a lot of people who've made seven digits during this time makes me look like an idiot because i did not make seven digits yet um soon hopefully fingers crossed but yeah that's kind of the case right now where um a lot of people have been finding good digs making a lot of money it's great and we talk a lot about that also on the defy yoge farming chat so i'll leave that to you guys to watch the one um a lot of people are asking about yo farming it's kind of funny because we talked about yo farming like ages ago and it's kind of funny as well um you know there's a lot of people who call me out and say oh box mine you're a scammer for talking about yo farming and all this stuff and uh um i actively changed the way i presented this channel not to be a presentation of what's good but rather an account a first-hand account of what's happening so that was very active i mean if you look at it right i started yo farming about a month ago so this is when my first video was out i was like super undecided if i should talk about yo farming or not because at that time it wasn't very mainstream it wasn't very popular and it's way more profitable at that time than now right that's kind of the craziest part and i was telling a lot of people about yo farming during that time and i thought you know what if i'm telling my friends i should tell you guys because you guys are also my friends right so i made the video i'm like okay look let's make this video about yo farming it's also one of those videos that got a lot of views over time it's right right now sitting at 21k so it it gets up and people were saying big connect people are gonna get burned you know the initial comments were pretty negative to be honest people didn't like what was going on people didn't realize what was going on some people thought it was good information so this guy was like h says great information notification squad congrats h but some people were you know rightfully so very careful and uh i'm not saying it's bad i think i think being careful is extremely good and we should have all have different risk tolerances but if you look at how wifey went and you know literally when we were yo farming this we got this for literally free right um but yeah now it's like at 14k that's insane that is insane um you know that's just life right so you know i was happy i benefited a lot off this whole yo farming craze um i was one of the earliest ones there um if you guys are following my channel you guys probably are turning into the yo farming degenerates as well but please do note that it's still extremely risky this this the um the prices don't validate whether it's right or wrong it just validates if value was created or not and value was created with all these yield farms out there with wifey having all this you know why earn vaults are up now there's a lot of governance votes everyone's loving this governance system um there's so much being added the speed at which why fi yf is being developed it's just absolutely crazy so yeah um value was created in the space defy yield aggregation is a thing now and you know that's that's just the magic of it whether or not it will last forever i don't think so like i said in the discussion group as well with the defy chat with bobby young and the clanggecko guys i don't think this will last forever i don't think this uh right now your farming is crazy because it's when a lot of new coins are issued that's why like you know we got yflink we got yfv we got cream uh recently a lot of people are talking about sushi swap sushi swap is apparently a thing it's real um but it's also extremely dangerous guys i just took a look at it it's like this morning i was taking a look at sushi shop it's like it's crazy but anyways with all these things happening right now um it's extremely dangerous but there's also a lot of extreme innovation here i mean if you guys learn from yam yam is a good example of that john tio says are you into cream yes i was one of first miners of cream too um very very first i told you guys all about cream on day one actually day zero before even launch i talked to you guys about cream yet again a time when i took some risk and it paid off it paid off and even with like not just risk with cream but also with wifey too um you know that was a case where i took some extreme risks um that was like people bash me so hard for this and yet again i don't want to gloat but i'm like you know what i just want to say at least it paid off at least it paid off i hope you guys got the right information right now wifey too yet again pushing to a thousand delivering products uh the whole china narrative um if you looked at it was kind of funny i was talking about the chat show i was on it turned out there was another wife a wifey two key signer there so cao ying is one of them he was the one sitting there on the chat show with me yeah china is actually pretty big on this stuff interesting interesting very very interesting but i'll um show you talk to you guys about that later so guys we have a lot of people watching make sure you guys smash up those likes it's really important that you smash up those likes it really does help this channel i just i don't want to be too pushy on it but please do do please please please do smash up the likes i do this for you guys um yeah it's like the easiest thing i'm leaking a lot of information the least you can do is smash up that like button that's uh uh that's the key huh uh we have a lot of questions about can i do farm your farm with low investments um right now gas fees are really high so it can kill off your yield but generally speaking i say like understanding what it is is kind of fun and interesting uh not financial advice of course nothing on this channel is financial advice etc etc etc um blah blah blah so anyways yeah uh but yeah even if you like mine for a thousand i think if you mind wifey one with a thousand i think it would be pretty well off right now um if right back in the day but now it's like there's now there's a lot more risks as well um going into something like yfv um the amount of research it takes to research these projects is extremely long um um yfv i talked about like earlier and i was extremely suspicious about yf because their contracts are heavily modified their smart contracts are heavily heavily modified and that did yield to some problems so well not yield that landed to a few problems so there was one minor problem with the yfv staking pool where people can't there's unstake can be delayed um and then yeah there was that was pretty much most of the fud but yeah um with these smart contracts to deploy rather quickly and it takes it takes a lot of time but with yfv i did actually talk to the developers behind it um they're not scammers but they're um and they actually handled the transparency very well so it's one of the cases where i'm actually quite actively mining yfv right now that's just kind of what the case their yields have gone down a lot uh when i first started and saw this pool the yield was roughly 3000 apy it was really insane it was like six percent per day i was enjoying that um now the yields are roughly for this pool around three uh 367 so hmm that's not too cool uh you know i guess it's still good yield okay but you know i'm spoiled i'm spoiled i'm spoiled from the three thousand percent days um but you know that's just saying um box mining do you find do you farm ympl so it's yet another one of those coins that takes too much research so yesterday i saw it but i did not research it into it deeply um it's another rebasing coin um i saw it a lot of people were asking me to to see it uh it's a 50 50 pool right so the first pool that they introduced is a 50 50 ympl to eath pool so it's already a liquidity mining pool which makes it extremely dangerous and i just said at that time i don't have enough time to do enough research into it so i might miss out on some great yields but at the same time i could have prevented myself from major disaster with these farms so no i did not look into it uh yes i will look into it this weekend when i actually have time but for the time being i haven't i looked at sushi swap um yesterday too um sushi swap the verdict is here um they wrote their own contracts which makes it a lot more dangerous so it's one of those guys that are super cocky and they made their own contracts for everything instead of taking the average uh wait sushi swap doesn't exist maybe they got banned low low low low that'll be funny that'll be funny so oh there we go there we go it's they're not banned right there they're there sushi i just i just i just misspelled sushi yes i'm tired but anyway sushi swap um there's two things to think about it so um okay i'll do a quick description if you guys are interested in this um sushi swap they're trying to clone unit swap that's why it's not just sushi but it's sushi swap so it's kind of like unit swap but they haven't deployed their own fork of unit swap yet but what they're doing is um very soon they're unlocking their pools to stake so you stake your unit swap pools and then you use that to eventually use your sushi to farm sushi swap so that's kind of the narrative and the story i won't go too much into it but that's kind of the story so it's not a nonsense just a meme coin but it's all it's a it's a coin that has a purpose it's a clone of unit swap and um it functions a little bit differently from unit swap where if you want to be on sushi swap you have to stake sushi and the two assets and it's a little bit more interesting and dynamic there's instead it's a more heavily incentivized version of unit swap verdict is this so a lot of people don't like it because you're kind of they don't like the philosophy the long-term philosophy of building unit swap on top of unit swap there was the argument there yesterday there's also people who were very suspicious of their staking contracts because they did not use standard staking contracts but at the same time there are people like i don't want to miss out on something crazy like this um i don't know um i haven't decided yet the pools haven't opened yet so i don't i'm gonna take up a decision soon i might just farm it maybe with a very small amount maybe like a one-tenth of what i'm farming with i think that's pretty much what i might start off with depending on how safe your contracts are and if they get audits um right now i'm pushing like audits super hard i'm talking a lot to the guys at hacking i'm like you guys have to start improving and start acting on this like i know quant stamp trail bits uh so many auditing firms are always also on this um i actually have a soft spot in my heart for hacking i really like the guys over there i met them up in ukraine before um i love the engineers they're like super top notch you're so smart and i'm like you guys have to be in there so you guys have to make this space safer for us so that's that was my stern session there okay um but yeah so just be very careful though um the contracts are not audited so there you go a lot of people are asking like crypto sam says what is a good amount for farming um i'll say this i said this during the the stream yesterday but um when i started farming i started off with literally a hundred bucks even when the fees were like literally a hundred bucks um to withdraw and to gas fees ethereum gas fees are very costly right but i also started with a small amount the reason why is because if i started off with a larger amount i wouldn't be confident it's like almost like doing a test send it's a very expensive test send so i started off a small amount i got confident and i grew um i'm uh in retrospect compared to a lot of crypto degenerates i'm extremely cautious but compared to a lot of kind of mainstream people i'm extremely degenerate it just depends on what scale you look at but i always try to play it safe doing test sends researching about it after i'm in the pool um you know starting to figure out doing some maths behind it it's that's kind of the way i work so um there's no right answer this is not financial advice i don't try to advance advice people but one of the strategies that i did deploy definitely was to do a test send so in terms of protocol and procedure a test send or a test stake is pretty much um you know important um we got rasval sophie asks uh xbox mining um uh fleeing out of the top 100 good coins for d5 projects leading um there's definitely a lot do you okay wait there's a question do you think some not all of the projects you're seeing all of a sudden lately is because it's a big distraction for most top cryptocurrencies in general continued that's actually a good question so do you think some not all of the d5 projects we're seeing all of a sudden lately is a big distraction for most top cryptos in general not a distraction dude they're just competitors this field is extremely competitive d5 actually has a good reason to be around in fact um i think a lot of people are discovering for the first time the power of it if you are as actively farming yield farming as i am first of all um i use a lot of d5 products i use maker dow to collateralize my eve to become die so i created some die coins that's number one that's a d5 product i also use compound before i've same similar concept lending and borrowing platforms similar to cream so cream as well i'm using cream a little bit more than compound because the incentives are better right now i'm also yield farming also using aggregators also in the curve pool there's a lot of functionality there because now you have lending and borrowing on blockchain now you also have defy yield aggregation you also have the ability to swap between stable coins you also have the ability to mint stable coins with synthetics mint different assets with synthetics it's absolutely crazy like d5 may not be just a competitor i think you know it it could be viewed as a competitor but also it gave crypto a lot of functionality that is extremely key like if you think about it even with the renminbi example where renminbi markets are dictated by the chinese government you know could you set up a giant pool for renminbi versus usd in the future could that be a bigger exchange pool than what we're seeing otc's all of a sudden you're seeing all these uses of on-chain transactions on on-chain huge pools of some huge pools of money on chain they all gonna solve a lot of problems like a lot of problems we just started we just started scratching the surface with you know some stable coins and then you know with some automated market making but that's already revolutionized how the entire space functions i mean back in 2017 i was talking a lot about this because i was thinking of starting my own project so i've been doing that a lot in the back end as well that's why i'm like so tired but um what we've been seeing is in 2017 projects were all asking to be listed exchanges and existing uh our the exchanges were playing hard to get they're like ah you know that listing fee you can put as much money on the table and we'll we'll think about it we'll think about it that was a that was a position exchanges were in in 2017 because they had so much power people just wanted to have access to the exchanges users people wanted to have access to liquidity people wanted to have access to easy exchange but now all of a sudden right now coming into 2020 the projects are like we don't need you uniswap boom bam throw it down put out our own liquidity pool crowdsource that liquidity oh you guys want to contribute a pool fine we'll give you some rewards in the meantime too you know here's some drops like look at what mta is doing mta you put mta into their pools yeah sure you get some apy out of that too so now they're crowdsourcing their own liquidity now they don't need exchanges right now all the exchanges like oh we'll list you for free oh come on come on come on come on um give me your address right now we'll list you we'll list you we'll list you and in fact a lot of exchanges are listing even listing ious for different various projects they're like oh you know what we're just gonna list you beforehand that change in power is extremely apparent in this year and that's why defy like it just completely changed the landscape completely absolutely so i don't think it's a distraction i think it's like um you know the rising tide uh brings up all boats i just saw hacking they're migrating their token from um from uh not migrating they're also adding liquidity pools on uniswap to the token as well and i feel like this is the accessibility we need we need more cross-chain we need more assets crossing we'll have a very interesting talk with ramp as well ramp defy coming up today um make sure you stay tuned for that but being able to cross chain unlock liquidity all of this is super super important and this is also the rising tide that brings up all boats like if you think this is a distracting you from the top 20 coins you are gravely mistaken because this is also what's bringing up the top 20 coins because top 20 coins are also saying you know what we want uniswap pools we want to be playing this game too we want to be able to be staked and then to be able to get value that way it's super i yeah it's definitely the rising tide that brings up all boats it's for sure 100 percent um so we got some requests for different coins we got parasic actually i'm researching very very deep into parasic right now they are crazy in terms of people who in terms of what people are looking at it's it's just absolutely insane um parasic is something you definitely want to look at um absolutely uh we got orion talks about orion protocol um the wolf of main street says d5 will pop soon for sure absolutely d5 if b5 is not popping now it will pop extremely extremely soon so a lot of people ask for different opinions of different coins like i said i'll always try to get to it as soon as possible there are just so many coins um in terms of investments right now i'm looking at a portfolio of 30 different odd 30 odd coins um i did some calling over the week as well because um like i said this whole illiquid issue is becoming a pretty big issue if i'm holding so many coins where where are my where's my capital coming from right so that actually became a major issue for me this week where you know i actually had to liquidate a few of my coins i don't really value very much so i can make room for newer coins and newer investments um so i will talk about as many coins and as many projects as i deem possible a lot of these are first-hand accounts i hope you guys can appreciate that of stuff that i feel is important for me um and you guys of course as well like i take recommendations and then i take what um you know everything i get back and i try to make the best episodes possible but at the same time uh my time allocation to be honest i'm allocating a lot more time on the investment front um just because right now um i feel like it's a time to do research this is a time to do it uh maybe i feel quite pushed by a lot of my friends who have made seven figures um during this period of time um i talked to a few of my royal friends um yeah they they made seven figures easy um which i'm like what am i doing with my life right um but at the same time i'm also controlling myself quite well because when you're motivated you should be motivated but you shouldn't be hyper aggressive i feel like a lot of people can also have the fear of missing out um it's such a big emotion where you feel like everyone's doing better than you and you're just trying to take these aggressive plays because you want to catch up or whatnot um that is a very bad emotion to have um i'm absolutely fine with missing out on a few 10x's i've like this this session this this this season has been extremely good for me already um the yield farming thing went extremely well um everything did well definitely within you know a really really good number there i'm not going to say whatever numbers i get um you know i'm closing up on some good numbers there uh but right now i'm spending a lot more time on the investment on the researching front um just because it's just most profit for me just just saying that i want to update you guys as well i want to cover every point that you guys want to cover but at the same time i'm looking after myself too i think this is just to play an honest truth um i know a lot of people you know a lot of youtubers they spend most of their time on content production and they don't invest that's not me i'm like yeah i don't i'm not spending time on like i'm not going to spend ages on content production i'm just going to invest and make money like why not um proto list says are those seven figure friends previously worth seven figures or did they reach seven figures with low cap they're worth way more they're seven to eight figure friends there are some people who are really rich um yeah that's just the way it is um yeah there's some whales that are extremely good but yeah i know one particular whale that made at least uh possibly seven figures from just mining wi-fi i told them about it they went eight crazy and then they won't mind it at least made seven figures off wi-fi i think i think we don't always be real numbers but i think my deep suspicion is you know yeah um bjj says what are you farming thoughts about yfl yfee i'm mining both why not um yfell been mining for the longest period of time ever since launch um yfee also um i mined a little bit at launch so at the launch i only staked in the staking pool so i didn't do any of the mixed the kind of liquidity pools but then recently i told you everyone after i talked with the developers behind it and they kind of assured me they're getting their contracts audited they assured me that they have their own income for themselves so they're not going to exit scam and then they i saw how they update the community that was why i went bigger into yfee as well uh czmp says yo michael cheers awesome guys there's lots happening i mean um also on the trust website people were asking about trust swap and chain games so chain games had a successful launch on trust swap platform i think they're doing quite well um i think it just sold out within like they did a initial liquidity offering i was like sorted out i'll definitely research more as one of those gaming projects that i'm like oh my god this is so ambitious i hope you guys can deliver on some stuff and maybe even check out the chain games um actual game as well so definitely stay tuned on this channel for that but definitely yesterday i did not have time to check out everything i just congratulated everyone thank you um thank you everyone and you know i had to kind of move on and do a lot of stuff so there we go uh angela says i'm in on temp um timestamp duty thank you so much angela thank you thank you i got a cause i must um you know so you got czmbb says come on guys smash up those likes so we'll do one thing so you guys are all heroes for staying so long um you guys probably heard me rant for way too long it's been an hour or something already so um i'm trying to do more you know appreciation on right now so uh we're not gonna do t-shirts today because t-shirts i realized people want them sent out quickly so i don't want to send out um t-shirts every day but uh we're gonna do some giveaways for engine blockchain assets so this is the case where i talked about my collectibles um let me just double check let me put it on the correct wallet so i actually have a lot of box mining collectibles here so those are kind of nfts non-fungible tokens on box mining so we're gonna give a few of those away so you guys probably need an engine wallet for this so i'm just saying not probably but you do uh probably is an understatement i'm still i'm such an understater that's just me but anyways um so i have my own uh assets so we'll put it we'll find it there we'll find where's box money there box mining is here so we have um quite a few assets so i think we're gonna do this one this is a box mining collectible it's worth 30 inch so it's worth at least ten dollars you can melt that down and become ten dollars but if you do that's shame on you shame on you if you destroy any of my assets so the way these assets worked are they're non-fungible tokens there's a limited supply of these there's a total of only 70 um 97 holders there's a total supply of 477 for these uh these are created two years ago i was i thought that i had this great ambition of getting them out for free but anyways uh i got a little bit lazy i'll be honest i'm like you know what um yeah uh i don't know how to deal with them but we're doing that now we're doing that now okay we're doing that now so anyways guys type in your engine address right now i will choose them at random we'll give out let's say like two okay two we'll give us some other ones for consolidation prices but uh i'll be out of these very soon if i give them away too quickly so we'll give out two today so just put your engine addresses on um i'll just give you guys some time to start now i'll pick them up at random what i'll do is i'll set a timer and whoever has um i guess i'll pick one up out at random or something like that so there you you go czmvb thank you for being here as well um michael asks box money are you holding doc dow dime tokens yes um i actually did buy them as well at market uh oh oh oh oh oh i'm gonna show these um i don't know why um facebook chats blocking this so we'll do that giveaway today um also thank you guys so much for um subscribing and hitting the like button while we're doing this i'm also going to set up the stream for next session so we can come and talk so my live sessions are here we can show them up here so there we're now doing the monday one so monday 11 a.m that's the one that i'm doing right now and then we'll do another one on monday so we're doing a friday one and we're doing the monday one coming up monday is also sunday in the u.s time so just just know the world is round uh i recently watched that documentary on flat earphones it's just insane right people are crazy people are absolutely crazy um schedule a stream so let's see defy i'll claim and also by the way it's big shout out to uh swissborg as well if you guys haven't used swissborg um to buy or sell cryptocurrencies it's absolutely beast uh no other way to describe it it's like everyone's asking me like if you guys want to get in if you guys want to have friends to that want to get into crypto swissborg is becoming one of the best ways to buy cryptocurrencies especially if you don't want to touch coinbase and i know a lot of people don't so right now the marketplace for bitcoin it's directly on the app you can use and buy especially right now in europe and in hong kong and asia it is popping like you can buy bitcoin especially if you hold um 50 000 swissborg you can buy it with no fees so there's no spread no fees it's absolutely ridiculous like you can just buy and sell crypto like super easy so if you guys want to bring people into crypto right now swissborg is pretty much your right way to do it i recently pretty much got super involved in their community really love that community really love the app as well so if you guys want to check it out i'll put a link um here as well i have an affiliate code it does give me some like scratch coupons as well and you guys can use your own affiliate codes afterwards as well if you guys want to invite your friends on too so you know that's always a plus and bonus so anyways that's my mid uh br back okay so i just posted up my new video chat as well just trying to do my house is all the housekeeping today um and guys by the way thank you guys so much for watching um all right and also let's give out some points so let's go let's go for woo jason i saw that first when i first reloaded it um woo jason congratulations um i'm going to send you one of my nfts as well dbox money nfts um let me just telegram that to myself oh well because you know i don't know any other better way to send myself a message but um here we go put that put that on um also by the way don't dox yourself guys um if you guys are you know um sending and receiving stuff on this these giveaways and stuff um just use a new just new use a new um bitcoin address or something i forgot to tell you guys that first but you know all right let's send you so i have let's send you like 93 box mining nft 93 um just a big tip you guys want to um if you guys have it and you guys don't want it just sell it on the marketplace because it's worth a lot more than you know what it could forget whatever you can melt it for all right boom so we'll do one giveaway there done send that to jason woo uh and then we'll send one to academy as well unfortunately google banju but i'll put that as a show i'll send that to academy as well send you one there two all right your assets will be sent shortly let's see it will arrive in your access corner by the way um it won't arrive in your main account it'll arrive in your assets account so anyways and um receiving so receivers address paste that next um sending that boom all right speed all right um uh uh chris jane roo says i see one of your videos features swissburg yes um yeah recently been pretty heavily looking at swissburg also took up a pretty big position at swissburg uh because i feel like man we need more people coming in i think that's that's kind of the next big wave right um if this is early uh 2017 um if this is like still that early midsection uh what i kind of foresee for myself i'm planning for first of all is there was a dip in 2017 um just very early on when like there was too much of a spike we got a dip that lasted almost a month you know that could be something that we need to be careful of right now and then afterwards it's a great explosion and the great explosion led to things like exchanges completely out of order like you can no longer register for exchanges even binance had to shut down doors for a while right that was insanity that was happening in 2017 so i'm looking at services that can bring the masses into crypto um that's one of why reasons why i took on swissburg and also took on you trust as well took a position there because you trust are allowing merchants to accept crypto and i think that's going to become something that's quite big as well as there are more and more crypto users more more crypto users want to use crypto to pay for stuff and i've actually been doing that quite a lot recently and i really really really do not like coin payments i really do not like point payments so if you guys are any merchants please use you trust rather than coin payments i don't like them also i don't really like coinbase payments either so yeah there that's life anyways guys um let's do one last one i guess i'll do dk casper we'll do we'll do a consolidate we'll do a minor price i'll give you something else i still have a lot of these i'll i'll give you a um let's see i'll give you a crypto survivor i guess if you're a survivor actually no now you have to be a survivor to be a crypto survivor i'll give you a world of blockchain gaming that makes a lot more sense right so um let me see how to send that to myself i'll send that to your address let me up soon so yeah so 2017. i actually need a new pack of engine collectibles i just never had the time to do it um to move your item so you can send it on melted instead ah oh why can i have to stop sale okay i hope ethereum is not slow today so i hope you guys got it um ethereum could be slow i'm sending it with 62 gui and mice fail it might it may let me let me just check uh if ph gas station dot info all right 60 is not bad today is actually really cheap for gas um i did not expect that uh usually i've been paying a hundred gui or whatnot for gas but yeah interesting interesting interesting times uh everyone wants a box money nft now congrats uh we'll try to have a better way to do it um to do these giveaways um i asked also about engine beam before we had this qr code that we can beam on um codes to use you guys just damn it with the wallet and then you get it but right now because of how expensive ethereum gas fees are it's like it's it's a it's extremely expensive to do something like that it's like i think it's out of my budget range so anyway so we will probably do the manual process for now until we're ready to kind of move on to something that's better so anyways that's that's kind of my two cents on on everything there so yeah fat all right i'm gonna do the last one all right next um there we go all right so yeah uh best name around what do you think about wax a lot of people saying wax is cool guys um they're actually doing a lot of collectible cards i actually need to pay a lot more attention to as well we have a few interviews with wax as well um they're actually doing like a crazy amount they have their own custom blockchain as well so yeah pretty much and we've got czmvb says efinity coming up soon um robot robot says um michael how many grand vehicles do you have i have two so i have the snowflake which i don't have here as a home i also have the other one which is the cream color dial um gmt so that's pretty much what i have there um i actually bought them during this current uh run up because yield farming was just so great uh i was like you know what that's my that's my that is my the treat to myself so yeah so this is the the other one i have um yeah it's pretty cool it's pretty fun um yeah like yeah watch things don't do it don't do it uh watch things are watch hobby is super negative it just locks up your capital for no particular reason um yeah there we go anyways guys um that's pretty much it for today um i think i covered everything i wanted to cover uh okay some news things as well celsius got a lot more investment that's pretty cool i thought that was interesting um people actually like centralized decentralized finance it's kind of ironic but you know it's interesting it's interesting um i'm taking a closer look at celsius as well i'm preferring obviously to do everything myself i'm hardcore like that i don't trust in centralized services but you know what if they raise 20 20 million dollars that's great congrats to them um there was another case about um korea that i saw recently so ooh binance and oasis labs launch an intelligence sharing platform for exchanges so um oasis is something that i've been researching a lot into as well um i'm trying to get on a call a podcast slash video with dawn dawn is like one of the smartest people like she was one of the leaders of all the so-called professor coins always has been one of the top professor coins like the biggest contribution so um that was kind of what's happening in 2018 and definitely want to catch up and figure out what's happening with oasis as well so we're trying to do an interview for that next week um yeah there we go when will your moon bjj asks when will your moon videos come out people love these videos uh people love coin videos all right um i'll sort it out i mean moon planes are extremely dangerous so i always try like my natural inclination is to not make it because i feel like people are gonna be all box mining you shiller and all that stuff but you know this season's right i probably should tell you guys what i'm holding etc um stupid thing was that uma is something that was holding um yeah and worked out pretty well so anyways i'll definitely make a video um we got showboat baggins it's did michael cover cream i've always been talking about cream but i think i've talked enough about cream but i'll talk about all this d5 i'll talk about i'll make some of d5 moon coins or whatnot video and i'll make some other you know more obscure moon coins it's kind of funny because like the weirdest thing about moon coin videos is that if you talk about a project that no one knows about you're like oh you shiller and you know that's a scam coin but then like if it moons people like oh my god why didn't you tell me about it earlier um that's kind of the funniest thing i mean if you look at jeff kardakis i featured him in a lot of the videos he's actually a really good friend we worked out a lot in bali we did some crazy stuff in bali but no one paid attention because people didn't care but now with trust swap chain games uh one up like he's like a superstar now so you know it's always about finding really good powerful people or not really powerful like non-douchebags i would say like it's really important to find friends that are not douchebags and just to find people who are really passionate and that's the key to the future so anyways um i've box money are you excited about the bzrx lot relaunch i actually hold bzrx but i have not i researched that much about the uh um relaunch so anyways yeah uh all right uh that's that's pretty much it uh that's pretty much it umma launched yeah guys thank you guys so much for watching this video uh and that's pretty much it we need a box mining video oh this is great we angela says we need a box mining video featuring his top 10 i told you so moments people hate me for that people would just hate me for that i can just see that right now they're like don't feel like a anti-box mining army it's like this guy's so cocky this guy's an asshole all right that's pretty much it for me guys guys thank you guys so much for watching shout out to the notification squad thank you guys you guys are awesome and thank you for all the shout outs last in the live stream with i'm playing gecko guys thank you guys for the team you guys i really appreciate you guys just shouting out like talking about it it's just great thank you guys so much this week we'll do some more updates um i'll update you guys a little bit i'm actually moving quite aggressively thinking about what i can contribute in this space as well so i hope fingers crossed that goes well um being in a lot of talks actually going out today as well um to talk about um a few ideas with friends just getting that kind of early stage planning doing and building out a team i've actually already assembled a lot of cool people onto a team so you know stay excited stay cool stay aggressive see you guys very very soon