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The inspiration for this article came from the unlikeliest source, an ad on a Youtube video I was listening to while in the shower. It went somewhere along the lines of, “our bonds allow investors to earn a market-beating 3 to 5% APY during this time of historically low-interest rates.” It got better… “You only have to lock your money in for up to 6 months to earn these competitive yields!”
My first thought was… HA! But then it brought me back to reality and made me think… are yield farming rates turning me into, dare I say, a degen? I don’t think that to be the case. I really don’t. So now, I’m going to convince myself in this article that I’m not. I think the younger crypto investors call this coping?
Right now, at this moment, I have Vapor/BNB earning me a measly 2,278% APY in a compounding vault. Ridiculous if you stop to really think about it. I calculated the average pre-compounding yield across my portfolio in BSC Defi. I’m sitting at about .5%, per day, or 182.5% APY. So what’s my point? I think it’s time to sit back and take a minute to put perspective on these yields.
With a quick google search, I discovered that “High Interest” savings account find themselves with landing around .5% APY. That’s lower than the average inflation rate. If I leave my money in a savings account, I’m losing.
I had a CD when I was a teenager and deposited small amounts with every paycheck. I remember the interest rate being around 6%, which was considered pretty good! According to bankrate.com, the best available CD’s are about .6% APY, with a 5-year commitment. What?
Using an ETF screener, I sought out the highest yielding bond funds available on the market. The top fund yielding fund with the symbol TYD has a 10.25% Dividend. Not too bad. I know nothing about the fund.
I happen to like real estate investment trusts to diversify into real estate while earning a dividend and maintaining liquidity. Using the same ETF screener, the top REIT offers a 10.19% APY.
Individual stocks often offer dividends and can range in the single-digit territory. I think it is great that you can hold ownership in a company you believe in while earning a share of the profit, but the dividend is usually nothing to get too excited about. AT&T, for example, pays a dividend of about 7.1%.
I was having a discussion with my financial advisor and we got on the topic of stable coins, particularly in De-Fi. He was trying to understand their risk factors after I told him I could pull 20% APY from holding USDT (At the time of writing this the APY for USDT in Beefy is actually 30.7%). Ultimately, it came down to… while the risk factor is low in the crypto landscape, there are obvious risks regarding smart contracts, wallets, etc. Rather than considering this a cash position, it is best to consider it a low-risk crypto position. I can live with that, and the 30% APY it offers. I would not utilize stable coins as the vehicle for my emergency funds, but It’s probably next on the list in terms of the best place to park some cash.
BTC and ETH both come in with APY’s in the mid-teens in Beefy Finance. This may not be the best yield, but considering the hypothetical upside potential, it’s a strong reward for holding the biggest crypto assets long term.
De-Fi liquidity pairs offer APY’s ranging from 30% to 100% on most of the large-cap cryptos, this yield is magnified when a yield optimizer is added into the equation.
When looking back through this list of a wide variety of available interest rates in the market, It’s pretty obvious that the incredibly high APY’s in the hundreds or thousands is simply bananas. Even a 30% APY on USDT is a bit mind-boggling. To me, there are only two variables that exist to account for the high APY’s of BSC yield farming: Risk and market efficiency.
This leads me to one question that I can’t quite shake:
To me, the obvious place to assess this question is the current APY of USDT. If the current savings rate is .5% in your bank, while USDT can earn 30% in Beefy, is the stable coin 60 times riskier than simply holding cash in a bank account. I don’t have a way to measure this, but I find that to be unlikely. It is my best guess that BSC yield farming rates are at a point of extreme inefficiency, and the high rates are not necessarily an indicator of excessive risk (don’t get me wrong, there is plenty of risk, and we should all know that by now).
I think, or at least have a hunch, that more funds will flow into the space causing yields to drop in most cases. That sounds bad, but could also be good for us early adopters of BSC, as the inflow of funds should cause an increase in asset prices. For now, the growth of the ecosystem is outpacing the inflow of funds, keeping rates high and earning potential intact. I’m going to get it while the getting’s good and wait for market efficiency to catch up. At least that’s my bet on BSC.
Disclaimer: Don’t read this to mean a 15,000% APY is simply due to inefficiency and you should yolo next month’s rent at it. Don’t do it.
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Incubation processes prepare gaming projects for launchpads by leveraging the opportunities offered by blockchain technology. Every launchpad on Binance Smart Chain (BSC) aims to connect with numerous communities by successfully pitching projects to target audiences and access project funding.
GAMI World is a launchpad and incubator platform that aims at achieving these goals. The protocol merges the gaming world with blockchain technology, connecting their community with leading names in the gaming and blockchain industry. In addition, leading names of gaming and crypto industries are involved in the unique gaming and finance (GameFi) launchpad as advisors, founders, and partners.
The platform's primary purpose is to provide blockchain-related know-how and technology for GameFi projects to help them reach larger audiences and raise funds to develop their projects. Therefore, the GAMI team and advisors put their effort towards creating a healthy ecosystem. In essence, they carefully choose the best promising projects to be launched by GAMI. The public sale of GAMI token will be on October 28th on their platform.
Many projects have little or no knowledge of blockchain technology in the GameFi industry, but have a gaming-based idea they want to launch. GAMI took a bold step towards addressing this issue by launching the launchpad and Incubation center. Therefore, projects without experience can leverage the platform to obtain the ideas needed to achieve desired growth in the gaming industry.
GAMI seeks to build the little shiny gaming ideas until they evolve to become top crypto gaming projects in the long run.
GAMI's core features are embedded in its incubation process, consisting of eight unique stages to develop projects in the GameFi ecosystem. The core features/incubation process include:
The token tier system on GAMI is fair for every IDO participant. Every tier has a guaranteed allocation, and the pool weights in each of them are balanced, ensuring that every user is satisfied with the number of tokens realized no matter the tier they fall into. In short, IDO participants do not have to worry about their choice of tiers because the pool weights would yield a decent amount of tokens to each and every one of them.
The token tier list includes Rare, Heroic, Epic, Legendary, and Unique:
Minimum Staking required: 300 GAMI token
Duration (Lock-in Period): 5 days
Guaranteed Pool Weight: 10x
Minimum Staking Required: 500 GAMI token
Duration (Lock-in Period): 7 days
Guaranteed Pool Weight: 20x
Minimum Staking Required: 1,000 GAMI token
Duration (Lock-in Period): 10 days
Guaranteed Pool Weight: 50x
Minimum Staking Required: 2,000 GAMI token
Duration (Lock-in Period): 15 days
Guaranteed Pool Weight: 100x
Minimum Staking Required: 9,000 GAMI token
Duration (Lock-in Period): 30 days
Guaranteed Pool Weight: 500x Plus Private Sale Access
The GAMI token public sale will commence in a few days.
Public sale participants belong to a tier according to the number of tokens they have, even though their tokens are locked. GAMI took to Twitter on October 22nd to announce the public sale and whitelist details. Users can enter the highest tier as it is still early.
“The time has arrived. The public sale of GAMI token will be on October 28th on gamiworld.io. Whitelist coming soon. IDO: October 28th. Listing: October 29th. Price: $0.1. TGE: 25% and then 25% monthly. Initial Market Cap: $253,125,” tweeted GAMI
GAMI will partner with YellowRoad and SafeLaunch, to launch the public sale on October 28th. SafeLaunch and YellowRoad are IDO platforms built on BSC.
The GAMI team is full of professionals with gaming and blockchain backgrounds who are aware of the pros and cons of the crypto ecosystem. In addition, they are well equipped to fix any problem that may arise. GAMI covers a large portion of the gaming ecosystem. The protocol focuses not just on Play-to-Earn games but also e-sport teams, gaming platforms, and influencers.
With its innovative tier system, accessibility, and guaranteed allocations, GAMI World would ensure that everyone participates in its IDO processes.
GAMI does not launch projects that they do not believe in by heart. The protocol’s goal remains to avoid projects without use-case. In essence, GAMI will not launch projects that offer nothing to the community other than providing tradeable tokens. They are entirely focused on delivering the highest quality gaming projects with real utility. Therefore, GAMI’s goal is not to launch numerous projects but to launch the right, promising projects.
To learn more about GAMI World, visit the following links:
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Meme coins are going through the roof right now and it seems as if almost everyone is in on the action. However, before FOMO takes over you, you need to know that not all meme coins are built the same. Many really are only about the hype, but some are here to stay - if not flourish - into the future.
Little Baby Doge is a meme coin that could last for a long time, given the fact that the project goes beyond the speculative mania that drives most cryptocurrencies. Apart from it being a meme coin, Little Baby Doge is also active in the fight against climate change (a global problem that needs immediate action now and in the future).
Little Baby Doge (LBD) is a hyper-deflationary cryptocurrency project with a revolutionary reward program guaranteed to offer anyone in the Dogecoin family a plethora of lucrative deals. Built on the Binance Smart Chain, Little Baby Doge will offer its holders free BNB through its token burn process. The fun doesn't stop at that; the LBD platform also comes with a lottery, a swap and farm platform, and an NFT marketplace. Not only does LBD work to empower the average Dogecoin fan, but it also fights for a noble cause which is to raise funds for protecting the environment.
According to LBD's road map, Little Baby Doge is just getting started. This stage of growth will involve partnering with social influencers to inch the project ahead and increase awareness. Plans are already set for CoinMarketCap and CoinGecko listings, not to mention promotional marketing campaigns to grow the number of holders past the 10,000 mark.
Given that all LBD holders will be able to earn up to 3% through instant auto-staking and rewards generated from daily transaction volumes, it is very possible for this coin to gain mass adoption within a short time.
LBD's strategic buyback approach is also a huge incentive in LBD’s capacity to retain value one year from now. Tokens are burned from every sale order thus discouraging whales from selling and encouraging holders to retain their diamond hands.
Add that to the noble cause of joining the fight against climate change with the partnership of influential climate change activists such as Greta Thunberg, and you have a meme coin ready for take-off to the moon.
To learn more about Little Baby Doge, visit the following links:
For now, the growth of the ecosystem is outpacing the inflow of funds, keeping rates high and earning potential intact. I’m going to get it while the getting’s good and wait for market efficiency to catch up.
The inspiration for this article came from the unlikeliest source, an ad on a Youtube video I was listening to while in the shower. It went somewhere along the lines of, “our bonds allow investors to earn a market-beating 3 to 5% APY during this time of historically low-interest rates.” It got better… “You only have to lock your money in for up to 6 months to earn these competitive yields!”
My first thought was… HA! But then it brought me back to reality and made me think… are yield farming rates turning me into, dare I say, a degen? I don’t think that to be the case. I really don’t. So now, I’m going to convince myself in this article that I’m not. I think the younger crypto investors call this coping?
Right now, at this moment, I have Vapor/BNB earning me a measly 2,278% APY in a compounding vault. Ridiculous if you stop to really think about it. I calculated the average pre-compounding yield across my portfolio in BSC Defi. I’m sitting at about .5%, per day, or 182.5% APY. So what’s my point? I think it’s time to sit back and take a minute to put perspective on these yields.
With a quick google search, I discovered that “High Interest” savings account find themselves with landing around .5% APY. That’s lower than the average inflation rate. If I leave my money in a savings account, I’m losing.
I had a CD when I was a teenager and deposited small amounts with every paycheck. I remember the interest rate being around 6%, which was considered pretty good! According to bankrate.com, the best available CD’s are about .6% APY, with a 5-year commitment. What?
Using an ETF screener, I sought out the highest yielding bond funds available on the market. The top fund yielding fund with the symbol TYD has a 10.25% Dividend. Not too bad. I know nothing about the fund.
I happen to like real estate investment trusts to diversify into real estate while earning a dividend and maintaining liquidity. Using the same ETF screener, the top REIT offers a 10.19% APY.
Individual stocks often offer dividends and can range in the single-digit territory. I think it is great that you can hold ownership in a company you believe in while earning a share of the profit, but the dividend is usually nothing to get too excited about. AT&T, for example, pays a dividend of about 7.1%.
I was having a discussion with my financial advisor and we got on the topic of stable coins, particularly in De-Fi. He was trying to understand their risk factors after I told him I could pull 20% APY from holding USDT (At the time of writing this the APY for USDT in Beefy is actually 30.7%). Ultimately, it came down to… while the risk factor is low in the crypto landscape, there are obvious risks regarding smart contracts, wallets, etc. Rather than considering this a cash position, it is best to consider it a low-risk crypto position. I can live with that, and the 30% APY it offers. I would not utilize stable coins as the vehicle for my emergency funds, but It’s probably next on the list in terms of the best place to park some cash.
BTC and ETH both come in with APY’s in the mid-teens in Beefy Finance. This may not be the best yield, but considering the hypothetical upside potential, it’s a strong reward for holding the biggest crypto assets long term.
De-Fi liquidity pairs offer APY’s ranging from 30% to 100% on most of the large-cap cryptos, this yield is magnified when a yield optimizer is added into the equation.
When looking back through this list of a wide variety of available interest rates in the market, It’s pretty obvious that the incredibly high APY’s in the hundreds or thousands is simply bananas. Even a 30% APY on USDT is a bit mind-boggling. To me, there are only two variables that exist to account for the high APY’s of BSC yield farming: Risk and market efficiency.
This leads me to one question that I can’t quite shake:
To me, the obvious place to assess this question is the current APY of USDT. If the current savings rate is .5% in your bank, while USDT can earn 30% in Beefy, is the stable coin 60 times riskier than simply holding cash in a bank account. I don’t have a way to measure this, but I find that to be unlikely. It is my best guess that BSC yield farming rates are at a point of extreme inefficiency, and the high rates are not necessarily an indicator of excessive risk (don’t get me wrong, there is plenty of risk, and we should all know that by now).
I think, or at least have a hunch, that more funds will flow into the space causing yields to drop in most cases. That sounds bad, but could also be good for us early adopters of BSC, as the inflow of funds should cause an increase in asset prices. For now, the growth of the ecosystem is outpacing the inflow of funds, keeping rates high and earning potential intact. I’m going to get it while the getting’s good and wait for market efficiency to catch up. At least that’s my bet on BSC.
Disclaimer: Don’t read this to mean a 15,000% APY is simply due to inefficiency and you should yolo next month’s rent at it. Don’t do it.
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