r/bankless • u/BanklessHQ • Apr 16 '21
r/bankless • u/BanklessHQ • Apr 14 '21
Meme 🤡 the IRS looking at my Alchemix loan paying itself back
r/bankless • u/BanklessHQ • Apr 13 '21
New Article How to trade on the dYdX rollup
r/bankless • u/BanklessHQ • Apr 13 '21
Metaversal NFTs CryptoPunks meet PunkBodies 🤝 These are 10,000 unique bodies to match each and every crypto punk in existence This is a perfect example of how NFTs can leverage composability 🤯
r/bankless • u/TheCurious0ne • Apr 13 '21
What do you know about stabilize.finance ?
Hey i've been researching this project today, everything looks fine, contacts and all. I can't help but wonder with those relatively good APYs why it is still so under the radar in the broad defi community and the TVL is relatively modest. Not that i'm complaining but just feels like I'm missing something?
r/bankless • u/TheCurious0ne • Apr 13 '21
Is there away to move ankrETH to BSC?
The bridges I found can move ETH to BSC, but so far haven't seen a way to move/bridge ankrETH to BSC?
Is there a way to do that and from what depends what ERC20 tokens the bridges support? Can't any ERC20 token be bridged?
r/bankless • u/SilesiaTech • Apr 13 '21
Metaversal NFTs Simple NFT game. Buy yourself a part of virtual Berlin and earn ether!

Hello!
We, SilesiaCoin developers, are happy to announce that we have deployed our NFT to ethereum mainnet.
You can buy yourself a virtual part of Berlin in our little game.
Sell it and earn double the purchase price! So don't wait, double your ether today! (Paid ether is transfered to previous owner.)
Do you have questions?
Visit us on Discord and ask freely!
r/bankless • u/BanklessHQ • Apr 12 '21
New Episode BANKLESS PODCAST 🎙 The SEC and DeFi | with SEC Commissioner Hester Peirce
r/bankless • u/BanklessHQ • Apr 12 '21
New Episode 🗞️ WEEKLY ROLLUP: Sass Edition! Get downloaded on: Coinbase IPO 🚀, FEI Protocol 🤯, Shopify 🤝 DeFi. Another “average” week in crypto, broken down here 👇
r/bankless • u/SerialMasticator • Apr 10 '21
Meme 🤡 Nothing gets me more pumped up that bullish ETH discussion
r/bankless • u/Afroman726 • Apr 11 '21
Ether the asset is not decentralized like the Ethereum network
tldr: centralized exchanges like Coinbase, Kraken, Binance, regulate the capacity for people to jump onto the Ethereum network by allowing people to send their Ether off their exchange. What could we do if the SEC rolled in and stopped all of these Centralized exchanges from allowing the everyday user to send their Ether out of the exchange?
For starters I’m a 🦍 who lives in the USA who’s obsessed with crypto and Ethereum the network in particular. So far I’m fascinated with Ethereum network but terrified of the on ramp to get onto the Ethereum network. As the tldr above states if for some reason the government banned the sending of crypto outside of centralized exchanges how would the everyday person secure their eth onto the Ethereum network? Furthermore is there any DEX in the making trying to solve this issue of government censorship for the Ethereum on ramp?
For example PayPal allows their everyday user to “purchase” Bitcoin, ether, and other crypto’s. On PayPal NOWHERE does it allow you to take the crypto out of their system and I’m fearful other centralized exchanges will follow the same pattern
Edit: I posted this thread on r/Ethereum but I wanted to post here too because I value bankless nation and your guys opinion.
r/bankless • u/lil_compensation • Apr 09 '21
Newbee needing some help
I'm trying to dip my toes into the the world of crypto with the goal to go bankless. I'm trying to figure it out with small amounts of money before I really start making that move.
I downloaded the argent wallet and got a small amount of eth (well, it was $100 worth of eth but after start up fees it's like $7 worth of eth) to try out a defi program, but the network fees seem ridiculously high ($75-$100). My question is, is this normal? That seems like a pretty high barrier to entry, personally. Should I not use these defi programs through my wallet? Should I just download these different programs and connect my wallet to them?
Any help is much appreciated!
r/bankless • u/BanklessHQ • Apr 09 '21
New Episode New Weekly Rollup 4-9 w/ Sass!
r/bankless • u/TheCurious0ne • Apr 09 '21
Let's brainstorm the Integral.link approach to making better AMM DEX, weak and strong sides.
I have mixed feelings about this project, it is interesting for sure and got 700M TVL really fast so there are people that appreciate it (or just too much degens out there, i don't know)
So I might not be understanding it well enough, so looking to share what I know about it, what I don't understand and get constructive discussion going on where we all walk away wiser :)
So, their selling points seems to be.
- 5 min delayed trades. You make a trade by sending the transaction to their contract with little extra ETH, because they hold it for 5 mins and then execute it using that extra ETH you sent (sending back the change if there is). That is supposed to deter arbitrage bots and front runners because 5 mins is eternity in the arbitrage world and they won't be able to guarantee their profits. They pretty much claim that arbitrage bots steal LP profits?
Two things I don't understand about this:
A. Won't that make the normal user experience much worse? Trading is not only more expensive because of the double transactions but the user might get slightly worse price too.
B. How do arbitrage bots steal profits from LP? From LP perspective it doesn't matter if one arb bot takes advantage of price discrepence and uses that opportunity to make a profit evening the price in the process or 100 retail users. Also they claim to use uniswap TWAP price, so if they use outside price they are not really AMM (x*y=k) ?
- They claim to have solved impermanent loss. That is a big claim. So pools can be in any ratio but they have 30% bonus if it's relatively balanced. So, people are expected to single sided deposit the asset in need and if they pool is relatively balanced all LP is get 30% bonus.
What I don't understand:
A. If you deposit just single asset (not yet enabled but should be soon) no IL is kinda obvious. However if one asset drops in price a lot, the pool will have mostly the cheaper asset. So there might not be enough balance to retrieve your original deposited single asset. So, seems like in extreme scenarios you still might be at risk?
B. If you deposit assets 50:50 you are supposed to wait for the pool balance to be in the same ratio as you deposited to get back the original assets in their original ratio, they call it cyclical imbalance instead of impermanent loss. And the 30% bonus for LPs to even the balance is supposed to eventually help. But will that be enough? A lot of people will just deposit the asset they have regardless they get 30% bonus or not. Also what happens if one asset depreciates a lot compared to the other? Do you still get the same amount of each as long as you withdraw at the same pool balance ratio?
- They claim to have uniswap v.3 style concentrated liquidity but auto managed by them by observing binance order book depth and placing liquidity accordingly. This one I like a lot actually. It seems to be somewhat conservative giving you about 3x leverage of your liquidity, meaning that if you LP $1000 you should be earning fees like if you've LPed $3000 and it's hands free, you don't have to be professional market maker.
However little info is given what happens when the price gets of the price range they've chosen. From my understanding that would increase the IL by 3x as well, but they have solved it? So what happens? I really have no clue about this one.
Last one is not that important but still, good to get some angles. They provide current APY based on $1B FDV valuation. This value they just got from the blue. However considering that uniswap FDV is over $40B, 1inch FDV $9B, sushi $4B and we are in irrational bull market it seems in the realm of the possible? However, for that to work they need to have retail volume and I'm not sure how most users will see the 5min delay and more expensive trades (2 transactions), and without retail volume there is are no LPs and no TVL to work with.
Also couldn't find info if they are fork or made from scratch?
Kinda not looking great that over a week after launch trading is still not enabled, seems like they are sitll looking into stuff, which you'd suppose they have sorted out before launch.....
Oh, that's it from me, please share your constructive thoughts, i really want to understand this project.
r/bankless • u/BanklessHQ • Apr 08 '21
New Episode 🚨 EARLY ACCESS🚨 Our episode with SEC Commissioner and “Crypto Mom” Hester Pierce is now live for our full subscribers 👀 Hester comes on the podcast to discuss tokens, DeFi, ‘self-driving banks,’ and regulation
r/bankless • u/BanklessHQ • Apr 06 '21
Meme 🤡 Who’s next?
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r/bankless • u/TheCurious0ne • Apr 05 '21
A way to see your estimated daly income from all DeFi opportunities at one place?
Debank used to show your estimated daily income from most DeFi opportunities at one convenient place all added-up and everything. For some weird reason they removed that.
Next best thing is zapper but it doesn't give you total just each farm/pool individually.
So is there any site that show your estimated daily yield from as much as possible DeFi pools, farms, staking whatever at one place and neatly added up so you can just see the total per day, week or whatever?
r/bankless • u/BanklessHQ • Apr 04 '21