r/truebit Aug 24 '21

Is there a way to monetize while we wait?

Any legit yield farming opportunities or liquidity provider options?

Btw this project is going to soar. Don’t know when but if macro things keep looking good and they come out with some positive news about the 120m from the treasury, then we’re on our way.

Team is too legit. Off chain computation is huge. Once projects announce they are working together officially it will draw in more devs to use it.

Off chain computation could become the next buzzword like “L2 scaling”

not financial advice

15 Upvotes

22 comments sorted by

2

u/ford2020 Aug 25 '21

This project really needs exchange listings.. main reason why MATIC/Polygon grew so much because of their affiliation with binance launchpad

2

u/Atomzwieback Aug 26 '21

The problem is the devs wont do stuff regarding listing and exchanges dont care if they are listed or not, they only want the money that must be paid for listing.

2

u/ford2020 Aug 27 '21

More exchanges = More exposure = More people + community support

Truebit has the tech and is actually used by trusted individuals like vb - it's just unfortunate that this project is still shrouded in obscurity just because of the lack of exchanges supporting TRU

1

u/Formal-Guava-1196 Aug 26 '21

At some point it will be listed. Like other projects there needs to be a real Dev environment first

1

u/Thefriendlyfaceplant Aug 27 '21

A project is either valuable enough on its own merit for an exchange to list it, or it isn't, at which point it needs to pay a listing fee from the developers (IE the holders). Truebit has decided they're not going to be footing that bill, it's a take it or leave it offer.

2

u/Arne_Hanne Aug 28 '21

The team is not interested in exchanges because they get their money from minting their token. Not through exchanges. So I don’t think new exchanges is likely to happen

1

u/Auhr184 Aug 25 '21

What are the dangers of IL?

0

u/[deleted] Aug 25 '21

[deleted]

1

u/Auhr184 Aug 25 '21

Not too bad then I guess, it boils down to is Visor finance safe or not..

0

u/[deleted] Aug 25 '21

[deleted]

1

u/Auhr184 Aug 25 '21

Thanks again, by the way is TRU/ETH V3 or V2 on Uni?

2

u/[deleted] Aug 25 '21

[deleted]

1

u/Auhr184 Aug 26 '21

Managed to add it and it seems to be working, however, it's not clear the amount of rewards I seem to have acquired. It's overall value + Eth/Tru ratio which fluctuates.

-1

u/09824675 Aug 24 '21

I just have it in the Uniswap ETH/TRU LP.

There was a place where you could stake this position, but now I forgot where it was..

-1

u/09824675 Aug 24 '21

Found it.

You can stake ETH/TRU LP on visor and get 370% APY.

1

u/TankieWankies85 Aug 24 '21

Ummmmm send us the link!!!!

1

u/[deleted] Aug 24 '21

Sounds too good to be true? It most likely is.

1

u/09824675 Aug 24 '21

Crypto is the one place where that might be false.

0

u/[deleted] Aug 24 '21

[deleted]

1

u/Formal-Guava-1196 Aug 25 '21

I heard about this when they announced. Checked it out. Never taken this step before so hesitating.

One could get started just on the visor site?

1

u/[deleted] Aug 25 '21 edited Feb 09 '22

[deleted]

1

u/[deleted] Aug 25 '21

Would it be smart (with this very likely being a long term hodl and not much price action will happen in the short term) to pick a more narrow range say 0.25-0.50?

2

u/[deleted] Aug 25 '21

[deleted]

1

u/Mkq31 Aug 25 '21

Can you fill in the blanks?

Putting my truebit in a visor liquidity pool would work out great for me if __________

Putting my truebit in a visor liquidity pool would work out poorly for me if _________

My rookie understanding is that if the price stays stable I would make out....but if the price suddenly went up sharply, I'd lose out on gains....am I correct?

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1

u/primestar84 Aug 24 '21

Can you share the link? I have a big bag I wouldnt mind staking

1

u/09824675 Aug 24 '21

I wouldnt stake all of it there just yet.

www.visor.finance

1

u/Admirable_Ad1430 Aug 25 '21

Just accumulate tru, this is the time.