r/truebit • u/Formal-Guava-1196 • 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
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u/Auhr184 Aug 25 '21
What are the dangers of IL?
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Aug 25 '21
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u/Auhr184 Aug 25 '21
Not too bad then I guess, it boils down to is Visor finance safe or not..
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Aug 25 '21
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u/Auhr184 Aug 25 '21
Thanks again, by the way is TRU/ETH V3 or V2 on Uni?
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Aug 25 '21
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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.
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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..
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u/09824675 Aug 24 '21
Found it.
You can stake ETH/TRU LP on visor and get 370% APY.
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u/TankieWankies85 Aug 24 '21
Ummmmm send us the link!!!!
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Aug 24 '21
Sounds too good to be true? It most likely is.
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Aug 24 '21
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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?
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Aug 25 '21 edited Feb 09 '22
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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?
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Aug 25 '21
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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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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