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Messages - Bitmager

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DeFi tokens / What do you think of PeakDEFI as a low cap gem?

« on: April 01, 2021, 01:20:33 PM »

Hey guys, check out PeakDeFi(.com). I'm not on the team but I think the project has a lot of potential if you're into DeFi. You can stake PEAK in the portal and if you refer people and they stake too, you both get a reward.

It also hasn't pumped yet, so it's likely not too late to get involved.

Cryptocurrency discussions / PeakDeFi as an alternative to HEX? People got rich off HEX's referral system

« on: March 02, 2021, 05:27:02 AM »

If you guys played around with HEX when it blew up over the summer, you remember how crazy it was. People who got in early made a ton of money because of the way HEX is structured. The entire thing is basically just a referral program where you earn commission for referring people to the platform.

I recently came across PeakDeFi and thought it was interesting. You can stake PEAK and earn passive income, invest in their decentralized "hedge fund", or refer friends to stake.

The referral is the way you make serious money. If you get others to stake using your referral link, you get 10% of their earnings from staking in the form of PEAK, which is huge. You also earn a percentage if the people you refer then refer others. If you referral enough people, you could have a ton of passive income coming in. This is very similar to what happened with HEX and why so many people got rich off of it. Thoughts?

Community Coins & Tokens / Yield Bank - The all-in-one DeFi Bank

« on: December 15, 2020, 10:55:40 AM »

Website: yieldbank.finance
Telegram: t.me/YieldBank

The biggest issue facing the space right now is that yield farming, trading, lending, borrowing, and other decentralized finance activities are scattered across a host of different platforms. Yield Bank offers an all-in-one set of features previously only seen across several platforms, as well as some unique ones and groundbreaking tokenomics.

Here are some of the features that Yield Bank will offer:

• Two tokens, the yB and yCash tokens, with fixed supplies and a deflationary token burn and buy system where both tokens' prices are greatly supported

• Liquid Lend: Loans using LP tokens as collateral

• DeFi Futures: Decentralized futures trading based off the Uniswap liquidity pool model with transactions and settlement on a L2 solution

• LP market trading: locked liquidity pools for the yB and yCash pairings creates a market for trading and arbitraging multiple LPs, with the fees from trading further adding to the value of the liquidity pools

• Vaults: a way for users to earn interest on their cryptocurrency through the implementation of various automatic trading strategies

• yGasSaver: multiple transactions are combined within the ecosystem to save users on gas

• Auto-Compounding: An option that can automatically convert users assets into the proper ratios needed for staking. After rewards are earned, the auto-compounder can then reinvest all rewards by exchanging rewards for LP tokens and staking them

• Account Numbers and Wallets: Easy in-house wallet creation + onboarding, and custom account numbers pegged to each users ETH address

Let me know what you think.

Ethereum Forum / dApps (decentralized apps) vs. hApps (hybrid apps)

« on: October 13, 2020, 12:58:05 PM »

Decentralized apps have plenty of solid use cases. However, as we've seen with Ethereum, a fully decentralized internet has its share of problems - it's slow, clunky, and extremely expensive.

A project called Sentivate (sentivate.com) is introducing hApps, which will have access to both centralized and decentralized processes. These hybrid apps will have the primary features that current decentralized systems have like direct payments to other users (without using servers/third-party intermediaries), but also have access to centralized solutions that can allow for massive performance increases. hApp developers should be able to deliver a far better user experience, but at the cost of not being 100% decentralized.

What's your opinion on this? Do you think hApps will gain popularity in the space?