RE: Monero Superiority
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The best course of action is to use Monero AND Thorchain. Both offer amazing utility. Haven will also be added to Thorchain this year too, which will give Monero users easy access to the Haven network's xUSD, the first ever 100% private stablecoin, that can be exchanged with NO 3rd-party needed right inside the wallet via mint and burn. Simply trade Monero for Haven (XHV) on Thorchain, the Haven is sent to the wallet, and boom...you can mint xUSD or other xAssets like xBTC, xCHF, xEURO, and even private gold price exposure.
Thorchain bringing these ecosystems together with no-KYC is fucking awesome.
Welcome to the future gentlemen.
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Yeah, this is really exciting. I need to do some reading on Haven... that sounds super cool.
Glad you found it interesting bro. I plan to do a few short posts on Haven coming up on some examples of use cases. Really good time to buy at the moment too, its only $1.98 now. Its still very niche, but the community so far is very loyal and excited. Buying some and becoming an LP (liquidity provider) can also make some passive income too, but just make sure you fully understand the concept of impermanent loss before doing any LP stuff, since it is possible to take a loss.
But if you have any questions, feel free to ask. I wish Hive had a way to post comments of their profile like Twitter/other social media.
Thanks! Ya, I am all over the LP's... so IL is not a foreign concept. I will be looking for your posts on Haven. I am pumped about this project... it looks like it has a lot of potential.
Good man, yes LPs are great for the long term, once you overcome the impermanent loss it really starts to add up, especially if you really hunt for the best ones. It's like owning a small part of the exchange without any of the startup costs...brilliant.
Totally. The future of investing is LP'ing... and to be early to the game when APR's are still really high is nice. In 10 years, the big DEFI platforms will be proven super safe and will give 2-10% or something (which still kills the banks). It is nice being in on some farms that are paying 100% with good assets. Fantom/USDC on Spookyswap comes to mind.
Yes I agree that in the long term as more and more people come into the space, the APR will be more like 2-10% for the big platforms that are super trusted and that most people use, while the smaller ones will be more like 10-25% but with more platform risk. The 100%+ APR yields will soon be only for the first week or 2 after being listed, and maybe a few random shitcoins that have no liquidity. Smaller networks may retain moderately high yields though, and perhaps that is what will keep some of these 2nd rate smart contract platforms afloat for some years. You can still get 20-35% APR on AVAX network for instance even on some major blue chip pairs, but yes the trend is definitely going slowly down, I expect those percentages to be 20-30% lower a year from now.
In the long term, a few years from now, I think that ETH will be the clear leader with maybe 2-3 other major networks that get ~80-90% of the traffic combined, and a few (2-4?) smaller secondary ones that corner some niche or have some kind of unique feature, and everything else will be 1% or less of the market, and will be on life support or dead. The faster this happens the better, as our current situation of having 50+ smart contract networks only hurts the market overall by spreading the users and money too thin. But always having half a dozen or so major SC platforms will be good, as competition is of course good for the consumer/investor.
Btw I followed you, cheers.
I have followed you as well.