• 5 Posts
  • 5 Comments
Joined 1 year ago
cake
Cake day: October 31st, 2023

help-circle


  • Bro. Was just about to rant about this. Unless you’re one of the dev of these apps/dapps/tap tap whatever wanna call them. You’re basically an idiot. I’ve spent weeks just trying to figure out how to create a liquidity pool that doesn’t exist anywhere, how to create a pool on Solend, trying to understand what the French toast physically happens when “impermanent” loss happens, etc etc.

    And when you get on the different discords. They either don’t give you a straight answer or tell you it could be a lot of things. For being “decentralized” all the power seems ti be centralized to a handful of apps and the people that run them. And they don’t seem inclined to share.

    Like in your Situation. There’s no place to just go and insert token name, upload picture, add funds, and click “go” and boom your live.



  • Well I can see having to show your ID to buy and getting attached to something as non fungible as crypto is neither a concern or difficulty for most people lolz

    If you happen to find yourself in the can’t verify to send crypto. Here a route. I broke my id can’t buy sol anywhere lol

    Moonpay was $30 minimum and pretty sure I had verify. Could be wrong.

    But hey at least I got it in and now I’m ready for this run lol





  • Ofc we can go to the stake bros cousins down the street. The lenders. We supply the stake token and borrow another token, but can only borrow less than what we supply, and now have to pay back interest also. If token we want is not available, swap borrowed token could mean I pay back more if said token increases in value. Additionally the fees I would pay are on my sol are now chopped up between validators, staking protocol, lending protocol, and finally me. Doesn’t seem very liquid to me.