20094
This group is about DeFiChain - a project that is bringing DeFi to the Bitcoin ecosystem! For more info: https://defichain.com
A summary of what happened in the Defichain space last week:
• What is DeFiChain Labs?
• DeFiChain X Space with DeFiChainDomains
• JellyVerse partnership with Dmany
• ebox is now live on the MetaChain Testnet
Read here:
https://inthemarket.beehiiv.com/p/metachain-testnet-innovations-new-partnerships-community-spaces
For information about products and services of Bake, please visit 🌐 bake.io
or join their official Telegram channel:
💬 /channel/Bake_EN
quantum bridge is going to take 0,3%, but then you may have to pay additional fees on your end so that the transaction can go through
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If anyone has different thoughts or sees it differently do lemme know
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There is no interest in the sense of a debt obligation -> In that sense, no.
I would say the APR is more comparable to dividends though, since the return depends on factors like block rewards and trading activity (commissions). -> In that sense, yes.
There are pools that are incentivized with block bonuses from the defichain and those that are purely commission-based ✅.
you can easy check this with defiscan for each pool:
https://defiscan.live/dex/dBTC-DFI
I did the research but it seems theres much more to it than what i thought
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ok. you can set up a Masternode with 20k DFI. Nothing less nothing more. But, you have to run your masternode 24/7 on a computerand operate this. If not your do not play the consensus and will not get any block - and earn nothing. Is this a kind of work you are searching for?.
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thix group is about defichain, not bake.
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The only questiokn i need answered, is there interest involved in any way with LM on bake.io
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Maybe we shouldn't switch topics too much, especially if you don't know much about defichain yet then it just gets more confusing. Masternodes and block generation and the functionality of the DEX are two different things.
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Where do you see interest in terms of traditional finance in any DEX and hence the pinciple of Liquidity Mining in general ? Do you know how the blockchain and DEX wit AMM (automated market maker) in general work? Providing Liquidity to DEX pools and earning in terms of transaction fees and/or by inflation (blockrewards) - is this interst for you?
In addition: you have to create blocks for any blockchain - wich is not part of any LM.
here you can find more information about the consensus:
https://defichain.com/white-paper#consensus
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!bake You need a defichain wallet to interact with the DEX and create a wallet address.
Then you can deposit DFI, swap, trade, join liquidity pools, open vaults, mint tokensc etc.
You cannot stake directly, unless you run a masternode with 20K DFI.
If you want to stake or have more beginner-friendly functions, you can try Bake, which offers DFI services among other coins. You can join their group and ask there.
how to deposit my DFI for dbtc/dfi pool?
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Does anyone know if any of these colors in the pic represent lending? I dnt think so but would like conformation
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hi Aaron, you should probably wait for now, maybe eth is having some problems
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Thanks. Dividends are good cause theres risk, interest through any means is not (for me personally).
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Therefore id like to ask you guys who kmow much more the simple question thats the only thing i need answered. Is there interest in LM or not?
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You are right, but currently I have the feeling that this is not understood by you here and you throw things into the room that you do not understand. Go through step by step, you realize that many here are interested that you understand.
Step 1: Bake.io is not Defichain. They offer users the possibility to use Defichain services easily, but nothing more.
For information about products and services of Bake, please visit 🌐 bake.io
or join their official Telegram channel:
💬 /channel/Bake_EN
And you get the 20k DFI from where? They have to be bought, so it's an investment. Then in terms of run costs, there is a difference between PoW and PoS. That is one of the advantages or disadvantages in the two consensus mechanisms.
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Transaction fees is not interest for sure. Inflation depends on the process. If theres no work involved and your getting coins simply for having them then thats interest. If theres some work involved like with POW and some cases POS (pos arent all equal) then no
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Let me ask if differently. Is there interest involved in any way with LM?
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Explain this in layman terms. Im not a programmer or coder
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