Hey guys! Just a reminder to do health checks for your farming wallets. Make sure to periodically disconnect from protocols & check in on your contract approvals. We went through this a while back & I think it is generally broader knowledge these days, contract approvals have the potential to be nefarious or compromised. Remove contract approvals to ensure that they will not compromise your tokens in the future. For this you can use tools found on etherscan or other network forks. Generally speaking, open approvals on strong and trusted protocols are low risk, but if you see anything weird you should revoke it.
Token Approval Tools 👇
ETH: https://etherscan.io/tokenapprovalchecker
BSC: https://bscscan.com/tokenapprovalchecker
Arbitrum: https://arbiscan.io/tokenapprovalchecker
MATIC: https://polygonscan.com/tokenapprovalchecker
FTM: https://ftmscan.com/tokenapprovalchecker
AVAX: https://snowtrace.io/tokenapprovalchecker
Token Approval Tools 👇
ETH: https://etherscan.io/tokenapprovalchecker
BSC: https://bscscan.com/tokenapprovalchecker
Arbitrum: https://arbiscan.io/tokenapprovalchecker
MATIC: https://polygonscan.com/tokenapprovalchecker
FTM: https://ftmscan.com/tokenapprovalchecker
AVAX: https://snowtrace.io/tokenapprovalchecker
Hi @ all - there are liquidity issues bridging to FTM right now, I just tweet out a thread on how to retrieve your funds if this happens to you. Please share if you know people who are having trouble with this (❕the first image of this thread is labled incorrectly, addressed in thread) : https://twitter.com/CryptoFinally/status/1485290191917142021?s=20
Twitter
CryptoFinally
🚨 If you have liquidity stuck in a bridge via Multichain / prev. Anyswap (or spookyswap) - How to get it out 👇 Go to @MultichainOrg website, click "Pool" Find the token you bridged & the network you bridged to, you should see your $ in the pool under "Your…
I just put out a tweet with the links to the revoke tools I shared in here a couple weeks ago, not everyone knows how to do this - plz share with friends if they haven't learned: https://twitter.com/CryptoFinally/status/1487987569786863621?s=20&t=LmtRY_x44tMWq-WRq-Woyw
Twitter
CryptoFinally
Think you approved a malicious contract? Don't freak out. Revoke it 👇 ETH etherscan.io/tokenapprovalc… BSC bscscan.com/tokenapprovalc… Arbitrum arbiscan.io/tokenapprovalc… MATIC polygonscan.com/tokenapprovalc… FTM ftmscan.com/tokenapprovalc… AVAX snowtra…
🔉🔉❗️Doing another AMA & want to address some new strategies in the new market conditions - if you have any questions please leave them in the Twitter comments & I will answer them here: https://twitter.com/CryptoFinally/status/1501652111473393673?s=20&t=rq0CXS7cymT1b8dsK-5QvQ
Twitter
CryptoFinally
doing an AMA on my new #defi strategies. join in my telegram channel: t.me/cryptodefinally ask questions on defi here in the comments 👇
I want to address the fact that the DeFi landscape itself is very new, fast paced & ever changing - things that were true 6 months ago might not be true today. for this reason, I have tried to keep all advice as generally applied & geared towards literacy in the DeFi space.
Please always make sure to continue to seek updated advice & resources as you move through DeFi & farming. I will continue to update you in here as well.
➡️Anyway please ask some questions on Twitter, looking forward to answering and sharing a little more of my recent strategies & resources.
Please always make sure to continue to seek updated advice & resources as you move through DeFi & farming. I will continue to update you in here as well.
➡️Anyway please ask some questions on Twitter, looking forward to answering and sharing a little more of my recent strategies & resources.
🔉On Excitement & Fear: I like this question. My excitement in the DeFi space comes from the possibility we haven't seen before, self custody & passive earning. When it comes to my current strategy, I've worked really hard to put myself in a position where nothing keeps me up at night. Always make sure you sleep well with your farming, that is the purpose of generating a successful passive revenue stream. If you lose everything trying to farm it was all for nothing. But also, the political climate / war & impending economic collapse definitely keep me up at night.
(⁉️ https://twitter.com/TheeCryptoDaddy/status/1501653555136143361?s=20&t=rq0CXS7cymT1b8dsK-5QvQ )
(⁉️ https://twitter.com/TheeCryptoDaddy/status/1501653555136143361?s=20&t=rq0CXS7cymT1b8dsK-5QvQ )
Twitter
Thee Crypto Daddy
@CryptoFinally What are you most excited about? What keeps you up at night?
^ Arthur Hayes articles & esoteric Cobie shitposts also keep me up at night. I recommend you start looking into both. But also stay convicted in your footing overall, no amount of information should override what the correct financial decision is for you. - *This is not Defi related, I just believe it's important to continue to consume & process information that helps you become a more well rounded market participant.
Let Arthur Hayes enlighten & simultaneously scare the sht out of you here: https://cryptohayes.medium.com/
Let Arthur Hayes enlighten & simultaneously scare the sht out of you here: https://cryptohayes.medium.com/
Medium
Arthur Hayes – Medium
Read writing from Arthur Hayes on Medium. Co-Founder of 100x. Trading and crypto enthusiast. Focused on helping spread financial literacy and educate investors.
🔉 On Risk: My current farming portfolio is extremely risk averse, highest percentages being in stablecoins or “safe” indexes primarily made up of BTC / ETH / Stablecoins - Any “risky” farming that I’m currently doing is in single asset, and any LPs are with faith for a long term strategy, or set up at a advantageously low time period.
I’m generally averse to dual asset LPs these days because of impermanent loss, and the overall volatility of the market. Be careful with this. For the dual asset “risky” LPs I do have set up, I’m prepared for some level of loss on them, and may be naive about the level of destruction possible. Either way, I’m prepared for that risk, by only risking a small percentage of my portfolio.
For the strategies you take v portfolio size - I’m always recommending a percentage outlook, and a risk zone on your net worth. I would implement the same strategy for a small portfolio as you would a larger one, while being careful of your “risk zone” which may change in value or percentage as your portfolio does. (⁉️⁉️ https://twitter.com/0xrelied/status/1501842169333784579?s=20&t=7jb83f6HWYYBIUIB99YGAA)
I’m generally averse to dual asset LPs these days because of impermanent loss, and the overall volatility of the market. Be careful with this. For the dual asset “risky” LPs I do have set up, I’m prepared for some level of loss on them, and may be naive about the level of destruction possible. Either way, I’m prepared for that risk, by only risking a small percentage of my portfolio.
For the strategies you take v portfolio size - I’m always recommending a percentage outlook, and a risk zone on your net worth. I would implement the same strategy for a small portfolio as you would a larger one, while being careful of your “risk zone” which may change in value or percentage as your portfolio does. (⁉️⁉️ https://twitter.com/0xrelied/status/1501842169333784579?s=20&t=7jb83f6HWYYBIUIB99YGAA)
Twitter
0xrelied 🫐
@CryptoFinally How would you personally divide your farming portfolio with regards to high-risk volatile assets and stable coin farming ? Would you personally recommend different farming strategies for different portfolio sizes ?
🔉 On Nodes: To be honest with you, I think that there is likely a great future for nodes in the defi ecosystem but this is something i've spent less time looking at. I fear that I will regret that. If you are someone who is interested in nodes I reccommend researching as soon as you can. If there are other aspects of the ecosystem that interest you more, look into researching those. When you find your thing, you find it. (⁉️⁉️ https://twitter.com/KnowYourCrook/status/1501972562330411013?s=20&t=7jb83f6HWYYBIUIB99YGAA)
Twitter
Know Your Crook
@CryptoFinally Buying/stacking nodes seems to be the hot new thing right now. Any thoughts on node projects?
🔉 On Hard Passes: I will not invest in evident low marketcap ponzis. I will not convince myself that I am early on a protocol that has been created by 3 guys in a living room somewhere. I will not invest in tokens with tax mechanisms on sales or farm in pools that take a percentage commision on my collateral when staking & unstaking. I don't use copycat protocols unless they serve a purpose, have TVL or backing. While I do have collateral, I want a 100x just like the next guy. The reasons for the hard passes are because of lost money, because its not worth the risk, and because I've realized - if you really want to give it all back, its extremely easy to do so. (⁉️⁉️ https://twitter.com/KingCoolMN/status/1501683088627277825?s=20&t=7jb83f6HWYYBIUIB99YGAA)
Twitter
KingCoolMN
@CryptoFinally What do you hard pass on at this point? And is it because you don’t need to expose yourself because you are already financially sound or have you just learned that lesson already?
🔉 On Research & Investments: I love researching new projects, I am pretty much always researching to some capacity, but I am not always investing. The only times I'm really moving around my farms or reinvesting are when I'm uncomfortable in my positions, or see a good opportunity. Not all shiny things are good opportunities. Things that fascinate me are usually newer high TVL protocols, strong investment backing (strong investment backing, not like, your friend has a fund and they got in on the round), overall functionality and new expansions of tech; for example - I don't get excited by copycat AMM dexes, thats not something I really look into anymore. I'm always "chasing" because that's where the opportunity is, but you don't always have to be the first in line to take advantage of new opportunity. (⁉️⁉️https://twitter.com/KingCoolMN/status/1501682622270947331?s=20&t=7jb83f6HWYYBIUIB99YGAA)
Twitter
KingCoolMN
@CryptoFinally How often do you invest in new projects/ coins / protocols? How often are you looking to? Just curious if you are still chasing them or if you just pick up on some that find their way to you.
🔗 Another great article to enlighten & scare you, this is a really good read Cred just posted this morning. *Not DeFi related, but I am going to keep sharing resources that I think will help you to navigate the market safely. https://medium.com/@cryptocreddy/conceptualising-capitulation-25993e40c7f8
Medium
Conceptualising Capitulation
When speculators give up.
i am not currently emotionally prepared to read this, but arthur hayes just released a new article & i always recommend: https://cryptohayes.medium.com/the-doom-loop-161a42bbcd50
Medium
The Doom Loop
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor…
ongoing front end exploit on Curve rn - https://twitter.com/CurveFinance/status/1557107088962224132?s=20&t=6WK4o5YgzuhzRzbkrbZxbg
Hey guys. Still here, hope you are too & that everybody is surviving right now.
Over the past few months we've seen an increasing need to understand self custody, that is, removing the need for centralized exchanges & the associated risk of custodying funds in the wild west. People need DeFi.
If you can still see me on twitter (I'm a ghost), you've seen I'm talking a lot about creating a DeFi literacy guide, at which point I will also become more active in this channel. I am well in the process of the guide right now & am looking for feedback on what you want covered.
🔉 If you have any questions / fears / concerns about DeFi, getting started, risk management, understanding protocols, black swan events, anything - please ask in the attached Tweet. https://twitter.com/CryptoFinally/status/1590755179389136896?s=20&t=3Xm0lCkcALks741K_aZTow
Over the past few months we've seen an increasing need to understand self custody, that is, removing the need for centralized exchanges & the associated risk of custodying funds in the wild west. People need DeFi.
If you can still see me on twitter (I'm a ghost), you've seen I'm talking a lot about creating a DeFi literacy guide, at which point I will also become more active in this channel. I am well in the process of the guide right now & am looking for feedback on what you want covered.
🔉 If you have any questions / fears / concerns about DeFi, getting started, risk management, understanding protocols, black swan events, anything - please ask in the attached Tweet. https://twitter.com/CryptoFinally/status/1590755179389136896?s=20&t=3Xm0lCkcALks741K_aZTow
Twitter
please ask me your DeFi questions
i want to know what scares you most & why, fr
i want to know what scares you most & why, fr
Gm everyone, I've finished up work on my DeFi resource guide & have made it publicly available on my website, you can see it anytime at cryptofinally.io/defi-hub-start-page
I hope that this can be a useful tool for you to learn more about Web3 & how to DYOR. As I have released this landing page, I am going to maintain this group for *important announcements* about the DeFi landscape, helpful resources and AMAs only.
If you find DeFi Hub helpful, please help me in sharing the resource on social so more people can have access to it. Thank you!
I hope that this can be a useful tool for you to learn more about Web3 & how to DYOR. As I have released this landing page, I am going to maintain this group for *important announcements* about the DeFi landscape, helpful resources and AMAs only.
If you find DeFi Hub helpful, please help me in sharing the resource on social so more people can have access to it. Thank you!
🔉 DeFi Hub Announcement Tweet: https://twitter.com/CryptoFinally/status/1594358416746590208?s=20
X (formerly Twitter)
CryptoFinally (@CryptoFinally) on X
Want to stop using CEXs?
I just launched an all inclusive, free to use resource for learning DeFi and Web3.
I believe in hands on learning and have a background in education. All tools and resources in DeFi Hub are free to use, unsponsored and publicly…
I just launched an all inclusive, free to use resource for learning DeFi and Web3.
I believe in hands on learning and have a background in education. All tools and resources in DeFi Hub are free to use, unsponsored and publicly…
GM everyone! As a follow up to the DeFi guide, which I hope you've found helpful, I'm going to be answering some Q&A questions - Anything regarding the DeFi ecosystem.
I know I don’t speak in here often, but you don’t need someone to hold your hand, you don’t need a weekly newsletter, you don’t need alpha, you need open source tools. I’m just here to help your process.
Anyone can be better at this than I am, in fact I expect you to be, we all have the same set of tools here and that’s what makes DeFi important. A friend taught me how to swap tokens on Uniswap, and everything after that I did on my own. Nothing is stopping you.
So I encourage you, if you have questions that are going to benefit your skill set, please ask on this Twitter thread, and if you've found any of these resources helpful plz do me a favor & share the post. https://twitter.com/CryptoFinally/status/1629095498849128449?s=20
I know I don’t speak in here often, but you don’t need someone to hold your hand, you don’t need a weekly newsletter, you don’t need alpha, you need open source tools. I’m just here to help your process.
Anyone can be better at this than I am, in fact I expect you to be, we all have the same set of tools here and that’s what makes DeFi important. A friend taught me how to swap tokens on Uniswap, and everything after that I did on my own. Nothing is stopping you.
So I encourage you, if you have questions that are going to benefit your skill set, please ask on this Twitter thread, and if you've found any of these resources helpful plz do me a favor & share the post. https://twitter.com/CryptoFinally/status/1629095498849128449?s=20
Twitter
GM internet people
I'm doing #DeFi Q&A in my AMA channel today. If you have any questions about DEXs, farming or using new networks, comment on this thread. I'll check throughout the day & answer in channel (https://t.co/iVmOgP5aI8)
I only help once every…
I'm doing #DeFi Q&A in my AMA channel today. If you have any questions about DEXs, farming or using new networks, comment on this thread. I'll check throughout the day & answer in channel (https://t.co/iVmOgP5aI8)
I only help once every…