@CryptoTony__ Exactly…project stable income has some really good opportunities on various DEX where u can earn between 10-35% APY with several stable coins https://t.co/eSY2ToWYDo
I think a few of these DeFi 1.0 protocols are starting to look interesting. Especially if $ETH starts performing properly.
$MKR $LDO $AAVE
1. These projects are well known and got most of their unlocks out of the way. All these coins are trading at a 90%+ Market Cap to Fully Diluted Valuation ratio which is much higher than most of the new coins this cycle.
2. These are also one of the few projects in this space that actually got a lot of users and have been getting a lot of traction regardless of their token valuations.
3. I'd also argue that these are the first kind of coins (Next to BTC, ETH, SOL etc) which WallStreet/TradFi/Boomers would get into as the DeFi/lending part is something they understand pretty easily. These projects are also around for years now which gives them a lot more legitimacy.
4. Charts on these coins look quite different. $MKR the strongest and has the RWA narrative going for it as well as of recently.
$AAVE attempting to break out of a multi-year consolidation while $LDO is sitting at a multi-year support level so arguably the weakest of the three.
5. The biggest make or break for these coins is the short/mid term $ETH performance in my opinion. DeFi has underperformed ETH and ETH has underperformed the likes of BTC & SOL for a long time.
ETH doing well usually means projects related & build on ETH natively are doing well. That's what these coins need right now.
NFA, market still yet to prove it can form any meaningful trend and with the recent ETH ETF launch + FOMC coming up we're likely due for a lot of volatility still. Even if the TA/FA can look great on a specific altcoin, if BTC & ETH don't want to go up then it is unlikely for specific altcoins to perform well either.
Good luck out there 😎
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@stableincomeluv seems like a really interesting site..its all about generating stable income through staking and lending stablecoins...seems like something we might need after the next bullrun.
@SlothanmaCoin@SlothanaCoin Pay attention to the name of the X-account...the Season 2 Airdrop is a scam cause it some from slothanmacoin and not slothanacoin...u really have to pay attention to that..everyone that interacted with the slothanma-link might have lost their wallet funds.
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