B-Atom on Anchor..... Step by Step Guide.... ? How to get Batom on Terra ? LOW FEES EDITION
? ? ? If you like strategies like this and want to see what Im doing and chat with other defi degens. Join the discord as we look to become the one stop shop for everything crypto
in this video I show you how to get atom on terra from eth chain to use on anchor protocol
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****SCAM ALERTS***** I know you are popular but I will not send you my number or ask you for any money in any of the comments.....if my comment does not have a black background it is not me.cheers
ALL OF MY VIDEOS ARE STRICTLY PERSONAL OPINIONS. PLEASE MAKE SURE TO DO YOUR OWN RESEARCH. NEVER TAKE ONE PERSON'S OPINION FOR FINANCIAL GUIDANCE. THERE ARE MULTIPLE STRATEGIES AND NOT ALL STRATEGIES FIT ALL PEOPLE. OUR VIDEOS ARE NOT FINANCIAL ADVICE.
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? My Go to exchanges and Dex's
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ALL OF MY VIDEOS ARE STRICTLY PERSONAL OPINIONS. PLEASE MAKE SURE TO DO YOUR OWN RESEARCH. NEVER TAKE ONE PERSON'S OPINION FOR FINANCIAL GUIDANCE. THERE ARE MULTIPLE STRATEGIES AND NOT ALL STRATEGIES FIT ALL PEOPLE. OUR VIDEOS ARE NOT FINANCIAL ADVICE
****SCAM ALERTS***** I know you are popular but I will not send you my number or ask you for any money in any of the comments.....if my comment does not have a black background it is not me.
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IF IT SOUNDS TOO GOOD TO BE TRUE IT USUALLY IS TOO GOOD TO BE TRUE
In this video I will talk about the CHI Gas token. CHI helps you save gas by refunding fees by burning CHI. My strategy is to get a bag and sit on it to hedge if Ethereum continues to moon then I will use it if I need to exchange.
https://etherscan.io/token/0x0000000000004946c0e9f43f4dee607b0ef1fa1c
The Chi gastoken (CHI) is an ERC20-standard token aimed to help reduce 1inch users' transaction fees. Chi is pegged to the Ethereum network’s gas price.
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? ? ? If you like strategies like this and want to see what Im doing and chat with other defi degens. Join the discord as we look to become the one stop shop for everything crypto
?SOCIAL MEDIA?
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►check out the digisquad (telegram) at https://t.me/drakeondigitalchat
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? ? Here are the list of links to get paid to support the channel https://invitation.codes/@drakeondigital ?
ALL OF MY VIDEOS ARE STRICTLY PERSONAL OPINIONS. PLEASE MAKE SURE TO DO YOUR OWN RESEARCH. NEVER TAKE ONE PERSON'S OPINION FOR FINANCIAL GUIDANCE. THERE ARE MULTIPLE STRATEGIES AND NOT ALL STRATEGIES FIT ALL PEOPLE. OUR VIDEOS ARE NOT FINANCIAL ADVICE.
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...
https://www.youtube.com/watch?v=d6ZtnIs3BTw
HELPFUL LINKS
https://info.avax.network/#about
https://www.avalabs.org/
https://www.avalabs.org/roadmap
https://athereum.avax.network/
https://avascan.info/genesis
https://www.coinbureau.com/review/avalanche-avax/
Avalanche is an interoperable smart contract platform that was built from the ground up to not only be extremely fast and scalable, but also highly customisable. Not only does it support the Ethereum Virtual Machine but it also has support for application specific sharding, network level programmability and non fungible tokens.
It's a blockchain that its developers are hoping could eventually scale to Visa level throughput with sub-second finality.
? Current Consensus ?
When it comes to establishing consensus in distributed systems, there are two broad consensus disciplines that have been used in the past.
Firstly, you have what is called 'Classical' consensus methods like Practical Byzantine Fault Tolerance (PBFT). These are based on all-to-all voting by the nodes in the network. There can not be a single chance of disagreement on the state of the blockchain by any of the nodes.
Then came the Nakamoto consensus with Satoshi Nakamoto. Unlike with the classical approach, an agreement on the current state of the blockchain does not have to be 100% correct all the time across all nodes.
? Avalanche Consensus ?
The consensus mechanism works by repeated sampling of the network. Essentially, each node will query a small constant sized and randomly chosen set of neighbors about the current state of the network. If at any point there is a supermajority of these neighboring nodes that supports a different value, then the node will switch.
The term for this is network "Gossiping". The nodes will Gossip with other validators about the validity of the transactions that are being proposed on the network. They can increase their confidence that they are about to submit a valid transaction record by polling the other nodes.
This system as described gets Sybil protection through proof of stake. The chance of a certain validator being selected is proportional to the stake that they have in the network.
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In this video I talk about why I'm not in geist finance on fantom.....tldr opportunity cost
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?SOCIAL MEDIA?
►Patron/EXCLUSIVE DISCORD server https://bit.ly/3D2lYJR
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****SCAM ALERTS***** I know you are popular but I will not send you my number or ask you for any money in any of the comments.....if my comment does not have a black background it is not me.cheers
? ? Here are the list of links to get paid to support the channel https://invitation.codes/@drakeondigital ?
ALL OF MY VIDEOS ARE STRICTLY PERSONAL OPINIONS. PLEASE MAKE SURE TO DO YOUR OWN RESEARCH. NEVER TAKE ONE PERSON'S OPINION FOR FINANCIAL GUIDANCE. THERE ARE MULTIPLE STRATEGIES AND NOT ALL STRATEGIES FIT ALL PEOPLE. OUR VIDEOS ARE NOT FINANCIAL ADVICE.
#CryptoDrakeonDigital
#drakeondigital
#btc
#altcoingems
#financialfreedom
#whatiscrypto
#cryptonews
#btcande
...
https://www.youtube.com/watch?v=Q7CBt1Epj5c
Cosmos is acting on their vision to create “an internet of blockchains,” a platform that has built protocols that allow for interoperability between distinct blockchains, allowing for the development of a network of blockchains that can communicate and transact, all in a decentralized space. These connections are made possible by a protocol named the Inter-Blockchain Communication Protocol. Watch our video to learn all about this digital asset.
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link to the patrion
https://www.patreon.com/drakeondigital?fan_landing=true
telegram https://t.me/drakeondigitalchat
also on theta at https://www.theta.tv/brucelee2573
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? What is Aave? ?
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Aave is an open source DeFi lending protocol that allows users to earn interest on deposits and borrow a whole host of different cryptocurrencies. It was built on the Ethereum blockchain and is hence completely decentralised.
It was initially launched as Ethlend with an ICO back in 2017 but in 2018 they rebranded to Aave in order to take on their new form.
Today they offer support for lending of 17 different cryptocurrencies. They also offer flash loans, uncollateralized loans, "rate swithching" and other exotic features
?️ How Aave Works ?
When you supply tokens to lend out on Aave, they are replaced with aTokens. These can be viewed as similar to the cTokens that you have over at Compound finance. The only difference is that these are pegged to the value of the underlying token and your balance will increase as you earn interest.
You can withdraw the liquidity whenever you want and when that is done, your aDai tokens will be converted back into the Dai tokens. This deposit does not only earn interest but it also serves as collateral should I want to borrow any crypto.
? Borrowing ?
When taking out a loan at Aave you can either lend at the variable rate or you can use what is called a "stable" rate. The latter acts like a fixed rate in the short to medium term. It can be rebalanced if there are severe changes in the market conditions
At Aave, the fixed rate is always higher than the floating (to account for risk). The exact rate that you will be charged depends on the utilization ratio in the pool.
When you are lending, you should take care about the liquidation levels. There is a 5% liquidation penalty that you will incur if you are liquidated.
⚡️ Flash Loans ⚡️
These are uncollateralized loans that can be taken out in an instant. Just as long as they are repaid within the same transaction, they are approved. If they are not repaid, then the whole transaction is void and no funds would ever have been originated.
Aave was one of the first platforms to offer flash loans. These allow users to better take part in the DeFi space with arbitrage between Dexs and refinancing loans from fixed to floating rates etc.
Flash loans have also been used with great effect in the ever popular practice of Yield farming.
??️ Liquidity Pool Tokens ??
Aave has opened up additional lending markets for Uniswaps liquidity tokens. This would allow users to lend or borrow these tokens. You no longer have to rely on their price appreciation in order to make some gains on LP tokens.
This is a relatively new addition which means that there is no one supplying these tokens currently. But one hopes that as LP tokens start gaining traction, more and
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https://www.youtube.com/watch?v=epVL6VgkDfk