Same here, I’m guessing this is bot driven.
Irrational to sell Vai at $0.70 also irrational to buy at $1.10, should just use that Busd as collateral until it normalises, if the minters are worried.
will be distoried when you harvest
Is it a word? Maybe destroyed?
this dApp is full of quirks.
I tested the DSG rewarding swaps. With their router, a 2-token swaps costs $0.75 at current BNB price. Swapping manually on the pair, bypassing the router (which also doesn’t require approval) costs 0.40$
So unless the Trading APY and DSG price remains high for very long, I’m not convinced it’s profitable for non-whale swaps.
I’m guessing some weird translation, I think their original language is Chinese, probably should be destroyed.
distorted
[ dih-stawr-tid ]SHOW IPA
See synonyms for distorted on Thesaurus.com
Middle School Level
adjective
not truly or completely representing the facts or reality; misrepresented; false:She has a distorted view of life.
twisted; deformed; misshapen.
mentally or morally twisted, as with an aberration or bias:He has a distorted sense of values.
1 Like
Indeed. The Liquidator (the one who floods the blocks) liquidated for 15K of VAI here, theoritical gain is 10%, that’s $1500, but he had to buy it so expensive on Pancake he ended with a profit of… $59
Paraswap is usually the best place to swap, but I guess it is not fast enough for liquidators.
This weeks update looks 
Vai bridge for Ethereum and visa card coming soon 
We also have an XVS burn coming this quarter.
1 Like
With +10% cashback. Nice, but if I want +10% on my VAI, I can simply sell them @ $1.10 
An arbi-bot (or a liqui-bot) cannot use Paraswap, 1inch or any other aggregator because they are part off-chain (the router is on-chain but the routing is off-chain). A liquidator or arbitrageur must either go simple and use one place, or reimplement their own aggregator in their bot.
1 Like
Looks like our favourite clowns are back in full effect, not sure what’s driving it maybe the Binance launchpad event or a general sense that crypto is going to pump.
We did get a hammer bottom on the chart indicating a technical reversal.
On the fundamentals seems pretty silly, 10% discount for using VAI coming, no more minting and a stability fee in the pipeline.
But thanks guys every time I think this trade is dead I get a nice 5% opp just for waiting until $1 hits again.
Waiting for that 5% is costing you 20% in other coins.
You really want to be 100% invested in the most volatile asset class and use debt/leverage to do it? That is pure gambling!
1 Like
October 18th Bitcoin ETF news, is probably the catalyst. I see this being like an El Salvador event, price will probably dip.
You’re talking about safety being on a community forum for a crypto defi protocol that has had numerous issues…
VAI is overcollateralized, and managed by Venus, a subsidiary of Binance. The risk your position lose 20% overnight and doesn’t recover in 5 years in far higher on BTC and al. than VAI which will go back and forth in [0.9 - 1.1] for some time. For stablecoin/yield/fx investors like us, it’s full of opportunity.
We all inderstood we have different investor profile, but your statement than holding a stablecoin is a loss of 20% because, for sure, BTC will rise by 20% soon is pure gambling. You may win (and today, you do) but that’s gambling. @Fat and me do maths, arb and opp. A different pattern.
1 Like
Risk reward is what I am talking about.
Loosing money due to a security bug is something else, and is another reason not to go all in.
Just because it is Defi doesn’t mean you have to be irresponsible regardless of the platform, in fact you should be more aware of the risks your taking.
Where should I be saying these things exactly if not here?
Defi = decentralized not degenerate finance.
Good point. No matter you hold a super strong BUSD or an obscure shitcoin, in case of hack/bug, you performance is exactly -100%.
Yep and he was talking about other coins too some of the alts are still down 50%+ from the May highs.
Based on the chart you need a 300% return to break even.
Then you got coins like Neo which are still down 80% from there 2018 highs needing a 500% return to break even.
Enjoy your 5% boys. I done with this insanity.
I do. Happy to get an easy +5% on a coin that will go back to a predictable 1:1 price soon. It’s like free money. I don’t miss any BTC opportunity because there’s no way I would invest in a volatile crypto, i’m not that sort of investor. Today I’m wrong, BTC holders got lucky, but I didn’t miss a deal that’s would never have happened anyway.
1 Like