Weekly Crypto Newsletter 5.2.21 ⚡️

Enjoy industry highlights for the week.

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DeFi Farming

Understandably many you believe these 100% plus APR farms are unstainable and not safe. Paradoxically you’re right and wrong at the same time. DeFi protocols are built on infrastructure that is being battle tested as we speak. Also, given novelty of the space hacks will and do occur. However, this doesn’t mean you can’t extract massive yields with reduced risk. Established protocols like Pancakeswap on BSC or Harvest Finance on Ethereum offer robust yields and have a very low probability of rugging their users. Additionally, insurance products are now widely available and offer some protection. Getting 50% plus APR with a credible and reputable protocol isn’t hard as it may appear. For this reason, I believe doing your homework and finding quality protocols could potentially lead to profits like this 👇

CryptoFinally 💫 @CryptoFinally

Great 24 hours of yield farming. I am not larping. You must start learning #DeFi, believe it or not you're still early.

In fact I have some clients who after months of yield farming are making over $1k a day. You don’t need to start with a large amount of capital either. With a little luck and prudent risk management anybody can make fat farming yields.

Flur 🤫 | #flurarmy #flurdaily @flurbnb

i started with $10k in $BANANA 1.5 weeks ago, now it's worth $93k. Current APY is 321.71% on beefy. That means I'm currently earning $299k a year in interest from my initial $10k investment in $BANANA. is that BANANAS or what? @ape_swap #apeswap #apearmy

Not all the protocols will be around a year from now. However, some of them will become core primitives of a new financial system that will replace Wall Street. By being a liquidity provider you’re fulfilling a vital service and as result are being amply compensated. These tokens that are being distributed to users are essentially represent equity in a protocol. Imagine if Coinbase gave out COIN shares to users who provided liquidity to their order books. In legacy finance this isn’t possible but in DeFi the skies the limit. In my eyes liquidity farming is a more equitable, democratic, and decentralized means distributing ownership. Were building the new decentralized Wall Street and we’ll get to own it too.

Notable Tweets

Sal the Agorist @SallyMayweather

The Crypto Dog📈 @TheCryptoDog

Crypto bull market "problematic" for McDonald's franchise owners

Cointelegraph @Cointelegraph

Nexon’s $100 million Bitcoin buy makes it the 35th publicly-listed company to add Bitcoin to its balance sheet.

cointelegraph.comJapanese gaming giant Nexon invests $100M into BitcoinMajor Japanese gaming firm Nexon has followed in the footsteps of MicroStrategy and Tesla, investing $100 million, or 2% of its cash and equivalents, into BTC.

Bill Maher @billmaher

Cryptocurrency is like Tinkerbell's light - its power source is based solely on enough children believing in it. And unfortunately what is real is that its growth could single-handedly push global temperatures above the tipping point of 2°C. #Bitcoin #Mining #ClimateChange

Cointelegraph @Cointelegraph

Is it time for Bitcoin to turn the tables on altcoins? Altseason may begin to fade if the king of cryptos retakes the key 50% dominance level — although someone forgot to tell Polygon $MATIC.

cointelegraph.comVORTECS Report: Altseason indicator flips to Bitcoin even as Rally and Polygon surgeDespite continuing spikes for crypto assets delivering exchange listing news, altseason may be waning as Bitcoin gains ground.

Anyswap @AnyswapNetwork

Cross-chain farming, amazing! Anyswap bridge support contract interaction, no bridge UI need. Cross-chain DeFi Lego, welcome!

Poolpi @poolpitako

2/N Here's a brief diagram of how it works: Don't worry, there is a video explanation coming from @Ceazor7 https://t.co/j9rTYc2kqO

CryptoJules @CryptoJules1

Macro view of $alt market Game plan illustrated on the chart. Basically I’ll be selling all altcoins (except long term holds $xhv and $rune) at top of macro 3 and buying back at bottom of macro 4 in anticipation of the final rally before the inevitable bear market. #ALTSEASON

Johnnie ⚛️ @johnniecosmos

Gravity DeX will be next level. $AKT, $DVPN, $ATOM are some of the gems that will be traded there! Forget what you knew up to today! It is coming. @cosmos @akashnet_ @Sentinel_co

🔥VaderProtocol🔥 @VaderProtocol

Imagine $UNI $SUSHI + IL protection of $BNT, liquidity sensitive fees of $RUNE, $ANC interest yielding collateralized synthetic assets $SNX with lending and borrowing of $BAL+ $AAVE + the benefits of a decentralization stablecoin of $LUNA This is $VADER:

cointelegraph.comVETH/VADER Protocol’s $250,000 community-driven auditCome and try to break the Vader Protocol through a community-driven audit with a reward pool valued at around $250,000.