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crab notes 🦀 lobsterdao crab notes 🦀 lobsterdao @crab_notes · 8.04K subscribers
Post #780 2.13K
Omg my first ACTUAL DeFi deposit 🦄

I read-research about it a lot, but 5% rates never made sense to me as risk-rewards. Some systems gave higher rates, but were either centralized or too risky. And then Andre and Michael came along. Their systems make more sense, audited, admin keys given away… tries to calm himself down

So what I did was:
1. Take USDT out of Binance [why did I even hold USDT, ew gross]
2. Put those on Ledger and then swap to Dai via https://1inch.exchange/
3. Put that into ytokens on iearn via defi zap https://iearn.finance/zap
4. That zap also turned my ytokens into LP rewards for https://y.curve.fi/

Done! Now I am getting 20% yearly rewards - ye, they drip alll the time. the rate is subject to fluctuations, but even if drops to 12% or so, it’s still very good.

Now fucking pray every night! If this stuff gets rekt, I know where those guys live 😡
Stressed af. Now make me rich, magic stable money! Don’t hack this stuff please I beg you… stressed af 🤪
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