RE: Finding more opportunities to earn higher yields of RBS tokens in RobiniaSwap
Another solid read @mintymile
Now, the total value of cryptos locked in RobiniaSwap is $11,081,622.80.
I'm mostly curious ... how does RobiniaSwap (or Pancakeswap) use all that liquidity to make profit. Is it just "sitting" there? My impression was, that DeFi should be allowing people to deposit/stake their tokens and also borrow (while paying some interests). And that liqudity is needed for all those borrowers.
But I dont see any way of borrowing funds while using any of those 2 platforms.
The APY% yields for the RBS pool is 1,845.26%, while for the BSteem pool it is 657.84%
At the moment it seem to be more profitable to stake RBS than to stake bSteem. It's kind of strange, since there seem to be more people staking RBS than bSteem.
Yours, Piotr
@crypto.piotr
RobiniaSwap and PancakeSwap are AMM Dex...for swapping cryptos and I think this liquidity providing stuff is done to have liquidity to maintain volumes for swap trades.
Borrowing and lending is done in other dexs like AAVE in polygon or venus in Binance smart chain. AAVE workd well because I tried it, I am not able to figure things out in Venus though.
I have heard that its best to obtain these kind of coins through staking than buying them...because why buy it when you can get it free and all...
That's all thank you for providing me a learning experience as well, I am not very well versed in all this, though kind of familiar, I am still DEFI newbie so don't know much.
One thing is that for dexs like this pancake swap and uniswap there is a risk for providing liquidity, that risk is called impermanent loss. Anyway... explaining that will take another article!!
Seriously you will never stop to amaze me with your responses @mintymile
Thanks for your time and effort :) I truly appreciate it