Tezos Margin Trading Is Now Available on Kraken and Kraken

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Help dealing with Kraken margin trading

I need quick help please. I opened some positions with kraken just to try them out using margin trading . But that was a big mistake as I have no idea ho w to close them. First I did ETH/XBT where it says my open volume is 3 and my leverage is 3. Then I tried to close it but I selected sell ETH/USD with an opening volume of 3 with a leverage of 3. I assumed I would just be able to click a close button and then settle all my debts. I can cannot find the information anywhere.
submitted by spikelived321 to ethtrader [link] [comments]

Kraken Adds Margin Trading for Tezos (XTZ) With up to 3x Leverage

Kraken Adds Margin Trading for Tezos (XTZ) With up to 3x Leverage submitted by SludgeFeed to u/SludgeFeed [link] [comments]

Kraken Launches Pro Crypto Trading App with Margin Support

Kraken Launches Pro Crypto Trading App with Margin Support submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Kraken Launches Pro Crypto Trading App with Margin Support

Kraken Launches Pro Crypto Trading App with Margin Support submitted by n4bb to CoinPath [link] [comments]

Kraken Launches Pro Crypto Trading App with Margin Support

Kraken Launches Pro Crypto Trading App with Margin Support submitted by n4bb to CoinPath [link] [comments]

Kraken Launches Pro Crypto Trading App with Margin Support

Kraken Launches Pro Crypto Trading App with Margin Support submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

With $100M Deal, Kraken is Now World’s First Crypto Exchange That Runs Futures in Europe, Regulated Margin Trading 24/7

With $100M Deal, Kraken is Now World’s First Crypto Exchange That Runs Futures in Europe, Regulated Margin Trading 24/7 submitted by xtwars to Bitcoin [link] [comments]

You can now do margin trading with Ripple (XRP) and Bitcoin Cash (BCH) on Kraken - CryptoMeNow

You can now do margin trading with Ripple (XRP) and Bitcoin Cash (BCH) on Kraken - CryptoMeNow submitted by Cryptoboy88 to Bitcoincash [link] [comments]

You can now do margin trading with Ripple (XRP) and Bitcoin Cash (BCH) on Kraken - CryptoMeNow

You can now do margin trading with Ripple (XRP) and Bitcoin Cash (BCH) on Kraken - CryptoMeNow submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

You can now do margin trading with Ripple (XRP) and Bitcoin Cash (BCH) on Kraken - CryptoMeNow

You can now do margin trading with Ripple (XRP) and Bitcoin Cash (BCH) on Kraken - CryptoMeNow submitted by cryptoallbot to cryptoall [link] [comments]

Kraken launches margin trading beta with 3x leverage -- feedback requested

Good news - margin trading has entered beta launch and you’re invited! If you're a Tier3 or Tier4 client, access may already enabled in your account. If you don't have it enabled, and you are Tier3 or Tier4, please submit a support ticket to request access. We'd love to get the feedback of the BitcoinMarkets community.
To create a margin order, just select a level of leverage in the 'Intermediate' or 'Advanced' order forms and complete the order as you normally do. It is recommended that you take advantage of our 'Conditional Close' feature to set up your exit at the time you open your position. Here's what the form looks like: http://i.imgur.com/BQXTl3d.png
For more details on how margin works on Kraken, please read the terms below, and see our trading guide and FAQ.
Here’s how it works:
Fees: during this trial period, your usual trade fee will be applied to the opening and closing volume of a margined position. This means that if you’re in our most preferential fee tier and you’d usually pay 0.10% for a trade, you’ll pay 0.10% to open a margin position and 0.10% to close that position. Positions open for more than 24 hours will also be charged a 0.05% renewal fee (see the “Term” section below).
Term: margin positions are good for 24 hours. After 24 hours, 0.05% will automatically be charged to renew the position for an additional 24 hours. If you wish to avoid this fee, close the position within 24 hours.
Leverage: 1.25x-3x.
Currencies: margin is currently only available on our XBT/EUR pair. We hope to open up margin trading on other pairs as those books become more liquid. Note that during the trial period only XBT, EUR and USD will be “margin currencies” - i.e. currencies that can be used as collateral for margin trading. So only XBT, EUR and USD (not GBP, JPY, LTC, etc.) will count toward your trade balance for margin trading. We plan to allow for more margin currencies soon.
Limits: during this trial period, the Tier 4 borrow limit per account is 20 bitcoins and €5,000. This means that your total volume for short positions is limited to 20 bitcoins and your total volume for long positions is limited to €5,000. The Tier 3 borrow limit per account is 10 bitcoins and €2,500. The pool of funds allocated for the exchange as a whole is 2,000 bitcoins and €500,000. The pool of funds allocated for margin is available on a first-come-first-serve basis. So, it’s possible that at times of high demand, you will have less than your account limit available. Limits will be raised after the trial period. We expect to be raising these limits upon completion of the beta phase.
Call and liquidation levels: the margin call level is 80% and the liquidation level is 40%.
No hedging: Note that you cannot have both long and short positions open at the same time. All long positions must be closed before a short position can be opened (and vice versa). But you can have multiple long positions or multiple short positions.
Opening positions: Opening a margin position is similar to executing a trade, except that when you create the order to open the position, you must select a level of leverage.
Closing positions: To close all or part of a position, you simply execute an opposing leveraged order in the volume amount you want to close. To close a long position, you execute a leveraged sell order and to close a short position, you execute a leveraged buy order. For example, suppose you buy 1 XBT of XBT/EUR at 2:1 leverage. To close the entire position, you sell 1 XBT of XBT/EUR (at any leverage). To close half the position, you sell 0.5 XBT of XBT/EUR (at any leverage). Note that the closing leverage does not need to match the opening leverage. Finally, be careful that you don’t execute a closing order for more volume than your position, since this will create a new position on the opposite side (see “Flipping positions” below).
Closing multiple positions: Margin trading is “First in First Out” (FIFO). This means that if you have multiple positions open, the position created first will be closed first. Suppose you have 2 long positions open at 1 XBT volume each. If you then sell 1 XBT (at any leverage), the position that will be closed will be the one that was created first.
Flipping positions: You can easily flip from long to short, or short to long. To do this, you simply execute an opposing order with more volume than your open positions. Suppose you have 2 short positions open at 1 XBT volume each, but you want to close these positions and go long 1 XBT at 3:1 leverage. To do this, buy 3 XBT at 3:1 leverage.
Any of the terms described above may change after the trial period in light of client feedback or other factors. If you have any questions or comments about margin, we’d love to hear from you.
UPDATE - 22/May/2014 15:00 Pacific (-8:00 UTC):
Margin now available in Germany.
Limits for Tier 3 accounts are: 10,000 EUR and 50 BTC
Limits for Tier 4 accounts are: 20,000 EUR and 100 BTC.
submitted by jespow to BitcoinMarkets [link] [comments]

ETH/XBT Margin Trading with 2.5x Leverage now on Kraken

ETH/XBT Margin Trading with 2.5x Leverage now on Kraken submitted by jespow to ethtrader [link] [comments]

Kraken Enables REP Margin Trading with 2x Leverage

Kraken Enables REP Margin Trading with 2x Leverage submitted by jespow to reptrader [link] [comments]

Anyone have experience with Margin Trading on Kraken and have feedback about it? /r/BitcoinMarkets

Anyone have experience with Margin Trading on Kraken and have feedback about it? /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BitcoinAll comment: Coinbase is a kiosk. Kraken is a trading platform with advanced orders, margin, and alternative crypto-currencies. It really depends on what you want to do.. Join the conversation!

BitcoinAll comment: Coinbase is a kiosk. Kraken is a trading platform with advanced orders, margin, and alternative crypto-currencies. It really depends on what you want to do.. Join the conversation! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Regulated exchange Free2ex is proud to be a partner of Bitfinex – the longest-running crypto exchange. Here's some interesting info about our liquidity provider.

Regulated exchange Free2ex is proud to be a partner of Bitfinex – the longest-running crypto exchange. Here's some interesting info about our liquidity provider.
Bitfinex started working in 2012, when Bitcoin was worth just $10. The headquarters is in Hong Kong. As of August 2020, it's in the top-10 on CoinMarketCap with a trading volume of over $220 million a day.
Bitfinex offers margin trading, OTC exchange, and margin funding. It's also the world's leading crypto derivatives exchange. Bitfinex is a very close partner of the Tether (USDT) project, with which it has common shareholders.
By sourcing liquidity from Bitfinex, Free2ex can offer uninterrupted trading and very low spreads. By the way, we also get liquidity from Kraken and Poloniex.
On Free2ex, you can buy Bitcoin with a credit card and trade it 100% legally.
Visit us on https://www.free2ex.com/
#free2ex #cryptoassets #cryptoexchange #belarus #regulated #blockchain #bitcoin

submitted by free2ex to u/free2ex [link] [comments]

PSA: Predatory exchange checklist

Everyone please, I would seriously advise you to stay away from exchanges that have predatory practices that take advantage of new users and first time depositors, because they have no other way to make money. An exchange that is functioning properly makes money on either their trading fees or their spread. I am writing this to all the new people that are looking for bitcoin exchange/broker options in Canada.
There are certain things you should look at and if the exchange in question has any or a combination of the following I would suggest you stay away, as the practices of these exchanges are the reason they are running on fumes and I would not like to see anyone on here get caught in another exit scam.
  1. Deposit or Withdrawal fees on fiat or crypto (unrealistic amounts). There are plenty of other exchanges with no deposit or withdrawal fees and if the exchange is successful, this is not needed at all and is a failed business model in Canada.
  2. Minimum withdrawal or deposit amounts on fiat or crypto (within reason). You should be able to deposit and withdraw as much as you'd like without restriction. This is a tactic that will most likely cause you to have to bring your balance up to a certain amount before you can withdraw. I would not consider this to be the case if the amount is $5 or less, as it does cost money to send bank wire and e-transfer.
  3. Holds on funds and bank like activity (not including fraud concerns). No exchange should have to have a hold on any funds for any reason. It is your money and they are not a bank.
Right now in Canada, there are two highly rated exchanges that have the best history with almost no complaints on reddit (or any that seem to be of valid concern). They are Shakepay and Newton, which function much the same but their own unique properties and services. I am bi-partisan on what exchange you choose because they both have solid foundation, very good history and customer reviews and highest volume, but stay away from anything but them at this point is my advice to any newcomers reading this.
Edit: Although Kraken is technically based in the US, they are a very reputable exchange and service Canadian clientele, I'm just referencing exchanges based I'm Canada right now.
Edit 2: If an exchange has deposit or withdrawal fees, they should have a good justification for it, such as VERY low trading fees or margin account, cover mining fees or anything that you can logically see that would absorb this cost.
submitted by west_coast_ghost to BitcoinCA [link] [comments]

What Makes a Crypto Trading Platform Trustworthy?

What Makes a Crypto Trading Platform Trustworthy?

One thing that all of the major cryptocurrency trading platforms at the top of the industry have in common is the trust that the users and the community as a whole places in them.
This is also something that clearly differentiates the best platforms in the cryptocurrency market from the rest, with the most trusted exchanges and brokerages building a loyal fan base and respect within the industry.
We’re breaking down what makes a crypto trading platform trustworthy in 2020, and taking a look at a few examples of some of the most trusted cryptocurrency trading platforms.
Hacking is Still a Big Concern in 2020
Far from being something of the past, hacking within the cryptocurrency industry is still a significant concern and a big problem for both trading platforms and users alike.
As recently as this year and 2019, some of the largest cryptocurrency trading platforms have suffered hacks in the range of tens or hundreds of millions of dollars.
Hacking is still one of the top concerns for anybody that interacts with the cryptocurrency market, and instead of the prevalence of hackers diminishing over the past years, if anything it has increased.
Many of the Top Platforms Hacked Recently
Far from it being only small training platforms that get hacked, some of the largest cryptocurrency trading platforms in the industry have been hacked over the past couple of years.
Binance is one of the most prominent cryptocurrency exchanges, and was hacked in early 2019 with the platform suffering a loss of more than $40 million of their users’ funds in the process.
Coinbene is another large cryptocurrency trading platform that has fallen afoul of hackers in the past two years, with it suffering a $160 million loss in 2019 as well.
Platforms Implement Advanced Security
There are however a number of examples of platforms that have implemented advanced security features and systems in order to remain hack-free and to protect the funds of their users.
PrimeXBT is the world's leading multi-asset margin trading platform, and implements a wide range of bank-grade security features such as the mandatory Bitcoin address whitelisting and cold storage of digital assets with multi-signature technology.
Because of this, PrimeXBT has ensured that in its years of its operation, it has never been hacked and has never been breached by hackers in any way, ensuring that users’ funds remain safe.
Traders Select Platforms with Clean Security Track Records
Traders and investors in the cryptocurrency space will always gravitate towards platforms that have never been hacked, being that it is the most sure fire way of being assured of the safety of a platform in comparison to others.
Platforms such as PrimeXBT which have never been hacked, as well as others such as Kraken, have built a large and loyal following based on the understanding that users are safe to interact with the cooked a currency market on these platforms.
As time goes on platforms that have never been hacked become rarer, as there is a continual stream of multi-million dollar hacks that we hear about, and this only works in the favor of those platforms that have effective security implemented.
In Summary
While there are a number of reasons that traders and investors select certain platforms to trade at, one of the most important considerations is the security of each platform.
Even though generating profit is important, there is no point generating profit at a platform if it will just be lost to hackers, and therefore traders often pay particular attention to the track record of each platform with regards to security.
PrimeXBT and Kraken are two examples of platforms that have never been hacked and that implement effective security measures in order to protect the funds of their users
submitted by benebit to CryptocurrencyICO [link] [comments]

[Sealed][Draft] The M21 Forcing Spike Common/Uncommon Limited Primer

What’s up spikes! I’m JacetheOD and I’m here for another shot at priming the would-be-spikes of the internet for their prerelease and first drafts! This time, we’re talking Core Set 2021! I haven’t been this excited about a core set in a long, long time. It seems like it’s full of meaningful reprints alongside powerful new cards, and that’s a recipe for success! We’re going to be talking about the commons and uncommons in this review, because that’s the vast majority of what your limited experience is going to be. Be sure to have your card image gallery up to follow along. If you need one, this will help: https://magic.wizards.com/en/articles/archive/card-image-gallery/core-set-2021
Let’s not wait any longer!
Alpine Watchdog – I’ve always been a fan of the 2 mana 2/2 vigilance when it gets printed. Having a play on turn two that can attack and block just warms my heart. When I look at the other white commons, I think I’ll be comparing them to Alpine Watchdog, and I think that makes it a sold C.
Angelic Ascension – This is a weird one to me. I’m sure it’s relatively powerful, because it’s an uncommon. It’s hard to imagine “downgrading” an opponent’s creature to a 4/4 flyer, and nailing a planeswalker with this after they’ve gotten a loyalty ability activation is probably just a great way to get killed. I like the idea of just turning one of your creatures that has been outclassed or targeted by removal into a 4/4 flyer, though. I’ll have to see how this works out.
Anointed Chorister – I think you have to want the lifelink for this card to really be worth playing at all. This should get cut often, but will occasionally make the cut.
Aven Gagglemaster – I love the name of this card. I also love this card. A 4 power flower for 5 is something I’d always play, and this one gains you at least 2 life to boot!
Basri’s Acolyte – If you curve your two and three drops into this, it can do some serious damage. This is particularly well coupled with flyers, but I’m sure I’ll play this in my 4 drop slot quite often.
Basri’s Solidarity – the theme of GW is counters and this card screams it. I think this is going to be great in any deck looking to drop 2 or 3 creatures and jam. Keep in mind this really isn’t a card for your 11-12 creature control decks.
Celestial Enforcer – I see the joke here. This is a tapper for the flyers deck without just being a tapper. I like 3 mana 2/3’s with meaningful abilities, and if you have 7+ flyers I think this gets there.
Concordia Pegasus – This is a card that has seen print a number of times and I’m usually happy to have it in the 2 drop slot of my white decks. It attacks and blocks reasonably well for a 2 drop and will make the cut more than it doesn’t.
Daybreak Charger – This is an honestly attempt at making the 2 mana 3/1 more playable, but I don’t really think it gets there. If you want aggressive 2 drops, this is it, but it doesn’t even work the way you want it to when you cast it on turn two unless you’ve played a 1 mana 1/1. I’ll play this when I need a 2 drop, because decks often need 2 drops, but I don’t like it much.
Defiant Strike – This is just a reasonable combat trick. It allows you to trade when you otherwise might have just lost a combat, and it replaces itself. That being said, it’s just a combat trick. You might want one of these, but I think that’s it, and most of the time you won’t want it at all.
Dub – I really liked the way this played in Dominaria, and I’m happy to see it return. I think it’s going to play well with the flyers and lifelinkers in the set. It is an aura, so beware the risk of ruin, but if this goes uncontested it feels great.
Faith’s Fetters – I love answers to noncreature permanents at lower rarities, and this card has been long overdue for a reprint. This will be one of my favorite cards in the set by the time we’re through.
Falconer Adept – This card seems bonkers to me, and is a reason to be in white. Quite good.
Feat of Resistance – Temporary protection always just plays really well. This grants a counter and allows you to block, counters a removal spell, knocks an aura off, or pushes through an attack. Feat of Resistance is one of the more playable combat tricks for sure, and I think you’ll almost always play the first one.
Gale Swooper – A 4 mana 3 power flyer would just get played, and this one jumps a creature when it ETBs! I like this card quite a bit.
Griffin Aerie – A payoff card for the lifegain decks, and an excellent one at that. If you can get more than one Griffin from this, you’re likely going to win the game.
Legion’s Judgement – The “kill-a-big-guy” spell at common. These are always begrudgingly playable, and this one does cost 3 instead of 4. You probably want the first one, and leave the others in your sideboard.
Light of Promise – The joke here is that you put this on your lifelink creature and profit. I can see this running away with a game for sure. I’m always dubious about auras, but I think this one just gets played if you have enough lifelinkers.
Makeshift Battalion – I’ve said multiple times in the past that I don’t like 3 mana 3/2 creatures, but the potential is there for this one. Your aggressive decks will want some 3 drops, and you could do worse than this.
Rambunctious Mutt – I love that these ETB disenchant creatures have gotten bigger. They were playable before and are that much more playable with stats like this. I think I’ll always play my first one of these.
Revitalize – I think you’ll want this in your lifelink deck if you have a TON of payoffs, but otherwise I think this is worse than just Opt.
Sanctum of Tranquil Light – I think this being a 1 mana shrine is more of an enabler for other shrines. You just can’t afford to pay this much mana to tap a creature unless you are pretty far ahead.
Seasoned Hallowblade – I think this is worse than Adanto Vanguard, but still a good 2 drop and great target for Dub and other auras.
Secure the Scene – White has occasionally gotten the 5 mana exile anything spell in the past, and this one makes a token on top of that. I think I’ll play all of these I get.
Selfless Savior – This 1 mana 1/1 has one of the few abilities I think make it worth playing a 1 mana 1/1. Super solid.
Siege Striker – This card seems quite strong to me. It’s going to force so many chump blocks from your opponent if you have another creature or two one board, because they just can’t live very long taking 6 damage per turn if this can be a 3/1.
Staunch Shieldmate – I think this is the first 1 mana 1/3 ever? I could be wrong, but this set of stats seems pretty good to me. Being able to block and kill 1/1’s and 2/1’s, while just blocking 2 power creatures and living, all for 1 mana seems fine. If you need bodies, I think you could do way worse than this.
Swift Response – These cards have often been sorceries in the past, and that was very annoying because your opponent got to hit you before your removal spell was turned on. Being an instant makes this very good at 2 mana. I’ll play all of them I can get. This will be my early pick for best white common for sure.
Tempered Veteran – This seems like it really belongs in the GW counters deck, but if you have just a couple of cards that make +1/+1 counters, this can get way out of control. I don’t think I’d play it if I had no other +1/+1 counter sources.
Valorous Steed – This seems like quite a good 5 drop. A 3/3 vigiliance and a 2/2 vigilance for 5 mana is just a good deal.
Vryn Wingmare – I appreciate the downshift to uncommon here. This is definitely better than a wind drake and will see a lot of play.
Warded Battlements – Another card that seems like it belongs in the flyers deck. Blocking 2/2s and powering up your evasive creatures seems fine, but I wish this had one more point of toughness. It’s going to act like an enchantment that you can sacrifice to block with. I’m not super excited about this, but I’m sure I’ll lose to it a few times.
-----TLDR WHITE-----
The themes seem to be flyers, lifelink, go wide aggro, and +1/+1 counters. I think the best white common is going to be Swift Response by a good margin. Overall, white seems fine, but not overpowered.
Cancel – I like to maindeck these in sealed and sideboard them in draft. I don’t see that changing here.
Capture Sphere – This is blue’s new go-to removal spell and I like it quite a bit. Premium blue removal.
Enthralling Hold – Having to play this on a tapped creature is a small price to pay and this card is a bomb. These are 2-for-1’s and always over-perform.
Frantic Inventory – I think you’re going to want this if you have a LOT of them (3 or more) or are the spells deck. Until you have 3, I think Opt is just better.
Frost Breath – I have never been a fan of this card unless you are INSANELY aggressive, and that doesn’t tend to be blue’s strategy. You will probably never run this and be happy about it.
Jeskai Elder – This is a great card and I’m happy to see it. Just because it has prowess doesn’t mean it’s only for the spells deck. There will be a lot of games where this is cast one turn two and just can’t be blocked for a couple turns and the extra cards run away with the game.
Keen Glidemaster – You can use this to jump some of your big guys in UG, but it’s just a C.
Library Larcenist – Getting the card on the attack and not having to actually connect is big. I’m a fan of this for sure.
Lofty Denial – I think this is very bad if you’re not in the flyers deck, and gets pretty good once you’re there. I don’t think I would ever play this outside the UW deck in this format.
Miscast – Constructed plant. Could be sided in against removal heavy decks or decks with X spells.
Mistral Singer – A Wind Drake with prowess is big game. I’m in!
Opt – Opt is always a card you want to play but usually cut. Thanks to spells mattering, draw matters, and prowess, I think Opt will make the cut much more often in M21.
Rain of Revelation – Powerful instant speed draw spell. Big game in most decks, with extra punch in the UG draw cards or UR spells decks.
Read the Tides – This just looks bad to me. I’m sure I’ll lose to it a few times. Paying 6 to draw 3 at sorcery speed or bounce two creatures just isn’t enough. You have to be in a position for an alpha strike, and there are just better cards that can get your there.
Rewind – I’m super excited about this for constructed. In limited, you need a LOT of instants for Rewind to function as intended. That being said, if you have 10 instants in your deck, Rewind becomes quite good.
Riddleform – I tend to like these enchantments that become creatures, as they dodge a lot of the common removal in most sets. This will be a very good card in the spells deck.
Roaming Ghostlight – My pick for best blue common for sure. A man-o’-war that flies and has 3 power is very, very good. Multiples of this are insane. If anyone remembers how good Chillbringer was, this is better.
Rookie Mistake – This is quite bad. It will not help you win any combat. I wouldn’t play these under virtually any sircumstance.
Rousing Read – This seems powerful enough to put on something, and replaces itself. I think I’ll play this more than most “flight” variants, but exercise caution against blowouts.
Sanctum of Calm Waters – If you can get another shrine in play, this gets out of hand quickly. Otherwise, this is just not quite doing enough for 4 mana.
Shipwreck Dowser – This card is GREAT. A 3/3 prowess and a business spell for 5 mana is excellent.
Spined Megalodon – I’m going to have opponents that cast Rousing Read on this and just wreck me, I’m sure. This is a clunker, but there will be blue decks that just want a 7 drop with hexproof.
Teferi’s Protégé – This merfolk looter costs 2 mana to activate, but is also a 3 mana 2/3. I’m not sure if this is quite good enough to make the cut, but I’ll probably start by playing at least one and go from there.
Teferi’s Tutelage – With all the card draw we’ve seen, I think this is a bomb and a serious way to win. One of the things you’ll need to know how to do to be successful in this format is draft a deck around this card.
Tide Skimmer – I’d play this with just a couple flyers in my deck, and in the UW flyers deck it will be excellent!
Tolarian Kraken – Again, with all the card draw we’ve seen, I think this will be an excellent card. It triggers on each of your draw steps as well!
Tome Anima – So drawing cards is a theme here and there are a lot of these cards running around that will make Opt seem quite good. This card is going to be unblockable quite often, and I can see this over-performing for the entire format.
Unsubstantiate – Super solid. Cheap bounce/temporary counter is meaningful. You don’t really want this in your control decks, though.
Vodalian Arcanist – Another Dominaria reprint that I’m happy to see. This will be quite good in your spells deck and no one else will really want them.
Waker of Waves – “Weakstone” effects have always been quite good. This card is no exception. Plus you can use it for card filtering early! I love this card.
Wall of Runes – This card has always just been bad. You can side it in if you need a blocker, but it’s junk.
Wishcoin Crab – I have run 1 of these in past blue decks when I really needed a 4 drop. This is like a classic D. You can play it, but usually hope not to.
-----TLDR BLUE-----
The themes we can see look like spells, draw cards, and flyers. I think there’s enough “looting” to discard cards in a meaningful way as well, so some graveyard synergies are possible. Blue seems quite strong to me in this set.
Alchemist’s Gift – This card has some utility as an effective 1 mana combat trick, especially since deathtouch is so powerful, but I’d need some creatures that really took advantage of it. It may just be good enough for the lifelink deck though.
Archfiend’s Vessel – If you can bring this back reliably, it can be quite powerful, but this seems like a lot of hoops to jump through. I’ll really have to see if this works or not.
Bad Deal – Actually seems like quite a good deal to me. It’s a 4-for-1! You’ll probably never want more than one, but black control decks would very happy to have this.
Blood Glutton – This seems like just a fatty for the lifelink deck, but a 5 mana 4 power lifelink creature can get some serious work done. Any black deck could certainly have a worse 5 drop.
Caged Zombie – Another 3 mana 2/3 with enough of an ability to interest me. Probably just another C, but these cards do make me stretch my evaluation muscles for sure.
Carrion Grub – This card is interesting. Seems like it pairs well with Spined Megalodon and blue looters. I’m sure this will end up being pretty good.
Crypt Lurker – A 4 mana 3/4 with an optional loot (even if it must be a creature) is very good and I expect this to see a lot of play.
Deathbloom Thallid – This was good in Dominaria and I expect it to be good here as well. A 3/2 that dies into a 1/1 is just enough above rate to make me happy playing it.
Duress – Sideboard card. Not much else to say.
Eliminate – This is a great limited card and I’m very happy to see a 2 mana planeswalker removal spell enter standard.
Fetid Imp – I’ve always liked the way this played in limited. It gets in a little and the deathtouch activation makes it a huge headache for opponents.
Finishing Blow – Expensive, but instant speed and effective. These will be played ad nauseam, I’m sure.
Gloom Sower – This is a lot of mana to pay for an 8/6 with no evasion, but I think this triggers for each creatures blocking it, and it will take at least a double block to take this down. I think this is OK if you’re really looking for a 7 drop.
Goremand – This is interesting. A 6 mana 5/5 flying, trample is a bargain for sure. You have to sacrifice a creature, but so do your opponents. This just means you’re both sacrificing your worse creatures and this is probably the best thing on the board. The disaster scenario is when this is countered and you 2-for-1 yourself, but I think this card will be very good.
Grasp of Darkness – You’re going to want 9 or 10 swamps if you’re looking to play this early, but it’s super powerful and my pick for best black common.
Infernal Scarring – Good on evasive creatures, life linkers, or first strikers, and you get your card back. You’ll know when you want this, but it still won’t be often.
Kitesail Freebooter – More exciting for constructed, but you’ll occasionally nab a removal spell and your opponent will be in a jam. I like this card, but it’s probably only a C+.
Liliana’s Devotee – This card seems great! It only triggers on your turn, so yu have to be aggressive, but once you have a zombie you can keep sending it in and your opponent has to walk in to your combat tricks or take 2. I like this card a lot!
Liliana’s Steward – I don’t think this is a card I want to play at all. It’s too easy to play around.
Malefic Scythe – We don’t see equipment this strong much, because we don’t see them qith colored casting costs. I like the move to make more colored artifacts, especially if it means cards like this see print. This card makes virtually any creature a threat.
Masked Blackguard – I’m not sure if this is any good, but I don’t think so. It might ambush a 3/3 in the mid-game and trade, but that isn’t much to get for your 5 mana. I think this is a D or worse.
Mind Rot – I really only play these in sealed, but you can side them in against control in draft.
Pestilent Haze – These effects are almost like Wrath of God against certain decks. I like to keep them in the sideboard and bring them in when they’re at their best.
Rise Again – This is interesting because it’s a common and there is so much looting in blue. It’s quite possible that some type of UB reanimate/control deck is insane if you have a couple bombs to get back with this.
Sanctum of Stone Fangs – This might be the most powerful of the shrines. If you’re draining your opponent for 2 every turn with this and another shrine, you’re probably in a good position to win that game.
Sanguine Indulgence – In the lifegain deck, being able to get back any 2 bodies for 1 mana is way above rate. At full cost, this is a little underwhelming, but might still be playable if you have a ton of value generating creatures.
Silversmote Ghoul – 3 life seems to be the magic number and this is absurd. If you get multiple activations from this, I can’t imaging too many scenarios where you lose.
Skeleton Archer – Always seems to over-perform, and is quite good if your opponent is playing multiple X/1’s. I like skeleton archer myself.
Tavern Swindler – Because all of the lifegain matters cards trigger on a gain of 3 life, this card may be much more playable than in the past. On average, this doesn’t change your life total, but it also triggers your lifegain matters cards every other turn. I think this card will be good in those decks specifically, and just a bear anywhere else.
Village Rites – I haven’t seen a ton of black cards that make disposable creatures, so there must be some in red. If that’s the case, this can actually be pretty good. If you can’t make enough fodder, I can’t imagine playing more than 1 of these at most.
Walking Corpse – If you need a 2/2 for 2, here it is!
Witch’s Cauldron – I really want to see enough token makers for this to work!
-----TLDR BLACK-----
Lifelink is a very strong theme, and it seems like reanimate is there (but quieter), as well as a sacrifice theme. Grasp of Darkness is super exciting, and I think that card will make black control decks pretty good. I’m excite to see if there’s enough red support for a real sacrifice deck!
Battle-Rattle Shaman – I’ve never been a huge fan of this card, but if you have a first striker or flyer it gets a LOT better.
Bolt Hound – This seems to pair well with the other go-wide aggro cards we saw in white. I’m not a fan of goblins chariot, but this is a BIG step above that and actually pretty good in the go wide deck.
Bone Pit Brute – Wow is this a beating! A 4/5 menace for 6 would be playable a reasonable amount of the time, but giving +4/+0 on ETB is also quite good. I think your red 6 drops could be way worse, but this is a 6 drop and you can’t play many of them.
Burn Bright – For go wide aggro only. No one else wants this at all.
Chandra’s Magmutt – A 2 mana 2/2 that can ping players after being outclassed seems fine to me.
Chandra’s Pyreling – This pairs quite well with Chandra’s Magmutt and red damage spells. If you can trigger this a few times, you can get some SERIOUS damage in.
Crash Though – This is pretty much just junk.
Destructive Tampering – Mediocre sideboard card for aggressive decks against decks with artifacts or few flyers, but really this is quite bad.
Furious Rage – This card has played very well in the past and I’m happy to see it back. It’s a pretty good card in the classic RG monsters build.
Furor of the Bitten – This is so cheap, it can really do some serious damage early if your opponent can’t take out the creature it’s enchanting. Aggro decks tend to like cards like this, but midrange and control decks pass on these every time.
Goblin Arsonist – This card is more playable than most 1/1’s, as it kills 2/2’s and multiple X/1’s. I’d play this if I were aggressive.
Goblin Wizardry – This card is interesting in that it seems to function in both the spells deck and the sacrifice deck, but seems mostly meant for UR spells.
Havoc Jester – I have yet to really see the enablers for these types of payoffs in the BR sacrifice deck, but this indeed a payoff.
Hearfire Immolator – This is just a good card, and gets amazing in the spells deck!
Hobblefiend – A way to sacrifice creatures, but I haven’t seen many token makers yet. This is probably playable in general though, as you can turn creatures targeted by removal into counters.
Igneous Cur – This really just isn’t good enough. The difference between this being a 1/2 and a 2/2 is quite apparent.
Kinetic Augur – A powerful uncommon for the spells deck. This is even ok as just a blocker and looter outside of the spells deck.
Onakke Ogre – This usually gets put into a set when 4 power is important. It’s generally playable with enough support, but dying to 2 mana 2/2’s is quite disappointing.
Pitchburn Devils – I’ve liked this card in the past. Being able to sacrifice it in the BR deck also helps a bit.
Sanctum of Shattered Heights – Turning all of your lands into lava darts is quite good, and turning them into shocks is insane. This is a very powerful shrine and worth playing.
Scorching Dragonfire – Probably red’s best common. It can’t hit players, but that doesn’t tend to matter quite as much in limited.
Shock – I think a lot of us wanted this to be lighting bolt, but shock is so efficient it’s always good enough for limited.
Soul Sear – This is super powerful and you should play all of them!
Spellgorger Weird – Super powerful in your decks with 10 spells. As a 3 mana 3/3 or 4/4 is just gets the wood chopped!
Sure Strike – A combat trick we see quite often now. Because you can win a lot of different combat scenarios, I’m higher on this than other combat tricks. Aggressive decks want Sure Strike for sure!
Thrill of Possibility – Generally playable, and great in the spells deck!
Traitorous Greed – It really hurts the BR deck that the threaten costs 4 and is uncommon. This is not a good sign for the sacrifice archetype, but I’m sure their removal is good enough the BR control works out just fine.
Turn to Slag – This was very good in mirrodin limited, and I still expect it to be good here. It’s a little clunky, but the occasional nabbing of an equipment can be game breaking.
Turret Ogre – This makes me want to play my Onakke Ogres! When this card is on and dealing damage, it’s very good!
Unleach Fury – This is a Berserk that costs 2 and you don’t have to sacrifice the creature. I can see a lot of games ending where a 4/4 goes unblocked and this is cast.
Volcanic Geyser – Excellent card. I can’t say enough good things about it. It hits players, planeswalkers, and creatures!
-----TLDR RED-----
The themes for red seem to be sacrifice (however weak), go wide aggro (also a little loose), 4 power matters, and spells matter. It looks like the UR and GR decks may outclass the RW and BR decks, but we’ll see. The best common is certainly Scorching Dragonfire!
Burfist Oak – This is a good card that fits the draw cards decks and the 4 power matters decks.
Canopy Stalker – Another uncommon for the 4 power matters deck. This is also a reasonable target for Dub!
Colossal Dreadmaw – I’ve like this guy most of the time and I’m happy to see it return.
Cultivate – Excellent magic card. This ramps you, fixes your mana, and allows you to splash. If you’re green, you shouldn’t pass this almost ever.
Drowsing Tyrannodon – A good blocker and above rate creature in the 4 power decks. I can imagin casting this and following up with Onakke Ogre and just jamming.
Fierce Empath – How good this is will depend on what you can search up with it, but even if it’s just Colossal Dreadmaw, this will be quite good.
Fungal Rebirth – Bringing back a creature that died and making 2 1/1’s is big game. This card is very good.
Garruk’s Gorehorn – A 5 mana 7/3 is going to just trade all the time. I’m not really into this at all if you aren’t giving it flying, first strike, or doing something ridiculous.
Garruk’s Uprising – This is a buildaround A in my book. This seriously makes me want to play every 3 mana 4/2 I can. Building decks around this will be a necessary skill in the format.
Gnarled Sage – Another card that checks a lot of boxes. This will be at its best in GU and RG, but is just a playable 5 drop in general.
Hunter’s Edge – A power-up punch is super good, even at 4 mana. This might be my pick for best green common.
Invigorating Surge – You really want to get more than 2 counters when casting this, but even if you don’t it isn’t a horrible deal. I think this will be a powerful green instant you have to be aware of in the format.
Life Goes On – This will mess up a lot of opponents trying to race you, but I’d start this in the sideboard for sure.
Llanowar Visionary – A 3 maan 2/2 that draws a card and ramps you a mana? Sign me up!!!
Ornery Dilophosaur – As a 2/2 deathtouch, I don’t think this quite gets there at 4 mana, but if you can turn this on it puts your opponent in a really difficult situation.
Portcullis Vine – A 0/3 you can cash in for a card later could be worse, but this isn’t exciting at all.
Pridemalkin – This wants to be in a counters deck for sure, but really works well with other reasonable-size creatures.
Quirion Dryad – I always thought of this as a poor-man’s tarmogoyf. It does a reasonable impression, especially in limited!
Ranger’s Guile – Hexproof for 1 mana is great and this card can be a blowout sometimes.
Return to Nature – There’s so much utility here. Naturalize has really been outclassed, but this still starts in the sideboard.
Run Afoul – This is a cute combo with Keen Glidemaster, and just a sideboard card really.
Sabertooth Mauler – This card is interesting. They’ve made a lot of these types of effects that trigger at your end stop only, forcing you to be aggressive and pushing games forward. I like this change, and this card is probably going to be a 4 mana 4/4 or larger most of the time. I’m in.
Sanctum of Fruitful Harvest – This doesn’t seem like a great shrine to me, but if you have 2 shrines out and your making 2 mana every turn to pay for spells and activated abilities, this can be powerful. I think you need to be a very specific type of deck to want this, and I’m not sure if it exists in this format.
Setessan Training – This is a reasonable aura. You get the card back right away and you get to push damage through. I’ve played quite a few of these in the past and image I’ll do so here.
Skyway Sniper – This is a pretty good card against flyers. Even if it costs 6 mana each time, killing multiple flyers is quite good.
Snarespinner – This card has always overperformed for me in the past and the fact that the UW flyers deck seems quite good means I’ll start this all the time.
Thrashing Brontodon – There are enough good artifacts and enchantments that I think this card will be taken highly and played in every green deck.
Titanic Growth – Just a good combat trick. I usually like 0 or 1 in my green decks.
Track Down – This is interesting. Usually these cards let you look at the top 3, take one, and put the others in your graveyard. You don’t get the benefit of putting cards in the graveyard here, but if you whiff on the first 3, you still have a chance to draw after sending all three to the bottom. I think this will be OK in the UG draw cards deck.
Trufflesnout – Talk about utility. This card will just help you stabilize against 3/1’s and be a 3/3 or larger in the tokens deck otherwise. I like this quite a bit.
Warden of the Woods – This card is a B+. If your opponent tries to deal with it, you get to draw not one, but TWO cards! This is quite the good 6 drop for sure.
Wildwood Scourge – Obviously this is at its best home in a GW counters deck, but I always like that these scale well with the game. This will be playable in most green decks.
-----TLDR GREEN-----
Green is all about drawing cards (a little different), 4 power creatures, and +1/+1 counters. I don’t see quite how green mashes up with black, but it’s possibly it is some kind of GB reanimate/midrange deck. Green seems quite powerful, especially with Blue!
Alpine Houndmaster, Conclate Mentor, Dire Fleet Warmonger, Experimental Overload, Indulging Patrician, Leafkin Avenger, Lorescale Coatl, Obsessive Stitcher, Twinblade Assassins, and Watcher of the Spheres – This is one of the few sets I feel like all of the gold signpost uncommons are actually quite good. If you see any of these cards pick 5 or later I think you can take that as a strong signal that the color pair is open.
Chrome Repicator – This is interesting as the first “collect anything” kind of card. I like this a lot and if you can pick up some doubles of reasonable common creatures, this card gets great! If you can’t trigger it at all, it’s probably better left out of your deck.
Epitaph Golem – I like these cards in and against control decks, as they usually run long games and occasionally come down to milling someone out.
Forgotten Sentinel – If you really need a 4 drop, it’s here, and it support the RG 4 power matters deck.
Meteorite – I’ve always been a fan of this card in decks that are trying to get to 6 or 7 mana. Otherwise, it’s really pretty bad.
Palladium Myr – This card is EXCELLENT. Being able to jump from 3 mana to 6 mana and start casting haymakers is HUGE.
Prismite – This card has always felt like a punishment for a greedy splash. I hope you don’t ever need this card.
Short Sword – This was reasonable in Dominaria with historic triggers, but might be good enough if you have enough flyers in M21.
Silent Dart – This is clunky, expensive removal, but it will make your opponent play awkwardly around it once you can turn it on and it’s better than no removal at all.
Skyscanner – Excellent card! This is worth playing in nearly any deck!
Tormod’s Crypt – This is essentially hot barbage in limited.
Bloodfell Caves, Blossoming Sands, Dismal Backwater, Jungle Hollow, Rugged Highlands, Scoured Barrens, Swiftwater Cliffs, Thornwood Falls, Tranquil Cove, Wind-Scarred Crag – I don’t feel like these are ever taken highly enough. They’re great picks when you’re looking at mediocre playables, as they will allow splashes that otherwise aren’t possible in coreset formats.
Radiant Fountain – I’m pretty sure onlt the lifegain deck (and maybe control decks) want this.
-----TLDR M21-----
WU – flyers, seems powerful
UB – control/reanimate
BR – control/sacrifice, seems weaker
RG – 4 power matters
GW – +1/+1 counters
WB – lifegain, seems powerful
BG – midrange/reanimate
GU – draw cards, seems powerful
UR – spells, seems powerful
RW – go-wide aggro, seems weaker
I hope this helps you guys win some drafts on Arena or MTGO in your first weeks! Thanks for reading!
If you liked this write up, please consider liking and subscribing to Forcing Spike on your favorite podcast medium: https://www.buzzsprout.com/219252
You can find me (Justin) on Facebook (https://www.facebook.com/Jacetheod-110222163821444) and Twich (https://www.twitch.tv/jacetheod). I focus a bit more on limited than constructed.
You can also find Forcing Spike’s lead co-host, Chris, on Facebook (https://www.facebook.com/Forcing-Spike-109557427223695/) and Twitch (https://www.twitch.tv/nadahipster). He tends to play more constructed.
You can also join the discussion in the Forcing Spike discord: https://discord.gg/aVTB9DA
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Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry
Yield Farming (income farming) is one of the key trends actively developing in DeFi. Thanks to this earnings strategy, the Compound project has recently taken off, ranking first in terms of the number of user funds blocked in the protocol.
The Yield Farming investment strategy, or income pharming, is to generate income from the placement of cryptocurrencies on various DeFi-platforms for crypto-lending. Before Yield Farming, the main trend in DeFi was conventional cryptocurrency deposits, bringing in 4–10% returns. However, Yield Farming can generate up to 100% annualized income.

Yield Farming is the main driver of the DeFi sector

The number of cryptocurrencies locked in DeFi (Total Value Locked — TVL) is now $2.29 billion. At the same time, over the past month, the capitalization of funds in DeFi has more than doubled, largely due to the popularity of income pharming. At the same time, the top five DeFi protocols attracted $2.1 billion in crypto assets, or 91.7% of the total TVL volume.
• Compound — $690.8 million
• MakerDAO — $644.7 million
• Synthetix — $396 million
• Aave — $192.4 million
• Balancer — $178.2 million
And the total number of users of these projects was about 230,000.
The sharp rise in interest in Yield Farming is associated with one of the new protocols on the market — Compound. Users of this platform can provide loans or take out loans in nine different cryptocurrencies, for which they receive COMP project tokens. With these tokens, Compund users can make decisions about its future development. In other words, conditional “shares” of the Compound project are distributed to those who provide liquidity to the platform, as well as to those who take loans on it. This largely corresponds to the concept of SAFG (“a simple agreement on the possibility of obtaining the right to control in the future”) as a logical development of other principles of distribution of tokens — SAFE and SAFT.


Issued daily at 2880 COMP, which is equivalent to $518,688 at a token price of $180.1. Half goes to liquidity providers, half to borrowers. At the same time, distribution is carried out to each of nine markets (BAT, ETH, USDC, USDT, Dai, REP, 0x and Sai) — to everyone who borrows or takes loans from Compound, in proportion to the interest rate, as well as to their payments for interest or income. The higher the rates for a loan or loan, the more COMP tokens are paid.
At the same time, Compound is constantly updating its token distribution rules. So, according to the latest update from July 2, COMP payments begin to be made based not on interest rates, but on the dollar value of the funds in the transaction. This should eventually lead to more use of stablecoins. For them, borrowing rates can be less than 1%, which is ten times less than for the most volatile asset in DeFi — the BAT token.
It is worth noting that until recently, Compound users received the maximum number of COMP tokens for transactions with BAT. As a result, for the period from June 19 to July 2, the volume of transactions with this asset reached $931 million, which exceeded the total turnover of Ethereum and DAI for the same period. However, another change in the rules sharply increased the volumes of DAI and USDC.

Yield Farming: Borrowing Is Better Than Lending

The changes did not affect the main advantage of Compound — the COMP tokens received by users still cover the cost of borrowing in cryptocurrencies. In other words, Compound users find it more profitable to borrow than borrow (as noted, for example, with the Tether stablecoin). Payments of COMP tokens to borrowers look like a cryptocurrency cashback for participation in the platform — this can be viewed as if, for example, American Express bank shared a small share in the share capital with users for each transaction.
This Compound policy has led to a sharp increase in loans, as well as increased income for those providing liquidity, as they also receive COMP tokens for participating in the platform. Moreover, this cashback is a plus to the interest earned on borrowed cryptocurrencies. Moreover, since borrowers receive payments on loans, liquidity providers can use their own assets to borrow more funds. As a result, their income increases and they again provide liquidity to Compound.

Not only Compound

Compound was not the only one that played an important role in popularizing Yield Farming. So, Aave makes it possible to borrow cryptocurrencies at a fixed rate, and then place them in order to generate income. Aave’s fixed rate is usually higher than Compound’s variable, which means Aave gives more income to those who provide crypto loans. There are also liquidity pools, such as Uniswap, which offer large returns (sometimes at 100% annualized rate), but with higher risks.
While the price of СOMP shows a clear downward trend (research of the Delta Exchange platform claims that this token is five times overvalued), Compound is overgrown with competitors. So, on June 22, the COMP token cost $327.82 (on the day of listing on Coinbase Pro, June 23, at the moment the cost even rose to $427), and on July 12 it was already $180.1. The fall of СOMP is noticeable, but it is worth noting that at the beginning of its emission the token cost only $16. Moreover, about 80% of COMP tokens are distributed among the top 10 addresses in Compound, and the volume of tokens in free circulation is $686 million, which corresponds to a free-float indicator of 38%. It is not high, and this will contribute to the strong volatility of COMP.
Against the background of a decrease in the cost of COMP, the Balancer platform, which provides crypto lending services from a pool of various ERC20 tokens, began distributing 145,000 native BAL tokens to liquidity providers every week. These tokens, like COMP, provide the right to participate in the management of the platform. Of the maximum possible issue of BAL 100 million, 65% will go towards payments.

Risks of Yield Farming

Despite the popularity of Yield Farming among DeFi players, this trend is not without its pitfalls. For example, Ethereum co-founder Vitalik Buterin continues to criticize DeFi, stating that “interest rates that are significantly higher than you can get when working in the field of traditional finance are either an opportunity for temporary arbitrage or are obtained at the expense of not publicly disclosed risks.”
Indeed, when using Yield Farming, the following risks should be borne in mind:
• Cryptocurrencies can be stolen from the platform they are hosted on.
• The participant may borrow too much funds in relation to the crypto deposit placed by him (trading with high leverage), as a result of which the collateral may be lost.
• The collapse of cryptocurrency rates. This factor can be realized if, for example, it turns out that some stablecoins in reality do not have the declared 1:1 collateral.
• The Compound platform will no longer reward borrowers and lenders with COMP tokens. According to the statements of the project team, the program will operate over the next four years — during this time 42% of the total token emission will be distributed. However, the site has the right to change the rules.
• Systemic risk, within which even small changes in the core principles of Yield Farming can provoke a very strong transformation of this strategy and affect its popularity.
• Scam tokens. Due to the simple asset listing system on the Uniswap site, assets such as a copy of the Balancer token, fake coins of the Curve Finance project, the DYDX token, which can be confused with dYdX, and the Uniswap Community Token, which is not related to the platform itself, appeared on it. As a result, the site issued a warning about an increase in the number of fake ERC20 tokens.

Yield Farming gives hope for the growth of cryptocurrency quotes

But how does Yield Farming affect the crypto market in general? Over the last week of June and the first ten days of July, an additional 2,430 bitcoins were added to Compound, in addition to the 170 already available at that time. The Balancer platform during the same time saw an influx of bitcoins from 126 to 1787. In total, for the implementation of Yield Farming, DeFi protocols are now more than 12,000 BTC. Potentially, an increase in the inflow of bitcoins into this sector of the cryptocurrency market can play a positive role in relation to the dynamics of the growth of quotations of the first cryptocurrency. After all, the growing popularity of Yield Farming supports interest in BTC, which is especially important given that in July, the turnover of this cryptocurrency trade fell by 31% compared to June.
Since most of the DeFi projects are based on the Ethereum blockchain and use the assets of this ecosystem, ether can potentially get an incentive for strong growth. Although the example of XRP and the development of innovations from Ripple shows that such market success is not guaranteed. It is also symbolic that the total capitalization of ERC20 tokens has reached $33 billion, exceeding the total capitalization of ether ($26.6 billion). Messari analyst Ryan Watkins, commenting on this data, said that ether has shown a very modest growth over the past two months, only 20%.
The continued growth in interest in stablecoins and the increase in trading volume with them is also driven by their popularity at Yield Farming. Along with this, stablecoins, which have long become a “bridge” between the world of classical finance and the cryptosphere, also contribute to the rapid emergence of various CBDCs on the market.

Yield Farming meets institutional investors

Yield Farming has become a natural stage in the evolution of the cryptocurrency ecosystem. However, its further destiny, like all DeFi areas, is directly related to ensuring reliable cybersecurity. This is also important from the point of view of investors who invest in infrastructure: it’s a shame, for example, that the dForce platform faced the theft of $24 million in assets, having received $1.5 million in funding from investors a few days earlier.
In this connection, venture funds from Silicon Valley are being invested in the development of infrastructure for Yield Farming. So, ParaFi is investing $4.5 million in Aave, supporting a platform that offers instant cryptocurrency loans without collateral. These are high-risk transactions for the borrower, but it is important that Aave develops further. So, it has service integration with Uniswap. Moreover, Aave became the first DeFi protocol to work with the Tether stablecoin. Plus, the platform now offers a new product — credit delegation, when a depositor can lend their assets to a specific member of the platform in a collateral-free scheme. Both parties enter into a loan agreement, which, thanks to the integration of Aave with OpenLaw, allows such a contract to be securely stored on the blockchain. In fact, this is a real exit for DeFi with Yield Farming to the classic financial market, to work with institutional investors as well.
There is also a trend towards the integration of various platforms into DeFi, which thereby help each other grow. Thus, internal tokens and “synthetic” tokens (cTokens) Compound began to be used in Uniswap. And three projects at once — Synthetix, Curve and Ren — launched a joint pool providing liquidity in the form of tokenized bitcoins.
Also in a short period of time, insurance products targeted at Yield Farming members, such as Nexus Mutual, began to appear on the market. Now the Nexus Mutual team has insured assets in the amount of $8.5 million. Curve Finance is most interested in this opportunity ($1.6 million of assets are insured). Cryptocurrencies for an average of $700,000 are also insured on the Balancer, Compound, Aave and 1inch.exchange platforms.
Yield Farming, along with decentralized insurance products, confirms the opinion of analyst Chris Burniske, who emphasized that DeFi recreates all the elements that are found in classic finance, but on a new, innovative basis. So it cannot be said that Yield Farming is a short-term trend. This segment of the cryptosphere will continue to evolve despite the decline in net margin in it, as seen in the example of Compound.
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Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.


The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.


The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at Coinbase.com. That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their Earn.com acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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Bitcoin trading exchanges

Hi guys,
I've just moved to Florida, where exchanges are strictly regulated in light of trading bitcoin with margin/leverage.
I did some research and came up with KRAKEN only.
Is there any other exchange that offers margin trading in Florida?
Thank you.
submitted by dongrihuy to BitcoinBeginners [link] [comments]

How to use Kraken: Tutorial Margin Trading Bitcoin on Kraken How to Margin Trade (Long or Short) on Kraken Exchange! Margin__How to Margin Trade Long or Short on Kraken Exchange! An Introduction to Margin Trading on Kraken  The Moloko

Margin Trading & Futures. Kraken has 2 new sections on their platform elevating the exchange to a serious trading platform, also for professional traders. One new section is the Kraken Pro subdomain, which you access from your dashboard. This is the margin trading area designed for professional traders with an advanced trading interface in the Margin trading lets you amplify your gains from market swings, allowing you to execute more complex, active trading strategies. With the power of Kraken’s advanced trading engine, you can use leverage to go long or short on a variety of cryptocurrencies by up to 5x -- you’ll have five times the earning potential compared to a regular spot Margin trading basics Sign up for a Kraken account and start trading Bitcoin, Ethereum and more today ; Sign Up. Take your crypto to the next level with Kraken. Sign Up Sign In. Take your crypto to the next level with Kraken. Sign Up Sign In. Features. 24/7 Support; Tezos is the ninth asset available for margin trading on Kraken, following Bitcoin, Ethereum, Bitcoin Cash, XRP, Ethereum Classic, Augur, Monero and Tether. With the launch, clients now have the option to pursue profits according to varying risk appetites, either by spot trading, margin trading or simply staking their XTZ . Margin trading on Kraken can be beneficial and could enable the user to amplify their gains if the right trades are executed. The platform does offer quite a few benefits, but there are also some negatives that have to be factored in.

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How to use Kraken: Tutorial

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