AutoFarm on Raydium Platform

What is Raydium?

Raydium is an automated market maker (AMM) built on the Solana blockchain. They provide liquidity to the order book of the Serum decentralized exchanges (DEX). Apart from that this innovative feature It is very similar to Pancake Swap on the Binance Smart Chain or Uniswap on Ethereum. They provide swap like in above platform, yield for liquidity provider, tax fees reward for RAY stakers.

Technical Requirement

 

 

Now we will see how to become a Liquidity Provider on Raydium Platform. I suggest you to pass by FTX Platform as they have direct transaction to Solana Blockchain without any fees. It’s way better than make the change on Ethereum blockchain where fees are very expensive right now.

From FTX you can buy Sol that we need for fees transaction and other asset that we will put in Liquidity Pool.

Also you need to add Sollet wallet extension to your browser.  Afterward add tokens, so in our case RAY , USDT, SOL. Transfer your asset from FTX to your Sollet wallet.

To do so, don’t hesitate to follow sollet tutorial on it.

When you have transfer some Sol into your wallet to validate transaction and the assets to provide in Liquidity pool let’s see how to become a farmer on raydium.io/liquidity/ !

Liquidity Provider

Now that you have your asset in Sollet browser extension and are on raydium let’s provide liquidity.

On this platform you can trade like in a decentralized Binance on https://dex.raydium.io/ or swap token instantly on https://raydium.io/swap/.

Let’s jump into farming by providing asset in raydium.io/liquidity/

 

You can add tokens and add the equivalent amount to get Liquidity Provider Token. This Token proves that you are a Liquidity provider.

This LP Token allows you to earn fees from Transaction on these pairs. In this example, you will have a certain amount of all fees of SOL/RAY Exchange.

Indeed, when you make a trade or swap on Raydium there is 0.25% fee transaction.

0.22% is redeposited into the liquidity pool and acts as a reward for liquidity providers.

0.03% is sent to the staking pool and acts as a reward for those staking their RAY tokens.

You can have a look of volume of exchange and Fees/Liquidity ratio on https://raydium.io/pools/

 

Now Let’s put our LP Token in https://raydium.io/farms to lend our LP Token into Farming Pool to have Raydium Rewards at high rates!

Once it is staked, you will have RAY Reward coming at each transaction block. For your information APR is live and can go up or down according to the liquidity and the volume.

Moreover, you can also Stake your RAY into https://raydium.io/staking/. This staking pool can offers you the access to some Initial DEX Offering (IDO). An IDO is a token offering to start and promote a crypto-project in this case on the Solana Blockchain. You can have a look at the condition on this AcceleRaytor following this link

Autofarm RAY Token

In conclusion, on the more technical side, I’ve made a Python Script that you can let run on your device this automatically stake your LP Reward or Staking Reward into more staking. Like this you will have compound interest!

You can find the instruction and the script on my GitHub: https://github.com/zeltraxi/Raydium_autofarm

Now you have optimized all your Farming Processus and autofarm on Raydium Platform. You are one of the actors of Solana ecosystem and it rewards you for it.

This is not a financial advise and be aware of their always is risk when investing.

Moreover be aware of Impermanent Loss when providing Liquidity: https://academy.binance.com/en/articles/impermanent-loss-explained

If you want to go further:

To know more about this Raydium project : https://raydium.gitbook.io/

Raydium French Youtube Tutorial: https://www.youtube.com/watch?v=YIyJNBq02TI

In relation here is my Lending/borrowing OASIS platform review : https://www.guillaumeniay.eu/oasis-defi-platform/

Don’t miss out my review of CeFi, DeFi : https://www.guillaumeniay.eu/cefi-defi-the-renewal-of-savings/

AutoFarm on Raydium Platform made by Guillaume Niay

Oasis DeFi Platform 

What is Oasis?

Oasis is a platform for decentralized finance launched in November 2019 by MakerDAO.

You can use it to exchange token,borrow DAI (stablecoin soft-pegged to the US Dollar) and earn savings.

 

Secure protocol built on Ethereum

Oasis is built on top of audited and formally verified smart contracts created by Maker, the industry leader in secure decentralized finance.

Completely permissionless

You—and only you—control your assets. Oasis is a decentralized, non-custodial platform, accessible using an Ethereum-supported wallet.

“Decentralized Finance (DeFi) is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries.”

My curiosity on crypto and blockchain environment has brought me to this point. Thanks to Hasheur and CryptoMatrix I’ve learn a lot about DeFi. I now understand better why this can be an huge revolution in finance sector.

 

 

Why I decided to use it?

ETH 2.0

Personally I was very happy with my Crypto.com app account with good staking benefit (up to 16%). Yet, I wanted to stack Ethereum to prepare myself to become a main validator with 32 ETH for Ethereum 2.0 and earn validations rewards.

Meanwhile I was accumulating ETH I was a bit disappointed with the staking reward I was getting (only 3% earning per year) which is still incredible compared to traditional saving account but far from other staking rewards (CRO 16% per year).

DEFI

Afterward, I heard a lot about DeFi and I started to do some research about it. I found out it could resolve my problem by optimizing my earning.

I can still play the long term HOLD and getting profit from it. I looked on several solutions and I’ve chosen the one from the best organization in this area: MakerDAO. So I followed up and went on the platform linked to the organization: Oasis.

 

 

Step

  • Buy Ethereum
  • Get Metamask
  • Transfer fund to Metamask
  • Borrow DAI
  • Reinvest your DAI
  • Pay your Debt

ethreumdapp

 

OASIS Tutorial

 

Buy Ethereum

First you need to buy Ethereum. I suggest you to buy on Crypto.com app which is a great application to enter the crypto world easily. You can buy crypto by your credit card or bank transfer (no transaction fee at this date) and you can download the app on this link. You will see how great is this app is with the review I’ve made on this article.

Get Metamask

Second Step will be to have a web wallet. The easiest way is to have Metamask a google chrome extension or directly on your Brave crypto wallet. Brave is an amazing web browser and you can find why on the article I’ve made here. You can download Brave on this link if you want to support the website. So now we need to transfer our fund to Metamask. Normally you can copy your crypto address on Metamask.

 

 

 

 

Transfer your fund to Metamask

Metamask

 

Now you can go on your Crypto.com app: Crypto wallet -> ETH -> Transfer -> Withdraw.

Withdraw your ETH to your metamask address you’ve copy. Once done your should have your ETH on your Metamask!

OASIS Borrow

Go on OASIS Borrow to start and connect your Metamask. Now let’s start borrowing!

ETH_collateral

As you can see their is currently NO FEE on borrowing with ETH and BAT.  

So what are we doing right now? We are borrowing DAI (USD stablecoin) at 0% Fee

Yet as you can see you have something called liquidation ratio. If what the value you have in collateral is below this line you will lost the amount you borrowed plus liquidation fee 13%. We will make several scenario to see what can happen.

Let’s say I borrow 1000 DAI (1000$), put 10 ETH as collateral and have as above 150% of Liquidation Ratio.

Worst Scenario

In this bad case the price will go down and goes below your liquidation ratio. In this example ETH goes under 150$.

You will loose the amount you’ve borrowed (1000$).  You will have a 13% penalty because you went under liquidation ratio (130$).

In this case you will loose around  1130$ of ETH. Moreover your ETH have less value. You have to understand the risk of it as their is in any financial market.

Most Cases

In most cases you don’t put you at risk and are putting a good amount of collateral to be sure you are well above liquidation ratio.

In that scenario price almost didn’t move. So you had change your DAI to CRO to  stack them 1 year at 16%.

After this year you decide to pay your debt. So you pay back what you paid 1000$ in DAI which you’ve converted from CRO and your Ethereum and have earned at 16% during this time.

Best Scenario

Now let’s say that Ethereum price rise up. So you still have your collateral that has more value right now and you have earn CRO at 16% during one year.

You are winning a lot! Imagine that CRO also have a better price than where you made your deposit, then you had made a great investment.

You won from staking and from Ethereum price rising up! Eventually, you can easily paid your debt with the profits made.

So add value according to your economical situation. Play with finance will always be risky so be careful there is no guaranteed money.  Always look to be above the liquidation ratio and normally if the market stands or go higher you should make profit.

When you have set up your borrowing information and collateral you can generate the amount of DAI you want to have.

Vault

Vault DAI

In my scenario I have a collateralize ratio up to 280%. Right now ETH price is at 212$ so I’m well above my liquidation price which is at 112$ ETH.  

Reinvest my DAI

After generating my DAI I will go again on my crypto.com app and look at my DAI deposit address.

So go on your wallet -> transfer -> deposit -> DAI. Copy the address and from OASIS in your Wallet Balance click on send in the DAI line. Then enter the amount you want to transfer and paste your crypto.com DAI address.

Wait for the validation of your transaction (around 5 minutes) and you will have DAI in your crypto.com app. 

Then you can stake at the high earning rate of crypto.com:

  • Keep it in DAI up to 10% (*if less than 500 MCO stacked)
  • Change it into CRO and earn up to 16% (*if less than 500 MCO stacked)

In the first case you will be sure to earn 10% of your earning. In the second one it is 16% but the CRO price can go down or up which can impact your return on investment!

Pay your Debt

When you decide that you want to close your smart contract loan you can easily do so by going into Paying back button in Oasis.

It will close your Smart contract and here it comes to an end!

PROS & CONS

Decentralize finance is a very interesting tool which has a lot of benefit. Let’s have a look at the advantages and disavantages.

Advantages

 

 

You can earn from this platform:

  • stability fee low (even 0%)
  • Flexible reimbursement without time constraint
  • Decentralize leverage if Ether price rise up                   

 

No third party and you keep your privacy. You are not tracked. Sites is fully decentralized but teams works on security. It is a main subject very well handle with constant improvements and audits.

Moreover you don’t risk a centralize entity to stole and go away with your fund, it’s fully yours. Their can’t be any frozen account which is a big plus.

Disadvantages

risk

 

 

Financial risks from value as we saw earlier:

  • Stability fee (6% for USDC)

  • Liquidation threshold

  • Liquidation penalty                                        

 

If their is a hack their is not centralize company to help you (even if in reality MakerDAO foundation find way to help his users). 

Indeed, most of the time institution like banks are keeper of your funds and guarantee the security of it and provide you a support team for any problems.

Conclusion

Finally I gave you all my knowledge about OASIS and Decentralized Finance. It’s up to you to use it. I hope you have learn new things.

in my opinion, I have found a good answer at one of the issue I have. Now i have to make sure everything goes well until I have my 32 ETH!

ETH bullrun

Don’t hesitate to reach me if you have any question about this article. Have a good day!

Guillaume Niay

Source:

https://www.reddit.com/r/MakerDAO/comments/g33ato/oasis_walkthrough_video_available_on_yt/

oasis.app

makerdao.com

Blockchain in Automotive sector

Esaip and Vector wanted us to provide a scientfic article for blockchain.  We focused our research on IOT and auto for this topic.
I made this article in partnership  with Louis Archenoux, Léa Cavaree, Pierre Mathelin and Driss Essayed. 
This article is available on the link below:

French Version

PDF

 

English Version

PDF


Crypto.com app

Crypto.com is a smartphone application that aim revolutioning banking. You can buy/sell and transfer cryptocurrency or FIAT(US Dollar,Euro,Japanese Yen …).

You can track cryptocurrency market and compare price chart with USD,EURO,Bitcoin. 

 

 

This application provides more options. You can use the crypto invest tool made for beginners. You put your investing profile and the money you want to invest.

Afterward they are according to you a trading bot that will help you to make a portfolio. You will then see how your investment is going day by day without having to do anything.

 

 

One of the most interesting widget of this app Crypto Earn. It allows you to stake and earn crypto. Their is several options for getting interest per year.

The first one is the flexible. It’s staking amount you can withdraw at any moment. The rest you have to keep it one month or three month. Perfect for person who want to Hold & gain crypto by doing so.  

Without staking MCO and depending on which crypto you’re staking. You can see the earning rate above.

Last options are crypto credit that I’m not recommanding as the interest rate is high. Eventually you have a FIAT wallet to stake your currency as you do with your bank.


MCO

 

 

MCO is the utility token of this application. It allows you to get the VISA Card (even if their is a free MCO card). Visa is a Crypto.com partner and that’s why it’s, for me, the most interesting banking project right now.

Their is various card options. The first one is free and then you have to stake MCO to get a better card. The advantages of getting a better card, they can be reward or purchase rebates on Spotify,Netflix and so on. You can see all information here

MCO can be useful to get more earning percentage on Crypto Earn with 500 MCO staking (approx. 2000 dollar). You can have discount on credit invest. Normally when you use crypto invest it takes 18% of the profit made. Instead with MCO staking it’s at 9%.

CRO is drop yearly by holding MCO. You can find MCO price charts here.

You can find more information about MCO token right here.


CRO

 

 

CRO is a blockchain for the exchange plateform created by crypto.com.

The token can be stack as the blockchain work as Proof of Stake.  You can stake it on the exchange for 6 month to get 20% interest per year. You can also get rebate on your trading fee. It works a little bit as Binance coin for comparison. Their is event of 50% off crypto currency called: syndicate. 

The number of CRO you stacked allows you to purchase an amount of this crypto with 50% discount. It has rules but it’s very interesting to make profit without doing anything.

Moreover you can pay e-card/gift card with CRO and get cashbacks. This is the final aim of this product: offering to merchant a way of buying/selling good with low/without fees.

This technology would allow you to pay in all currency or crypto you want everywhere at low fees.

You can find price charts of CRO here.

Eventually, If you are interested in this project you can download the app with this link:

https://platinum.crypto.com/r/nsrzskeq5j

 

 

 


Basic Attention Token

 

Brave is a  browser that aim to change the vision of internet and the ads.  The ads are nowadays only seen as annoying. Indeed, they lower user satisfaction of browsing on the internet.

Moreover, 99% of the ads are own by Facebook and Google that can sell them.  Brave wants to distribute this market. It aims to decentralize ads marketing of internet.

Brave solve the problem of data integrity and privacy that other such as google were using to make profit and sell it while the user couldn’t really tell his consent.

Leading by the co-fonder of Mozilla, Brendan Eich, this browser has several interesting options:

  • Ad & tracker Blocker integrated
  • Allow ads in exchange of BAT(cryptocurrency)
  • Fast & customizable

It’s a very serious project that is growing fast! It has already more than 10 millions active user. Moreover, you can directly reward the content you’re watching or donate it to creators that accept payment in BAT. This money of Brave named: Basic Attention Token  is what companies pay for to pay the ads.

You can share it as tell above or keep this money. The user receive monthly rewards for watching ads. A brand new world is coming. This technology care more about user and look to improve Ads sector. In this system all participants win and equality is provide:

  • Company target their user and know they are looking at it
  • Websites receive directly their money
  • User get paid or choose to avoid ads

If you want to download it and have a try: 

https://brave.com/gui697/