MoodyMisanthrope

I don't think they need permission from Binance per se. But Binance is really keeping an eye on what is happening on their Binance Smart Chain. For example, there was a project that did an rug pull recently and Binance traced the stolend funds back to the scammer and did make him return everything that was stolen: Link: https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform Things like this gave me the confidence to try Pancake Swap and so far I am happy with it.

Yeah YFI is what made yield farming popular. But with prices higher than Bitcoin and expensive ETH Tx fees I was hoping for a cheaper alternative. That's why I bought some CAKE yesterday and I am currently providing liquidity on the CAKE-BNB pool on PancakeSwap and get rewarded with CAKE for that. APY is currently 278%!!! So far it's working really smooth. Will let you guys know about my experiences.

It will be interesting to see if the DeFi sector will see another pump again after Bitcoin settles and moves a bit sideways. Decentralized finance is definitely a hot topic and even though there was this massive hype, I see a lot of potential to grow. Once more and more users come from the traditional finance.

Thanks a lot for your answer. When you are saying that you tried yield farming on BSC, which farm did you use? Pancake Swap? There are some others but that Pancake Swap is the biggest one with the highest TVL. Here's a list of all Yield Farms on BSC: https://bscscan.com/yieldfarms

I haven't been very active on Twitter lately but last time I checked, follow-back was the easiest way to get new followers fast. However these followers won't probably be really interested in what you are tweeting. If you want to build up a genuine and interesting Twitter profile that will take a lot of time. But the more followers you have that follow you because of your tweets, the more influence you get. If it's only for Bounty purposes, follow-back is probably enough. A lot of campaigns don't really check how you got your followers. But you should try not to attract too many bots, that will give you a bad score.

I know I am a bit late to the DeFi party but I just recently learned about DeFi Yield Farming. Is it worth to try it out if I don't have a huge amount of money to play around with? Like only 500 bucks or so? Or is yield farming only a thing for the rich ones? I know that ETH tx fees can become a real pain in the ass when you have to interact with the farms. So maybe a farm on the Binance Smart Chain would be cheaper? Thought about trying out Pancake Swap. Does anyone have any experience with it? Or maybe we can use this thread to collect some general info about yield farming. The best farms, APYs and which one we should better avoid. I am still learning so your input is highly appreciated.

There was this news recently that BTC worth around $1 billion at current market price was moved from the wallet that belongs to the dark web marketplace Silk Road that was shut down by the authorities in 2013. The one who ran that marketplace is currently in jail so how could he be the one who sent away the BTCs. Do you think hackers have gained access to that wallet? Or is someone else having access to these huge amount of money? And do you think whoever did this will start selling these Bitcoin (that would ofc have a high risk of getting caught). What do you think about all this? Can this be have an significant impact on the BTC price? Source: https://www.coindesk.com/nearly-1b-in-bitcoin-moves-from-wallet-linked-to-silk-road

Depends. If BTC continues to pump like it did today, then it's the best to have your funds in BTC... but it could also be the case that profit from that BTC pump is moving into alts now. Then I would suggest alts with good potential, like ETH, ADA, IOTA, UTK etc. Or some more unknown ones like AERGO, DUSK ... Hard to decide actually but right now I wouldn't put any new fiat into BTC.

Well, for reputable DeFi projects like LINK, Aave etc. that might be true but it's to easy to generalize and say that all DeFi Tokens are oversold. There are plenty DeFi Tokens that were only created to ride the hype. Similar to alot of the ICOs that were issued in 2017/18. These kind of tokens will bleed out slowly. There is no real motivation for the ones that created them to actually develop any further.