Making sense of Defi concepts - Curve's tokenomic on Convex Finance

What is Curve Finance? Before we dive into the tokenomic, I would recommend reading this article as a primer if you are not familiar yet with the Curve Protocol - Three minutes to take you to understand Curve Finance, the king of stablecoin trading platforms . (The article took me about 13 minutes to read instead of 3!) [I have purposely coloured the texts of various tokens such that it is easier to differentiate them as you read.] CRV is the native token of Curve Finance and distributed as reward for providing liquidity to the protocol. Now let's take a look at the brother protocol of Curve which serves a different purpose - Convex Finance. What is Convex Finance? It is a protocol that allows liquidity providers to earn trading fees and claim boosted CRV without locking up CRV themselves. Liquidity providers can receive boosted CRV and liquidity mining rewards (on Sushi) This means that one can stake their Curve LP token with ConvexFinance to get Convex LP tokens and then stake

DBS Woman's Credit Card - How much rebate can I get in %?

Nowadays I tend to do most of my shopping online, so I am looking for a credit card that can offer maximum rebate based on my spending pattern. My most actively used one was the Standard Chartered Unlimited Cashback card, which gives a flat 1.5% cashback on all spending. No minimum spend, no cashback cap. I just pretty much tagged every spending to it, as long as credit card is accepted for payment. That's until my Ruby card  came along with a 2% rebate in CRO. However, my CRO card cannot be used to top up wallets of platforms like Grabpay, Shopee. It worked well for normal online transactions in SGD as well as Paywave transactions at stores. One caveat to earning credit cards' reward for me is that I don't spend a lot per month, so hitting auspicious figures like $888 or $600 to be eligible for some higher tier rebate is mission impossible. That brought me to look at DBS Woman's Card which awards points for spending and they can be redeemed in minimum of 1

Year end reflections 2021

Investment and Trading Mr market has once again sank into lackluster mode since news of the Omicron spread. I think it's still too early to buy the dips as threats that Omicron poses to countries' economy re-opening remains to be seen. Although we see some glimmers of hope with the new COVID-19 treatment pills in pipeline.  With FED's bond purchase tapering, "hot money" flow will decrease which might deflate a bit of the Mandrake's tent  and rising interest rates might lessen indiscriminate spending. But will inflation of staples due to supply chain disruptions get readily resolved with less money printing? Hmm... Crypto I began to read up and learn crypto stuff seriously only this year - a late awakening. I started on crypto platforms like Gemini,, FTX and Celsius , finally ventured out to the once-elusive Defi world and dipped my toes into tokens other than BTC and ETH. Crypto (stablecoins included) formed about 20% of my investment portfolio. You

Quick guide: Adding the BAT tipping function to your site

To read its whitepaper or download the Brave browsers, you can go to BAT's official website . The token price has jumped lately prolly due to some FOMO buying from news . [This guide first appeared in one of my previous posts: Blog rebranding ] BAT token tipping Content creators can earn cryptocurrency BAT when readers, who find the content useful, drop tips via the BAT tipping function in the Brave browser app.  I have switched to using the Brave browser for a while now since it's UI is 99% similar to Chrome, which I was previously using.  Brave is well-known for its ad-blocking function (no pop-ups, no more annoying guru commercials on Youtube. Yes!) and you can earn yourself some BAT crypto token reward whenever you choose to click ads. The BAT can be withdrawn to your crypto wallet and then be exchanged for cash. So it's like killing two birds with one stone. Seedly has written a review on the browser if you are interested to read more. For a DNS-idiot like me, it took

Random thoughts: Time bombs, Living the present and Barista FIRE

Time bombs Everything's a time bomb when you think about it. Our life's inherently a time bomb. Stock market, crypto market are time bombs too. When we spend too much time worrying about time bombs, especially those that we have no control over, we are subjecting ourselves to unhealthy and stressful thoughts. You can make plans for the explosion time, if it makes embracing uncertainties easier.  Don't live in jitters. Living the present When we don't waste time mauling the past and worrying about the future, we are present in mind for the present. We tackle the problems at hand with our best effort, then just let them roll. If something's solvable, try our hands at it again. But know when to move on. Don't go trying to lift a boulder out of the way when you can walk around it. Sometimes we delude ourselves into thinking there are no choices out there. Like you look at a tree and think it is the forest.  You haven't probably haven't seen enough trees. The

Quick guide: Mobile App

Image has two distinct platforms - the mobile app and the exchange, both of which offer cryptocurrencies trading for users. The mobile app, however, has packed in much more and seems a little confusing to navigate for starters. Its utility token is CRO (previously MCO). Why is CRO token price spiking lately? A bit of missed opportunity gripe - I regretted not buying the amount of CRO needed for Ruby card when I first signed up. That's when CRO was at only USD $0.15 (its price as of writing is $0.70). I only started staking recently after the price run-up pushed my CRO value to reach it. I think the huge price run-up was due to the following reasons. Reason 1 - Cronos network launch just introduces the Cronos mainnet beta, the Cosmos SDK based EVM compatible chain, on 8 Nov 2021. Cronos is the EVM compatible chain running in parallel to the Chain. It aims to massively scale the Chain DeFi ecosystem, by providing developers with the ability to rapidly port

Quick guide: Onboarding to Defi (on Polygon)

Why I do Defi on Polygon chain?  It is because the gas fee is really low compared to many other chains out there, easy to bridge asset across and dApps on chain are aplenty. Matic incentives are still ongoing, although not as plentiful as during March-April period this year.  I find it a pretty decent starting point for those who are dipping their toes into Defi as one won't get "heart attack" from gas fee shock if one encountered a failed transaction or accidentally double-sent one. (Ethereum gas fee per transaction average $15 - $30, may be higher depending on the complexity of contract.) So you can play around to your heart's content, just don't get rug-pulled . Below are two routes that I have used to onboard Polygon.  Onboard routes 1. Ethereum-Polygon POS bridge The "official way" (before other bridges or allow transfer) is via the Ethereum-Polygon POS bridge. You can read the step-by-step guide here.  It would be for those who already