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Having recently breached the $1B milestone, the defi ecosystem is booming and showing no signs of slowing down. People are earning interest, however little:
And everything seems right in the world. But is it? If you've been involved with any of these defi apps, chances are you've come across or even asked some variation of:
Why is the return for lending X so low?
That's the problem of there being far more lenders than there are borrowers especially if you're trying to lend a non-stable asset. Take Compound arguably the premier "money market" protocol out there in which there's currently ~$87M worth of ETH deposited ("supply"). Only $633K of that amount has been borrowed. That peculiar situation remains largely unchanged on other platforms like Fulcrum and the more recent Aave.
And why would it be any different? The current set of defi lending apps significantly favors lenders over borrowers, and lenders are already naturally incentivized by earned interest. Borrowers, on the other hand, are subject to (sometimes absurdly) high collateral ratios, liquidation risks, and in the event, they manage their loans to term despite crypto volatility, receive no equivalent incentive like interest often increasing after the fact nowadays, and the borrowers have to pay these to compensate them for dealing with market inefficiencies and being good peers. Yield is an attempt to fix that.
Yield?
Yield is a P2P no need to worry about yet another set of representation pseudo-tokens lending dapp. What sets it apart from virtually every other defi lending app out there is that not only is lending incentivized as always, but so too is borrowing. No longer will you have to successfully manage your loan to term yet earn nothing for your trouble. This helps not only the lenders and borrowers of non-stable assets like ETH but also, and perhaps especially, the borrowers of stable assets like DAI and USDC.
Say SpongeBob puts up a borrow request for $1,000 worth of BAT, overcollateralized with $1,350 worth of ETH @ 2% interest for 45 days. Squidward quickly funds expecting interest when it's due and as expected, a couple of weeks later, SpongeBob repays Squidward $1,020 (principal + interest). Normally, that would be that Squidward gets his principal back + interest and SpongeBob, well, all he'd get is his collateral back. With Yield, SpongeBob would be able to claim 10 YLD and, assuming he does the smart thing (as always) selling them for more than his total expenses, he could possibly end up as well, if not better, off as Squidward.
Increasing the YLD reward he can claim is simple:
Borrowing $1,000 worth of BAT @ 5% interest would yield 40 YLD
Borrowing $5,000 worth of BAT @ 2% interest would instead yield 50 YLD
Two levers any borrower is free to exercise increase either the interest to be paid or the principal requested and you increase the reward you can claim. Before freaking out about the existence of a token...
Another Token? And Hyperinflation?!
Like many other defi apps, Yield has (for lack of a better term) fees that are levied on both borrowers and lenders. The fees in Yield would exist regardless of any token (although the project likely wouldn't since the point is to balance the lenderborrower relationship by compensating borrowers for taking on market inefficiencies and using said compensation to eventually facilitate what some would say is the holy grail undercollateralized loans). This is because, as the creators of the dead P2P Dharma lending protocol have learned, free is neither a business nor bootstrapping model especially in a competitive market and more so if you are beholden to some VCs who will eventually come knocking. Said fees also disincentivize certain malicious actions and freeloading. The question then becomes what to do with those fees when you:
don't actually want the fees and want to ensure that, unlike in other platforms, users get back all of the value they put in in some form
understand the folly of "build it and they will come" and have to deal with the realities of bootstrapping a new project in a fairly competitive market, and one that involves a P2P market
With the entire point of the project revolving around the token and how it modulates the incentives of lenders and especially borrowers, and the existence of necessary platform "fees", the answer to the above questions is obvious 100% of said fees is used to burn YLD, and at a rate that is more aggressive than most, if not all, other implementations. As a quick comparison using the figures from Aavewatch, there is currently $12.9M sloshing around in the protocol but only $10.7K has been generated for burning. The same amount in Yield would result in no less than $128.7K for burning.
To deal with inflation, there is a limit of 350 YLD per loan so the Pearl Krabses of the world, despite being impressively large whales, cannot simply dump all their ETH into the system in one fell swoop and hyper-inflate it to death. This limit together with the burn explained above, as well as others that will be expanded upon in future articles keep the inflation rate relatively tame.
Starting out, YLD enables these utilities:
cutting 25% off their user fees
increasing the YLD per loan borrowers can claim
to reduce the collateral liquidation ratios (the difference between active and defaulted is often less than a percent)
Some may have noticed an unspoken utility of sorts in that it further incentivizes borrowers, separate from the fear of being liquidated, to manage their loans to term, unlike every other platform that simply relies on hopefully swift liquidation if the collateralization ratio falls too low. It's not too hard to see how this utility gets supercharged in the event undercollateralized loans become a reality.
Wen Mainnet?
That's right! You won't have to wait umpteen months to use Yield to earn yield. The incentivized private beta is currently ongoing and the kinks smoothed out. If it isn't obvious already, Yield has a token, YLD, and tokens need to be distributed. There will be no ICO, IEO, or some-such but rather an airdrop of ~1M YLD, to add to a starting supply of 1M YLD. Claim your spot in the first round of the airdrop by registering here:
https://t.me/yieldchat
And everything seems right in the world. But is it? If you've been involved with any of these defi apps, chances are you've come across or even asked some variation of:
Why is the return for lending X so low?
That's the problem of there being far more lenders than there are borrowers especially if you're trying to lend a non-stable asset. Take Compound arguably the premier "money market" protocol out there in which there's currently ~$87M worth of ETH deposited ("supply"). Only $633K of that amount has been borrowed. That peculiar situation remains largely unchanged on other platforms like Fulcrum and the more recent Aave.
And why would it be any different? The current set of defi lending apps significantly favors lenders over borrowers, and lenders are already naturally incentivized by earned interest. Borrowers, on the other hand, are subject to (sometimes absurdly) high collateral ratios, liquidation risks, and in the event, they manage their loans to term despite crypto volatility, receive no equivalent incentive like interest often increasing after the fact nowadays, and the borrowers have to pay these to compensate them for dealing with market inefficiencies and being good peers. Yield is an attempt to fix that.
Yield?
Yield is a P2P no need to worry about yet another set of representation pseudo-tokens lending dapp. What sets it apart from virtually every other defi lending app out there is that not only is lending incentivized as always, but so too is borrowing. No longer will you have to successfully manage your loan to term yet earn nothing for your trouble. This helps not only the lenders and borrowers of non-stable assets like ETH but also, and perhaps especially, the borrowers of stable assets like DAI and USDC.
Say SpongeBob puts up a borrow request for $1,000 worth of BAT, overcollateralized with $1,350 worth of ETH @ 2% interest for 45 days. Squidward quickly funds expecting interest when it's due and as expected, a couple of weeks later, SpongeBob repays Squidward $1,020 (principal + interest). Normally, that would be that Squidward gets his principal back + interest and SpongeBob, well, all he'd get is his collateral back. With Yield, SpongeBob would be able to claim 10 YLD and, assuming he does the smart thing (as always) selling them for more than his total expenses, he could possibly end up as well, if not better, off as Squidward.
Increasing the YLD reward he can claim is simple:
Borrowing $1,000 worth of BAT @ 5% interest would yield 40 YLD
Borrowing $5,000 worth of BAT @ 2% interest would instead yield 50 YLD
Two levers any borrower is free to exercise increase either the interest to be paid or the principal requested and you increase the reward you can claim. Before freaking out about the existence of a token...
Another Token? And Hyperinflation?!
Like many other defi apps, Yield has (for lack of a better term) fees that are levied on both borrowers and lenders. The fees in Yield would exist regardless of any token (although the project likely wouldn't since the point is to balance the lenderborrower relationship by compensating borrowers for taking on market inefficiencies and using said compensation to eventually facilitate what some would say is the holy grail undercollateralized loans). This is because, as the creators of the dead P2P Dharma lending protocol have learned, free is neither a business nor bootstrapping model especially in a competitive market and more so if you are beholden to some VCs who will eventually come knocking. Said fees also disincentivize certain malicious actions and freeloading. The question then becomes what to do with those fees when you:
don't actually want the fees and want to ensure that, unlike in other platforms, users get back all of the value they put in in some form
understand the folly of "build it and they will come" and have to deal with the realities of bootstrapping a new project in a fairly competitive market, and one that involves a P2P market
With the entire point of the project revolving around the token and how it modulates the incentives of lenders and especially borrowers, and the existence of necessary platform "fees", the answer to the above questions is obvious 100% of said fees is used to burn YLD, and at a rate that is more aggressive than most, if not all, other implementations. As a quick comparison using the figures from Aavewatch, there is currently $12.9M sloshing around in the protocol but only $10.7K has been generated for burning. The same amount in Yield would result in no less than $128.7K for burning.
To deal with inflation, there is a limit of 350 YLD per loan so the Pearl Krabses of the world, despite being impressively large whales, cannot simply dump all their ETH into the system in one fell swoop and hyper-inflate it to death. This limit together with the burn explained above, as well as others that will be expanded upon in future articles keep the inflation rate relatively tame.
Starting out, YLD enables these utilities:
cutting 25% off their user fees
increasing the YLD per loan borrowers can claim
to reduce the collateral liquidation ratios (the difference between active and defaulted is often less than a percent)
Some may have noticed an unspoken utility of sorts in that it further incentivizes borrowers, separate from the fear of being liquidated, to manage their loans to term, unlike every other platform that simply relies on hopefully swift liquidation if the collateralization ratio falls too low. It's not too hard to see how this utility gets supercharged in the event undercollateralized loans become a reality.
Wen Mainnet?
That's right! You won't have to wait umpteen months to use Yield to earn yield. The incentivized private beta is currently ongoing and the kinks smoothed out. If it isn't obvious already, Yield has a token, YLD, and tokens need to be distributed. There will be no ICO, IEO, or some-such but rather an airdrop of ~1M YLD, to add to a starting supply of 1M YLD. Claim your spot in the first round of the airdrop by registering here:
https://t.me/yieldchat
Quoting for the image(s)
Re: [ANN] HAT.Exchange fka Hawala.Today | IFS | P2P CRYPTO-FIAT EXCHANGE
[-- snip --]
No you don't. You have info on a Zeeshan Masood Taj and Navaid Yusuf with nothing substantial linking them to those random faces on the Bynary site. Nothing.
It's like googling Omer Masood and taking the first result of the medical doctor that shows up as evidence of their existence. There's several Zeeshans and whatnot out there, what you have could be about any of them.
Quote
[-- snip --]
LOL! Two guys with a history of failed companies doesn't make you suspicious?
You really think if it was a scam they'd sit in those locations waiting for you to come and find them? Naive much?
Like I mentioned before I have no stake in this.
So you claim but it's a new account that appears to be bought/hacked (see "user's email address was changed recently") with his first (and only) post(s) on this thread, and not just any type of post but ones that go straight into defense mode. Surely you don't think we're that gullible, do ya?
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I was just trying to help you guys. I have a lot more information like previous addresses, resumes, alma matters, previous projects these people were associated with). Also if you notice I don't have any information listed for Omer Masood.
Of course, I can imagine since you are involved with the project you would "know" such things. Try putting it up on the website if you have anything of substance to show.
Quote
Also, Tough guy just pickup the phone and call the law firm. The phone number is 312.641.0060
Stahl Cowen
55 West Monroe Street, Suite 1200
Chicago, Illinois 60603
T. 312.641.0060
Stahl Cowen
55 West Monroe Street, Suite 1200
Chicago, Illinois 60603
T. 312.641.0060
LOL! Clearly an alt account of one of the team members.
Nice try but you've proven nothing, I'm sure you're in the telegram channel so you're aware the "law firm" has already been contacted by Stonesy.
Also, I didn't give any evidence of their existence. I don't know if these people are real.
All I am giving you is the information I found based on the names provided.
The only reason I am providing this here is it seems like people want to know the people behind the project.
All I am giving you is the information I found based on the names provided.
The only reason I am providing this here is it seems like people want to know the people behind the project.
Fantastic. Claims he doesn't know if they're real while simultaneously claiming what he's providing is info on the people behind the project and just earlier he claimed "I have a lot more information like previous addresses, resumes, alma matters, previous projects these people were associated with".
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Plus I am sure you must ha.ve heard of the Justice System or Court of Law. This is USA. You scam here you pay here. You won't get away like other (no names taken) countries
That's an incredibly high level of naivety on display especially when you consider there's nothing substantial on these guys and the proliferation of scams in this space. A level of ignorance one would expect from someone that just joined the crypto space.
I like the idea behind this coin. I do not own any. Still doing my initial research on it. I read a lot of red flags. So did some research.
so hat.exchange says the team behind HAT.Exchange is available on the website of the holding company, Bynary Inc. or http://bynaryinc.com/
People behind it are
Zeeshan Masood CEO/CTO
Navaid Yusuf Board Director
Omer Masood Board Director programmer, architect, designer
Sean Pettersen Board Director
Mario Suwandy Head of Design
www.stahlcowen.com as the legal firm representing them.
now out of the above-listed guys, I have information for first 2.
[-- snip --]
so hat.exchange says the team behind HAT.Exchange is available on the website of the holding company, Bynary Inc. or http://bynaryinc.com/
People behind it are
Zeeshan Masood CEO/CTO
Navaid Yusuf Board Director
Omer Masood Board Director programmer, architect, designer
Sean Pettersen Board Director
Mario Suwandy Head of Design
www.stahlcowen.com as the legal firm representing them.
now out of the above-listed guys, I have information for first 2.
[-- snip --]
No you don't. You have info on a Zeeshan Masood Taj and Navaid Yusuf with nothing substantial linking them to those random faces on the Bynary site. Nothing.
It's like googling Omer Masood and taking the first result of the medical doctor that shows up as evidence of their existence. There's several Zeeshans and whatnot out there, what you have could be about any of them.
Quote
Zeeshan Masood (Treasurer )& Navaid Yusuf (President) had WORLDTRADECORP registered in Nevada (2001)
Current Company Status Permanently Revoked Company number C24070-2001NV
Navaid Yusuf(President) had MICRONIX registered in Nevada (2001)
Current Company Status Permanently Revoked Company number C26733-2001NV
Zeeshan Masood used to own Togglewave LLC Forfeited existence
Currently (President) Reach Communications Inc. CA, TX JUSTYAP
current personal addresses are for Irving TX 75063 and Elk Grove CA 95624
I don't think this can be a scam since it would be the most stupid one. If I can have phone numbers, addresses and another personal history in a day everyone else can too.
LOL! Two guys with a history of failed companies doesn't make you suspicious?
You really think if it was a scam they'd sit in those locations waiting for you to come and find them? Naive much?
Re: ANN: ELIXIR (ELIX) Crowdfunding, Lending and Payments Platform
Impressive update as usual. Keep it up guys. 
Theyre getting close to 500 Beta signups already! Awesome progress. Waiting for updates about when well be able to try out the beta and check out this sneak peek (with fun background music) of the app!
any writeup on some beta experiences?
The beta isn't public yet so no, not atm.
Regarding the price , just be patient. A lot of good alts are down over 80 percent. Just give it some time and don't panic sell.
True that. You can check for yourself at athcoinindex.com. It's not just ELIX getting bludgeoned by this bear market, it's pretty much every one.
Can I use SALT to Invest as I used to do it at btcjam, lendinclub, btcpop and other lending platforms?
Or there is no use as an Investor, and only as a Borrower?
Or there is no use as an Investor, and only as a Borrower?
Lending on Salt is not P2P, restricted to accredited investors only and very regionally restricted for borrowers and lenders. You should look into other platforms like ELIX if you want to get that P2P feel.
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
Quote
THE LAST SIMILAR SCAM HE PULLED WAS ZETH.
ALSO TRYING TO COMBINE Z-Snarks with ETH.
WAS ALSO RELUCTANT TO SHARE HIS "CODE" BECAUSE HE WAS TRYING TO PROTECT It.
https://bitcointalk.org/index.php?topic=1802128.0
THIS IS A FUCKING SCAM.
READ FOR YOURSELVES.
ALSO TRYING TO COMBINE Z-Snarks with ETH.
WAS ALSO RELUCTANT TO SHARE HIS "CODE" BECAUSE HE WAS TRYING TO PROTECT It.
https://bitcointalk.org/index.php?topic=1802128.0
THIS IS A FUCKING SCAM.
READ FOR YOURSELVES.
DAVE WILKINSON IS BACK AND SCAMMING NOOBS.
DON'T LET HIM GET AWAY WITH YOUR MONEY.
Good find! You should post this in the Scam Accusations section.
Re: Enrolled in same signature? And accused of having alt? >Coiner_<
Coiner_
First sorry I posted here I can't post on the thread anymore because it was locked
https://bitcointalk.org/index.php?topic=1702409.0
You falsely accused me because of some connection? Some broken connection?
First sorry I posted here I can't post on the thread anymore because it was locked
https://bitcointalk.org/index.php?topic=1702409.0
You falsely accused me because of some connection? Some broken connection?
Uh, I don't speak gibberish. What false-accusations-because-of-broken-connection do you claim I made?
Quote
you first accused me with this jc and when this job replied you just searched some possible connections?
Wut? 😐
Quote
You wrongly just accused me on the 2nd time with
Tanclan
Tanclan
I did not falsely accuse you of anything, I linked you to TanClan because you used the same BTC address.
Quote
Like replied on a thread and enrolled with the same campaign
I like how you leave the major fact above out.
The link directs to a thread where coiner post about this connection
The thread has 73 pages and 1443 posts, which post we are talking about? You guys are creepy you jayce, I think you have a problem with lauda here?
No no I love cat, dont worry 
Its a post where coiner saying that me and this tanclan joined the same campaigns and thats the so called proof of coiner it just none sense.
Sorry I searched it again so you all can see what Iam talking about but for now I am out.
Let me get you straight: you found out I connected you to another account and yet were so lazy that you couldn't even link to where I did that and your excuse is some vague nonsense about the thread being locked and how you searched the thread? Did you miss the Here link on the table?
Re: ANN: ELIXIR (ELIX) Crowdfunding, Lending and Payments Platform
ELIXIR's mission is "A crowdfunding, payment ledger, and lending platform" well well.
Loan platform. I realize that Bitconect is currently banned from lending. I think this is affecting the value of crytocurrency loans.
Loan platform. I realize that Bitconect is currently banned from lending. I think this is affecting the value of crytocurrency loans.
What does a ponzi scam that disingenuously labeled itself as a "lending platform" have to with Elixir and its value?
white paper doesn't look good
They're working on a new one. There's a survey up on the reddit sub.
Re: ANN: ELIXIR (ELIX) Crowdfunding, Lending and Payments Platform
[-- snip --]
Hey fellas thanks for taking you some time to enlighten me. Actually I bought 19,6k elix @1500 sat and I am still in. Just trying to figure out if its already time to walk away with the gains. Since you all are obviously so convinced and strong believers I decided to just pull out my invest and see where this will go.
Hey fellas thanks for taking you some time to enlighten me. Actually I bought 19,6k elix @1500 sat and I am still in. Just trying to figure out if its already time to walk away with the gains. Since you all are obviously so convinced and strong believers I decided to just pull out my invest and see where this will go.
Zero evidence for this and utterly irrelevant.
Quote
@Coiner: You clown be told that it is a common practise to speak in "I-form" in order to express that one states his *personal opinion*.
Says the clown who couldn't read. Good job.
Re: ANN: ELIXIR (ELIX) Crowdfunding, Lending and Payments Platform
@viljy: Okay, so I just have to wait? Because I am a little bit nervous now.
There and other wallets for tokens do not work, e.g., PKT. It seems to me that this is due to the overspending of the ETH for sending tokens. From users, they charge for sending payment in tokens, and pay for sending to ETH. And there is a lot of expensive gas. Probably not calculated that there will be so many users. Even the exchange is constantly slowing down.
And this is actually the reason why a etherum and tokens based on it are completely outdated. Just to mention cryptokitties bottleneck. Today we have so many platforms which will perform so much better, eg. stratis, nxt or waves..
Oh don't worry pumpkin, the devs are well aware of the bottleneck and have no issue switching when absolutely needed.
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Btw. I actually don't see any use for this token in future.
Keyword being "I". Try not to have a deluded sense of importance and think your short-sighted ramblings are anything more than that.
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Why would I lend money to random strangers without any guarantee to ever seeing it again?
Ask the people using Upstart, Mintos, Lending Club, EthLend (an inferior product), etc. No one is responsible for your mental block.
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And what if US reguators decide the whole thing as not eligible for approval?
Wild speculation about what could happen is all nice and good but it's wild speculation nonetheless.
"ooh, what if US regulators decide crypto is illegal tomorrow?!"
Quote
Given this, Elixir imho is currently the one of the most overprices coins on the market.
You're entitled to your opinion however demonstrably false it is. So if believing that nonsense makes you sleep well at night, go right ahead
Look like good project they have but how abput the compatitor which has been proven to be work very good like ethlend ?
Inaccurate.
Quote
Ethlend now already have many customer. Borrowers and lenders there. What makes this token different ?
Here you go.
Quote
And ethlend also work decentralised which no one controled it even the developer. All the transactions run on smart contract.
Uh, the devs do control the project, they're meant to and the same goes for Elixir.
Re: ANN: ELIXIR (ELIX) Crowdfunding, Lending and Payments Platform
waited for this chance for 3 months so sell at ATH.
I know many miners were waiting to mine batches today and cash out.
EXOR activity shows just how many people mined their batches in last few days:
https://ethplorer.io/address/0x898bf39cd67658bd63577fb00a2a3571daecbc53#pageSize=50
But obviously, they will dump at this price.
The activity of batches increased from 28 Dec so possibly insider trading as well.
I know many miners were waiting to mine batches today and cash out.
EXOR activity shows just how many people mined their batches in last few days:
https://ethplorer.io/address/0x898bf39cd67658bd63577fb00a2a3571daecbc53#pageSize=50
But obviously, they will dump at this price.
The activity of batches increased from 28 Dec so possibly insider trading as well.
You're not new to Elix and yet you suggest something so silly? Come on!
Everytime the price moves up there's an increased rate of batch mining, you should know this considering how long you've been with this.
New file to talk about this hidden gem !
Lending platform. Best project in the crypto market with a very low market cap. Still under the radarv
And you are sure that this is a precious stone, it seems to me that it is possible a long-term perspective but no more. You know why because the development of the code is 0, which means that it is not interesting for anyone yet.Lending platform. Best project in the crypto market with a very low market cap. Still under the radarv
Try doing some research before making claims like that. And don't project your interests or lack thereof onto others.
This project is definitely on my radar. However, there are a couple of critical questions their community has raised. In the initial stages, the team plans to create a marketplace, in which you can lend money to people you already know. But why should I want to do this? I can easily do this in real life and don't need an intermediary.
What do you do when you're in Tokyo and your buddy is in Madrid and desperately needs you to lend hin money right now? Can you lend to him said money without an intermediary and at worst, 30 cents fees in less than, at worst, 2 days? Do you, on top of interest, and your friend get rewarded with real money for using such intermediaries and/or real life aka face-to-face lending?
Quote
I only need an intermediary when I lend to someone who I don't know and therefore cannot assess whether I can trust the person or not.
Inaccurate.
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Secondly, people who take a loan will have to convert elix to USD and once they have to pay back their loan convert USD to elix. This not at all convenient, especially not to people who are crypto-illiterate. I hope the team can find some good arguments to overcome this perceived obstacle...
Indeed. You should read the AMA. There will be an inbuilt fiat <-> crypto exchange in the app.
For now 27 millions coins.. but might go to 50 millions. Still low anyway !
Yup. Check the theoretical final supplies here.
lixcoin or elixir i thinks its a good project, with a largest transaction on gaming online its have bright future in 2018..
Elixir, the real Elixir, has nothing to do with Lixcoin or gaming.
Finally, the smart contract demo is up!
Re: Overview of Bitcointalk Signature-Ad Campaigns [Last update: 13-Dec-2017]
What you think about campaign C ?
Rules very questionable, participants more than one billion with limited deposit to pay, and no any spread
Rules very questionable, participants more than one billion with limited deposit to pay, and no any spread
You're joking right? There's not even up to 1B users on BitcoinTalk.