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Home/ Questions/Q 3548
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surrender_the_juice
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surrender_the_juice
Asked: December 8, 20212021-12-08T05:21:21+00:00 2021-12-08T05:21:21+00:00

Newbie question- where to LP with BTC only for best return?

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I’m new to the exciting world of Defi and the more I learn about it the more I realise there is to learn! Have a modest amount of BTC (less than 1) that I’d like to try earning a better yield with by providing liquidity rather than using one of the platforms which just loan it out on your behalf and pay around 5% interest. Also prefer to keep the BTC in my own wallet for obvious reasons. I’ve heard good things about toad.network and how it offers reward for proving LP in order to encourage adoption and it also allows me to deposit asymmettrically which is attractive because I don’t want to sell my BTC to get a second asset to pool (as on Uniswap)

I’m confused about the massively varying apy’s though and it seems like you have to constantly be monitoring and swapping pools to maximise your return? I will appreciate your advice and sentiments. Thank you!

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  1. almill66
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am
    • Bitcoin Pros & Cons – Participate in the r/CC Cointest to potentially win moons. Prize allocations: 1st – 300, 2nd – 150, 3rd – 75.

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  2. Zantti
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Your best bet if going the Defi route is to instead pick up some wrapped bitcoin (wBTC) on another blockchain and farm yield with that. Polygon, Avalanche, and Fantom have pretty cheap gas fees and a decent amount of dapps.

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  3. FuturePowerful
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Agreed. Best stay away from the low liquidity Dapps and do it on the main L1s

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  4. AncestralMano
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Padswap offers some really nice features!

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  5. GoldenSquirrel33
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    I do not see on toad.network where it is possible to stake your BTC without joining a liquidity pool which would involve sending your BTC as a BEP-20 token and risking impermanent loss.

    I only see the option to stake PAD/BTC LP tokens and earn PAD but I am not sure I would be willing to risk my BTC in a PAD/BTC Liquidity pool.

    Unfortunately there isn’t much out there paying more than 5 or 6% on BTC on it’s own. If you do find something, let us know!

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  6. Alisha Blake Begginer
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    I stack my toad on padswap

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  7. CryptOCD99
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    In the future pad will be backed at close to 100% by a basket of assets through transactions fees and farming fees.

    Therefore it would be a solid LP pair with btc if you are in it for the long run. The added benefit is you can compound pad in the single staking farm.

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  8. AutoModerator
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    You can get 8.4% on beefy finance though Fantom right now on WBTC

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  9. gianfranco battipaglia Begginer
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    PAD-BTC is a great play on Padswap right now with only 19 holders that have been farming since June this year up until now. https://bscscan.com/token/0x8db3e34f642aa4b404956557a681bc8973529356

    PAD you’re earning is backed by an ETF Vault which mean it will always have a rising floor. So you’re staking liquidity in a very good pair and earning a great reward going forward.

    Great question by the way.. Doing your own research is always crucial in this space!

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  10. Saroar Alam Begginer
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    There is no free lunch. Higher return means higher risks. LP can incur impertinent losses. Also beware of gas fees. Btc native network still can’t do defi. You need to convert to other networks, such as wbtc for eth

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  11. SpaceFaceMistake
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Sometimes there is free lunch. You just have to know where to look. 🙂

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  12. bitsconnected
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Better make sure you love whatever coin you pair with it. Your btc is going to turn into it on pumps, no farm token is going to keep up w btc.

    I don’t know of any coin or any apy that’s worth the IL on btc. Sorry man, i just wouldn’t risk my btc. Or anywhere remotely near bsc or any un-doxxed dapp.

    You get that you’ll earn the farm token right. So you’ll earn Pad on your btc/???? LP, but if btc goes back up to 55K and ??? doesn’t stay close to the % increase, to balance the pool, your btc will turn into ????. All for some Pad tokens which if i’m reading the swap right are basically worthless. 0.00000817269 BUSD per PAD.

    IF you want to risk your btc, stay away from bsc. Way too many horror stories. Not sure what deposit asymmetrically means, but i would personally not put my btc on bsc into an anonymous dapp to get rewarded a farm shit coin.

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  13. Saucy6
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Can anyone answer this?

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  14. AncestralMano
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am
    • Bitcoin Pros & Cons – Participate in the r/CC Cointest to potentially win moons. Prize allocations: 1st – 300, 2nd – 150, 3rd – 75.

    • Sort comments as controversial first by clicking here. Doesn’t work on mobile.


    I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

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  15. Ebrahem Sayeed
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Your best bet if going the Defi route is to instead pick up some wrapped bitcoin (wBTC) on another blockchain and farm yield with that. Polygon, Avalanche, and Fantom have pretty cheap gas fees and a decent amount of dapps.

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  16. mjrice
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Agreed. Best stay away from the low liquidity Dapps and do it on the main L1s

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  17. ACShreds
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Padswap offers some really nice features!

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  18. hometraineddentist1
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    I do not see on toad.network where it is possible to stake your BTC without joining a liquidity pool which would involve sending your BTC as a BEP-20 token and risking impermanent loss.

    I only see the option to stake PAD/BTC LP tokens and earn PAD but I am not sure I would be willing to risk my BTC in a PAD/BTC Liquidity pool.

    Unfortunately there isn’t much out there paying more than 5 or 6% on BTC on it’s own. If you do find something, let us know!

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  19. Dull-Adhesiveness666
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    I stack my toad on padswap

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  20. ExMachima
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    In the future pad will be backed at close to 100% by a basket of assets through transactions fees and farming fees.

    Therefore it would be a solid LP pair with btc if you are in it for the long run. The added benefit is you can compound pad in the single staking farm.

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  21. Nahashon Muriithi Begginer
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    You can get 8.4% on beefy finance though Fantom right now on WBTC

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  22. kajunkennyg
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    PAD-BTC is a great play on Padswap right now with only 19 holders that have been farming since June this year up until now. https://bscscan.com/token/0x8db3e34f642aa4b404956557a681bc8973529356

    PAD you’re earning is backed by an ETF Vault which mean it will always have a rising floor. So you’re staking liquidity in a very good pair and earning a great reward going forward.

    Great question by the way.. Doing your own research is always crucial in this space!

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  23. Raykensi
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    There is no free lunch. Higher return means higher risks. LP can incur impertinent losses. Also beware of gas fees. Btc native network still can’t do defi. You need to convert to other networks, such as wbtc for eth

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  24. Guciguciguciguci
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Sometimes there is free lunch. You just have to know where to look. 🙂

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  25. Baby Giant
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Better make sure you love whatever coin you pair with it. Your btc is going to turn into it on pumps, no farm token is going to keep up w btc.

    I don’t know of any coin or any apy that’s worth the IL on btc. Sorry man, i just wouldn’t risk my btc. Or anywhere remotely near bsc or any un-doxxed dapp.

    You get that you’ll earn the farm token right. So you’ll earn Pad on your btc/???? LP, but if btc goes back up to 55K and ??? doesn’t stay close to the % increase, to balance the pool, your btc will turn into ????. All for some Pad tokens which if i’m reading the swap right are basically worthless. 0.00000817269 BUSD per PAD.

    IF you want to risk your btc, stay away from bsc. Way too many horror stories. Not sure what deposit asymmetrically means, but i would personally not put my btc on bsc into an anonymous dapp to get rewarded a farm shit coin.

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  26. Spear-of-Stars
    2021-12-10T11:08:41+00:00Added an answer on December 10, 2021 at 11:08 am

    Can anyone answer this?

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