I am so moved by all the supports you guys have shown me over the past few weeks! If you like to support me, please think about supporting me on Patreon: patreon.com/degendefi , not only will you be helping me out, but you'll get exclusive Discord whale alert channel access! 🙏 WAGMI
Thank you so much for making this!! I didn't know anything about dfk two hours ago but I watched your video and got elf's help to get going with my own character and planted some seeds/deposited into the bank. I am strongly considering saving up to purchase a hero for quests! Such an amazing project, I look forward to see where it goes... and I wouldn't have bothered to look into it without this video. Thanks again, Damus!
This is the exact explanation I was looking for. You must be killing it now. Thank you much for the explanation and thanks to your discord friend as well for schooling you.
Thank you very much for your clear explanation. Appreciated so much for your time and effort on the video content. Hope to receive update video on defikingdom.
I dont get the APR part, on google it says it is the percentage you pay for borrowing money but then if they are so high like 800%, how do you profit? Im very new to this sorry 😅
Dude. Dude. The risk u are underwriting. When u buy lps for jewel-one u are betting that the correlation between jewel and one stays above 0.5-0.7 to protect u from jewel rising as one falls and vice versa AND u are betting that jewels market beta to its index, one, stays below 2 so u don’t get killed if jewel starts to rip in either direction. AND ur yield is in jewel which will provide a buffer if jewel rips up against one but will doubly screw u if jewel falls against one. I don’t even think it’s possible to hedge this even with the most sophisticated financial instruments In traditional finance. If u are so bullish on jewel just buy jewel and stake it. U will make plenty just buying and staking if jewel rly does succeed. Why screw urself over against jewel doing very well by complicating the trade instead of just taking it simple and staking jewel?
You are absolutely correct, it's a calculated risk that I'm willing to accept. Btw you question has been answered on an upcoming comment response video :)
What disturbs me is, that the overall economics of the game in US$ seem to be hidden and arbitrary to me. E.g. if you go fishing and get a fish worth 11 cents, the programmers determine these item prices, it's intransparent to me, if that price is a rip off or a fair/decent price or even which rules the (ever changing?) pricing follows. Ain't there the possibility, that the creators fill their pockets and feed the players off with breadcrumbs?
I like the concept, but there doesn't really seem to be any actual gameplay. I don't think something is really sustainable for the longterm unless the game is actually fun to play.
Yeah I had the same concern, but looking at the roadmap for Defikingdoms (since I also had this question), I have a lot of hope. They seem like they're trying it into an actual RPG, seems promising. I bought a hero and I'm playing around with it.
@@RanarrDealer it's not about them trying to make it a real rpg ect...let's say they do it and it's the perfect...2d....retro.... rpg... that MOST people wouldn't just play if there wasn't a play to earn attachment to it... we need a full massive unreal engine 5 game like ilv ect.. to come out and succeed. A game that people would play even if they didn't earn anything playing it imo. Gonna be hard once those type of games start dropping and the 2d , side scrolling, axie type games will fall
I am so moved by all the supports you guys have shown me over the past few weeks! If you like to support me, please think about supporting me on Patreon: patreon.com/degendefi , not only will you be helping me out, but you'll get exclusive Discord whale alert channel access! 🙏 WAGMI
Just saying!
Thank you so much for making this!! I didn't know anything about dfk two hours ago but I watched your video and got elf's help to get going with my own character and planted some seeds/deposited into the bank. I am strongly considering saving up to purchase a hero for quests! Such an amazing project, I look forward to see where it goes... and I wouldn't have bothered to look into it without this video. Thanks again, Damus!
Bro you just put me on ….thank you so very much !!!! This is GOLD
This is the exact explanation I was looking for. You must be killing it now. Thank you much for the explanation and thanks to your discord friend as well for schooling you.
Thank you. This was a very helpful guide and you explained things clearly (most people skim over the details). Subbed!
Thanks man! Really needed this, got my one tokens but didn't really knew how to properly start!
Hello i saw your Community Post and started watching this now
Thank you very much for your clear explanation. Appreciated so much for your time and effort on the video content. Hope to receive update video on defikingdom.
Great tutorial - thank you!
At the end, did you mean that you’re hero can work non-stop based on the hero’s stamina? Do you need the game running?
Another Great Video Man. Thanks for posting
Can you please tell what happens when everyone sells their jewel on July 2022? wouldn’t the jewel token crash?
Thanks for this! Am I too late?
do you get LP tokens from your supplied LP? And can you stake that in a yield agregator, like beefy?
Thank you
Thanks for the video... Very helpful
Hello! How do tou get the anime face on the screen recording? Nice video thanks to you I got my first Hero!
Is it to high now to get in ?
I dont get the APR part, on google it says it is the percentage you pay for borrowing money but then if they are so high like 800%, how do you profit? Im very new to this sorry 😅
If I’m just starting how to I get jewel? Can I buy it with one?
Dude. Dude. The risk u are underwriting. When u buy lps for jewel-one u are betting that the correlation between jewel and one stays above 0.5-0.7 to protect u from jewel rising as one falls and vice versa AND u are betting that jewels market beta to its index, one, stays below 2 so u don’t get killed if jewel starts to rip in either direction. AND ur yield is in jewel which will provide a buffer if jewel rips up against one but will doubly screw u if jewel falls against one. I don’t even think it’s possible to hedge this even with the most sophisticated financial instruments In traditional finance. If u are so bullish on jewel just buy jewel and stake it. U will make plenty just buying and staking if jewel rly does succeed. Why screw urself over against jewel doing very well by complicating the trade instead of just taking it simple and staking jewel?
You are absolutely correct, it's a calculated risk that I'm willing to accept. Btw you question has been answered on an upcoming comment response video :)
why doesnt it let me play?keeps restarting
Do you still play this?
How is the APR/APY compared to Wonderland? Better or worse?
Haha 🤣🤣
They aren’t comparable projects Wonderland isn’t a game
Can you help me currently I have 57 Jewels I am trying to split it into UST however , my transaction have been pending for two days now.
Harmony network is down right now, have to wait for it to go back up
@@DegenDefi thank when did it went down I have been trying almost two days now.
What disturbs me is, that the overall economics of the game in US$ seem to be hidden and arbitrary to me.
E.g. if you go fishing and get a fish worth 11 cents, the programmers determine these item prices, it's intransparent to me, if that price is a rip off or a fair/decent price or even which rules the (ever changing?) pricing follows.
Ain't there the possibility, that the creators fill their pockets and feed the players off with breadcrumbs?
currently if you buy into a hero and just do the quests the time it takes to breakeven seems astronomical? am I missing something?
Not missing anything, and you are correct. Btw you question has been answered on an upcoming comment response video :)
@@DegenDefi ah nice thanks, I'll check it out!
Can you look into ice dao?
Will look into it.
Thanks
I like the concept, but there doesn't really seem to be any actual gameplay. I don't think something is really sustainable for the longterm unless the game is actually fun to play.
This 10000% I don't think we are going to see a super crazy take off on a play to earn until the first successful one on unreal engine 5.
We need good FUN game play... not games that people wouldn't be sucked into if there wasn't any crypto earnings happening
Yeah I had the same concern, but looking at the roadmap for Defikingdoms (since I also had this question), I have a lot of hope. They seem like they're trying it into an actual RPG, seems promising. I bought a hero and I'm playing around with it.
Also if you check out Gala games, I think they have a lot of potential for that reason
@@RanarrDealer it's not about them trying to make it a real rpg ect...let's say they do it and it's the perfect...2d....retro.... rpg... that MOST people wouldn't just play if there wasn't a play to earn attachment to it... we need a full massive unreal engine 5 game like ilv ect.. to come out and succeed. A game that people would play even if they didn't earn anything playing it imo. Gonna be hard once those type of games start dropping and the 2d , side scrolling, axie type games will fall
How to avoid the crazy fee from the trader ? I wanted to swap 1000BUSD to JEWEL and the swap fee is 11% ??
Just do Harmony One to Jewel swap fee for me was 0.30%