3 DeFi Yield Hacks for Best APY% - Cyrus Fazel (SwissBorg) - TOKEN2049 London

some made me know me my name is cyrus fazil and what's your name alex my name is alex and we are the blockchain don't worry it's not shark tank today okay all right guys so today we're going to talk about the three d5 yield hacks for best apy non-ethereum obviously because the guay price is insane these days who here does some yield farming all right we have maybe 60 to 70 percent of people and hopefully you guys will learn a few tricks here if you don't then please enjoy still um so yeah mainly we're gonna talk about subprime who remembers what was subprime raise your hand okay so subprime was a big big mess that happened in 2007 we'll talk about that then dig dive into church 5 d5 d5 hacks another d5 hacks risk mitigation because we are an extremely risky business and we should be aware of it and then eventually talk about some cool [ __ ] were happening with swissport so what essentially is what what was the subprime crisis and where did it come from always the same thing right we we usually have a dream that we want to build and then the dream gets a bit too high and we get too much exposure to to bringing investments and get greed and long story short how did it came it came from people that wanted by potentially houses these houses were under collaterized when they were buying it then purchasing more houses or more apartments then that what they had mortgage backed securities that started to peg these different credit risks that had and these mortgage-backed securities became credit default swaps and then these credit default stocks were packaged again into something again more under correlation which was cdos and eventually well the person that wasn't able to pay you know started to do that cascade and you saw the whole financial market fell down more than 50 or 60 percent probably the biggest crisis for the last 30 or 25 years or so and the question does anyone believe that defy has the same risk or not raise your hand okay a few people that's cool and i think one thing to mention here is obviously in d5 when you guys are farming you have multiple layers which kind of resembles this specific picture but the cool thing is the liquidity isn't it the fact that you have your liquidity you can move it around and it's something that is not often explained in d5 but that's having that flexibility is something very really innovative right for them exactly nice space all right you want to do trade fi go for it so you guys know we have traditional financed tradfy we have defy as well and the way we kind of define this is trad fi is basically lending and borrowing what happens for those who don't know most of you may know this already but you're basically you have someone lending you have someone borrowing and it tends to be the market makers it tends to be arbitrage trading or derivatives trading where people use that and they pay back to the intermediate person in between both companies right so this is how the traditional system works it works also in crypto with lending and borrowing but when it comes to d5 as you guys can see here there are different different classes here we have proof of stake for instance which you guys know you can be a proof of stake validator you can be a delegator as well but on top of that we have yielding and farming and then something that was talked about yesterday by dan reese or the cmo akala network which is crowd loans which is a fascinating phenomenon that should be coming very very soon we're going to focus specifically on defy here today and look at these different groups and i think so what is very important is that you know very often we say that we want to have a high yield right and i want to go with you know celsius or nexo guys hey nexo guys hey nexo okay they don't want to answer but anyways there you know you have to realize hey talking about you guys how's it doing um you know what what isn't very important is that you have to understand that you're not chasing only yields you're chasing risk whatever the platform is right if it's a centralized platform during trade fly or if it's a decentralized platform a lot of people say like hey man but you know on that platform i could earn like 100 percent and then on your platform you may be only eight percent or that platform well there's been forever always the risk and the return and you have to really look at the risk and obviously you're taking a bigger risk most probably you'll have a better return so it's very important for that well said well said so here's defy hack number one who here uses the terra chain or has the terra wallet only one two three four okay so this is going to be very useful then so what if i tell you guys that through terra and through ust since march 2021 you would have had a median average of between 19.2 percent all the way to 19.8 percent on your stable coins in u.s dollar so how do we do this guys so the good thing about this is actually lending through terra is pretty easy you download the wallet so you have here you can see here in the first step terra station of course you need your metamask because here we're going to have to go through a bridge so for those who have a metamask all you need to do is actually add the binance smart chain we're not using ethereum because of the gas fees and through the binance smart chain once you've added that you just need to send bmb and usdt on your binance smart chat and connect to pancake swap what happens when you go to pancake swap is you're actually going to switch your usdt into ust and you have the logo up there with the american flag on it right that's step number three step number four once you have your ust on the binance smart chain through your metamask account then you're going to use the terra bridge and the bridge is allowing us to go through different blockchains right sending your assets to another blockchain so we're going from the binance blockchain all the way to terra bridge but terra bridge is not going to go to your metamask wallet it's going to go back into the wallet that you downloaded previously and then with this ust you go to anchor protocol and you simply tap earn you load your ust you tap earn and that's all you need to do and you have a really really good dashboard that shows you all the statistics that you need to need and it's super clean i know it sounds very long in terms of processes and procedures but it's definitely one of the more legitimate platforms by the way we're not sponsored and we don't even know the team we just love what they're doing in terms of technology and maybe last thing if you if you lose your private keys here you're [ __ ] just to make this clear okay so if you do it please be responsible and make the right decision by trusting your inner guts and watching a lot of maybe document documenting yourself right we grew up in france so we're allowed to use the f-word guys okay exactly and the second thing for you guys if you're a little bit overwhelmed you think oh my god that sounds like a freaking disaster having to go through all these hoops in order to do some yielding on my stable coin there are easier solutions who here received an airdrop from dydx this year that's sad you all missed it out guys one billion dollars was airdropped as of today more than one billion dollars was airdrop that's a lot of money if you think that the lending was complicated then this is also telling oh how about what you need swap anyone got some uni the 400 uni for just trading on the platform so this is for those who think oh the lending sounds like a disaster by the way farming is even more complicated but look at this guys look at the rewards you can see here people are making amazing amount of money for just contributing to an ecosystem so if you think there's a decentralized platform and you feel like they're backed by the right people and it has great potential just go and use it as a better user go and try it out contribute to the actual ecosystem and you don't have to don't you don't even have to do farming right because people who use this multiple times you can see they made a lot a lot of money a hundred thousand dollars like for just testing a platform and then of course if you guys want to add your usdt the dydx has liquidity pools that are quite good these days and pretty easy relative to lending and farming cyrus yeah so long story short if you feel that this is a bit too techy or too afraid well what do we do at swissport right we always try to remove that very difficult or that very unsecure way to to drive your wealth into something that you do within few clicks so we really now have to think about against subprime crisis right and i don't believe d5 is the subprime crisis 2.0 i do believe that there's a lot of awkward things going in d5 but the thing is that as we're over collaterized and more important that the underlines could be triggered and sold on the market at any time we've seen in the last two months when we had a drop that a lot of their protocols were actually able to sell those ether and did not collapse and on being over collateralized in most cases it doesn't will not bring down i believe the the whole system right even if for even if you think about it die has a you know a big risk right is a collateralized usd but under that there's a lot of ether there's bat there's a lot of different tokens that can enable diet to exist and if one they were not able to sell those on the markets well dai could lose the pig but i'm still a hardcore believer in define and i don't think so this is going to happen so how do we look at essentially risk at swissport we have it put together a strategy optimizer that really looks how to bring um the different risks into perspective and then provide a score where we feel or don't feel comfortable uh for actually implementing uh these different d5 products so there's lending platforms they're decentralized as well exchanges these are really the two main things that we look at as of today and has some stable coins as well and one of the big risks that we look all is that on the technical aspect is the smart contract right the oracles making sure that the connections between that that that wallet and that vault and the market feed is going well we look at liquidity risk as well we've just talked about dye earlier and other ones stable coin risk for the new difference as you guys seen a lot of different great projects have been launched their own stable coins on decentralized platforms such as for example memo capital if you ever heard about it um we look as we'll have to make sure that in these liquidity pools we're not too big compare the others and last but not least you know transaction cost is always well quite a risk we know layer two now is changing it's getting better we know with minus smart chain we talked about yesterday with terra and and a lot of different new cool ways to get into d5 and at a much cheaper costs and i think this is just to give you guys an idea of it's really important to for you to evaluate the risk and always think risk return in terms of what is the best risk reward ratio i can get right it's not really telling you what is the scoring system at swiss bar which by the way the d5 team not a single d5 employee cannot code at swiss pork they have to be able to go over github smart contracts i mean it's it's quite intense work but just having a framework to help you make a decision and realize that even compound even ave you guys saw what happened with compound recently but even ave they're not risk-free it's just to keep that in mind there's no never free lunch if you're yielding that means you're giving value to something that means you're taking a risk a lot of people always have the idea of saying like oh i don't want to deposit my gbp or my usd at a bank i'll just do it on a platform and yield 5 and that's great and i think so we should all think about it but i'm not sure if your grandmothers should be doing that all the time maybe some yes but it's not the same risk that going in a triple a bank and letting you know you know your gbp go at you know zero one percent that that's something people have to consider again so when talking about risk guys and of course there's composability there are many like layers in d5 where it's very hard to really measure the risk in a scoring system and this is of course not perfect but for those who are starting gives a bit of an overview on how your risk should be on the g5 ecosystem and you guys can see here at the at the bottom corner you can see very low risk proof of stake so the reason why we classify proof of stake as very low risk is because the main risk is a black swan event where the actual protocol would have a hack and which would lead to the token going to zero so whether you're validating a node whether you're delegating to somebody if the token goes to zero whether you're staking or not it would still go to zero so proof of stake for us is qualified as the lowest risk when you want to earn yield and there are great yields from five percent all the way to fourteen percent but what is the next level sigh of risk well essentially the platforms that have been here forever i think so the guys who believed in d5 in 2016 and that have been really the you know the four commerce here ave with ethglen has been in this business since live with the platform since 2017 right there's been multiple audits but more than that they really create the standard daniel's camp on maker dao as well again these are like the old school guys that deserve maybe not a aaa credit credit score but something that is you know where you're very confident about it exactly and you if you guys can see what is the difference between medium and high risk up there so medium risk you guys can see here it's mostly liquidity pools it's mostly lending but if you go to high risk here there's leverage and also there are multiple layers of collateral right you don't have just one layer you have two layers three layers some people do some crazy stuff with lp tokens and the more you go up in terms of layering the more risk you're obviously taking because you're using more and more platforms so here is really lending d5 lending and here would be yield farming with multiple layers and multiple tokens in the aspect so psy what do you got next what's the solution exactly what is the solution the pitch moment guys download the app by the way who has the swissborg app raise your hand okay that's like thank you so much for the love the 230 should download it check it out we are probably one of the coolest app so why do people use trisborg well first for our dna i think so democratizing crypto wealth management is super cool but as well the fact that our business is a one-click stop shop right you could see here that quickly on this video that's gonna show right now or it's not it's not okay cool so how do you get into d5 or how do you get into buying your best crypto right we we have put together a smart engine that always buys tokens at the best price so here for example in this case i had 10 000 usdc and i wanted to yield with bnb right because bnb right now we're getting a great yield on it so what happened this is a real trade that happened two weeks ago a week ago the 10 000 usdc was sent on kraken to buy usdt then the usdt bought some bnb with uh usdt but it bought us well then with um i can't see it from here but that is hit btc and finally at the end we got the biggest amounts of bnb 23.

49 and i think so on the other side what is really good is that rather you do this whole complex and risky system of going into define and if you have the guts and you have the time and the knowledge please do it or if not well just go on our platform click on that one button and you we will probably always give you the best risk return yield more importantly if you are a premium user within our community and i think that's really important sadly the video doesn't load but there's actually video to show you guys but within three taps giving access to the best risk return yields on d5 is quite a cool thing right yeah they're cooler things aren't there well there's cooler things i think yeah three days ago we had an ama live here in london and uh i think so that was really the coolest i talked about maybe your grandmother shouldn't be yodling as we say at swissborg uh because we're from switzerland we like yadle not that much but we think it was funny um we got a guy in the crowd he was 82 years old and the guy was actually 82 years old guys listen very very carefully 82 years old the guy registered with our app obviously through his son that's a bit younger and is now doing yield farming thanks to swiss bar with a few clicks and i think so that's what really connects at the end is making sure that we're using the blockchain because a lot of people think that huddle is cool huddle's the first step to get into crypto if you don't use it it's just pointless it's speculation only you really have to understand that technology will only grow we only arrive to mass adoption is like if there's freaking cool games with nfts if there's d5 happening if you're just giving this to a platform that is essentially just giving it to a broker for paying a margin well it's great you're doing sales trading that was invented 50 years ago but you're after if you're doing this on a platform and bringing it to actually make use of these vaults these smart contracts with you know the oracles that are scanned by chain lake and that are sent to avi then you're actually changing the world and making it a better place and i think you know this is the critical part guys because you know d5 c5 there's some battles back and forth but we really need to work all together because thanks to such an easy ux you go from your bank account directly contributing to g5 liquidity pools and by the way guys as of 2021 swissborg was a top five largest d5 contributor in terms of tvl so the c5 is not so bad in terms of the experience but it's the it's experience of these people 78 80 82 years old that they come down to our meetups and they actually say listen i've already succeeded in my life i've made my money i'm retired i'm happy i own a house in northern england but what makes me even happier is that i can contribute to the future of finance and that's why we believe that we're all one community and as we're one family we are swiss thank you excellent hey hey guys hey anthony and alex hold on no you're not getting off that easy hey buddy you're not getting off that easy we got some q a we're going out on a high you boys are not going to just leave and walk off you guys okay i've got some questions about this guys um i like the way that you evaluate risk and i think you're thinking about it in in the right way um on your smart up optimizer it's obviously constantly scanning all the things that you looked at yield pools counterparty risk um different protocols is that done in an automated basis and is it constant or is it done manual on a daily weekly monthly maybe give us some color on how that optimizer actually works yeah that's a great question thanks for the shane uh it's actually a hybrid model as we speak we're going to do it fully automated going forward so what's the step it's always to create your investment universe the investment universe is looking at all the different projects that you believe for that we essentially we do a credit score for all these different projects and a content evaluation of these projects because it changes all the time as you guys know and then what the our smart engine what it does on the defy side it scans all these different yields and on daily basis it recalibrates all the positions by sending all of those different funds usdc bnb ether chsb and others into these different decentralized liquidity pools providing you the best risk return um and i think shane if i can add to that you know one cool thing about c5 lending for instance right is they can keep really fixed rates right as long as there's demand on both sides it's very like flat um for us it's like we have when d5 goes down and rates go down we lose our rates unfortunately there is the negative side of being a part of the d5 contributors but on the opposite side we've had 40 on bmb for the past four or five days so we really catch the upside and we share in real time whatever we can with the community and it's always transparent and it's all the strategies are remade every single day through the algorithms so what type of conversion have you currently got from your existing user base which initially maybe came on your platform to buy crypto or maybe move some of their crypto onto your platform because of your service um that are actually activated in the smart yield yeah and and how and how will you continue to grow that business segment so we have half a million users but only 300 000 active users and there's now over 150 000 users that actually have deployed capital into to essentially d5 through the smart yield and that's roughly like a billion dollars a little bit more a little bit more than a billion dollars uh that's pledged in those different cryptos yeah assets right and and uh maybe i'll open up the floor to some questions as well if you have a question please put up your hand okay sir excellent jason great presentation by the way loved autochain thank you hey guys great presentation thanks um can you talk to us about enterprise treasury management and risk management any features that you guys have that speaks to that use case so just making sure enterprise like for corporate accounts or for our own corporate accounts so we're definitely really focused mainly on retail but it's been now like nine months that all the big guys banks and other private banks especially mainly private banks by the way sorry that want to use our yield essentially so we're launching by the way next week the euro yield that's gonna be one of the probably the big product that we're i think so we're gonna have a lot of success um we haven't really targeted yet we created a structured product for for uh for institutional uh we we haven't launched it yet we're going to probably do it soon um but then again what has to be clear is that you know especially for institutionals we're not going to go for the high rates probably we're going to have to go for the very secure ones and provide like you know a single digit in euro or single digit and usd because you don't want to go too crazy with a big amount of capital and i think you know the reason why we decided retail is we're an ico so believe it or not there are still myceos that are still alive as of today which is cool very few very good we are in the game but you know getting funded by the community uh we never did an equity round so we're just living off the ico we're a profitable company and we really feel that because we've never had a vc round we never sold equity we're really trying our best to make the token the future of finance really changing the paradigm of why do we have to go through lawyers to create documentation why couldn't we trust each other based on meeting each other here going out for a beer and then seeing that we have a viable business and that's the ultimate dream at swiss borg because we're really community-backed we're community driven and and for those reasons community-centric yeah i think when we saw index co-op talk earlier on they were really driving the community side and actually they have a lot of governance within their structure which are allowing the community to pick um at swissborg i know that you're now listing quite a lot of tokens on your platform which look really great um how involved are the community in proposing new tokens and how does it work with regards to what tokens you potentially will pick in in the future yeah we always try to listen the most like um so who's a believer of dodge coin raise your hand no that's dodge dodge yeah whoa i'm not over here i don't know i i like i like the boring company philosophy which is that you could show to anyone in the world that you can name whatever you want and make fun of it and then make it really big then i see that technologically it doesn't have any value yet so i used to have a shitload of dodge i thought it was funny and i sold it long time ago unfortunately i didn't know that ln was going to go crazy on it and um but our community recently okay so we we said to dodge or not dodge most of our communities like on twitter said you know five three thousand people say like nah no dodge and then the dodge community saw us on twitter and retweeted our our our thing and this one the most viral twitter that's what broke down twitter oh no twitter didn't broke out sorry it's facebook and what's up it's the most viral twit we ever had at swissport and now we have like 5000 people that was added on our twitter within that tweet so at the end you're like wait well that actually could bring a huge community in swissport so it's very hard i'm not you know i love the idea i love the concept if the technology changes and there's new ways to bring yield into dodge and do a lot of different things yeah maybe it could be a real cool joke that became the future of money on mars or whatever it is but talking about the power of the community shannon as well like so the very first decentralized voting system this is crazy guys by the way so we raised 50 million the community votes we had 24 000 votes on chain uh on two different referendums because we're based in switzerland we like to follow the democratic model in switzerland we should not talk about referendums here it's not a good and uh so my brother and i we voted we had just one vote just like all the other contributors and we voted for a desktop version and the community outvoted us for a mobile version yeah and believe it or not the community made the right decision we had the wrong decision and i guess that shows just how cool decentralized governance is because nowadays all the big fours are saying the future is mobile they said banking is mobile investing will become mobile so yeah thank you for all the community guys who support us um and what about uh the 50 million swiss francs that you raised over the ico um and actually cyrus and i were together that night yeah you were speaking in london and we had gone out to celebrate that um how has the interest been from traditional institutions especially now that you're regulated you have a 450 000 users uh you're very much based within the d5 in crypto space uh what's been the interest from institutions which are looking to take a position equity token or look to have some type of m a in the space i mean how do you guys feel like that are you looking at ever potentially selling out or is the mission to keep on going ahead and build this the biggest the best i'd really like to know how you think about that because you're straight i mean i think so the hope of you know any deo and and i was talking to marty i don't know if he's here or not but anyway the the founder of gnosis is that you have a mission us is the democratized crypto wealth management by making fun fair and community centric and regardless whatever you have as products or features you still have to connect to your you know your inner soul and your your your essentially your your your white paper we don't want to be acquired i mean if you always here for the money or alex where for the money we would have gone already we you know i think so we did our money but i think so the really cool thing is how community members could get involved and change and bring us to the next chapter right and i think so a lot of people quite try to acquire us or you know give us throw us money but you know if it's not in the benefit of the community we'll never do anything like that i think so and um and yeah keep it real as we say can't stop won't stop until we reach that we have a question over here about this gentleman let me just get over to you man you're making me work hard well when i signed up for this i thought i was doing one panel a discussion i didn't realize it was two days of uh me walking around with a mic but uh good to see you sir hello um i'm i'm a big fan of you guys um mainly because like i think when you guys came about you were like some of the youngest innovators in the space and you really sort of took what was already there and ran with it um so this like this might come across to you guys i know you were just speaking about like adding dough like yielding doge that might not go down well with the boomers and the people who really care about the technology i understand like the dangers of the dangers of doge but when it comes to like onboarding young users like the zoomers especially like the kids doge is like that's a that is how you get out to them because that is the culture yeah like more people know what doge is and they know what bitcoin is because that's a meme um so like whilst i know there are some dangers of like daint like investing in doge there's no real fundamentals there potentially adding doge as a yield it might be a great way to like teach young kids about you know fiscal responsibility and introduce them to like yielding because it will start off as a meme at the start but then once you sort of get them into the ecosystem yeah they're there and they're gonna stick around with you guys because the other guys won't do it you guys yeah i think so that's a very good point i mean the the fact is you know we want to bring more and more fun into you know the swiss bar ecosystem because if it's not fun people will be bored to be honest and if they're bored they're not going to be interested and you never arrive to mass adoption so there's been these nfts that you know we talked the last three years still haven't implemented really i mean we still have this great partnership with engine but how to bring more fun into what we're doing and the videos we're doing the contents the crypto challenge app and you know what things we're doing the deo which is really freaking cool and yeah hopefully um maybe dodge or not to dodge but it looks like it's gonna happen i think so i like that any more questions from the audience all right let's do it good to see you how are you hello guys thank you for coming and yeah i love your app too and i like how you kind of connect d5 to people who don't want to interact with the protocols don't want to have to worry about like various things within within d5 um but what i want to ask is how so you guys let's say for bitcoin i have some bitcoin i want to deposit bitcoin to only yield on it right and you have multiple strategies underlying whether it's on curve or different protocols how do you internally risk adjust these strategies depending on like the smart contract risk and how do you look at that to make sure the protocols that run underneath are safe for people to use and that they won't go down so long story short i shouldn't be saying this because it's time to like oh sorry you see you reveal a lot of things and then you know you're going to be doing that essentially so we're going to give you the choice and the power to to control the future of your wealth so you're going to be taking that risk and we're going to try to explain in the best way what yield you want but that again has a risk you know the spin like that will always be the same thing you could fly down to geneva with a plane and you know be very fast so you could walk down to geneva it would be a different risk and this in different return right so that's pretty much it but we are always here to make sure that what we back what we bring as technology is the best technology right and making sure that you know might have some time that you're doing a wrong investment but we hopefully will train you to become a wealthier and a better person for that any more questions well i think what we should do is find out how everybody can connect with swissborg uh what are the channels uh how can they download the app and uh stay engaged with you how how can they do that cyrus go on swissboard.com android or ios talk to our team lovely people uh follow us on twitter like the regular [ __ ] and uh tuesday wednesday wednesday there's kryptonite and tuesday they are uh this pow-wow on youtube and actually patsy over there you could scanner her you know that's where the cyber goes you could scan her her tattoo and she could download the app directly there well listen that was just an awesome way to end day two and stage two thank you so much thanks for the brothers are crypto big up to swissborg and that is a wrap thank you thank you thank you all done