This is a decent guide, but some points are wrong—for instance you can convert to USDC on regular coinbase just fine with no fees.
I successfully made around 90k on the various Trump and Biden markets on Polymarket and have been meaning to write up something about it. The free money is mostly gone, and I haven’t bothered to get the 4% returns over two months because I can get better returns for the same level of risk in DeFi (which I also want to write an article about. 20% close to risk free returns, or 40% slightly risky returns are both very high.)
I’m currently interested in the 100M vaccine market, please PM me if you want to spend some time modelling it with me. I spent a lot of time last week collecting relevant data and I have a pretty substantial position currently.
I wrote a little at the bottom of my post. IMO probably the main “catch” is that a lot of what you’re getting paid is in governance tokens that may not hold their value, and it’s expensive in gas to be constantly claiming and selling them as you receive them.
Yes, you need to deposit USD. If you don’t have USD, you should convert using a non-crypto service, and you’ll probably get lower costs, although I don’t have experience with that.
This is a decent guide, but some points are wrong—for instance you can convert to USDC on regular coinbase just fine with no fees.
I successfully made around 90k on the various Trump and Biden markets on Polymarket and have been meaning to write up something about it. The free money is mostly gone, and I haven’t bothered to get the 4% returns over two months because I can get better returns for the same level of risk in DeFi (which I also want to write an article about. 20% close to risk free returns, or 40% slightly risky returns are both very high.)
I’m currently interested in the 100M vaccine market, please PM me if you want to spend some time modelling it with me. I spent a lot of time last week collecting relevant data and I have a pretty substantial position currently.
20% over two months sounds extremely high to be close to risk free. I’d be very curious to hear more.
20% annually on USDC vault at harvest.finance.
I wrote a little at the bottom of my post. IMO probably the main “catch” is that a lot of what you’re getting paid is in governance tokens that may not hold their value, and it’s expensive in gas to be constantly claiming and selling them as you receive them.
Harvest automatically does this, so your only exposure is to farm, which seems likely to hold its value as long as money is locked up there.
And over 30% annually on FTX.com (or FTX.US for US residents) currently.
https://ftx.com/spot-margin/lending
I used gemini to purchase GUSD and used curve to convert to USDC, and also bought a bunch of USDC on coinbase directly.
Are you sure you can do it with no fees? I know you can do it if you deposit USD but I don’t think it’s possible with other currencies.
Yes, you need to deposit USD. If you don’t have USD, you should convert using a non-crypto service, and you’ll probably get lower costs, although I don’t have experience with that.