Wingriders DEX Live With Stablecoins on Cardano!

[@CardanoWithPaul]

👆 Don't forget to hit like and share if you think it will help others 👆 🔴 You can also support the channel by staking in to the Cardano Stake pool PAUL1, Thank you 🔴 ⏲ Timestamps ⏲ 0:00 Wingriders dex is live 1:01 Stablecoins live on Cardano 2:31 Milkomeda bridge to bring assets to Cardano 4:06 Swaping ADA to USDC on Wingriders 8:05 Yield farming on Wingriders 13:35 Adding Liquidity to Wing riders Dex 15:23 Adding Yield Farm position 16:32 ADA staking while providing liquidity

[@mbeattie77]

This DEX is a game changer. If I could get my WMT vault rewards on top of my ADA rewards and yield farming rewards that would be absolutely awesome.

[@CardanoWithPaul]

Ya that would be nice but in the current setup once they go into the dex as liquidity the vault can't track and you forfeit vault rewards

[@TitlePending]

Interesting, the Extra Ada rewards. That's cool, but what about impermanent loss?

[@CardanoWithPaul]

Usual risk of impermanent loss here as well

[@thatmumwiththehair7438]

Some great information about the wingriders project on cardano here, keep it up 👌🏽

[@tryxlr8m8]

Paul, thanks for answering my question, really appreciate that, so good to see your videos evolving with Cardano as these new projects come online ur getting in early and explaining everything so well! Coming from an experienced multi chain farmer here and content creator, brilliant work! Thank you! 🙏

[@CardanoWithPaul]

Thanks Tim I appreciate that

[@hanswurst9700]

@@CardanoWithPaul What do you think of Kick Launchpad, should you buy?

[@personalextension]

Thank you for the many valuable updates. Cardano is growing fast. You're a great teacher.

[@Sadjedi123]

thank you, Paul. Very helpful

[@grandadcrypto]

really great video. the staking pool capability got my attention. Wasn’t even considering yield farming at all but with the stating pool that changes things.

[@benlong1062]

Great video. Thanks for showing and explaining all the different steps.

[@kianfarahani13]

So excited about stablecoins on Cardano!

[@marcusjayallen]

love the look of this dex.

[@shoalinbob2878]

Great vid and explanation on wingriders.

[@grandadcrypto]

thanks paul

[@martinal54321]

great to see the vids are still going strong Paul!

[@CardanoWithPaul]

Thanks Philip

[@Myuri123]

Cardano Ada wingrider nice! #algorythm

[@shahidhamid962]

Thanks Paul as always.

[@Theferg1]

Let’s ride wing riders!!💯👍

[@soterisioannou6101]

The 1000 ada to be eligible for the bonus, is it for both tokens in the farm? Or 1000 of Ada plus 1000 ada worth of the other token?

[@cloudsmoke9672]

That’s also my question

[@danielc4905]

Paul The Legend 🙌

[@chrisp6094]

Ayeeeee stable coins!!!

[@grandadcrypto]

Wonder how that will work with WMT nodes. Think we will be able to stake the WMT. ie do a ADA/WMT yield farming and be able to stake both.

[@CardanoWithPaul]

Not sure yet. Would be a nice feature but will have to wait and see what WMT staking looks like when it launches

[@john1425]

I don't know if anyone noticed but the stable coins aren't pegged, they are trading at a premium. WR says its caused by a private bridge and they will hopefully fix it next week. I'm waiting until the stable coin price normalizes to invest.

[@CardanoWithPaul]

Ya thats what I talk about in the video as well with the peg being off as it is just in a normal liquidity pool and without people being able to bridge in new stables to balance the pool it wont stay at $1. Hopefully the bridge is fully open soon

[@RutchanonWongsang]

hi paul i have a question i have USDT at Binance how can i send it to become madUsdt in cardano mainnet ?

[@CardanoWithPaul]

Bridge isn't open yet but should be next week and I'll do a video on it then

[@joesentak7033]

Wingrider ToS gives pause about usage. Basically, they are accountable for absolutely nothing should something go wrong. Bottom line - high risk. Paul any comments on the ToS particularly reference to obligation to check that usage is not a violation of the law of certain countries as listed?

[@CardanoWithPaul]

When using any DEX or Defi they aren't accountable for anything unfortunately it all comes back to you the user. Their policy notice is basically ticking a box to try and cover their ass but as far as I've seen they aren't tracking users or enforcing it

[@baeb9780]

Paul you are the fucking MAN! I was sleeping when they decided to launch.

[@TitlePending]

Me feed Algo!

[@n8tive1]

Good content as always Pauly you fookin legend , you are a big reason why I got into the Cardano ecosystem and so glad I did. 🤙🏽. Any chance you can give us a rundown on OCX and Blueshift dex aswell. Farming has started and seems they are doing things a little different. Cheers. I do have a little skin in the game on a lot of these dex’s and trying to figure out the differences.

[@CardanoWithPaul]

Thanks Cory, ya might do something on them. Not a fan of occam putting the restriction that you can't harvest rewards until they hit 250m tvl especially when milkomeda in total is only about 100m

[@n8tive1]

@@CardanoWithPaul Yeah 250m TVL or Sept 2022 whichever comes first. Will be Sept 2022 IMO. But fair call mate. Thanks for the reply

[@CardanoWithPaul]

@@n8tive1 thanks I hadn't seen the bit about Sept. That makes it a bit better

[@joellis741]

What’s your thoughts on UST Paul? Would it be advantageous to deploy Djed directly on the Cardano blockchain rather than Coti to drive Cardano layer 1 demand?

[@CardanoWithPaul]

I would prefer to see Djed on Cardano than on COTI like UST is on Terra, I dont fully understand why Cardano's stablecoin is on another chain.

[@MetalGearMk3]

wish they had a APR% so I can see if its worth yield farming.

[@CardanoWithPaul]

Ya until the token has a market price we wont be able to see that unfortunately.

[@michaldolinaj8117]

@@CardanoWithPaul and when this token going for price? you know sir?

[@CardanoWithPaul]

@@michaldolinaj8117 No date given yet except Q2

[@matthewbeary1600]

Wiiiiiiiiiingriiiiiiiiiiidas!

[@dapingzheng8016]

Can you send USDC from any ETH wallet to Cardano wallet like Nami, and then convert it as MadUSDC in the Cardano wallet?

[@CardanoWithPaul]

No you need to first bridge it to Milkomeda and then use the milkomeda bridge to bring them to Cardano

[@davidhuffman3289]

I do question the madwbtc on wingriders they have minted over 922 million and charging the same as 1 btc coin

[@CardanoWithPaul]

Ya I was the same. Its to do with how they had to create them, they put out a post about it here - medium.com/@milkomedafoundation/decimal-places-for-milkomeda-bridged-assets-9e52b2ebd28d

[@victorburca5028]

👍👍❤️❤️

[@chucksmerdon6256]

Hi Paul, Any chance you could do a deep dive video on Flickto? On the surface this project seems ligit but the price action suggests otherwise. You seem to have greater access to information than the rest of us. Hoping you could shed some light on the team and any thoughts you may have. Thanks.

[@gonsantos2129]

Keep up

[@swoops212]

Any thoughts about when the stablecoins price will stabilize?

[@CardanoWithPaul]

Should stabalise when the bridge fully opens as there is incentive there for people bring in stablecoins and buy cheaper ada. Hopefully in the next few days but waiting on then to announce

[@The_Endo]

lmao I hope you were being a smartass and ol Paul just didn't pick up on your point...

[@cascadedisrupt773]

Better than djed?

[@CardanoWithPaul]

Unknown yet, until Djed is actually launched we dont know exactly what it will be but looking forward to seeing it launch

[@The_Endo]

Their discord is basically explaining that this bridge is private, the 'unknown' LP provider is making arbitration gains off the bridge by manipulating the public jumping in like mad and not allowing anyone else access to the bridge. This smells like $hit, looks like $hit.... this is shady af. Paul, I'm disappointed.

[@cascadedisrupt773]

@@The_Endo built by vacuumlabs dude do some research they even spotted a bug in sundae swap and potentially saved them from being hacked. Probably one of the best dex's out there when up and running. Im disappointed in your comment Paul is doing a great job 👌🏻

[@The_Endo]

@@cascadedisrupt773 I didn't question anything about who built it, I know they are very smart and capable. I was very bullish until I saw how they launched.

[@FishBarney]

If I swap ADA to madUSDC, where can I store them? Can I use Yoroi, or Daedalus?

[@CardanoWithPaul]

Ya it will be in whatever wallet you use for the trade

[@FishBarney]

@@CardanoWithPaul Right, but can I move it from CCVault to Yoroi, so it is secured with Ledger? Cheers

[@wwallace4452]

Y. Where APR in Wingriders?

[@CardanoWithPaul]

We wont know the APR until they have their token sale as right now the token doesn't have a value

[@edwinadom105]

Hello, I just went on the WingRiders platform and read the terms of service. Am I reading it wrong or can almost nobody use the platform legally?

[@The_Endo]

Correct, almost nobody can use the platform without accepting all the risk available. This platform also has a private bridge that 'someone' is benefiting by arbitrage gains, yet they won't disclose in discord. it's shady af.

[@g00glian0]

Every time I try to do a swap, I get a Transaction Failed error. I tried to discuss the problem on their Discord channel, but most of the moderators just ignore me and put all their attention into people's whitelist issues.

[@samthorpe2666]

For the algo

[@kensanhan9059]

Can someone please explain to me why do they have banned countries in their ToS?? i thought this is DEFI. I am staying away until further notice.

[@CardanoWithPaul]

They dont track and stop users in them countries it looks more like a notice to try and cover them in the legal side. There are laws and legal issues with some countries when it comes to crypto and thats why some centralised exchanges dont let users in certain countries

[@kathiematthews8694]

What is the best way to make much money from investing in crypto

[@grandadcrypto]

no way I”m paying 4 ada in fee’s to buy a stable ocin. In my view only stupid does that one.

[@CardanoWithPaul]

Would be just over 2 ADA as you get 2 ADA back with the stables. Depends on how much you are converting to see if its worth it, if its a small amount then the fee plays more of part but its the same on all dexs on other chains too

[@soterisioannou6101]

Ada is the most stable coin on cardano don’t need usdc 😹

[@CardanoWithPaul]

😂😂 Very true

[@movinon1242]

So I am supposed to post a comment about Wingriders Dex going live, and make a big fuss over introducing Stablecoins on Cardano, just because Cardano with Paul says so. Like this is the best Cardano channel, or a channel for great cryptocurrency investment advice or something. As if.

[@CardanoWithPaul]

If you had posted a comment like that I would have probably said thanks very much for the support I appreciate it 😁

[@kinson1005]

Hi Paul Have you read the stablecoin from liqwidX? Seems like also an interesting project