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Budget Boy Finance
Budget Boy Finance

Budget Boy Finance

Decentralised Finance, Crypto and Economics

Lossless Betting Markets - Pooltogether + Polymarket

16 Sep 2021 1 minute read 1 comment Budget Boy

Pooltogether is a protocol that enables "No Loss" lotteries and Polymarket is a prediction market based in Polygon's PoS chain. If we combine the best parts of both protocols i.e. ("No Loss" + "Prediction Market / Wisdom of the Crowd") we get "Entrop...

Stablecoins 2.0 - Multi-Collateral Future

15 Sep 2021 1 minute read 0 comments Budget Boy

Over the years there have been several successful stablecoin designs namely: Custodial Stablecoins: USDT, USDC, BUSD etc... Fractional Reservs: FRAX Non Custodial: DAI, MAI, MIM etc... Each model has its pros and cons. The success of these ecosystem...

Curve Finance Bribe Wars

14 Sep 2021 1 minute read 4 comments Budget Boy

The ultimate objective of every protocol is to maximise the returns of its community / token holders so they continue to use and support the protocol and not sell their tokens. In order to not be sold, a token must satisfy the below criteria: 1. Reve...

A Tip to Yield Farms for Price Stability of their Tokens

8 Sep 2021 2 minute read 0 comments Budget Boy

A yield farm is only as healthy as the protocols it uses to maximise the assets in its vaults. Another huge part of the "VARIABLE APY" is the price/strength/consistency of the yield farms own governance token which it provides as LM on top of the yie...

Passive Income Strategies on Polygon for MATIC / ETH Bag Hodlers

7 Sep 2021 3 minute read 0 comments Budget Boy

  Strategy 1 - The AaveQiDaoQuickswapImpermax Loop This strategy is modest and careful and is based on the principle of "do not borrow more than you can afford" or do not borrow more than the value of your assets i.e. amount lent to impermax protocol...

Anti-Dumping Strategies for Protocol Tokens

6 Sep 2021 2 minute read 0 comments Budget Boy

This is a continuation to my previous article "What sort of tokens to farm in DeFi summer 2021". If you have not read this article feel free to do so as it would give you a little more context.  There are lots of liquidity mining rewards awaiting far...

A Guide to Tranchess Finance - For those who are long BTC

2 Sep 2021 1 minute read 0 comments Budget Boy

Tranchess Finance is an interesting project that I came across this week. The name of the protocol is not a typo but is a chess themed tokenised asset management and derivatives trading protocol. Tranchess is on BSC and is primarily meant for holders...

What Sort of $TOKENS Should You Farm in DeFi Summer 2021

31 Aug 2021 2 minute read 2 comments Budget Boy

After the great big dip of "19 MAY 2021", it seems like the community has totally forgotten all the China and Regulatory Crackdown FUD. Here is a quick update on some of the current and upcoming events in the crypto space: 1. Solana DeFi Sumer in ful...

Polygon Growth Analysis 2021

30 Aug 2021 4 minute read 0 comments Budget Boy

The year 2021 has been Polygon's year as it is the 6th highest gainer as per “Messari’s 2021 gainers” with a whopping +6242.96% from the start of the year. This wasn’t really a surprise as the TVL grew from the $200M levels to a mammoth ~$9 billion d...

Solving the Sneaker Resale Market using Polygon SDK

20 Aug 2021 10 minute read 2 comments Budget Boy

Overview The global sneaker resale market is worth $2 Billion and will grow to $5 Billion by 2025. It currently faces several problems ranging from liquidity, counterfeits, capital efficiency and high cost of participation in the resale market. A buy...