Gaming and Defi
Gaming and Defi are some of the biggest trends in the crypto market right now. I am continuing to focus a lot of my energy into these areas as I believe they will be big earners in the market going forward. So today I have an interview for you with the team from Decimated a very cool play to earn sci-fi game. I also am sharing with you a tutorial that Defi Dad made on how to use defi on Harmony to earn big yields. These tutorials are usually reserved for premium members, but with Ethereum fees being so insane I wanted to a tutorial with you on how to get into defi without paying killer fees.
For anyone not familiar, what is Decimated?
Decimated is a 3rd person survival role playing game developed in Unreal Engine, where players can choose to play a variety of roles, in three main factions; human citizens, cyborg cops and AI robots.
Earth has been abandoned after hundreds of years of destructive climate change and catastrophic neglect of the environment by corporations and industry. Political and social unrest has left the old cities decimated and hostile to life. Civilization has collapsed and destroyed itself, yet a cyborg police force still wields control over the wastelands.
Players can choose to play PvP or PvE by salvaging resources, technology and digital currency, repairing vehicles, building bases, fortifying shelters, collecting bounties, ambushing, looting or trading in this hostile post-apocalyptic environment.
Decimated won an award for “Best Blockchain Game” at the Kiev Crypto Games Conference in 2019, has been shortlisted out of hundreds of games at various game pitch competitions, and received an Epic Megagrant from Unreal Engine in 2021.
Our official website is https://www.decimated.net
What does the DIO token do?
DIO is the central currency in the Decimated game, which players will be able to earn playing, and spend on virtual items, consumables and cosmetics.
players can use DIO to buy vehicle or weapon licenses, and will have to find paid work to progress and level up their character, to earn more DIO.
As well as the challenge of surviving in a harsh environment, meeting other players and choosing to cooperate or fight each other, each player can pay real money, earn money while playing, and exchange into real money later by auctioning their virtual assets to other players.
Territory can be fought for, and certain areas of the map will be possible to buy with DIO, such as city apartments. Players will be free to sell their apartments to other players at any time.
What experience does the team have to make Decimated a success?
The game dev team have worked on many projects including:
• Cyberpunk 2077 (CD Projekt)
• Darksiders III (THQ Nordic)
• Returnal (Housemarque/Sony)
• Asgard’s Wrath (Sanzaru/Oculus)
• Just Cause 4 (Avalanche Studios)
• God of War (Sony Santa Monica)
• Paladins (Hi Rez Studios)
• Injustice 2 (Netherrealm Studios)
• Adam (Unity)
• The Division (Ubisoft Massive)
• Evolve (2K Games)
• Sniper Ghost Warrior 3 (CI Games)
• Star Citizen (Cloud Imperium Games)
• Batman: Arkham Origins (Warner Bros Montreal)
• Aliens: Colonial Marines (Gearbox/SEGA)
• Borderlands 2 (Gearbox)
• Dying Light (Techland)
Plus blockchain projects including Decentraland and Ethermon.
Who are some of your biggest partners?
Alameda Research, Huobi Ventures, Spartan Group, Forward Analytic and public listed company Cryptology AG. Other participating funds are Metavest Capital, Israel Blockchain Association, and more to be announced.
We are working with marketing partners in the videogame and blockchain sector.
We are also partnered with videogame production partners for 3D art, motion capture and co-development.
How will you use NFTs in the game?
Certain items such as vehicles, weapons, tools and character customizations will be NFT’s and will be exchangable on our marketplace and usable in our other games in the future. Consumables like ammo, food, water and fuel will not be tokenized, but can still be exchanged on the marketplace in exchange for DIO.
How can players earn by playing Decimated?
Players can earn DIO by:
– exploring and salvaging cryptocurrency and technology
– Undertaking legal or illegal jobs with varying risk/reward
– hijacking shipments/ambushing convoys
– escorting shipments and protecting them
– collecting bounties by imprisoning/killing players and target NPC’s
– breaking prisoners out of imprisonment for a reward
– buying/selling/trading items to other players or on the virtual market
Missions will spawn around the map, attracting players from all directions, and the last man or last clan standing will get the loot.
What comes next for Decimated?
Over the next few weeks we will be doing a lot more marketing, we will list on additional exchanges and our NFT marketplace will be out in early 2022.
We also have many in-engine trailers in production, which will show gameplay using in-game assets in Unreal Engine.
Our game demo will be available mid 2022, and wewill be working on iupdates for many years to come.
Harmony Defi Tutorial by Defi Dad
Before we get started, this is not a recommendation or endorsement to buy HND or ONE.
When you first discover DeFi, one of the core use cases you cannot escape is borrowing and lending. What’s changed dramatically over the last year is that those lending and borrowing markets have expanded beyond Ethereum to countless EVM-compatible chains like Fantom, Polygon, Avalanche, and now Harmony. We take lending and borrowing for granted in today’s DeFi markets with over $250B in deposited assets but this is the use case that made all else possible, by allowing anyone holding assets they believed in long term, to leverage them to borrow liquidity to earn yield elsewhere.
In the late summer of 2021, a new protocol launched aiming to aggregate multi-chain borrowing and lending liquidity called Hundred Finance. Hundred was created by a well known anonymous developer called vfat who became well known for quickly spinning up tools for tracking and estimating yield generated by yield farming protocols. This is a perfect example of how anonymous founders/contributors have earned more credibility than other doxxed founders who have contributed less to the DeFi community.
Hundred Finance aims to play a central role in “delivering the freedom to earn yield and borrow assets to a growing number of users in a trustless, secure and economically efficient manner.” The TLDR is you can lend or borrow at the best available rates on Ethereum, Arbitrum, Fantom, or Harmony by using Hundred, and simultaneously earn HND governance tokens when supplying assets.
Hundred Finance users are able to select the network they wish to use from the main page, and it automatically triggers the selection of the correct network by their Web3 browser wallet (ie MetaMask). Due to different protocols and different liquidity on different chains, the assets, interest rates, and transaction costs may differ.
What’s familiar though is the liquidity mining rewards which allows lenders on Hundred to earn HND tokens by staking their hTokens, which is what I’ll cover in today’s tutorial.
How to Earn Up to 78% APY with UST on Hundred Finance on Harmony
For anyone holding stablecoins across Ethereum, Arbitrum, Harmony, or Fantom, Hundred is the perfect place to maximize earning yield. Today, I’ll highlight lending UST (and earning HND rewards) for a net 78% APY. Over the last few months, I’ve also focused on lending stablecoins on Fantom via Hundred Finance and found rates as high as 60-70% APY.
Before we get started, please be aware of a few major risks.
- Smart contract risk in Hundred Finance and underlying DeFi protocols integrated on Harmony
- Oracle failure could lead to an exploit
- Systemic risk in DeFi composability
- Pegged assets such as stablecoins can potentially de-peg.
- Estimated HND rewards can go up or down depending on the amount of competing liquidity
Here’s how I get started!
1 – First, I’m going to need ONE to transact (pay fees) on the Harmony network if I’m new to using Harmony Network. I’ll need to buy some ONE which is actually the hardest step in this tutorial. I’ll need to find a CEX on this list that I have access to, or use another fiat/crypto on-ramp to buy/send ONE to my Harmony wallet (MetaMask).
2- Once I’ve bought some ONE to pay transaction fees, I can go to the Hundred dApp and Connect my MetaMask wallet, and choose the dropdown network to be Harmony. Hundred will prompt me with RPC settings to add to my MetaMask if I’ve never used Harmony and then switch networks to Harmony.
3 – Now I can copy my wallet address in my Harmony wallet powered by MetaMask to send my wallet ONE from the exchange.
4 – Next, having checked the rates under Supply I can see that UST lending yield is around 78% APY so I’ll need to bridge some UST to Harmony or trade for it. Bridging UST is the second hardest step.
- Let’s assume I have wrapped UST on Ethereum.
- For bridging from Ethereum or Harmony, I can use the Horizon Bridge here.
- I choose ETH > ONE, choose ERC20, and paste in the wrapped UST token address here 0xa47c8bf37f92abed4a126bda807a7b7498661acd under ERC20 token address to ensure I’ve selected bridging UST.
- Then, I click the MetaMask button under Ethereum here to be sure my Ethereum wallet is connected.
- Once my MetaMask is connected, assuming I’m sending UST from my Ethereum wallet to my same Harmony wallet address, I can click the blue text Use Metamask address to fill in my destination address on Harmony.
- Click Continue and follow the prompts to confirm bridging via MetaMask.
5 – Once my UST arrives in my Harmony wallet, I’m ready to lend UST!
6 – Back on the Hundred dApp, I select the network back to Harmony.
7 – I choose UST under the Supply options, specify how much UST to deposit, and click Approve to follow the prompts on MetaMask. It will require 2 transactions (Approve + Supply/Deposit) to get my UST deposited.
8 – After I have deposited UST, I now have hUST, which I’ll go back to this Supply option under UST to Stake and specify staking all of my newly minted hUST to earn the maximum yield.
9 – Lastly, I will return to this dashboard to claim my HND rewards or withdraw my hUST and UST when I’m done earning yield.
That’s it! I’m earning yield on my stablecoins for low transaction fees with Hundred Finance on Harmony.
For more DeFi video tutorials and insights, follow me @DeFi_Dad on Twitter and subscribe to DeFi Tutorials with DeFi Dad on YouTube at defidad.com. If you’re a builder raising capital for the next killer DeFi app, my team and I would love to partner with you at 4RC (Fourth Revolution Capital). Contact me via DMs on Twitter or at email@example.com.
Disclaimer & Risks: This is not financial advice or a recommendation/endorsement to buy any token mentioned in this post. You should approach all DeFi applications, wallets, protocols, and tools with caution. Please be aware there is always risk in using DeFi, especially technical risks (ie smart contracts bugs), financial risks (ie liquidity crises), and potentially admin risk (admin key compromise, governance vulnerabilities).
Thank you so much for your support, and I truly hope that today’s issue will give you insights needed to help you master your wealth.
If you are reading this it means you are on the free version of the Wealth Mastery Investor Report, which is great for news and tips on the crypto markets.
If you really want to take advantage of fastest growing asset class EVER, I highly recommend you join us in the Premium Investor Report.
You’ll immediately get access to:
- Deep dive Altcoin report & The Trending Coin Report
- Technical Analysis on the crypto large caps and overall market
- Token sales, Airdrops and DeFi Tutorials
- Updates on the NFT Ecosystem and new mints
- My Investment Portfolio Updates
Also, if you have any questions or feedback, or any topics you’d like to see covered in future issues, please reply to this email.
See you next time!
Lark and the Wealth Mastery Team
TCL Publishing ltd (director Lark Davis, owner of Wealth Mastery) is not providing you individually tailored investment advice. Nor is TCL Publishing registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. TCL Publishing is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.