Kamikaze Cash
patreon
DNA Farming part 1: Long side
🕑 Added 2025-05-16 16:26:16 +0000 UTCIn this video, we will set up the first half our DNA farm.
In this video, we will set up the first half our DNA farm, which is the long side. Part 2, the hedging side (short side) is optional.
We focus on ATOM (Cosmos Network) which is the most straightforward coin for our purposes. We address several steps:
1) Setting up a Kelpr wallet 2) Setting up an account on a centralize exchange (CEX) of your choice 3) Buying ATOM on the CEX 4) Moving the ATOM from the CEX to your Keplr wallet 5) Staking the ATOM in your Keplr wallet to earn APY
1) Setting up Keplr
Keplr is optimized for coins on the Cosmos Network, where ATOM is native. This makes it the best platform for earning our APY and claiming our airdrops.
Go to https://www.keplr.app/get Download the browser extension.
This will let you create a new wallet or import an old one. Unless you already made a wallet prior, you'll create a new wallet with a new 12-word recovery phrase. DO NOT lose your recovery phrase!
You'll be able to access your Keplr wallet with a username and password. The seed phrase (recovery phrase) will allow you to access the wallet on another device or browser in the future, if you need to.
2) Setting up a centralized exchange
At this point, you will have a Keplr wallet but no ATOM coins. The easiest way to get ATOM is to buy it at a centralized exchange. I recommend making accounts at both Kraken and Coinbase for different purposes.
Although this will sound self-serving, it is best to sign up with a referral link because you will receive a bonus for doing so. You are welcome to share your referrals in the comments and I encourage you to use someone's when you sign up.
Recommendation for novices: Use Kraken, which is the easiest CEX to use. https://invite.kraken.com/JDNW/lsxzzeal
Recommendation for intermediate and advanced: Coinbase Advanced is a little more complicated to use, but is better for intermediate people because it does not introduce a waiting period, like at Kraken's basic service. You can move your coins right away. https://coinbase-consumer.sjv.io/mikey
Faster alternative: The fastest but most expensive way is to buy ATOM in the native Keplr interface by pressing "buy." This will require you to use a debit card at a 3rd party service with a higher fee, but it will avoid any delays experienced by using CEXs. Keep in mind you will need CEXs for other coins in the future, so using Keplr directly is a temporary option for this coin specifically.
3) Buy ATOM
After signing up, buy ATOM. I recommend doing at least $203 if using Kraken ($200 requirement plus room for fees) so that you receive the $50 new user bonus and 30-day spin wheel which will give you a small amount of additional coin.
At Kraken, this will require a 7-day wait before you can move the coins to Keplr.
At Coinbase Advanced, there is no wait, but it is more complicated for novices. Fees are lower at Coinbase Advanced than on Coinbase's or Kraken's basic service.
4) Moving ATOM from the CEX to Keplr
Reaccess Keplr and press "deposit."
Select Cosmos Hub or type ATOM and copy your wallet address. You now have your Keplr wallet's ATOM address on your clipboard.
Go back to your CEX and hit "send" or "withdraw."
Enter your Keplr wallet's ATOM address and send ATOM. Tip: If this is your first time sending crypto, do a tiny amount first to make sure you know the process and aren't making errors. If you send coins to the wrong address, it's gone forever.
Your coins will now move to your Keplr wallet where you have control over them.
5) Staking your ATOM
To earn APY, you must stake your ATOM. Coins will not leave your wallet. Instead, you are giving someone permission to use your ATOM for their proof-of-stake validation, similar in concept to joining a BTC mining pool. As of 5/16/25, ATOM staking offers about 15% APY at its current price of about $5.
To access the staking dashboard, select "Dashboard" in the Keplr wallet.
Scroll down to "stake" on the right side. You will be given a choice of validators.
Recommendation: Choose Stake&Relax, which came recommended and is the one I use. Alternative: Stake a portion to Atlas Staking, which will offer the validator's own 5% commission plus the 15% APY if it is able to become an active validator later. At present, they are not an active validator because too few ATOM is staked there, and so we will not earn APY staking with them now. This validator sold its previous company and is making a new one, and requires more ATOM staked to become active. Staking here is optional, and users can just stake to Stake&Relax if they are not interested. Select the validator(s) of your choice, and stake almost all of your ATOM to them. Leave a small amount, such at 1 ATOM, in your wallet to cover fees when transacting. The transactions will usually cost a few cents.
You are now earning APY. Claim your earnings as often as desired within Keplr wallet by selecting "claim."
Comments
2BB
link: https://invite.kraken.com/JDNW/c17t6gzg
TradingLikeShhh
Code: bbk48255 Link: https://kraken.onelink.me/JDNW/3escy239
