/biz/ - Business & Finance

>>56653455
I remember the tail end of defi summer 2020, just before the bull market began... I lost 70% of my folio "DCAing" into a yield farm token called YFV (picrel). The loss was bad enough to damage me psychologically, making me cautious and fearful when I should have been aggressively accumulating.

You will be hard pressed to find any information on what happens to these yield farm tokens because, well, they die out pretty much completely. If a community of baggies is left, they are isolated in the baggie equivalent of a locked down fallout vault. So you don't see the charts, you don't see the baggies crying, you don't see the death and destruction that has been wrought before you.

Can you make money from them? Absolutely. But most of them are extremely high risk, no matter what strategy you plan to implement. But it depends on the contract implementations. If it's a fork of a well established protocol w/ proper contract locks, it's safe to farm+dump. But those are few and far between. Best approached by someone with smart contract development experience.