/biz/ - Business & Finance

>>26414132
95% of farmed BAO is locked. Project has long term prospects, an actual well thought out roadmap with smart tokenomics, and Sushiswap is officially partnered with them and aims to use BAO on their platform to provide the unique feature of decentralized trading if synthetic assets. Sushiswap is the 3rd largest DEX and aiming to be much more. They gave Baoman a grant to help BAO succeed. BaoMan is also getting a salary for this - there's no reason for him to ditch out on the project for chump change. No incentive to bail on the golden opportunity provided to him. He has a chance to become a key pillar in a huge player of the DeFi space.

>>26414144
Read up on IL here:
https://blog.bancor.network/beginners-guide-to-getting-rekt-by-impermanent-loss-7c9510cb2f22?gi=8ae3249e926d

Short term it may be an issue since BAO is running. It all depends on how much you're farming, cause if you're farming a small amount you may not outpace IL during moon missions like what BAO is doing now. If you're farming a lot you'll outpace it. Also keep in mind that you're earning 0.3% transaction fees on all BAO purchases made on Uniswap for providing liquidity, which should mitigate or eliminate you IL. If you want to avoid the risk all together, there are plenty of other pairings on bao.finance to pick from.

Use apy.vision and yai.financr to monitor your gains/losses from Uniswap liquidity pools.