/biz/ - Business & Finance

Farming pools is always risky. I’m just nesting my eggs instead. I’ll consider selling when we hit $1000

>>28950603
why are farming pools risky?

>>28950676
If you farm and EGG explodes into the top 150 coins, you will miss out an a ton of gains due to the nature of liquidity pools and impermanent loss

>>28950841
oh so its not riskier than the other from a smart contract risk point of view, its riskier because you miss moonshot if the egg coin moons because holding 50% stablecoin?

5 EGGlet here feeling very comfy

fuck bros i forgot i need bnb for gas costs...
AAAAAAAAA what do i do

>>28951042
3 EGGlet here

>>28950676
https://finematics.com/impermanent-loss-explained/
Check it out here.
I'm 50/50 in BUSD/EGG farm and EGG nest. The farm is getting me about 2 EGG a day, compared to .5 EGG with my nest.

Nesting my eggs

50 egglet here

#comfy

>>28950470
literally free money with little to no risk. also based community manager in pic related. I've put all my savings in EGG.

>>28951747
>seething eth fag

>>28951798
EGG is a nigerian scam, doesn't mean BSC is

>>28950932
Yes you miss the moonshot possibly, you get more conservative gains if EGG moons. The other risk is the smart contract being insecure and your funds get stolen. If this happens your EGGs would be mostly worthless anyway

>>28951146
3,26 EGG whale here

>>28952010
got it
i missed defi summer but feel like this is going to be the new defi summer this year
anyone do the math on how to maximize returns with compounding?
im sure compounding more than 1x per day would net greater gains

so if i add liquidity to busd egg pool
now i have liquidity token
and when i am done farming i can trade them back to withdraw liquidity? and i get roughly the same busd and egg when i withdraw?

>>28952602
You get more back because you get the liquidity fee, if i am not wrong. Unless the price has shifted much and you might lose money.

Quack

1k EGG LORD! :)

how the hell would anyone feels safe with this ponzi scheme, honestly. the profits are too good to be true no?

>>28954021
how new can you be. every single farm token starts with APYs in the 1000's% and they gradually come down. A ponzi scheme is profitable if you're first in, first out. let Reddit and Twitter faggots be at the bottom of the pyramid when you exit with your 1000% gains

how would i switch from wynaut to egg properly? convert everything back to bnb, send to metamask and buy egg for egg-busd farm?

>>28954021
it's rewarding you for taking the risk in providing liquidity for a project in the ground floor.
It used to just be VCs and (((accredited investors))) get these opportunities but now everybody can
>>28953987
you feel its safe enough to put 50k in? I have never yield farmed so i started with 10k, especially since everyone here is talking about their 20 egg stacks

>>28954486
why do you think its a pajeet scam?

>>28954191
>every single farm token starts with APYs in the 1000's% and they gradually come down
Why, can you elaborate please?

>>28954894
Have you seen their cooooool website?

I'm impatient, how long before this does something?

>>28955417
it looks the same as all the defi sites doesnt it?

>>28955417
baseddev """styling""" doesn't matter as much as the monetary flow

>>28955120
Because either price drops or the pools get diluted with more and more participants.. that's just how it is.

>>28955734
I'm making $33/hr scratching my balls, what more do you want from this?

>>28955734
it will follow a similar trajectory as pancake bunny
probably over a shorter timeframe due to bsc rising over the past while

>>28956158
I'm not able to invest that much, I'd get a higher return on just holding my BNB at this rate.

>>28956158
how do you know when its time to get out? or if the project is gonna rug?
any good tips?
i want to put in 50k but im scared of rugging right now with 10k in im making like 1k per day....

>>28950470
Boys everything mooning but we're not. WTF

>>28956121
damn, this place has a filter that substitutes "s o y" with "based"?

>>28957071
they're releasing their "audit report" on the 20th. therefore you should get out on the 19th. if the audit is indeed good then get back in on 21st. if not, you've saved yourself from a rug.

>>28957451
They wouldn't announce a rug... trust me you'd be fucked announced not planned.

>>28957797
*unannounced

>>28951131
idk, I already sent another anon some BNB for doing the same thing a few nights ago... maybe someone can help out if you give an address.

>>28957071
I'm in because there's no silly gimmick, no bad UI changes, no 30,000% APY bullshit, nothing - it's just an outright improvement over Pancakeswap.

>>28957797
couldnt they just be announcing an audit to make ppl feel safe then rug it before the audit?
>>28958505
yeah the layered farming seems like a good idea. just depends on if the devs want to rug it or have a legit project

>>28958828
No, they're literally showing as in progress on Certik's site. But an audit isn't everything anyways.

so pancakeswap = uniswap
and goose = sushi?

>>28957176
prefer this kind of sideways forever haha