/biz/ - Business & Finance

I belive that they could transfer it from the LP at any time, although other anons might be more knowledgable in such matters.

I want to go all in to nesting, just to nest my BUSD what I am holding anyway. Is is risk free?

>>29387558
yes

>>29387724

no. if they rug.. that's your money gone. still, they are seeming kinda legit so far.

i had money staked for a few days, but already took my gains and moved on. in ramen now for the better APY -- but it's more risky i guess.

Buy the dip, bastard
>they said more and more
Then shill this trash on /biz/
>good I have bot ocean subscription and use algorithms for trading and low risks on DEX

egg's been pretty chill (-ie not risky) and the apy's still pretty good

I'm comfy hitting compound once a day and forgetting about it.

>>29387724
>Is is risk free?

As I understand it you could get rugged at any time.

>>29388157
So they can rug somehow? Take my BUSD out of the contract?

>>29388319

afaik, yes.

>>29388359
Hmm, okay.

>>29388418

they removed mitigator (rugging) code and have a 24 hour timelock on their contracts. it'll be pretty easy to detect a rug.

Don't listen to the retards.
>Contracted is audited by third party - confirmed rugproof
>They have contract timelock of 48 hours before they can make any additions to it

Do your lwn research instead of listening to fags who are salty they missed the gravy train and too retarded to realize they're still early even if they get in now. Your tokens are fine they can't are shit from you. Even when WYNAUT scammed, they didn't steal tokens, they just dumped all the Meowth in the dev wallet so if you don't want to spend a single dime on EGG you don't have to.

>>29388582
this, unless there is another bug or backdoor, but the code has been audited so risk of that is smaller (but still present).

>>29388418
Click and read the third party verified audits yourself. They'll inform you more than some retards on /biz/ who just fud.

>>29388752
What about viking?

is it worth farming if you only have $200?

>>29388871
haven't looked into that one, ask on the tg if they have been audited, with proof, and if they are timelocked and have removed the migrator method.

>>29389049
How to know if timelock is being initiated?

>>29388918
Yes, better on BNB-EGG farm than EGG staking. The impermanent loss isn't that bad with only $200.

>>29389104
https://unrekt.net/timelock/goosedefi-farm.html

>>29388871
Viking isn't even audited yet and is literally just a fork of Goose...Please do your own research, dude. You're going to get burned listening to anon's instead of just looking at the actual sites and understanding how to find risks for yourself. Who's more likely to scam - the original creator of someone copying the creator to piggyback their success? Be serious with yourself now. Not saying Viking is outright a scam, but to go from "hmmm, I'm iffy in goose so maybe viking is the one to go for" is really questionable judgement.

Keep in mind that for most of these farming apps, stealing LP is the least likely scenario because contracts typically prevent that - ESPECIALLY when they're audited contracts. You can't mitigate code - code is law. Even when WYNAUT exit scammed, people kept their LP. They just lost the value of all the Meowth and Wynaut they were holding, but nothing was really stolen from them. Coding exploits that allow for LP be stolen are easily spotted and called out.

>>29389287
Ok if the contract is ok then it seems like a free money.. I just park my BUSD there and collect viking and sell on the way.

Goose is the 3rd largest DeFi exchange on BSC right now, with whale transactions of $100k USD worth frequently happening. Their social media presence and constant egg buyback shows they're invested in the project long term.

Check social media presence, check transactions in and out the contract, read audits, stop asking /biz/. It's easier to shitpost and fud than to post actual research and discuss in length about why a project is good, so almost every coin discussion here is inherently going to be filled with FUD especially when it's a new coin that people are necking themselves for not getting on on early because they're too retarded to do their own research.

>>29389507
Yep. That's what I did with BAO. I understand your worries cause I initially felt this back in early Jan. But BAO was such a huge financial boost for me that I'm super comfortable with farming now and went down the rabbit hole of learning more about them. I didn't spend a single penny on BAO and made $4k profit not counting the locked up amount. I just parked USD based LPs on their platform and let the money flow in.

If you wanna understand why the money is "free," realize that they need your LP for liquidity on their site. The exchange doesn't just make coins from thin air, you essentially lend them your coins so people can transact on their site. As a rewards and incentive for you to keep providing liquidity, they pay you out in their own site token - when will develop further use on their site and gain in value. The more you support the platform, the more they grow. The more they grow, the more your held EGGs grow. It's win/win solution for both of you.

Just look at how far Sushiswap has come. It literally went from pic related to having so much money they outright paid $1.2m for the Sushi.com domain. Going to Sushi.com goes to sushiswap right now - that's something that was only possible from how large the community has become and how much the platform supports them. This model is fucking amazing because essentially everyone is on the board of directors and the longer you're in on the project the more voting power you have.

I'm not just an EGG shill btw, I also own CAKE because honestly I think they have a brighter future with what they're planning to do. But EGG is the second BSC exchange I feel has what it takes to make it big. People who don't understand farming are always fudding in these threads so it's aggravating to have to keep dispelling weak FUD. Farming is a midwit filter, when you learn it and see how much money you're making even when the token is crabbing, you'll realize how retarded everyone fudding actually is.

>>29390415
while i wish i hadn't after the fact, i read your entire post, and i think you're missing the point. egg fud is a direct result of being linked to chinkcoin. you are still going to lose if bnb dumps back down you will lose money no matter what the apy might be this week.

viking and egg.

rest is rugpull.

right now more in viking for the juicier apy

>>29387558
Buy BAKE and hold bro

>>29388871
Pajeet ponzi

Thoughts on Saltswap? I have a couple hundred bucks in there for the 50% daily roi but I wouldn't trust it with anymore for what little I know about it.