/biz/ - Business & Finance

Yeah man it’s a total waste of time. Look at the chart of any high apr yield farming token, it is a ROCKETSHIP straight down!!!!! Basically what you do is buy in and count your initial investment as a total loss, and then just cash out rewards as quickly as humanly possible as the price goes to zero. The fucked up thing is, people buying in later than you are getting a FAR better buy in price because the price is always falling so far so fast. So they can get a MUCH larger position for a much SMALLER buy in price. It’s a fools game. Fuck yield farming and just find something that you think will actually appreciate in price.

>>56653433
thanks anon for confirming my thesis.

>>56653388
As always DYOR...
>>56653433
has some good points, but its not the whole story. The trick is, to get a position early, break the position up a bit, have a hold stack and an LP stack. If the APR is good before the token moons, farm it, while banking all the rewards(either sell for cash, or hoard in your hold stack). Once the token starts a run, 10x or something. Sell that hold stack, youre now deep in profit, and start cashing out 100% of the rewards for the LP. If you like the project, just keep the LP up and use those earned tokens at some point....otherwise wait until they falter and then buy in to use their systems...havent found many systems worth using for long term though.

until these useless coders start building secure and useful products, there will really be no defi tokens worth holding. Even the promising ones will likely have their project abandoned once the devs make some money...remember these devs arent here to change the world, they are here to make something shiny for you to buy so they can get their make it money stack. They are not building products for YOU to make make it money with.

>>56653471
uniswap casino is still better then

>>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.

only stake on binance. curve, cake, etc are all traps. the devs will claim a hack took place and never find the perpetrator. mmmh wonder why.
just buy idos and double your money. it's that easy. blocklord's is happening sometime soon-ish. that's what i do at least.

>>56653388
this just sounds like your average ponzi rug with different words desu

>>56654196
This lmao stake bnb on binance and forget about it for like two months. It's only going up anyway. Not a single hack since staking became a thing there.

>>56654196
another...... another game

>>56654067
we do not care about loser

>>56653433
>high apr yield farming token
Anything offering "high" yields (as in, 50% or 100% etc) is a scam. Every time. DOT offers like 16% and that's more than enough.

Farming eth/btc is a waste of time. You could make more in a bank.

>>56654196
stinky neet asshole.

>>56653764

>>56653388
there is no serious business that presents such a short roi or such high profits without being a vile scam, if I were you I would dedicate myself to study a little more and not give away my money

>>56654246
he's not fucking lying though lmao

>>56654216
it is not a pyramid or a ponzi, it is less interesting than that

>>56654196
especially after the BNB issue is solved, it will be good to buy, the rest is a black hole where you will loose everything you have

>>56654196
IDO's are still a trap though there's a 50% chance it'll go nowhere and you end up buying at a bad price even with the initial discount but it is better than staking and doing fuckall
>>56654233
>5/6% unless locked
no thanks

>>56654233
staking bnb on binance is the best you can do atm and whoever is fuding against it will fucking cope so hard in a few months kek

>>56654067
this tbqh will never make the mistake of investing on yield farms

>>56654286
BNB had some kind of problem? i always saw it as a solid token

lol at the bnb jeet army