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/biz/ - Business & Finance

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21631761 No.21631761 [Reply] [Original]

How come no one yield farms on this board?

>> No.21631809

>>21631761
Because farming is a bad business

>> No.21631808

Because this board is full of joggers that think ChainStink and Stakenet will make them rich

>> No.21631897

>>21631761
Eh, I have some dividend stocks, but need to make it big in crypto to actually make a go if it.

>> No.21631995

>>21631761
It seems too good to be true, you want me to believe I can place DAI in a yVault and earn 80% apy indefinitely? Where’s the magic money coming from?

>> No.21632108

Where’s the best place to do it?

>> No.21632128
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21632128

>>21631995

>> No.21632230

>>21631761
ngl, it just seems like way too much effort and too many scams.... I literally cant be bothered trying to wade through a pool of shit for a few hundred dollars, in fact i would rather be a septic scuba diver that deal with the toxicity of the defi community.

>> No.21632767

>>21632230
It was hard a few months ago but the tools are very easy these days. I don't know why more people on biz aren't doing it

>> No.21632912

>>21632767
can i run 100k+? or is it better for babbys?

>> No.21633034

>>21631761
What are you farming? I was in pasta for a bit but switched back to curve.

>> No.21633103

>>21632128
But hoooow??? Only ponzis have ever offered that kind of return

>> No.21633125

>>21631808
Go back retard

>> No.21633215

>>21633103
the ROI will decrease over time when the market inefficiencies get less and less. The rates fluctuate

>>21633034
Curve and MTA/mUSD

>> No.21633236

Yield farming is for chads only. It's not a good idea to share pofitable farming strategies because more people farming means a lower yield. The /biz/ virgins can stick to Uniswap scams.

>> No.21633817

>>21631761
Seems like a risk to put my cold storage stack into a smart contract as collateral

>> No.21634188

>>21631761
Gas fees are super fucked, i paid $50 to get 2500 of my linkies into AAVE and then into the yvault last night. Since I put them in the amount of linkies in the vault has tripled, so a ton of people are doing it.

>> No.21634871

>>21634188
It's nothing if you got enough size, with 6 figs you make it back in a few hours.

>> No.21634889

>>21631761
chainlink sir

>> No.21634991

>>21632912
You can run whatever you want
YFI tvl is 700m or something like that
Lots of big players w/ 10m+ in the pools