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23321405 No.23321405 [Reply] [Original]

any disadvantages to staking/farming? (assuming theyre essentially the same process)

>> No.23321567
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23321567

Farming has high tail risk, I don't think it's worth it anymore at these rates. Newer farms might have short lived high APY but if you can't audit it yourself you shouldn't consider it.

As for staking you should stake if you're gonna hold it anyways or you'll get diluted. If there's a lock up necessary you should take that into consideration.

>> No.23321987

>>23321405
>As for staking you should stake if you're gonna hold it anyways or you'll get diluted
yeah this seems to apply to me. what do you mean by it'll help me not get diluted?

>> No.23322139

>>23321987
You'll lose your % share of the supply if others are getting rewards but you're not. Your real gain when staking is how much your % of supply increases.

>> No.23322648

>>23322139
got it. thanks swan

>> No.23323346

>>23321405
exit scams and IL

>> No.23323634

>>23321405
I'm staking LIT and getting 20% but you need to lock it for a certain period of time. 1,3,6,or 12 months. No downside.

>> No.23323644

Worse taxes

>> No.23323705

>>23321405
>staking
impermanent loss

>> No.23323842

>>23323644
this. At the end of the day staking and farming will probably classified as income. Have fun paying social security and pension tax and other state taxes on your yams