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27995169 No.27995169 [Reply] [Original]

How to profit with yield farming? is it too late to start farming now considering gas fees etc?
Or do I have better chances of making gains by holding governance tokens like yfi, crv, idle etc??

>> No.27995279

you need 10k minimum for farming something established, but if you can farm something new that will multiply in price you can put less in, I remember laughing at all the poorfags farming bao when it first came around, but in the end if they held they made some good money

>> No.27995966

>>27995279
Thats my point, should i start to farm when the market is in a downtrend or is it still worth it becoming a LP in curve and yfi or other clones and hope to see pools with 800% APY like last year in august

>> No.27996450

>>27995966
everything is pumped to hell, ETH was 400 dollars three months ago, so things can fall quite a bit
if you want high APY yields like 800%, lol, you need to find some new project that will survive and risk your money with them