STACKING ETH / BETH

File: 206 KB, 900x873, 1612825301894.jpg [View same] [iqdb] [saucenao] [google]

STACKING ETH / BETH Anonymous Sat Feb 13 13:05:50 2021 No.28618784 [Reply] [Original]

I've never messed with these DEFI stuff. Want to tip my toes and start getting something more out of my BTC and ETH.

Thinking of converting half my ETH bag to BETH ( currently 1 ETH = 0,97 BETH ) I do believe the price of BETH and ETH will remain correlated, so it's unlikely I would get fucked by impermanent loss.

APY around 30% on pankake swap. Currently i'm getting 5% on Celsius. What are my risks here ? From my understanding I could only lose if pancake swap rugpulls or for something BETH loses value ?

Anonymous Sat Feb 13 13:11:47 2021 No.28619226

>>28618784
The risk for all De-Fi protocols is that they get hacked, and hacks happen more often than you think.

AKRO got hacked, BZRX got hacked, CREAM just got hacked yesterday...

Might want to check if whatever platform you're using offers insurance. If not, buy some.

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance