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Title: Got a question from a yield-farmer, need help answering it! Post by: CryptoHuff on September 05, 2020, 08:53:40 AM The English is broken, but maybe some of you will understand.
''if u go and deposit in curv fi to start mining the ycurv ,u get like 4500 for 5k usdt'' ''with those 4500 ycurv what s the % yfi u mine'' ''and if lets say yfi crash as u say ,i asume i can stop farm it and get my rewards and exit right ?i can get back my usdt minus fees minus swap ammount right?'' Title: Re: Got a question from a yield-farmer, need help answering it! Post by: anu1908 on September 05, 2020, 10:10:52 AM the % is probably referring to the yield returns, which will change depending on the rates of the platform. it's not a fixed rate. as when the crash happens, i think it will depends on what crash are they referring to. if it's a zero-day bug that allows every tokens to be owned and dumped by a single person it will be worthless probably.
Title: Re: Got a question from a yield-farmer, need help answering it! Post by: batang_bitcoin on September 05, 2020, 11:16:03 AM Just don't be too attracted to those gains. I'm not going to suggest someone with that kind of mindset to invest with huge amounts on investments that he doesn't understand literally.
What's this ycurv? is it another Decentralized Finance that's going on hype or it's just another project that we are not aware of but a newbie has landed and got on it randomly? Title: Re: Got a question from a yield-farmer, need help answering it! Post by: bits4books on September 05, 2020, 12:26:31 PM I would suggest that you don't have to deal with DeFi at all just to save your nerves and money but it's up to you.
Just remember that if you miss the moment, instead of profit, you will get only tears and a lot of useless garbage as a consolation prize, that's all. Think a few times before dealing with bubbles from decentralized finance. |