Croin (OP)
|
|
October 10, 2021, 12:22:40 AM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
|
|
|
|
minhtra
Jr. Member
Offline
Activity: 79
Merit: 2
|
|
October 10, 2021, 02:51:30 AM |
|
for platforms been around for long time, curve, balancer, uniswap, compound, aave - these are safe because of time but risks can still happen regard newer project that is risky which may be interesting to farm is like Beta https://www.coingecko.com/en/coins/beta-finance
|
|
|
|
cryptoaddictchie
Legendary
Offline
Activity: 2114
Merit: 1322
|
|
October 10, 2021, 02:54:26 AM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
Somehow the risk quite little probably since you are using stablecoins, but dont expect a high return comparable to paired tokens that do liquidity. There are plenty of platforms for stable such as the one mentioned but I never tried it out so Im not sure, but seeing the potential gain for a very conservative approach is quite a safer method.
|
| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
|
|
|
gwdf1
|
|
October 10, 2021, 03:42:37 AM |
|
And where do you see the risks.
One serious risk is connected with security of the platform you are going to do yield farming on. Hackers constantly find loopholes to attack the project and steal money. So you had better find one with a good reputation and several audits. On the other hand, such a platform will give you smaller interests, but you are likely to avoid the risk of loosing money.
|
|
|
|
lumierre
|
|
October 10, 2021, 04:49:40 AM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
Actually, yield farming is a rather attractive thing as you can get passive income with big interests. Actually, I used to make a lot of money on it, when yield farming platforms were on the peak of their popularity. Now this hype calm down, so profit is smaller, but I am still satisfied that I can do nothing and get 4-10 % for stables and 50-70% for more risky pairs.
|
CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
|
|
|
asriloni
Legendary
Offline
Activity: 3052
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
|
|
October 10, 2021, 04:56:28 AM |
|
But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve. Go to the pancakeswap and then try to pick stable coin to get stable APY. it might not be so big but it was using the stable coin and you will get less risk by losing your money due to the volatility in the market. What do you think about it? that's good enough and I'm still farming right now. And where do you see the risks.
The potential risk should be you will be loosing your capital if you're using altcoin to earn passive income. The problem is your altcoin will be volatile following the demand and supply in the market.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
RussianEnglishTranslation
Jr. Member
Offline
Activity: 840
Merit: 6
|
|
October 10, 2021, 05:08:59 AM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
You won't get rich holding stablecoins unless you have high farming rewards. I suggest spookyswap and ref finance, both of those have high apy.
|
|
|
|
flip4flop
|
|
October 10, 2021, 05:47:53 AM |
|
The risk is in the team and the potential regulation and scrutiny that most of these DeFi platforms and yield farms are going to come under in the near future. While the yields can be amazing it doesnt take much for them to drop quickly from either a rug pull or some bad news. Just have to know your risk level.
|
|
|
|
amishmanish
Legendary
Offline
Activity: 1904
Merit: 1158
|
|
October 10, 2021, 05:57:38 AM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
The yield farming with stables has a lot of options and there are quite a few established projects. The risk is not so much in terms of the anonymity of developers or the developers going rogue. This is because these projects are already handling billions of dollars worth of locked value and have public founders and teams behind them. The risk as usual is the smart-contract risk and its being irrevocable. For example, One of the most well known platforms Compound has resulted in losses worth around 160 Million dollar after an "upgrade gone very worng"I haven't looked into the details but you can rest assured that if any of this was intentional, the wider community would know. For example, it was a community tipoff that exposed the OpenSea founders machinations. Moving onto platforms you can try, I'd recommend checking out Barnbridge which has multiple products to choose from depending on your risk profile. This has a sincere and known team that has been very open about regulations as well as taxation events since the beginning.
|
|
|
|
Kitaiev
|
|
October 10, 2021, 07:03:36 AM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
Curve is a good solid platform and i think to invest a decent chunk of your money in it wouldn't be the worst idea. The risks here are as standard as in any other protocol. Before you start i recommend to understand what and how it works because this protocol is not the easiest to use and understand.
|
|
|
|
Croin (OP)
|
|
October 10, 2021, 09:22:17 AM |
|
But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve. Go to the pancakeswap and then try to pick stable coin to get stable APY. it might not be so big but it was using the stable coin and you will get less risk by losing your money due to the volatility in the market. What do you think about it? that's good enough and I'm still farming right now. And where do you see the risks.
The potential risk should be you will be loosing your capital if you're using altcoin to earn passive income. The problem is your altcoin will be volatile following the demand and supply in the market. You mean simply the price of the altcoin will change? What about the following scenario: Deposit 100USDT 1000Shitcoin Is it possible that in the end I will withdraw 80USDT 1200Shitcoin Because of something? Is this "slippage"
|
|
|
|
Croin (OP)
|
|
October 10, 2021, 09:24:41 AM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
Actually, yield farming is a rather attractive thing as you can get passive income with big interests. Actually, I used to make a lot of money on it, when yield farming platforms were on the peak of their popularity. Now this hype calm down, so profit is smaller, but I am still satisfied that I can do nothing and get 4-10 % for stables and 50-70% for more risky pairs. You got some examples? What about ETH - stables and don't I get some tockens from the defi provider which I can additionally stack?
|
|
|
|
budlo
|
|
October 10, 2021, 09:36:09 AM |
|
It should be understood that curve is the market leader and there are relatively low percentages in it. Therefore if reliability is important to you then choose curve and if you want to get a large percentage then take into account that you will bear much higher risks.
|
|
|
|
Croin (OP)
|
|
October 10, 2021, 12:09:10 PM |
|
It should be understood that curve is the market leader and there are relatively low percentages in it. Therefore if reliability is important to you then choose curve and if you want to get a large percentage then take into account that you will bear much higher risks.
Thy Is there actually somewhere an overview over the APY for different providers?
|
|
|
|
martina14
|
|
October 10, 2021, 12:57:16 PM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
Have you try Biswap? so far, this platform of DEX was good and in my experienced at the moment it gave me earnings monthly, or daily were I can withdraw it anytime I want. And I know there are a lot of users of this platform that they know I am telling you the truth. Come give it try now.
|
|
|
|
zasad@
Legendary
Offline
Activity: 1792
Merit: 4368
|
|
October 10, 2021, 01:20:31 PM |
|
Hey guys!
somehow I didn't jump on the yield farming so far. But I am looking at the APY for stables and it seems to be pretty decent for doing nothing, even on platforms like curve.
What do you think about it? And where do you see the risks.
Even if you add liquidity to the DAI-USDC pools, the profit will be no more than 8-10% per annum. The risks are errors in smart contracts, hacker attacks, or the depreciation of one of their assets. I add liquidity to pools to receive rewards or tokens, but more profit can be earned from investing.
|
| ...AoBT... | | ▄▄█████████████████▄▄ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████████ | | The Alliance of Bitcointalk Translators | | | | │ | | ▄▄▄███████▄▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀▀███████▀▀▀ | . ..JOIN US.. | | │ | | ▄███████████████████████▄ █████████████████████████ █████▀▀██████▀▀██▀▀▀▀████ ██████████▀██████████████ █████▄▄███████▄▄▀████████ █████████▄▀▄██▀▀█████████ █████████████████████████ █████████████████████████ ████████████▀████████████ ▀███████████████████████▀ █████ ██████████
| . ..HIRE US.. | | │ |
|
|
|
domoy77
|
|
October 10, 2021, 01:34:55 PM |
|
for platforms been around for long time, curve, balancer, uniswap, compound, aave - these are safe because of time but risks can still happen regard newer project that is risky which may be interesting to farm is like Beta https://www.coingecko.com/en/coins/beta-financeNew projects and new platforms always have a greater risk than the security they offer because each new one still requires clear evidence for it within a certain timeframe or within a timeframe that they have set themselves.
|
|
████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
▄██████████▄ ████████████ ███████████▀███▄ ████████████████ ████████████████ ████████████████ ▀███▄███████████ ████████████████ ████▀██████████▀ |
▄██▄█████████▄██▄ ▀████▄█████▄████▀ ▀████▄█▄████▀ ███████████ ▄████▀█████▀████▄ █████████████████ █████████████████ █████████████████ ▀███████████████▀
|
▄███████████████▄ █████████████████ ████▀███▀██████▀ ███████▄█████▀ ████▄▄██████████▄ █▀▀██████▀███████ █▄██████▄███▄████ █████▀███████████ ▀██▀███▀████████▀ |
████▄███████████ ████████████████ ▄███▀███████████ ████████████████ ████████████████ ████████████████ ███████████▄███▀ ████████████ ▀██████████▀ | | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ | |
██ ██ ██ ██ ██ ██ ██ ██ ████████
| | | . [ [ [ | | . ] ] ] | | | | . Listed on
| | BINANCE KUCOIN Gate.io | | |
|
|
|
Cryptostyle05502
Newbie
Offline
Activity: 2
Merit: 0
|
|
November 03, 2021, 07:37:36 AM |
|
Yield farming is a rather attractive thing as you can get passive income with big interests.
|
|
|
|
|