FARM XYZ new yield farming protocol?

[dungEater69]

Farm XYZ aims to build a central place for investors to discover, invest, and track their yield farming investments. This platform will be built in layers that are built on top of one another. You can invest from any coin, have liquidity farms and associated pool investments in a single click by allowing you  to do all liquidity pool operations automatically.

You can also automatically track your investment value in USD in real time, allowing you to compare to other farms. FARM XYZ aims to fix Yield farming, as it’s becoming more complex each day, thousands of opportunities and the learning curve for the average investor is really steep.

This might be a good alternative for those of us that love staking and yield farming, so im going to keep an eye on it from now on.

here’s their site if any of you want to check it out:  https://farm.xyz/

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[Jaered]

This right here is the problem in crypto. New project. New team. New devs?. Same old ideas. Nothing different. It doesn't matter how many projects are on the same concept, many people would still build on the same ideas. This farm.xyz doesn't add any new features or innovations to this

[makishart]

This right here is the problem in crypto. New project. New team. New devs?. Same old ideas. Nothing different. It doesn't matter how many projects are on the same concept, many people would still build on the same ideas. This farm.xyz doesn't add any new features or innovations to this

Yeah, no doubt but the new project has a very high chance to be another scam project. This thing was an old thing that being repeated over and over by scammers. There's no need to use the new platform like this. He was mentioning to fix yield farming and what a non sense thing. The creator of the garbage site like that can't even think a good idea to be developed. The fact that if these days so many new platforms were act as money grabber only.

[hugeblack]

Personally, I do not trust projects that do not make promises other than making a quick profit or the possibility of helping to achieve this quick profit by providing liquidity and others, especially if these projects are central and dependent on depositors' money.

As for the story of being layers, and so everything can be done centrally by updating the database, and therefore the money will remain in the hands of the site. When he makes profits, he will give you a portion of them, and when he makes losses, he will steal all your money.

[cryptoaddictchie]

Im epxloring the website and I couldnt find any partnership or affiliated on such big names.  Im looking for this to see eithet this has been posted or has any good partnership.  Could trust a posted social tram profiles which could have been copied from legit ones.  Also my twitter account has been following OG on twitters and doesnt have anyone I knew following yours.  Means it doesnt have much impact on.


Personally the format is simple and dont have any new product on defi.  It could be legit but need some more digging.

[jossiel]

I'll avoid any yield farm project these days. It's worrying that there are many of them that are being hacked, I'm not a skeptic but I just don't feel the urge to put your money into these new projects.

They're sketchy thus, they're not really that strong in terms of security because they can easily breached.

Another problem is you don't know who the devs are or if they'll do a backdoor job on your funds.