6 ms·
Me think you are in a bit too deep and may be underestimating how things can go wrong. Another possibility is that you have a high risk tolerance as well as an
by dwaltrip 6y ago
Me think you are in a bit too deep and may be underestimating how things can go wrong.
Another possibility is that you have a high risk tolerance as well as an uncommon knack for this sort of thing that most people don’t have.
- psswrd12345 6y ago>Another possibility is that you have a high risk tolerance as well as an uncommon knack for this sort of thing that most people don’t have. Ding ding. Which is why returns won't last as the information asymmetry curve is flattened.
- nootropicat 6y agoI have low risk tolerance, but these contracts are usually very simple. I described the basic process of analysis on reddit some time ago (second half): https://reddit.com/r/ethtrader/comments/ihpj6f/yield_farming_thread/ https://reddit.com/r/ethtrader/comments/ihpj6f/yield_farming... In total, I did this with about 40 different farms. There was a time when there were several new ones every day. For a while it was pretty much a 24/7 job as maximizing apy required constantly jumping to some new hype. I was constantly afraid of depositing into a contract that would allow the owner to steal everything, but the worst I noticed were locking bugs + two contracts that allowed the owner to mint infinite tokens (of these two, only one used it to clean the liquidity pool). The list of farms in that reddit post is obsolete (I think only sushiswap is still running, but with low roi), in general this particular way of making money has run its course.
- rsync 6y ago"In total, I did this with about 40 different farms. There was a time when there were several new ones every day. For a while it was pretty much a 24/7 job as maximizing apy required constantly jumping to some new hype." There is a line from a movie ... "Short everything that guy has touched"
- seibelj 6y agoMy friend made over $500k from the Uniswap airdrop, he woke up on Thursday and realized he had another half million dollars. He sold it all immediately for stablecoins, and actually missed out on another $750k if he had waited a few hours and sold at the UNI peak. So yes, it is crazy and complex and difficult, but the rewards are vast for those that dare enter the world.
- remcob 6y agoFor every lucky person making $500k there are 100 people loosing $5k.
- seibelj 6y agoWrong! UNI was airdropped for free to all previous users of uniswap! No one lost anything. And in any trade, both sides have a coincidence of wants, so no one “loses”.
- pavlov 6y agoThat’s probably the argument that the Wolf of Wall Street used to defend his boiler room schemes. “The penny stock company issued 100M new shares for free, no one lost anything, we sold them to people who had a coincidence of wants.”