I first started keeping track of my results manually writing it down on a paper. I quickly realized that wasn’t going to be very efficient so then I took to excel and started recording my Liquidity Pool (LP) numbers. At first I wanted to just verify the APR and to see how the APR was changing over time but then I decided to share my results here and on medium. Before showing the results and digging into my findings, I wanted to focus on a couple points.
- These results don’t necessarily show profit. One item I took off (NYAS) went down significantly from about $300 to $30. But my LP went up with the high APR. While yield farming can be great, it does have room for rug pulls still but assuming things are maintaining value (or even increasing in value) then things can be super awesome.
- I am not affiliated with beefy or jetfuel or pancakeswap or auto finance or any other project that I have in my portfolio. I am simply a rookie investor that has studied finance in college and I am dedicating a % of my investments in extreme speculation even by crypto standards. Invest at your own risk and gage your own risk tolerance and if you decide to pursue yield farming know that you can easily lose a lot of your money (see the story above) very quickly. Which leads me to…
- Disclaimer: I am not a financial advisor. The information on this site is for informational purposes and isn’t financial advice. I cannot guarantee that you will have the same results as I have nor can I guarantee that the information shared here is appropriate for you. My opinions are my own despite any referral links that may be within the blog. I am not also not a tax consultant or a CPA. As they say in the crypto world, DYOR.