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.
awesome stuff keep it up
Thanks for the share, interested in this all together. You got a discord so I can pick your brain?
Yeah sure. Feel free to ask away
https://discord.gg/mvdCMc2ceE
Hi. Bro wanted to just ask you on something. Would you be kind to share in terms of capital wise what r u putting in each of it and also I saw some of the farms not currently present. Meaning some is staking some is yield farming yeah? Net net are you up capital gains wise from the last two weeks portfolio?
My thoughts is that the huge capital guys would benefit most from this. Yearly apy not really relevant in my opinion as more people come and the returns reduce.
Thanks dude
So when I first started I was buying random tokens with .2 BNB and pairing it off with another .2 BSC into the liquidity pools which was about $50. Since then BNB has done a bit better so I’ve been trying to stick with that same figure of $50 USD for the random projects, especially the exchange platforms.