Thoughts on "Yield Farming"?

D

Deleted member 1333509

Guest

• Aug 10, 2020

• #1

Anyone had first hand experience with yield farming or has an interest in it? What are your thoughts?

https://www.coindesk.com/defi-yield-farming-comp-token-explained

 

Last edited by a moderator: Aug 10, 2020

J

jasonforrest

Regular Member

Jun 30, 2014

434

143

• Aug 12, 2020

• #2

Holding your crypto with 3rd party ins't safe. Not worth the risk for little gains. It's a hype cycle and will die out for most, and their tokens will devalue significantly when that happens

 

Myst3ry

Elite Member

Jul 6, 2013

1,533

1,400

• Aug 13, 2020

• #3

I want to hear other opinions too

 

t2van

Banned - Constantly insulting other members

Feb 18, 2018

1,178

3,080

• Aug 13, 2020

• #4

Excited to see a thread about farming on BHW only to be let down HARD

 

adubasu

Junior Member

Mar 14, 2020

156

43

• Aug 14, 2020

• #5

So my interest in this field came from when I heard defi being used for funding a type of "no loss" lottery.
https://www.pooltogether.com/Not affiliated with that site whatsoever. However, very interesting concept, for which I have an idea for supercharging the payouts.

 

J

jasonforrest

Regular Member

Jun 30, 2014

434

143

• Aug 14, 2020

• #6

If you haven't learned from the recent Defi / "yield farming" project YAM, then you'll never learn

It went from $150 to $0.50 hours later.... because of security flaw.

Bitcoin is the most secure crypto, database in the world.

 

bartosimpsonio

Elite Member

Executive VIP

Jr. VIP

Mar 21, 2013

24,772

31,555

• Aug 15, 2020

• #7

I thought yield farming was simply looking for the best staking yield? What's it really? Anyone got a simple explanation a chimpanzee like me could understand?

 

Kambaggo

Regular Member

Aug 25, 2015

331

332

• Jan 9, 2022

• #8

People still doing yield farming?

Any good resources on it?

 

L

LootBox

Banned - selling outside of the marketplace.

Feb 8, 2021

392

225

• Jan 10, 2022

• #9

I'm farming CRO on their app, 13% APR

 

O

onlinemarketer12

Elite Member

Jr. VIP

Nov 22, 2019

6,960

1,681

• Jan 10, 2022

• #10

LootBox said:

I'm farming CRO on their app, 13% APR

Click to expand...

CRO is a very good going. It can be next BNB.

 

GeniusProxy

Power Member

Jr. VIP

Jul 30, 2021

570

86

• Jan 12, 2022

• #11

Personnaly making mining and put my ETH into USDT then making yield on pancakebunny,
USDT-BUSD LP is 13% so that's huge for me help me to pay my electricity

 

ensus

Junior Member

Jul 25, 2018

139

200

• Jan 12, 2022

• #12

Any scheme that requires you to move funds in to another, assume there's a correlation between *time x risk*
The longer your money is gone, the more returns you makes = the riskier it becomes to get your original investment back.

How long can a scheme like that actually work for, its too risky for me, but thats why the returns are high i guess "danger pay"