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RE: Three DEFI traps to watch out for...

in LeoFinance • 3 years ago (edited)

I sort of breathed a sigh of relief when I read this. I've been thinking that maybe I should research defi outside LEO but have resisted since my gut was telling me they would take too much managing. I'm measuring my returns not only on size but also by how much of my time/energy they take. My goal is to eventually make enough income to take out my CGA allowance every year for as little time/effort as possible.

I do want to diversify outside of Hive though and have been researching simple staking returns elsewhere.

Thanks so much for the information in this article. It's really useful for the smaller players I think. 😊

One thing I was curious about . . . why do you prefer BEPSWAP over pancake swap at the moment?

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3 years ago in LeoFinance by
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     3 years ago  

    I'm measuring my returns not only on size but also by how much of my time/energy they take.

    That's a great point. This is something I also value a lot and that's why I've been restricted to CubFinance for the moment.

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     3 years ago  

    !ENGAGE 20

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       3 years ago  

      Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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         3 years ago  

        I've done OK out of Pancake TBH, but then I've got most of the cake i've bought/ earned in the cake pool, which is only Cake!

        BEPSWAP - you have to pool everything with Rune - for most of March/ April Rune and everything I paired with increased, if both tokens increase, it's a win.

        And you can asymmetrically pool - just add USDT and it converts half to Rune.

        I pulled most of it out when Rune started proper increasing recently, now I've put some back in again.

        And on Rune mainnet you can stake native assets, not the wrapped versions.

        I haven't pooled too much Rune as I think it could well be the next BNB.

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         3 years ago (edited) 

        Thanks for the additional information. It's all a bit labour intensive for me I think. Interesting to learn about though. 😊

        Posted Using LeoFinance Beta