Comment by pcthrowaway
2 years ago
I found the high yields were always on shitcoins (where projects occasionally rug), or lost due to impermanent loss.
I'd love to be able to find more than 10% consistently on something like USDC
2 years ago
I found the high yields were always on shitcoins (where projects occasionally rug), or lost due to impermanent loss.
I'd love to be able to find more than 10% consistently on something like USDC
There are places to get > 10% on stables. But always the risk of rugs / hacks, you need to diversify. This is a crazy game, but if you are a software engineer it's a good side hustle / hobby to earn more money. I'm always mentally ready to lose 100%, it's about growing your stack and siphoning off some amount from the interest every week. I enjoy it
Technically you can lose more than 100% because you owe taxes on your staking rewards.