Quote:
Originally Posted by martenJ
thank you, I think I only did one or two? Anyways, one month is way too long, the game changes every week on ETH. And the best farm on BSC can change daily.
The things I learned recently are:
A) It is pretty incredible how hard APYs can drop when the market goes down. The coins you farm will drop much harder than BTC or ETH.
B) Curve is pretty much unusable if you don't have a 7 digit bankroll when fees are high (100+ gwei), but when fees are non-existent (polygon) or low (50-60 gwei on ETH right now) it is amazing. APYs are even higher than shown on the website if you harvest and reinvest somewhat frequently.
edit: I can make a farming guide for May, but don't expect it to be helpful for long.
Yeah, I'd much appreciate a farming guide. I am tentative to allocate big positions to farming as it still feels like focusing on rakeback in poker; however at a minimum, longer term positions might be best simply kept in beginner-level pools, rather than having so much btc & eth in hardware. If these defi systems black-swan, the eth I have offline wouldn't be worth as much anyway.
As for B) - in my experience polygon is a great way to just get a feel for things. Whether other zk rollup protocols become the "winners of the space", for now it is possible to simply put a few dollars on polygon and learn-by-doing. Pool two tokens for $100 and come back a day later and add more liquidity with the yield, just treat it like a game. Given tiny gas fees you could do this with like a $10 bankroll or less if you really wanted. Either put your assets on aave's polygon offering, or provide liquidity on quickswap. Once you get the hang of it you get more confident, just like playing on various poker sites over the past 15 years. If anyone has better advice than this for learning-by-doing, please let me know.