Degen

i ve shared my $degen lp journey since i added it to @beefy. for transparency, here it's an update; as much as i shared the good things (claimed around 150k degen from rewards), but now the bad too: 

-my lp position is now all converted to eth asset.
-my funds are locked since 'withdraws are temporarily unavailable'. that means my impermanent loss is bigger and bigger. 

i took the risk of il when i decided to add liquidity, trying to lower my average price, but I didn't accept a funds lock; obviously, i won't be using beefy again.

GM Degens —

Beefy vaults are offering up to 540% APY. Reminder: liquidity can be locked during high volatility, both up and down. There's also the risk of impermanent loss.

Make sure you understand the risks before jumping in.

Beefy

GM Degens —

Beefy vaults are offering up to 540% APY. Reminder: liquidity can be locked during high volatility, both up and down. There's also the risk of impermanent loss.

Make sure you understand the risks before jumping in.

https://x.com/beefyfinance/status/1922287245618188588

I am a risky taker, but not with that magnitude. Liquidity pool is not a friend of mine. I prefer to either lock or stake. 😃😃😃🫡