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.

THE Yield Optimizer. anon cyber punks making defi boring. 

Yeah when i violent move like this happens the IL becomes higher than the rewards accrued; i put half of my DEGEN too and the rewards do not cover the IL. The beefy LP should balance the price more quickly but something didn't work i'd say.

Lifelong sport fan, love to play golf. NBA, F1, biathlon super fan.
#Rekt but not a degen. Most of the chains are good!

same here. even rewards from 1.5 months don't cover the il.

yeah, that's why i like uni V3/V4, i set price ranges i'm comfortable with and just let it accumulate over time. On beefy they autocompound and do the work but they set the ranges and only works if it stay inside for a long time.