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 ve learned a lot with this lp! 

i knew the risk, i accepted it to try to low my avrg price; degen pumped, it all was converted to eth.

still holding around 200k degen, but i will be back with more in the future!

same, at least you got out. I'm still trapped atm. 😞

Self-taught Artist & Queen of Colors pushing boundaries & igniting imaginations. 🎨 Faith & fam are my inspo ✝️❤️ Exhibited globally 🌎 linktr.ee/deriniti

got out with all funds converted to eth. not my main idea, now waiting for a new entry!

while of course I am rooting for degen, I hope we can get a pull back so we can get back in before the rocket really takes off