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Jorge Schnura
@schnura
Why are we still trying to optimise yields ourselves instead of relying on @maxapy which automates it for us and is able to generate way superior returns? Big mistery
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Dean Pierce 👨💻🌎🌍
@deanpierce.eth
Seems like a dangerous game. Higher APY means higher risk. Wonder how hard it would be to attract maxapy users to a shady protocol and rug it.
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Jorge Schnura
@schnura
Once it launches in a few weeks, it will optimally allocate and reallocate your funds in Yearn, Convex, Beefy and Sommelier pools/vaults, so the risk is the same as being there. Those pools/vaults are curated by the team to avoid the case you're pointing out
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Dean Pierce 👨💻🌎🌍
@deanpierce.eth
It doesn't exist yet? That might be another good reason that people aren't using it 😄 Human curation of this sort of thing is also pretty risky, as the curators are going to get a lot of pressure to activate higher risk protocols that are more likely to rug or get hacked. This can expose those humans to some massive legal liabilities.
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Jorge Schnura
@schnura
Unless those curating the strategies need to lock @maxapy tokens in order to do so and get slashed if depositors lose money. Their incentive is the highest possible yield without a rug, exploit or depeg happening
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