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

we stir, grow restless | wake.bsky.social

"understand the risks before jumping in" is not how we do our degening, sir. "go apeshit with a lot of money" would be correct.

Interested in travel, technology, art and investing. GrailersDAO

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!

still proving LP there and it has been sweet!!

yea for over 24 hours I have been trying to exit and can't 😩

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. 😃😃😃🫡

A true Degen checks the depth before diving in. The APY is big, but our mindset is bigger.

Don’t let the gains blind you, always know the risks before you ape in

Its too risky!! Im so lucky that took out my money before pump 😅😶‍🌫️💜

Still no update on when withdrawals will open again?🤔