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. 

Sorry to hear that dude. Try during the correction(s), and see if it's worth it to withdraw. If the position is all ETH, does that mean you're not making rewards from fees now, at all?

Crypto enthusiast, ethics, movies and photography.

Founder of /gentlemanswagers

that's good to hear. Hopefully, the ratio comes back a bit, so you can generate rewards still. That APY is insane.

i'm fine; the world isn't ending here. i'll try to withdraw and wait. if $degen back to the price where I don't have il, I'll be back!!!

but 150k degen rewards are out lol